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Kennametal Inc. (NYSE: KMT) is a global industrial technology leader with over 80 years of expertise in materials science, tooling, and wear-resistant solutions. The company is strategically divided into two core segments: Metal Cutting and Infrastructure. Serving diverse markets such as aerospace, defense, energy, general engineering, and transportation, Kennametal offers an extensive range of standard and custom metal cutting solutions, achieving the highest revenue from its Metal Cutting segment.
Kennametal's advanced materials sciences and application knowledge enable it to deliver productivity and performance in demanding environments. The company’s innovative solutions include high-performance tooling and precision machining products, which are critical for sectors like aerospace, energy, and automotive industries.
Kennametal has recently made significant strides in innovation and development. For instance, the company was awarded the prestigious R&D 100 Award for its KENionic™ technology, an additive manufactured machining tool for large engine and transmission housings in transportation, including electric vehicles. This tool is noted for its lightweight design and efficiency, reducing machining time by roughly 50%.
The company also recently became a NASCAR Competition Partner, supplying precision metal cutting solutions for the Next Gen cars. This partnership highlights Kennametal's commitment to innovation and expanding its reach within the automotive and motorsport industries.
Financially, Kennametal reported $2.1 billion in revenues for fiscal 2023. The company continues to drive productivity and cost-saving initiatives, including a $100 million Operational Excellence and Capacity Optimization program aimed at restructuring and operational improvements to enhance shareholder value.
Additionally, Kennametal has joined the ModuleWorks Strategic Partner Program to drive intelligent and integrated digital manufacturing solutions. This partnership leverages Kennametal’s knowledge in materials science and tooling with ModuleWorks' software capabilities, further supporting small and medium-sized general engineering shops.
Despite market challenges, including a recent tornado affecting its Rogers, AR facility, Kennametal has demonstrated resilience by resuming operations swiftly and ensuring continued support for its customers. The company’s global presence, with approximately 8,700 employees in nearly 100 countries, underscores its capability to maintain competitive advantage and deliver high-quality solutions across various industries.
Kennametal (NYSE: KMT) has announced its participation in the J.P. Morgan Industrials Conference in New York City. The company, an industrial technology leader with over 85 years of experience, specializes in materials science, tooling, and wear-resistant solutions.
Kennametal serves customers across multiple sectors including aerospace and defense, earthworks, energy, general engineering, and transportation. With approximately 8,400 employees supporting customers in nearly 100 countries, the company reported revenues of $2 billion in fiscal 2024.
The company helps manufacturers achieve precision and efficiency through their technological solutions, maintaining global competitiveness for their clients.
Kennametal (NYSE: KMT) has announced its participation in the upcoming Loop Capital Conference in New York City on Tuesday, March 11, 2025. The company will be represented by Patrick Watson, Vice President and Chief Financial Officer, and Michael Pici, Vice President of Investor Relations.
Kennametal, an industrial technology leader with over 85 years of experience, specializes in materials science, tooling, and wear-resistant solutions. The company serves customers across multiple sectors including aerospace and defense, earthworks, energy, general engineering, and transportation. With approximately 8,400 employees serving customers in nearly 100 countries, Kennametal generated $2 billion in revenues in fiscal 2024.
Kennametal (NYSE: KMT) reported fiscal Q2 2025 results with sales of $482 million, down 3% from $495 million in the prior year quarter. The company posted earnings per diluted share (EPS) of $0.23, compared to $0.29 in the prior year quarter, with adjusted EPS of $0.25 versus $0.30.
Strong year-to-date cash flow performance was highlighted with operating cash flow of $101 million and free operating cash flow of $57 million. The company returned approximately $31 million to shareholders through $15 million in share repurchases and $16 million in dividends.
Due to weakening market conditions, primarily in EMEA, Kennametal lowered its fiscal 2025 outlook. The company now expects annual sales of $1.950-$2.0 billion and adjusted EPS of $1.05-$1.30. Additional restructuring actions announced in January 2025 are expected to deliver approximately $15 million in annual savings by fiscal year-end.
Kennametal (NYSE: KMT) has announced the appointment of Douglas Dietrich to its Board of Directors, effective February 1, 2025. Dietrich, who currently serves as Executive Chairman and CEO of Minerals Technologies, brings over 30 years of business and industry experience to the role.
