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.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Kennametal's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Kennametal's position in the market.
Rhea-AI Summary
Kennametal Inc. (NYSE: KMT) has been named one of America's Most Responsible Companies 2024 by Newsweek, ranking 70 out of 600 companies. This recognition reflects Kennametal's commitment to the environment, ethical business practices, and corporate social responsibility. The acknowledgment for the third consecutive year highlights the company's dedication to integrating environmental sustainability, social responsibility, and governance into its business.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.87%
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Kennametal Inc. announces its new FV Geometry, featuring an innovative chip breaker design for improved surface roughness and chip formation. The geometry provides enhanced performance, consistent chip control, and fewer process interruptions for tool changes. It eliminates the need to change tools for finishing operations, making it ideal for transportation and general engineering applications.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.25%
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Rhea-AI Summary
Kennametal Inc. (NYSE: KMT) reported Q1 2024 results with sales of $492 million, flat compared to the prior year quarter. Earnings per diluted share (EPS) were $0.37, an increase from $0.34 in the prior year quarter. The company returned approximately $30 million to shareholders through share repurchases and dividends. Operating income was $45 million, or 9.2% of sales, compared to $49 million, or 9.8% of sales, in the prior year quarter. The reported effective tax rate (ETR) was 21.0%, a decrease from 27.5% in the prior year quarter. Year-to-date net cash flow from operating activities was $26 million compared to negative $11 million in the prior year period.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.25%
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Kennametal Inc. appoints William M. Lambert as Chairman of the Board, effective November 1, 2023. Lambert succeeds Lawrence W. Stranghoener, in line with the company's corporate governance and succession planning process.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.49%
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Kennametal Inc. announces new KCU10B turning grade with enhanced KENGold coating technology
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-4.06%
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Kennametal Inc. is launching a nationwide tooling roadshow in North America to bring innovative tools directly to customers. The Metal Cutting Tour will showcase Kennametal tools used by NASCAR's research and development engineers and feature the company's bestselling tools and latest launches in various industries. The experience is driven by a custom-built truck and trailer that will visit shops, trade shows, and events across the country.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.36%
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Kennametal Inc. to host Q1 FY2024 earnings call on November 1
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Rhea-AI Sentiment
End-of-Day
-2.34%
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Kennametal Inc. expands its HARVI Solid Carbide End Mills line with a new 8-flute design option that increases productivity by eliminating the need for tool changes. The new end mills are versatile and can cut a range of difficult-to-machine materials. They deliver higher metal removal rates and process stability with an internal coolant supply. The launch coincides with the introduction of a new end milling grade that provides extended tool life and wear resistance.
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Rhea-AI Sentiment
End-of-Day
-0.32%
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Rhea-AI Summary
Kennametal Inc. publishes fiscal year 2023 ESG report, showing progress in key areas
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Rhea-AI Sentiment
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-1.51%
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Kennametal Inc. announces growth and innovation strategy with operational and financial targets through fiscal year 2027. Targets include 4-6% organic sales growth CAGR, 20-23% adjusted EBITDA margin, and 12-14% adjusted return on invested capital. The company also announces a $100 million cost savings initiative and commitment to balanced capital allocation strategy.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.63%
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Kennametal Inc.
NYSE:KMT
KMT Rankings
KMT Stock Data
1.95B
78.30M
1.02%
109.85%
5.64%
Machine Tool Manufacturing
Manufacturing
United States of America
PITTSBURGH
About KMT
kennametal delivers productivity to customers seeking peak performance in demanding environments by providing innovative custom and standard wear-resistant solutions. this proven productivity is enabled through our advanced materials sciences and application knowledge. our commitment to a sustainable environment provides additional value to our customers. kennametal’s portfolio of well-respected brand names and broad global presence enable us to help customers of all sizes in virtually every geography drive success at every stage of their value chain. strategically aligned across our two core businesses - industrial and infrastructure - our products and services touch nearly every manufacturing process. people around the globe can see and touch these results throughout many aspects of their day, from the light swtich they turn on to the car they drive.