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LATROBE, Pa., Sept. 29 /PRNewswire-FirstCall/ -- Kennametal Inc. (NYSE: KMT) announced today that it is providing supplemental information regarding selected fiscal year 2010 financial results, which should be read in connection with the company's Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission on August 12, 2010. The information includes non-GAAP financial measures and, in accordance with SEC Regulation G, the company has provided a reconciliation for each non-GAAP financial measure to the most directly comparable GAAP financial measure. The supplemental information is accessible on the company's website, www.kennametal.com. Once on the homepage, select "Investor Relations."

Kennametal Inc. (NYSE: KMT) delivers productivity to customers seeking peak performance in demanding environments by providing innovative custom and standard wear-resistant solutions. This proven productivity is enabled through our advanced materials sciences and application knowledge. Our commitment to a sustainable environment provides additional value to our customers. Companies operating in everything from airframes to coal mining, from engines to oil wells and from turbochargers to construction recognize Kennametal for extraordinary contributions to their value chains. In fiscal year 2010, customers bought approximately $1.9 billion of Kennametal products and services – delivered by our approximately 11,000 talented employees doing business in more than 60 countries – with more than 50 percent of these revenues coming from outside North America. Visit us at www.kennametal.com.

Adjusted Operating Margin

The following GAAP financial measure has been presented excluding restructuring and related charges:  Operating margin.  See reconciliations below.  Management excludes these items in measuring and compensating internal performance to more easily compare the Company's financial performance period-to-period.

Operating Margin

(Unaudited)

Quarter ended


September 30, 2009


Industrial

Infrastructure

Corporate

Total

Sales

248,353

161,042

-

409,395






2010 Reported results

(17,851)

11,648

(3,328)

(9,531)

2010 Reported operating margin

(7.2%)

7.2%



2010 Restructuring and related charges

6,531

2,018

-

8,549

2010 Adjusted results

(11,320)

13,666

(3,328)

(982)

2010 Adjusted operating margin

(4.6%)

8.5%














December 31, 2009


Industrial

Infrastructure

Corporate

Total

Sales

277,784

165,081

-

442,865






2010 Reported results

5,903

18,250

(8,682)

15,471

2010 Reported operating margin

2.1%

11.1%



2010 Restructuring and related charges

2,666

1,445

-

4,111

2010 Adjusted results

8,569

19,695

(8,682)

19,582

2010 Adjusted operating margin

3.1%

11.9%














March 31, 2010


Industrial

Infrastructure

Corporate

Total

Sales

305,802

187,363

-

493,165






2010 Reported results

10,808

18,556

(3,061)

26,303

2010 Reported operating margin

3.5%

9.9%



2010 Restructuring and related charges

15,620

7,330

-

22,950

2010 Adjusted results

26,428

25,886

(3,061)

49,253

2010 Adjusted operating margin

8.6%

13.8%














June 30, 2010


Industrial

Infrastructure

Corporate

Total

Sales

334,854

203,788

-

538,642






2010 Reported results

32,350

31,445

(2,810)

60,985

2010 Reported operating margin

9.7%

15.4%



2010 Restructuring and related charges

10,639

2,651

-

13,290

2010 Adjusted results

42,989

34,096

(2,810)

74,275

2010 Adjusted operating margin

12.8%

16.7%














Total for year ended June 30, 2010

Sales

Industrial

Infrastructure

Corporate

Total


1,166,793

717,274

-

1,884,067

2010 Reported results





2010 Reported operating margin

31,210

79,899

(17,881)

93,228

2010 Restructuring and related charges

2.7%

11.1%



2010 Adjusted results

35,456

13,444

-

48,900

2010 Adjusted operating margin

66,666

93,343

(17,881)

142,128


5.7%

13.0%





SOURCE Kennametal Inc.

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