Welcome to our dedicated page for Kennametal news (Ticker: $KMT), a resource for investors and traders seeking the latest updates and insights on Kennametal stock.
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Kennametal Inc. (NYSE: KMT) will attend the KeyBanc 2024 Industrials and Basic Materials Conference in Boston on May 29, 2024. The company, with over 80 years of experience, delivers productivity solutions to customers worldwide. Kennametal generated $2.1 billion in revenues in fiscal 2023.
Kennametal Inc. reported its fiscal 2024 third-quarter results, with sales of $516 million, a decrease from the prior year. The company's EPS was $0.24, with adjusted EPS at $0.30. Despite market challenges, cash from operations was strong at $163 million. Key developments include restructuring savings of $6 million and operating income of $35 million. The Company's full-year outlook has been adjusted to align with market conditions, focusing on driving share gain and productivity.