Kennametal Stock Price, News & Analysis

Kennametal announced the pricing of a public offering of $300 million in 2.80% Senior Notes due March 1, 2031. The company expects to receive net proceeds by February 23, 2021, which will be used to repay its 3.875% notes due in February 2022 and for general corporate purposes. This offering is part of Kennametal's strategy to manage its debt effectively. Investors are encouraged to review the details in the SEC registration statement.

Kennametal Inc. (NYSE: KMT) reported Q2 fiscal 2021 results, showcasing a turnaround with EPS of $0.23 compared to a loss of $0.07 in the same period last year. Despite a 13% year-over-year sales decline to $441 million, sequential sales rose 10%, driven by stronger demand in Transportation and General Engineering. The company achieved $145 million in annualized savings from its modernization initiatives. Operating income improved to $19 million, marking a significant recovery from last year’s loss of $48 million. A quarterly dividend of $0.20 was also declared.

Kennametal (NYSE: KMT) will conduct its second quarter fiscal year 2021 earnings call on February 2, 2021, at 8 a.m. ET. The press release and presentation will be accessible on the company's website after market close on February 1, 2021. The call will feature insights from Chris Rossi, President and CEO, and Damon Audia, Vice President and CFO. Kennametal generated nearly $1.9 billion in revenues in fiscal 2020, serving diverse industries with innovative materials science and tooling solutions.

Kennametal Inc. (NYSE: KMT) reported a first quarter loss per diluted share of $0.26 for fiscal 2021, a decline from earnings of $0.08 in the same quarter last year. Adjusted EPS fell to $0.03 from $0.17. Sales decreased by 23% year-over-year to $400 million, despite a 6% sequential increase. Operating loss was $17 million, attributed to organic sales decline and restructuring charges totaling $29 million. The company achieved $22 million in incremental savings from modernization initiatives. No FY21 outlook provided due to market unpredictability, although capital spending remains projected at $110-$130 million.

Kennametal (NYSE: KMT) will participate in Baird's 2020 Global Industrial Virtual Conference on November 10, 2020. Key attendees include Chris Rossi, President and CEO; Damon Audia, CFO; and Kelly Boyer, VP of Investor Relations. With over 80 years in industrial technology, Kennametal focuses on materials science and productivity solutions. The company achieved nearly $1.9 billion in revenue in fiscal 2020, serving customers in various sectors worldwide.

Kennametal (NYSE: KMT) will host its first quarter fiscal year 2021 earnings call on November 3, 2020, at 8 a.m. ET. The earnings release and presentation will be available on the company's website after market close on November 2, 2020. The call will be hosted by Chris Rossi, President and CEO, and Damon Audia, Vice President and CFO.

Kennametal aims to provide insights into its financial performance and strategic direction. The company generated nearly $1.9 billion in revenues in fiscal 2020, showcasing its industrial technology leadership.

Kennametal (NYSE: KMT) will participate in the Morgan Stanley Virtual 8th Annual Laguna Conference on September 16, 2020. Attending the conference are Damon Audia, Vice President and CFO, and Kelly Boyer, Vice President of Investor Relations. With over 80 years in industrial technology, Kennametal generates nearly $1.9 billion in annual revenues, serving industries such as aerospace and energy with innovative solutions. For more information, visit www.kennametal.com.

Kennametal (NYSE: KMT) announced its participation in the Jefferies Virtual Industrials Conference on August 6, 2020. Key attendees include Chris Rossi, President and CEO, Damon Audia, CFO, and Kelly Boyer, VP of Investor Relations. With over 80 years of experience, Kennametal specializes in industrial technology, providing solutions across various sectors such as aerospace and transportation. In fiscal 2020, the company reported nearly $1.9 billion in revenues, supporting approximately 9,000 employees in over 60 countries.

Kennametal (NYSE: KMT) reported a challenging fourth quarter and fiscal 2020, with a loss per share of $0.11 compared to an EPS of $0.74 a year prior. Adjusted EPS was $0.15, down from $0.84. Fiscal 2020 saw a 21% sales decline to $1.885 billion, driven by COVID-19 impacts. The company plans to focus on operational efficiency and has accelerated restructuring, expecting annualized benefits of $65 million to $75 million. Capital spending for FY21 is projected between $110 million and $130 million. A quarterly dividend of $0.20 per share was declared, payable on August 25, 2020.