Kennametal

Kennametal, Inc. engages in the development and application of tungsten carbides, ceramics, and solutions used in metal cutting and extreme wear applications. It operates through the following segments: Metal Cutting and Infrastructure. The Metal Cutting segment develops and manufactures tooling and metal cutting products and services and offers an assortment of standard and custom metal cutting solutions to diverse end markets, including aerospace, general engineering, energy and transportation. The Infrastructure segment produces engineered tungsten carbide and ceramic components, earth-cutting tools, and advanced metallurgical powders, primarily for the energy, earthworks and general engineering end markets. The company was founded by Philip M. McKenna in 1938 and is headquartered in Pittsburgh, PA.

Earnings data Q3 2021

Earnings data Q4 2021

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Earnings data Q4 2024

Earnings data Q1 2025

Earnings data Q2 2025

Kennametal reports strong Q3 performance and focuses on value-driven growth

Kennametal's Q3 performance reflects strong organic sales growth and successful strategic initiatives, despite macroeconomic headwinds. The company remains confident in its ability to drive growth and margin improvement, emphasizing its commitment to selling value and outperforming the market.

Kennametal reports robust Q2 growth, eyes EV and aerospace for expansion

Kennametal's Q2 2023 performance reflects strong sales growth and strategic focus on key sectors for market share expansion.
While facing challenges from inflation and operational factors, the company remains confident in its long-term value creation strategies.
Opportunities in EV projects, aerospace wins, and digital customer outreach position Kennametal for sustained growth and market leadership.

Kennametal reports strong Q3 performance, raises outlook for FY 2023

Kennametal's Q3 performance reflected solid sales growth, margin improvement, and strategic wins in key industries, positioning the company for continued success.
Despite challenges in managing margins, distributor behavior, and pricing strategies, Kennametal remains focused on innovation and value-driven sales approaches.
With an optimistic outlook for FY 2023 and a commitment to outperforming the market, Kennametal is poised to capitalize on opportunities for growth and market expansion.

Kennametal reports strong FY '23 performance, eyes growth opportunities

Kennametal's fiscal year '23 demonstrated solid organic sales growth and improved cash flow, despite margin challenges.
The company's strategic cost-saving actions and focus on commercial excellence position it well for FY '24.
While facing profitability and volume uncertainties, Kennametal's recent wins and market opportunities offer avenues for growth.
Investor interest remains high with an upcoming Investor Day to showcase future plans and strategies.

Kennametal reports flat Q1 sales but boosts EPS growth

Kennametal's Q1 2024 performance showed flat sales but increased adjusted EPS, driven by growth in key segments. The company maintained its full-year outlook with expectations of growth acceleration in the second half.
Despite challenges in the Energy sector, Kennametal is capitalizing on strengths in Europe and strategic business combinations to drive market share and shareholder value.

Kennametal reports flat Q2 sales, eyes growth in Aerospace market

Kennametal's Q2 performance reflects mixed results with flat sales, margin decline, and increased EPS, amid challenges in the Infrastructure segment.
Strengths lie in new product offerings, market share gains in Aerospace, and a strategic capital allocation plan for growth acceleration.
Challenges include market slowdowns, volume declines, and factors impacting EPS guidance, while opportunities exist in cost savings, market expansion, and industrial production improvement.
Overall, Kennametal aims to navigate market cycles, drive growth through innovation, and capitalize on opportunities for improved performance and profitability.

Kennametal Q3 2024: Sales Decline Amid Margin Challenges and New CEO Transition

Kennametal faced sales decline and margin challenges in Q3 2024, with adjusted EBITDA and EPS also down.
Strengths include growth in Aerospace & Defense, improved cash flow, and ongoing share repurchases.
Challenges include margin degradation in Metal Cutting and cautious customer restocking behavior.
Opportunities lie in stable raw material prices, potential sales growth, and new CEO leadership.

Kennametal reports resilient Q4 performance, eyes growth opportunities in FY '25

Kennametal's Q4 2024 earnings call highlighted improved margins, stock repurchases, and shareholder returns amidst challenging market conditions. The company's strategic focus on growth, efficiency, and optimization positions it well for future opportunities and performance.

