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Kennametal - KMT STOCK NEWS

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.

Overview

Kennametal Inc (NYSE: KMT) is a well-established industrial technology company that manufactures high‐performance metal cutting tools, engineered wear-resistant components, and advanced coatings. With a robust legacy built over many decades, the company leverages its deep expertise in materials science to deliver custom and standard solutions that empower customers to achieve peak performance in demanding environments. As a key player in the industrial manufacturing space, Kennametal serves critical sectors including aerospace, energy, general engineering, transportation, and earthworks, providing essential tools and components that enhance operational productivity.

Core Business Segments

The company is strategically organized into two core segments: the Metal Cutting segment and the Infrastructure segment. The Metal Cutting segment, which is the primary revenue driver, focuses on the development, manufacturing, and distribution of high-performance cutting tools and solutions. These products are designed to meet the stringent requirements of a diverse array of end markets, ensuring precision and increased efficiency in manufacturing processes. The Infrastructure segment complements this with engineered carbide wear components and coatings that contribute to process stability and longevity in various heavy industrial applications.

Technology and Innovation

Kennametal stands out through its advanced materials science and application knowledge. The company integrates innovative technologies and rigorous engineering practices to design tools that withstand extreme operating conditions, thereby reducing downtime and enhancing productivity. Industry-specific advancements in wear-resistant solutions, precision-engineered components, and durable coatings are testament to Kennametal’s commitment to continuous improvement and operational excellence. The organization’s portfolio of respected brand names further underpins its reputation for delivering invaluable, long-lasting solutions to industrial manufacturing challenges.

Global Footprint and Market Significance

With a broad geographic presence spanning nearly 100 countries, Kennametal effectively meets the needs of both large-scale enterprises and smaller operations across multiple regions including North America, Europe, and Asia. The company’s global operations are supported by a comprehensive network of manufacturing facilities, distribution centers, and dedicated service teams. This extensive reach not only facilitates localized support and rapid service response but also ensures that Kennametal maintains a competitive edge in the increasingly complex global industrial landscape.

Operational Excellence and Strategic Positioning

The company’s longstanding focus on quality, efficiency, and innovation has been key to its competitive positioning. By harnessing in-depth application knowledge and state-of-the-art production capabilities, Kennametal provides tailored solutions that enhance manufacturing processes and drive success at every stage of the customer value chain. Its ability to integrate custom engineered solutions with standardized product offerings enables a flexible approach that meets varying market demands while supporting cost reduction and productivity improvements.

Commitment to Expertise and Sustainability

Although primarily focused on business fundamentals, Kennametal’s commitment to leveraging advanced materials science combined with a sustainable approach resonates throughout its operations. The company’s integrated use of technology, rigorous process engineering, and environmentally considerate practices provide additional value to its customers. This balanced focus on performance and responsible manufacturing underscores the company’s long-standing tradition of excellence and reliability in the industrial technology sector.

Conclusion

In summary, Kennametal Inc. is a pivotal industrial technology manufacturer with a rich heritage in delivering high-performance metal cutting tools and wear-resistant solutions. Its strategic segmentation, global operational footprint, and technological innovation empower manufacturers across diverse sectors to maintain competitive operational excellence. This comprehensive approach—grounded in advanced materials science and deep industry expertise—ensures that Kennametal remains a cornerstone in the modern manufacturing landscape.

