Kennametal Stock Price, News & Analysis

Kennametal Inc. (NYSE: KMT) has appointed Sanjay Chowbey as President of Metal Cutting, effective June 14, 2021. Chowbey brings over 20 years of experience from companies like Flowserve and Danaher, enhancing the firm's strategic initiatives in Metal Cutting. Christopher Rossi, President and CEO, highlighted Chowbey's expertise in sales, marketing, and operations as vital for transforming the Metal Cutting segment and improving financial performance. Kennametal generated nearly $1.9 billion in revenues in fiscal 2020, serving clients in over 60 countries.

Kennametal (NYSE: KMT) will participate in the Goldman Sachs Industrials & Materials Conference on May 12, 2021. Key representatives include Damon Audia, VP and CFO, and Kelly Boyer, VP of Investor Relations. This event underscores Kennametal's commitment to engaging with investors and stakeholders. The company, a leader in industrial technology for over 80 years, reported nearly $1.9 billion in fiscal 2020 revenues and supports industries like aerospace and energy.

Kennametal Inc. (NYSE: KMT) reported fiscal 2021 Q3 results, achieving an EPS of $0.26, compared to $0.03 last year, though adjusted EPS fell to $0.32 from $0.46. Sales rose 10% sequentially to $485 million, with improvements noted across various sectors, despite ongoing supply chain challenges. Adjusted operating margins increased by 330 basis points. The company anticipates mid-single-digit sales growth for Q4 and ongoing cost-saving progress, expecting to reach $180 million in annualized savings from modernization efforts.

Kennametal (NYSE: KMT) will host its third quarter fiscal year 2021 earnings call on May 4, 2021, at 8 a.m. ET. The release and presentation will be available after market close on May 3, 2021. The conference will be led by President and CEO Chris Rossi and Vice President and CFO Damon Audia. The call can be accessed via a real-time audio webcast on the Kennametal website. The company generated nearly $1.9 billion in revenues in fiscal 2020 and has over 9,000 employees supporting customers in more than 60 countries.

Kennametal (NYSE: KMT) will participate in the JP Morgan Industrials Conference on March 16, 2021. The event will feature key figures such as Damon Audia, CFO, and Kelly Boyer, VP of Investor Relations. A slide deck from the presentation will be accessible on www.kennametal.com after the event. Kennametal is an industrial technology leader with over 80 years of experience, generating nearly $1.9 billion in revenues in fiscal 2020, serving customers worldwide.

Kennametal announced its participation in the virtual Barclays Industrial Select Conference on February 17, 2021. Key representatives from the company, including Damon Audia, Vice President and Chief Financial Officer, and Kelly Boyer, Vice President of Investor Relations, will be in attendance. Kennametal, a leader in industrial technology for over 80 years, generated nearly $1.9 billion in revenues in fiscal 2020 and serves customers in over 60 countries. This conference provides an opportunity for investors to engage with Kennametal's leadership.

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.