Kennametal Stock Price, News & Analysis

Kennametal reported a strong fiscal Q2 2022 with earnings per diluted share of $0.37, up from $0.23 year-over-year. Sales reached $487 million, a 10% increase driven by organic growth. Operating income surged to $48 million (9.8% of sales), boosted by positive pricing and product mix despite higher raw material costs. The company forecasts Q3 sales between $500 million and $520 million and declared a $0.20 dividend per share. Strong cash flow and a $200 million share repurchase program highlight ongoing financial strength.

Kennametal (NYSE: KMT) has announced its participation in the Baird 2021 Global Industrial Virtual Conference on November 10, 2021. Key attendees include Chris Rossi, CEO; Damon Audia, CFO; and Kelly Boyer, VP of Investor Relations. With a legacy of over 80 years, Kennametal specializes in materials science and tooling solutions, serving various sectors globally. The company reported revenue of approximately $1.8 billion in fiscal 2021, employing around 8,600 individuals across more than 60 countries.

Kennametal Inc. (KMT) reported a strong fiscal Q1 2022, with earnings per diluted share (EPS) of $0.43, rebounding from a loss of $0.26 in the prior year. Sales hit $484 million, a 21% increase driven by organic growth and currency effects. Operating income rose to $55 million, reflecting significant margin improvement. The company expects sales to increase by 9-14% in Q2, with operating leverage anticipated for the full year. A quarterly dividend of $0.20 per share was declared, payable on November 23, 2021.

Kennametal (NYSE: KMT) announced it will host its first quarter fiscal year 2022 earnings call on November 2, 2021, at 8 a.m. ET. The earnings press release and presentation will be available after market close on November 1, 2021. The call will be hosted by President and CEO Chris Rossi and Vice President and CFO Damon Audia. Investors can listen to the conference call via the company's website at www.kennametal.com. Kennametal generated approximately $1.8 billion in revenues in fiscal 2021.

Nordson Corporation (NASDAQ: NDSN) has appointed Jennifer L. McDonough as Executive Vice President, General Counsel, and Secretary, effective November 1, 2021. McDonough, previously with PPL Corporation (NYSE: PPL), brings over 20 years of legal experience, focusing on corporate governance, compliance, and mergers. CEO Sundaram Nagarajan expressed confidence in her ability to support Nordson’s strategic development. With a commitment to the NBS Next growth framework and acquisitions, McDonough aims to enhance the company's legal strategy.

Kennametal (NYSE: KMT) will participate in the Morgan Stanley Virtual Annual Laguna Conference on September 14, 2021. The event will feature key representatives including Damon Audia, Vice President and CFO, and Kelly Boyer, Vice President of Investor Relations. Kennametal, a leader in industrial technology with over 80 years of experience, reported approximately $1.8 billion in revenues for fiscal 2021, serving customers in over 60 countries. For more information, visit www.kennametal.com.

Kennametal (NYSE: KMT) announced its virtual participation in the Seaport Research Partners Annual Summer Investor Conference on August 25, 2021. The event will feature key attendees including Damon Audia, Vice President and CFO, and Ryan Mills, Manager of Investor Relations. With over 80 years of experience, Kennametal generated approximately $1.8 billion in revenues in fiscal 2021, providing advanced materials and tooling solutions across various industries, helping customers maintain efficiency and precision.

Kennametal Inc. (KMT) reported strong fourth quarter results for fiscal 2021, achieving an EPS of $0.41, up from a loss of $0.11 a year prior. Adjusted EPS rose to $0.53 compared to $0.15. For the full fiscal year, EPS was $0.65 versus a loss last year. Sales increased by 36% year-over-year to $516 million, with significant growth in General Engineering and Aerospace sectors. The company also initiated a $200 million share repurchase program, showcasing confidence in future growth. Operating income improved to $61 million, reflecting successful implementation of cost-saving measures.

Kennametal (NYSE: KMT) will participate virtually in the Jefferies Industrial Conference on August 4, 2021. The event features key executives including Chris Rossi, President and CEO; Damon Audia, Vice President and CFO; and Kelly Boyer, Vice President of Investor Relations. Kennametal, a leader in industrial technology, generated nearly $1.9 billion in revenues in fiscal 2020 and employs about 9,000 people across more than 60 countries. The conference presents an opportunity for Kennametal to engage with investors and industry stakeholders.