Kennametal Inc. (NYSE:KMT) Q1 2023 Earnings Conference Call November 1, 2022 8:00 AM ET

Company Participants

Kelly Boyer – Vice President of Investor Relations

Chris Rossi – President and Chief Executive Officer

Pat Watson – Vice President and Chief Financial Officer

Conference Call Participants

Steven Volkmann – Jefferies

Julian Mitchell – Barclays

Steve Fisher – UBS

Tami Zakaria – J.P. Morgan

Michael Feniger – Bank of America

Steve Barger – KeyBanc Capital Markets

Joe Ritchie – Goldman Sachs

Operator

Good morning everyone. I would like to welcome everyone to Kennametal's First Quarter Fiscal 2023 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions] Please note that this event is being recorded.

I would now like to turn the conference over to Kelly Boyer, Vice President of Investor Relations. Please go ahead.

Kelly Boyer

Thank you, operator. Welcome everyone and thank you for joining us to review Kennametal's first quarter fiscal 2023 results. Yesterday evening, we issued our earnings press release and posted our presentation slides on our website. We will be referring to that slide deck throughout today’s call. I'm Kelly Boyer, Vice President of Investor Relations. Joining me on the call today are Chris Rossi, President and Chief Executive Officer; and Pat Watson, Vice President and Chief Financial Officer. After Chris and Pat's prepared remarks, we will open the line for questions.

At this time, I would like to direct your attention to our forward-looking disclosure statement. Today's discussion contains comments that constitute forward-looking statements and, as such, involve a number of assumptions, risks and uncertainties that could cause the company's actual results, performance or achievements to differ materially from those expressed in or implied by such forward-looking statements. These risk factors and uncertainties are detailed in Kennametal's SEC filings. In addition, we will be discussing non-GAAP financial measures on the call today. Reconciliations to GAAP financial measures that we believe are most directly comparable, can be found at the back of the slide deck and on our Form 8-K on our website.

And with that, I'll now turn the call over to Chris.

Chris Rossi

Thanks, Kelly. Good morning everyone and thank you for joining us today. I'll start today's call with a review of the quarter, our growth roadmap and some recent strategic wins. Then Pat will go over the quarterly financial results and the outlook. And finally, I'll make some summary comments before opening the call for questions. Beginning on Slide 2 on the presentation, the first quarter results highlight continuing growth and successful execution of our strategic initiatives offset by macroeconomic factors such as high inflation, foreign exchange and regional headwinds in EMEA and China.