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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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.

Sales of $497 million increased 2 percent year-over-year, driven by 11 percent organic growth Sales growth driven by pricing actions and end market resiliency, especially in the Americas and EMEA US dollar strength and inflation remain significant headwinds Earnings per diluted share (EPS) of $0.27 Returned approximately $27 million to shareholders; $11 million in share repurchases and $16 million in dividends PITTSBURGH , Feb. 6, 2023 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) (the "Company") today reported results for its fiscal 2023 second quarter ended December 31, 2022, with earnings per diluted share (EPS) of $0.27, compared with $0.37 in the prior year quarter. EPS was not adjusted in the current quarter, whereas adjusted EPS was $0.35 in the prior year quarter.

Kennametal Announces Fiscal 2023 Second Quarter Results

PITTSBURGH , Jan. 16, 2023 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) will host its second quarter fiscal year 2023 earnings call on Tuesday, February 7, 2023.   The press release and presentation will be available on the Company's website after market close on February 6, 2023.

Kennametal to Host Earnings Conference Call & Webcast on Second Quarter Fiscal 2023 Results

Kennametal had something of a rough start to its 2023 fiscal year, with sales rising but profits and cash flows pulling back in the first quarter. This is disappointing, but management's guidance still suggests that the company is a solid prospect.

Kennametal: Still Appealing If Guidance Holds

GuruFocus's Guru Hot Picks page shows that nine guru investors bought shares of Kennametal (KMT, Financial), an industrial small-cap, in the third quarter of 2022, and only two sold during that same period.

Why Are So Many Gurus Buying Kennametal?

Stanley Black & Decker

The Zacks Manufacturing-Tools & Related Products industry is grappling with supply chain and cost woes. Amid a slowdown in manufacturing activities, SWK and KMT are likely to struggle in the near term.

Should You Buy the Dip in These 2 Manufacturing Tools Stocks Amid Industry Challenges?

PITTSBURGH , Dec. 15, 2022 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) announced today the election of Paul Sternlieb to its board of directors, effective January 1, 2023. Sternlieb is currently the President and CEO of Enerpac Tool Group, a premier industrial tools and services company.

Kennametal Names Paul Sternlieb to Board of Directors

PITTSBURGH , Dec. 2, 2022 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) announced today that they will participate in a Non-Deal Roadshow hosted by KeyBanc on December 8 and 9, 2022. Details of the conference are as follows:     When: December 8-9, 2022     Attendees: Patrick Watson, Vice President and Chief Financial Officer Franklin Cardenas, Vice President Kennametal Inc. and President of Infrastructure Business Segment Kelly Boyer, 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 Participate in Non-Deal Roadshow Hosted by KeyBanc on December 8 and 9, 2022

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

Kennametal (KMT) Up 3.7% Since Last Earnings Report: Can It Continue?

New and enhanced products expand metal cutting capabilities and help customers machine better than ever PITTSBURGH , Nov. 30, 2022 /PRNewswire/ -- Kennametal has expanded its Innovations series of Metal Cutting tools and solutions with new product offerings that provide customers with maximum efficiency and productivity for machining applications ranging from electric vehicles and aerospace to general engineering. Kennametal's new products provide maximum efficiency and productivity for a variety of machining applications.

KENNAMETAL INTRODUCES NEXT-LEVEL INNOVATIONS

Kennametal's (KMT) fiscal first-quarter operating margin decreased 150 bps year over year due to high raw material costs, foreign currency exchange headwinds and temporary supply-chain disruptions.

Kennametal (KMT) Q1 Earnings Miss Estimates, Revenues Up Y/Y

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.

Kennametal Inc. (KMT) Q1 2023 Earnings Call Transcript

Kennametal (KMT) delivered earnings and revenue surprises of -8.11% and 1.37%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Kennametal (KMT) Lags Q1 Earnings Estimates

Sales of $495 million increased 2 percent year-over-year 9 percent organic sales growth offset by negative 7 percent foreign currency effect Strong pricing actions continued to cover inflationary pressures Earnings per diluted share (EPS) of $0.34 Returned approximately $36 million to shareholders; $19 million in share repurchases and $16 million in dividends PITTSBURGH , Oct. 31, 2022 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) (the "Company") today reported results for its fiscal 2023 first quarter ended September 30, 2022, with earnings per diluted share (EPS) of $0.34, compared with $0.43 in the prior year quarter. EPS was not adjusted in the current quarter, whereas adjusted EPS was $0.44 in the prior year quarter.

