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 an industrial technology company in machine tool manufacturing that regularly issues news on its operations, financial performance and strategic initiatives. The company describes its focus as delivering productivity through materials science, tooling and wear-resistant solutions for customers in aerospace and defense, earthworks, energy, general engineering and transportation.
This news page aggregates press releases and third-party coverage related to Kennametal. Readers can find updates on quarterly and annual earnings, including segment sales for Metal Cutting and Infrastructure, operating income trends, restructuring savings and geographic sales data. Kennametal frequently announces the timing of its earnings conference calls and webcasts, along with presentations and materials made available to investors.
In addition to financial results, Kennametal’s news includes information about collaborations and technology integrations. For example, the company has announced an integration of Kennametal tooling data with Hexagon’s cloud-based Tool Library and WORKNC CAM software, supporting digital tooling data, realistic 3D models and smart assemblies for thousands of tools. Such releases illustrate how Kennametal connects its tooling expertise with digital manufacturing workflows.
Investors and industry followers will also see announcements about Kennametal’s participation in major industrials and materials conferences hosted by firms such as Goldman Sachs, UBS, Morgan Stanley and Jefferies. Other items include recognition from key customers, such as being named among Caterpillar’s top indirect suppliers, and Board or governance updates disclosed through Form 8-K filings.
By reviewing the KMT news feed on this page, users can monitor how Kennametal communicates its financial performance, cost structure initiatives, portfolio optimization actions, capital allocation decisions and technology partnerships over time.
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.
Kennametal Inc. (NYSE: KMT), a leading industrial technology company, has announced its participation in the Morgan Stanley 12th Annual Laguna Conference on Thursday, September 12, 2024. The company will be represented by Patrick Watson (Vice President and CFO), Michael Pici (Vice President, Investor Relations), and Kelly Lynch (Vice President Finance, Metal Cutting Segment).
Kennametal, with over 85 years of experience, specializes in 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. With approximately 8,400 employees, Kennametal generated $2 billion in revenues for fiscal 2024.
Kennametal Inc. (NYSE: KMT), a leading industrial technology company, has announced its participation in the Jefferies Industrial Conference in New York City on September 4, 2024. The company will be represented by key executives including Sanjay Chowbey (President and CEO), Patrick Watson (VP and CFO), and Michael Pici (VP of Investor Relations).
Kennametal, with over 85 years of experience, specializes in materials science, tooling, and wear-resistant solutions. The company serves various industries such as aerospace, defense, earthworks, energy, and transportation. With approximately 8,400 employees worldwide, Kennametal operates in nearly 100 countries and reported revenues of $2 billion in fiscal 2024.
Kennametal Inc. (NYSE: KMT) is offering attendees at the International Manufacturing Technology Show (IMTS) 2024 in Chicago the chance to win a CNC machine. The main prize, an SVM 4100 Vertical Machining Center, will come fully equipped with Kennametal tooling solutions. The company's 'Metal Mania' booth will feature:
- Daily giveaways of custom branded guitars and toolboxes
- Demonstrations by renowned machinists
- Displays of Kennametal's newest solutions for various industries
The winner of the CNC machine will be announced on September 13, 2024. Kennametal's booth aims to create a heavy metal concert experience while showcasing high-performance metal cutting solutions from brands like Kennametal®, WIDIA™, and Hanita™.
Kennametal Inc. (NYSE: KMT) reported Q4 FY2024 earnings per share (EPS) of $0.47, up from $0.45 in the prior year quarter. For the full fiscal year 2024, the company reported EPS of $1.37, compared to $1.46 in FY2023. Adjusted EPS for FY2024 was $1.50. Despite market softness and challenges, Kennametal achieved:
- Strong cash flow from operations of $277 million, the highest as a percent of sales in over 25 years
- Returned $129 million to shareholders through share repurchases ($65.4M) and dividends ($63.4M)
- Completed initial $200 million share repurchase program
- Q4 sales of $543 million, down 1% year-over-year
- FY2024 sales of $2,047 million, down 2% from prior year
The company provided outlook for Q1 FY2025 with expected sales of $480-$500 million and adjusted EPS of $0.20-$0.30. For full FY2025, Kennametal expects sales of $2.0-$2.1 billion and adjusted EPS of $1.30-$1.70.
Kennametal Inc. (NYSE: KMT) has announced the appointment of David Bersaglini as Vice President of Kennametal Inc. and President of the Metal Cutting segment, effective August 26, 2024. Bersaglini, with nearly 25 years of experience, joins from Copeland where he was Vice President and General Manager of Global Refrigeration.
Sanjay Chowbey, President and CEO of Kennametal, praised Bersaglini's strong track record in leading global industrial businesses and his ability to develop and implement strategic initiatives. Chowbey emphasized that Bersaglini's commercial expertise, growth mindset, and results orientation make him ideal for leading the Metal Cutting business.
Bersaglini will be part of the company's Executive Leadership Team, reporting directly to Chowbey, whom he succeeds as President of Metal Cutting. His role will be important in creating shareholder value through growth, margin expansion, and a balanced capital allocation strategy.