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Kennametal Inc. (NYSE: KMT) will be attending the BofA Securities Transportation, Airlines and Industrials Conference in New York City on May 15, 2024. The attendees include Patrick Watson, Vice President and Chief Financial Officer, Michael Pici, Vice President of Investor Relations, and John Witt, Vice President of Finance and Corporate Controller.
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Kennametal Inc. (NYSE: KMT) will host its third quarter fiscal year 2024 earnings call on May 8, 2024, with President and CEO Christopher Rossi and Vice President and CFO Patrick Watson as hosts. The webcast will be available on the company's investor relations website.
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Kennametal Inc. (NYSE: KMT) announced Sanjay Chowbey as the new President & CEO, succeeding Christopher Rossi. Rossi will retire after successfully leading the company through challenges, cultural transformation, and improved business performance. Chowbey, a proven business leader, will take over on June 1, 2024, focusing on growth, margin expansion, and shareholder value creation.
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Kennametal Inc. announced Katie Myers and Zhuqing Wang as 2024 Emerging Leader and Women MAKE Award Honoree respectively by The Manufacturing Institute. Myers and Wang are recognized for their leadership and excellence in driving innovation at Kennametal. Myers delivers innovative tooling solutions, while Wang leads research in Additive Manufacturing and Materials Science. Kennametal President Christopher Rossi praises their contributions to advancing the manufacturing industry.
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Kennametal Inc. (KMT) joins ModuleWorks' Strategic Partner Program to enhance digital manufacturing solutions. The partnership aims to provide advanced, user-friendly solutions for customers, focusing on improving service and addressing evolving market needs.
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Kennametal Inc. (KMT) will participate in the J.P. Morgan Industrials Conference in New York City on March 12, 2024. Key attendees include Patrick Watson, Dr. Carlonda Reilly, and Michael Pici.
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Kennametal Inc. (NYSE: KMT) has been named an Edison Award finalist for its additive manufactured cutting tool with KENionic™ technology, which is 45% lighter and reduces machining time by 50%. The technology aims to enhance productivity and efficiency in precision machining for transportation applications. Award winners will be announced on April 18, 2024.
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Kennametal Inc. reported a strong second quarter with sales of $495 million and earnings per diluted share (EPS) of $0.29. The company returned approximately $31 million to shareholders through share repurchases and dividends and announced an additional share repurchase program of up to $200 million over three years. However, the company updated its full-year outlook due to softening market conditions and no recovery in China this fiscal year.
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Kennametal Inc. (KMT) will attend the Barclays Industrial Select Conference on February 21, 2024. The attendees include key executives like Patrick Watson, Sanjay Chowbey, Michael Pici, and Lori Lecker.
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Kennametal Inc. (NYSE: KMT) will host its second quarter fiscal year 2024 earnings call on February 7, 2024. The press release and presentation will be available on the Company's website before market on February 7. The conference call will feature Christopher Rossi, President and CEO, and Patrick Watson, Vice President and CFO. The call will be broadcast via real-time audio on Kennametal's investor relations website.
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FAQ

What is the current stock price of Kennametal (KMT)?

The current stock price of Kennametal (KMT) is $18.63 as of April 18, 2025.

What is the market cap of Kennametal (KMT)?

The market cap of Kennametal (KMT) is approximately 1.5B.

What are Kennametal's primary business segments?

Kennametal operates through two core segments: Metal Cutting, which focuses on the development of high-performance cutting tools, and Infrastructure, which deals with engineered wear-resistant components and coatings. These segments allow the company to serve a diverse range of industrial markets.

How does Kennametal generate revenue?

The company generates revenue primarily through the manufacture and sale of metal cutting tools and wear-resistant engineered components. It offers both standard and custom solutions that cater to various industrial applications, ensuring versatility across basic and advanced manufacturing processes.

Which industries does Kennametal serve?

Kennametal serves a broad range of industries including aerospace, energy, general engineering, transportation, and earthworks. Its solutions are integral to manufacturing processes that demand precision and durability in challenging environments.

How does the company leverage advanced materials science?

Kennametal uses advanced materials science to develop innovative wear-resistant solutions and precision cutting tools. This approach enhances operational efficiencies by increasing tool longevity and optimizing manufacturing performance.

What distinguishes Kennametal from other industrial technology manufacturers?

Kennametal distinguishes itself through its deep application knowledge, a global footprint, and a history of innovation in materials science. Its dual-segment strategy and commitment to operational excellence position it as a reliable provider of both custom and standardized solutions.

Where does Kennametal primarily operate geographically?

Kennametal has a significant global presence, with operations spanning nearly 100 countries. Its major markets include the United States, Europe, and Asia, enabling the company to provide localized support and rapid service response across diverse regions.

What role does technology and innovation play in Kennametal's strategy?

Technology and innovation are at the core of Kennametal’s strategy. By integrating state-of-the-art production practices and leveraging advanced materials, the company continuously improves its product offerings to meet the evolving demands of the manufacturing sector.

How does Kennametal support manufacturing process efficiency?

Kennametal supports manufacturing efficiency by providing high-performance, durable tools and wear-resistant components that minimize downtime and reduce maintenance costs. Its comprehensive product portfolio is designed to enhance precision and productivity across various industrial applications.
Kennametal

NYSE:KMT

KMT Rankings

KMT Stock Data

1.47B
76.31M
1.27%
113.48%
5.23%
Tools & Accessories
Machine Tools, Metal Cutting Types
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United States
PITTSBURGH