Kennametal Inc (KMT)
Pretax margin
| Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 140,132 | 131,811 | 147,628 | 153,392 | 154,714 | 167,121 | 174,385 | 190,405 | 201,157 | 194,542 | 164,591 | 135,420 | 60,678 | 18,278 | 31,466 | -33,438 | 1,346 | 70,934 | 115,006 | 239,425 |
| Revenue (ttm) | US$ in thousands | 2,046,898 | 2,053,825 | 2,074,067 | 2,075,868 | 2,078,184 | 2,057,964 | 2,034,187 | 2,023,739 | 2,012,456 | 1,998,412 | 1,970,811 | 1,924,645 | 1,841,441 | 1,704,523 | 1,702,949 | 1,767,522 | 1,885,305 | 2,110,201 | 2,224,321 | 2,306,635 |
| Pretax margin | 6.85% | 6.42% | 7.12% | 7.39% | 7.44% | 8.12% | 8.57% | 9.41% | 10.00% | 9.73% | 8.35% | 7.04% | 3.30% | 1.07% | 1.85% | -1.89% | 0.07% | 3.36% | 5.17% | 10.38% |
June 30, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $140,132K ÷ $2,046,898K
= 6.85%
The pretax margin of Kennametal Inc has fluctuated over the past few quarters, ranging from a low of -1.89% in September 2020 to a high of 10.00% in June 2022. The trend shows some variability, with periods of improvement followed by slight declines.
The company's pretax margin peaked at 10.00% in June 2022 before experiencing a slight decrease to 9.73% in March 2022. Subsequently, there was a notable decline to 8.35% in December 2021. However, the pretax margin showed an improvement in the following quarters, reaching 8.57% in March 2023 and 8.12% in June 2023.
The pretax margin continued to fluctuate in the more recent quarters, with values of 7.44% in September 2023 and 7.39% in December 2023. The most recent data point, at 6.85% in June 2024, indicates a slight decrease compared to the previous quarter.
Overall, the pretax margin of Kennametal Inc has displayed some volatility over the analyzed period, with a general trend of fluctuations within a range of approximately 1% to 10%, reflecting varying levels of profitability before accounting for taxes.