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.
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 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.
Kennametal reported fiscal 2025 first quarter results with sales of $482 million, down 2% from $492 million in the prior year. Earnings per share were $0.28, compared to $0.37 last year, while adjusted EPS was $0.29 versus $0.41. The company generated strong cash from operations of $46 million, up from $26 million year-over-year. Operating income decreased to $36 million (7.5% margin) from $45 million (9.2% margin). The company returned approximately $31 million to shareholders through $15 million in share repurchases and $16 million in dividends.
Kennametal (NYSE: KMT) has expanded its turning portfolio with three new products: TopSwiss™ Turning Inserts, Micro Boring Solid (MBS) tooling, and KCU25B Turning Inserts. The TopSwiss™ line features four new carbide grades and is designed for Swiss-type small parts machining, particularly in medical, aerospace, and defense applications. The MBS tooling enables machining in bores as small as 0.3mm, while KCU25B inserts offer roughing and medium machining solutions with Kennametal's proprietary KENGold PVD coating. These innovations aim to improve output, enhance component quality, and reduce errors.
Kennametal Inc. (NYSE: KMT) has announced its upcoming first quarter fiscal year 2025 earnings call, scheduled for Wednesday, November 6, 2024, at 9:30 am ET. The company will release its press release and presentation on its website before the market opens on November 6. The conference call will be hosted by Sanjay Chowbey, President and CEO, and Patrick Watson, Vice President and CFO.
Investors can access the real-time audio webcast of the conference call on Kennametal's investor relations website. Kennametal, an industrial technology leader with over 85 years of experience, provides productivity solutions through materials science, tooling, and wear-resistant solutions. The company serves customers in aerospace and defense, earthworks, energy, general engineering, and transportation sectors across nearly 100 countries. Kennametal reported revenues of $2 billion in fiscal 2024 and employs approximately 8,400 people globally.
Kennametal Inc. (NYSE: KMT) has been recognized in TIME's World's Best Companies 2024 list, a prestigious accolade based on revenue growth, employee satisfaction, and sustainability data. This recognition highlights Kennametal's commitment to its stakeholders, including employees, customers, investors, and community partners.
President and CEO Sanjay Chowbey emphasized the company's focus on growth, employee engagement, and sustainability as central to their strategy. Kennametal, an industrial technology leader with over 85 years of experience, provides materials science, tooling, and wear-resistant solutions to customers in aerospace, defense, earthworks, energy, and transportation sectors.
In fiscal 2024, Kennametal generated $2 billion in revenues and employs approximately 8,400 people across nearly 100 countries. The company's dedication to sustainability is detailed in its fiscal year 2024 Corporate Responsibility Report.
Kennametal Inc. (NYSE: KMT) has released its fiscal year 2024 Corporate Responsibility Report, showcasing progress in environmental, social, and governance initiatives. Key achievements include:
- 2% reduction in Scope 1 and 2 greenhouse gas emissions
- 4% decrease in water withdrawal
- 10% increase in waste recycling efforts
- Surpassing U.S. industry standard total recordable incident rates by 150%
- Creation of three new employee resource groups
The report aligns with GRI Standards, SASB Sustainability Accounting Standards, and UN Sustainability Development Goals. Kennametal, an industrial technology leader with $2 billion in revenues for fiscal 2024, emphasizes its commitment to sustainability while focusing on business success and stakeholder value.
Kennametal Inc. (NYSE: KMT) unveiled its new HARVI II TE end mill at IMTS 2024 in Chicago. This 5-flute end mill is designed for aggressive applications in general engineering, aerospace, defense, and medical sectors, offering high metal removal rates and increased versatility. The HARVI II TE features:
- Increased stability and stiffness in dynamic and traditional milling
- Capability for high-speed and deep cuts
- Novel centerless end face design for flexibility across materials
- Pairing with KCSM15A and KCPM15A for longer tool life
Kennametal is showcasing live demonstrations of HARVI portfolio end mills at IMTS 2024, along with a machine giveaway and daily prize draws.
Kennametal Inc. (NYSE: KMT) has announced its schedule for the "Metal Mania" exhibition at IMTS 2024 in Chicago, September 9-14. The company will showcase tooling solutions from brands like Kennametal®, WIDIA™, and Hanita™ through live machining demonstrations. These demos, held daily at 10AM and 2PM, will feature industry experts and Kennametal's Global Machining Technology Team.
Highlights include:
- Special guests like Titan Gilroy and Barry Setzer from Titans of CNC
- Demos on the SVM 4100 Vertical Machining Center, which will be given away at the end of the show
- Daily giveaways of custom guitars and tool boxes
- Booth location: West Building, level 3, No. 432324
Kennametal, with $2 billion in revenues for fiscal 2024, serves industries such as aerospace, defense, and transportation with materials science and tooling solutions.
FAQ
What is the current stock price of Kennametal (KMT)?
What is the market cap of Kennametal (KMT)?
What are Kennametal's main business segments?
What recent innovations has Kennametal achieved?
How is Kennametal addressing market challenges and operational efficiency?
What are Kennametal's primary markets?
How did Kennametal perform financially in fiscal 2023?
What is Kennametal's role in the ModuleWorks Strategic Partner Program?
How did Kennametal handle the recent tornado affecting its Rogers, AR facility?
What is Kennametal's approach to sustainability?
How does Kennametal support the automotive industry?
How extensive is Kennametal's global presence?
