Kennametal Named Among Top of Caterpillar Inc's 2024 Indirect Suppliers
Rhea-AI Summary
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.
Positive
- Recognition as top supplier by major customer Caterpillar Inc
- Successful support in launching Cat C27B and C32 cylinder heads
- $2 billion in annual revenues
- Global presence in nearly 100 countries
Negative
- None.
News Market Reaction – KMT
In the trading session that priced this news, KMT gained 0.10%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Key drivers of this recognition include Kennametal's exceptional support in the successful launch of the Cat C27B and C32 cylinder heads at its
"We are incredibly proud to be recognized as one of Cat's top suppliers," said Dave Bersaglini, President of Kennametal's Metal Cutting segment. "This acknowledgment is a testament to the hard work, expertise, and customer-first approach that our teams deliver every day. At Kennametal, we are committed to delivering value for our customers by providing advanced solutions and ensuring seamless execution at every step."
About Kennametal
With over 85 years as an industrial technology leader, Kennametal Inc. delivers productivity to customers through materials science, tooling and wear-resistant solutions. Customers across aerospace and defense, earthworks, energy, general engineering and transportation turn to Kennametal to help them manufacture with precision and efficiency. Every day approximately 8,400 employees are helping customers in nearly 100 countries stay competitive. Kennametal generated
View original content to download multimedia:https://www.prnewswire.com/news-releases/kennametal-named-among-top-of-caterpillar-incs-2024-indirect-suppliers-302303834.html
SOURCE Kennametal Inc.