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.
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Kennametal Inc. (NYSE: KMT) has launched the KCP25C grade with KENGold™ coating, designed to enhance performance in steel turning applications. This innovative metal-cutting insert features improved wear resistance and higher metal removal rates, setting a new industry standard. The KCP25C grade is ideal for general-purpose applications, delivering reliable and consistent results. Key benefits include enhanced toughness, reduced chipping, and the ability to visually identify wear, thus maximizing productivity and reducing waste. Moreover, Kennametal plans to expand its offering of KCP25C inserts in various shapes and styles.
Kennametal Inc. (NYSE: KMT) has appointed Michael Pici as the new Vice President of Investor Relations, effective immediately. Pici, who has over 30 years of experience in investor relations and financial analysis, replaces Kelly Boyer, who will transition into a new role within the company. Pici previously served as Vice President, Investor Relations at Perspecta and holds an MBA in financial management. He will report to Patrick Watson, the CFO. Kennametal continues to focus on delivering productivity through industrial technology, having generated $2 billion in revenues in fiscal 2022.
Kennametal Inc. (KMT) reported Q2 fiscal 2023 results with sales of $497 million, a 2% year-over-year increase. Organic growth was 11%, though negatively impacted by currency exchange and business days effects. The earnings per diluted share (EPS) declined to $0.27 from $0.37 in the previous year. Operating income fell to $35 million (7.1% margin) due to increased raw material costs, inflation, and currency effects. The company returned $27 million to shareholders through dividends and share buybacks. For Q3, sales are expected between $520-$540 million with adjusted EPS projected at $1.30-$1.70.
Kennametal Inc. (NYSE: KMT) is set to host its second quarter fiscal year 2023 earnings call on February 7, 2023, at 8 a.m. ET. The related press release and presentation will be available on the Company's website after market close on February 6, 2023. The call will be led by Christopher Rossi, President and CEO, and Patrick Watson, Vice President and CFO. Kennametal, a leader in industrial technology for over 80 years, reported $2 billion in revenues for fiscal 2022, serving customers across various industries globally.
Kennametal Inc. (NYSE: KMT) has elected Paul Sternlieb to its Board of Directors, effective January 1, 2023. Sternlieb, the current President and CEO of Enerpac Tool Group, brings over 25 years of leadership experience in industrial sectors. His background includes roles at JBT Corporation, ITW, Danaher, H.J. Heinz, and McKinsey & Company. The company, known for its productivity solutions across various industries, generated $2 billion in revenues in fiscal 2022. Sternlieb's insights are anticipated to support Kennametal's growth strategy.
Kennametal Inc. (NYSE: KMT) will participate in a Non-Deal Roadshow hosted by KeyBanc on December 8-9, 2022. Key executives attending include Patrick Watson, Chief Financial Officer; Franklin Cardenas, President of the Infrastructure Business Segment; and Kelly Boyer, Vice President of Investor Relations. Kennametal has over 80 years of experience in industrial technology, focusing on materials science and tooling solutions. In fiscal 2022, the company generated $2 billion in revenues.
Kennametal has expanded its Innovations series of metal cutting tools with new products aimed at enhancing machining efficiency across various sectors, including electric vehicles and aerospace. Key updates include the new KenTIP FS modular drill platform, Kenna Universal Drill upgrades, and the introduction of the KenReam S for high-performance reaming. The lineup also features new dynamic milling tools and advanced boring bars designed for superior accuracy. These innovations are intended to address challenging machining tasks and improve productivity for customers.
Kennametal reported fiscal 2023 Q1 earnings with sales of $495 million, a 2% year-over-year increase, driven by 9% organic growth despite a 7% negative foreign currency effect. EPS declined to $0.34 from $0.43 in the prior year. Operating income fell to $49 million, reflecting increased raw material costs and supply chain disruptions. The company returned approximately $36 million to shareholders in share repurchases and dividends. Guidance for Q2 sales estimates is $480 - $500 million with an expected annual sales range of $2.0 - $2.08 billion.
Kennametal Inc. (NYSE: KMT) has announced its participation in the Baird 2022 Global Industrial Conference on November 9, 2022. Key executives attending include President Christopher Rossi, CFO Patrick Watson, and Investor Relations VP Kelly Boyer. With over 80 years of experience, Kennametal is a leader in industrial technology, providing material science and tooling solutions that enhance productivity across various sectors, generating $2 billion in revenue for fiscal 2022. For more details, visit www.kennametal.com.