Kennametal reports mixed Q1 results, focuses on innovation and cash flow

Kennametal's Q1 2025 performance reflected mixed sales results across segments amidst challenging market conditions
Despite sales decline, the company demonstrated strengths in innovation, cash flow generation, and sector diversification
Challenges in EMEA and soft U.S. industrial production were offset by growth in Asia Pacific and key sectors
Opportunities lie in growth initiatives, market expansion, and strategic focus on cash flow generation and shareholder value

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Kennametal, Inc. engages in the manufacturing of tungsten carbide metal cutting tooling. It operates through the Metal Cutting and Infrastructure segments. The Metal Cutting segment develops and manufactures tooling and metal cutting products and services. The Infrastructure segment produces engineered tungsten carbide and ceramic components, earth-cutting tools, and advanced metallurgical powders. The company was founded by Philip M. McKenna in 1938 and is headquartered in Pittsburgh, PA.

PITTSBURGH , July 17, 2024 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) will host its fourth quarter and fiscal 2024 earnings call on Wednesday, August 7. The press release and presentation will be available on the Company's website before market on August 7.

Kennametal to Host Earnings Conference Call & Webcast on Fourth Quarter and Fiscal 2024 Results

Discover innovative tooling solutions, machining demonstrations, giveaways and more at the Kennametal booth PITTSBURGH , July 16, 2024 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) announced today that it will be an exhibitor at the 2024 International Manufacturing Technology Show (IMTS), at McCormick Place in Chicago, September 9-14, 2024. The Company's Metal Mania booth is inspired by Kennametal's nationwide tooling truck and trailer and is designed to emulate a concert experience while simultaneously connecting attendees with high performance metal cutting solutions.

Kennametal to Shred Metal at IMTS 2024

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Stanley Black & Decker

During times of turbulence and uncertainty in the markets, even when markets are at all-time highs, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

Wall Street's Most Accurate Analysts Weigh In On 3 Industrials Stocks Delivering High-Dividend Yields

Lower volume in general engineering, energy and earthwork end markets, and increasing operating expenses are weighing on Kennametal (KMT). Unfavorable foreign currency movement is an added concern.

Here's Why Investors Should Avoid Kennametal (KMT) for Now

PITTSBURGH , June 11, 2024 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) ("the Company") announced today that it has resumed operations at its facility in Rogers, AR, following a previous shutdown due to damage from a tornado on May 26. "The restart of our Rogers facility is a testament to the great teamwork of our local team and the tremendous support and coordination of expert resources across the entire organization," said Sanjay Chowbey, President and CEO of Kennametal Inc. "Our team worked around the clock to ensure operations could resume safely and we continue to take important steps forward every day to meet customers' expectations.

Kennametal Provides Update on Arkansas Facility Damaged by Tornado

PITTSBURGH , May 28, 2024 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) ("the Company") announced today that its production facility in Rogers, AR, sustained damage early Sunday morning from a tornado that also affected the larger Rogers community. At the time of the storm, the facility was shut down for the holiday weekend and no employees were onsite.

Kennametal Statement about Facility Damaged by Arkansas Tornado

Kennametal's (KMT) fiscal third-quarter 2024 revenues decrease 3.8% due to the lackluster performance of the Metal Cutting segment.

Kennametal (KMT) Q3 Earnings Miss Estimates, Revenues Fall Y/Y

PITTSBURGH, May 9, 2024 /PRNewswire/ --  Kennametal Inc. (NYSE: KMT) announced today that they will attend the KeyBanc 2024 Industrials and Basic Materials Conference in Boston. Details of the conference are as follows: When:        May 29, 2024 Attendees:  Patrick Watson, Vice President and Chief Financial Officer Franklin Cardenas, Vice President Kennametal Inc., President Infrastructure Michael Pici, Vice President, Investor Relations About Kennametal With over 80 years as an industrial technology leader, Kennametal Inc. delivers productivity to customers through materials science, tooling and wear-resistant solutions.

Kennametal to Attend KeyBanc 2024 Industrials and Basic Materials Conference

The headline numbers for Kennametal (KMT) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Kennametal (KMT) Reports Q3 Earnings: What Key Metrics Have to Say

Kennametal (KMT) came out with quarterly earnings of $0.30 per share, missing the Zacks Consensus Estimate of $0.31 per share. This compares to earnings of $0.39 per share a year ago.