President & CEO Sanjay Chowbey highlighted Dietrich's experience in driving transformative change through strategic, operational, and financial leadership. Board Chairman William M. Lambert emphasized Dietrich's track record in delivering long-term growth through strategy, innovation, and targeted M&A, noting these skills will support Kennametal's ongoing transformation.
Kennametal (NYSE: KMT) has announced its participation in the Barclays 42nd Annual Industrial Select Conference in Miami, Florida, scheduled for Wednesday, February 19, 2025. The company will be represented by Patrick Watson, Vice President and Chief Financial Officer, and Michael Pici, Vice President, Investor Relations.
Kennametal, an industrial technology leader with over 85 years of experience, specializes in materials science, tooling, and wear-resistant solutions. The company serves customers across multiple sectors including aerospace and defense, earthworks, energy, general engineering, and transportation. With approximately 8,400 employees supporting customers in nearly 100 countries, Kennametal generated $2 billion in revenues in fiscal 2024.
Kennametal (NYSE: KMT) has announced its upcoming second quarter fiscal 2025 earnings conference call and webcast, scheduled for Wednesday, February 5, 2025, at 9:30 am ET. The earnings release and presentation materials will be available on the company's website before market opening on the same day.
The call will be hosted by Sanjay Chowbey, President and CEO, and Patrick Watson, Vice President and CFO. Kennametal, an industrial technology leader with over 85 years of experience, specializes in materials science, tooling, and wear-resistant solutions. The company serves customers across aerospace and defense, earthworks, energy, general engineering, and transportation sectors in nearly 100 countries. Kennametal employs approximately 8,400 people and reported revenues of $2 billion in fiscal 2024.
Kennametal (NYSE: KMT) has announced that Faisal Hamadi, currently Vice President of Value Creation Systems, will become President of the company's Infrastructure segment effective January 20, 2025, succeeding Franklin Cardenas. Hamadi joined Kennametal in July 2024 from Eaton , where he had 17 years of experience, most recently managing a $600 million aerospace business with over 1,000 employees.
CEO Sanjay Chowbey expressed confidence in Hamadi's strategic thinking, customer focus, and continuous improvement experience to grow and improve the Infrastructure business. Hamadi's current Value Creation Systems responsibilities will be integrated with existing roles at Kennametal. Cardenas will remain with the company through April 1, 2025, ensuring a smooth transition.
Kennametal (NYSE: KMT) has been named one of America's Most Responsible Companies 2025 by Newsweek, marking its fourth consecutive year on the list. This recognition highlights the company's dedication to responsible business practices across environmental and social initiatives.
The ranking, compiled in collaboration with Statista, evaluates companies based on three ESG pillars: Environment, Social, and Corporate Governance. The 2025 list features 600 U.S.-based companies committed to positive global impact.
Kennametal, an industrial technology leader with over 85 years of experience, serves customers in aerospace, defense, earthworks, energy, and transportation sectors. The company operates in nearly 100 countries with approximately 8,400 employees and generated $2 billion in revenues in fiscal 2024.
Kennametal (NYSE: KMT) has been named one of Caterpillar Inc's top indirect suppliers for 2024. The recognition highlights Kennametal's excellence in providing innovative solutions, productivity improvements, and engineering support. A key factor was the company's exceptional support in launching the Cat C27B and C32 cylinder heads at its Schertz, Texas facility. Kennametal, an industrial technology leader with over 85 years of experience, generates $2 billion in revenues and serves customers across aerospace, defense, earthworks, energy, and transportation sectors in nearly 100 countries with approximately 8,400 employees.
Kennametal Inc. (NYSE: KMT) announced its participation in the UBS Global Industrials and Transportation Conference in Manalapan, Florida, on December 3, 2024.
Attendees will include Patrick Watson, Vice President and Chief Financial Officer, and Michael Pici, Vice President, Investor Relations.
With over 85 years of expertise, Kennametal specializes in materials science, tooling, and wear-resistant solutions, serving industries like aerospace, defense, energy, and transportation. The company employs approximately 8,400 people across nearly 100 countries and generated $2 billion in revenues in fiscal 2024.
For more details, visit www.kennametal.com.
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