Kennametal Announces Fiscal 2023 First Quarter Results

Kennametal has done really well recently, with revenue and profits rising and pushing shares higher. Overall, the company is a robust operator, and the market has rewarded the firm handsomely for it.

Kennametal: Some Upside Still Exists

PITTSBURGH , Oct. 19, 2022 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) announced today that they will attend the Baird 2022 Global Industrial Conference. Details of the conference are as follows:             When:                                  Wednesday, November 9, 2022             Attendees:                  Christopher Rossi, President and Chief Executive Officer Patrick Watson, Vice President and Chief Financial Officer Kelly Boyer, 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 Baird 2022 Global Industrial Conference

PITTSBURGH , Oct. 11, 2022 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) will host its first quarter fiscal year 2023 earnings call on Tuesday, November 1, 2022. The press release and presentation will be available on the Company's website after market close on October 31, 2022.

Kennametal to Host Earnings Conference Call & Webcast on First Quarter Fiscal 2023 Results

Why Is Kennametal (KMT) Down 8.5% Since Last Earnings Report?

PITTSBURGH , Aug. 24, 2022 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) announced today that they will attend the Morgan Stanley 10th Annual Laguna Conference. Details of the conference are as follows:             When:          Thursday, September 15, 2022             Attendees:   Patrick Watson, Vice President and Chief Financial Officer Kelly Boyer, 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 Morgan Stanley 10th Annual Laguna Conference

Kennametal (KMT) is experiencing softness in its transportation end market due to supply-chain constraints along with high costs and expenses.

Reasons Why You Should Avoid Betting on Kennametal (KMT) Now

Kennametal's (KMT) Q4 earnings results reflect gains from solid segmental numbers. High tax rate and cost woes restrict margin growth.

Kennametal (KMT) Q4 Earnings & Revenues Surpass Estimates

Kennametal Inc. (NYSE:KMT ) Q4 2022 Earnings Conference Call August 2, 2022 8:00 AM ET Company Participants Kelly Boyer – Vice President-Investor Relations Chris Rossi – President and Chief Executive Officer Pat Watson – Vice President and Chief Financial Officer Conference Call Participants Steven Volkmann – Jefferies Joe Ritchie – Goldman Sachs Julian Mitchell – Barclays Chris Dankert – Loop Capital Operator Good morning, I would like to welcome everyone to Kennametal's Fourth Quarter Fiscal 2022 Earnings Conference Call. All lines have been placed on mute to prevent any background noise.

Kennametal Inc. (KMT) CEO Chris Rossi on Q4 2022 Results - Earnings Call Transcript

FY22 sales increased 9 percent year-over-year to $2.0 billion; 11 percent on an organic basis Strong full-year operating leverage drove significant improvement in annual operating margin FY22 earnings per diluted share (EPS) of $1.72 and adjusted EPS of $1.78 versus $0.65 and $1.04, respectively, in FY21 Returned $152 million to shareholders in FY22; $85 million in share repurchases and $67 million in dividends Q4 sales increased 3 percent year-over-year to $530 million; 7 percent on an organic basis PITTSBURGH , Aug. 1, 2022 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) (the "Company") today announced fourth quarter and fiscal 2022 results. For the fourth quarter, the Company reported earnings per diluted share (EPS) of $0.50, compared with $0.41 in the prior year quarter.

Kennametal Reports Fiscal 2022 and Fourth Quarter Results

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) Q4 Earnings Expected to Decline

PITTSBURGH , July 12, 2022 /PRNewswire/ -- Kennametal Inc. (NYSE:  KMT) will host its fourth quarter fiscal year 2022 earnings call on Tuesday, August 2, 2022.  The press release and presentation will be available on the Company's website after market close on August 1, 2022.

Kennametal to Host Earnings Conference Call & Webcast on Fourth Quarter Fiscal 2022 Results

Kennametal (KMT) is experiencing weakness in its transportation end market due to supply-chain restrictions. KMT's escalating costs and high debt levels are added downsides.

News for Kennametal Stock (KMT)