Kennametal (KMT) Q3 Earnings and Revenues Miss Estimates

Strong YTD cash from operations of $163 million compared to $126 million in the prior year Earnings per diluted share (EPS) of $0.24 and adjusted EPS of $0.30 Returned approximately $31 million to shareholders; $15 million in share repurchases and $16 million in dividends PITTSBURGH , May 8, 2024 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) (the "Company") today reported results for its fiscal 2024 third quarter ended March 31, 2024, with sales of $516 million, compared to $536 million in the prior year quarter, and earnings per diluted share (EPS) of $0.24, compared with $0.39 in the prior year quarter. Adjusted EPS was $0.30 in the current quarter, whereas EPS was not adjusted in the prior year quarter.

Kennametal Announces Fiscal 2024 Third Quarter Results

Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Kennametal (KMT), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended March 2024.

Unveiling Kennametal (KMT) Q3 Outlook: Wall Street Estimates for Key Metrics

Kennametal (KMT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Kennametal (KMT) Q3 Earnings Expected to Decline

PITTSBURGH , April 24, 2024 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) announced today that they will attend the BofA Securities Transportation, Airlines and Industrials Conference in New York City. Details of the conference are as follows: When: May 15, 2024 Attendees: Patrick Watson, Vice President and Chief Financial Officer Michael Pici, Vice President, Investor Relations John Witt, Vice President Finance and Corporate Controller About Kennametal With over 80 years as an industrial technology leader, Kennametal Inc. delivers productivity to customers through materials science, tooling and wear-resistant solutions.

Kennametal to Attend BofA Securities Transportation, Airlines and Industrial Conference 2024

PITTSBURGH , April 17, 2024 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) will host its third quarter fiscal year 2024 earnings call on Wednesday, May 8.  The press release and presentation will be available on the Company's website before market on May 8.

Kennametal to Host Earnings Conference Call & Webcast on Third Quarter Fiscal 2024 Results

Kennametal (KMT) is set to benefit from the solid momentum in the Metal Cutting segment and innovation capabilities. However, weakness in the Infrastructure segment remains a concern.

Kennametal (KMT) Exhibits Strong Prospects Despite Headwinds

PITTSBURGH, March 14, 2024 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) announced today that Sanjay Chowbey, currently Vice President, Kennametal Inc. and President, Metal Cutting Segment, will succeed Christopher Rossi as President & CEO. Rossi has decided to retire from the company after nearly seven years as CEO, effective May 31, 2024.

Kennametal Appoints Sanjay Chowbey as President & CEO effective June 1, 2024; Christopher Rossi to Retire on May 31

Lower volume in aerospace and defense end markets, and increasing costs are weighing on Kennametal (KMT). Unfavorable foreign currency movement is an added concern.

Here's Why You Should Avoid Kennametal (KMT) Stock for Now

Kennametal (KMT) reported earnings 30 days ago. What's next for the stock?

Why Is Kennametal (KMT) Up 6.7% Since Last Earnings Report?

PITTSBURGH , Feb. 21, 2024 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) announced today that they will attend the J.P. Morgan Industrials Conference in New York City.

Kennametal to Attend J.P. Morgan Industrials Conference

Kennametal's (KMT) fiscal second-quarter 2024 results benefit from the solid performance of the Metal Cutting segment.

Kennametal (KMT) Q2 Earnings Top Estimates, Revenues Down Y/Y

PITTSBURGH , Feb. 8, 2024 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) announced today that it has been named an Edison Award finalist for its industry-first, additive manufactured cutting tool designed with KENionic™ technology. The innovative tool mimics organic shape adaptations observed in nature.

Kennametal Innovation Recognized as Edison Award Finalist

Kennametal Inc. (KMT) Q2 2024 Earning Call Transcript

The headline numbers for Kennametal (KMT) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Compared to Estimates, Kennametal (KMT) Q2 Earnings: A Look at Key Metrics

Kennametal (KMT) came out with quarterly earnings of $0.30 per share, beating the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.27 per share a year ago.

News for Kennametal Stock (KMT)