Kennametal Stock Price, News & Analysis

Kennametal Inc. (NYSE: KMT) unveiled its new HARVI II TE end mill at IMTS 2024 in Chicago. This 5-flute end mill is designed for aggressive applications in general engineering, aerospace, defense, and medical sectors, offering high metal removal rates and increased versatility. The HARVI II TE features:

• Increased stability and stiffness in dynamic and traditional milling
• Capability for high-speed and deep cuts
• Novel centerless end face design for flexibility across materials
• Pairing with KCSM15A and KCPM15A for longer tool life

Kennametal is showcasing live demonstrations of HARVI portfolio end mills at IMTS 2024, along with a machine giveaway and daily prize draws.

Kennametal Inc. (NYSE: KMT) has announced its schedule for the "Metal Mania" exhibition at IMTS 2024 in Chicago, September 9-14. The company will showcase tooling solutions from brands like Kennametal®, WIDIA™, and Hanita™ through live machining demonstrations. These demos, held daily at 10AM and 2PM, will feature industry experts and Kennametal's Global Machining Technology Team.

Highlights include:

• Special guests like Titan Gilroy and Barry Setzer from Titans of CNC
• Demos on the SVM 4100 Vertical Machining Center, which will be given away at the end of the show
• Daily giveaways of custom guitars and tool boxes
• Booth location: West Building, level 3, No. 432324

Kennametal, with $2 billion in revenues for fiscal 2024, serves industries such as aerospace, defense, and transportation with materials science and tooling solutions.

Kennametal Inc. (NYSE: KMT), a leading industrial technology company, has announced its participation in the Morgan Stanley 12th Annual Laguna Conference on Thursday, September 12, 2024. The company will be represented by Patrick Watson (Vice President and CFO), Michael Pici (Vice President, Investor Relations), and Kelly Lynch (Vice President Finance, Metal Cutting Segment).

Kennametal, with over 85 years of experience, specializes in materials science, tooling, and wear-resistant solutions. The company serves customers in aerospace and defense, earthworks, energy, general engineering, and transportation sectors across nearly 100 countries. With approximately 8,400 employees, Kennametal generated $2 billion in revenues for fiscal 2024.

Kennametal Inc. (NYSE: KMT), a leading industrial technology company, has announced its participation in the Jefferies Industrial Conference in New York City on September 4, 2024. The company will be represented by key executives including Sanjay Chowbey (President and CEO), Patrick Watson (VP and CFO), and Michael Pici (VP of Investor Relations).

Kennametal, with over 85 years of experience, specializes in materials science, tooling, and wear-resistant solutions. The company serves various industries such as aerospace, defense, earthworks, energy, and transportation. With approximately 8,400 employees worldwide, Kennametal operates in nearly 100 countries and reported revenues of $2 billion in fiscal 2024.

Kennametal Inc. (NYSE: KMT) is offering attendees at the International Manufacturing Technology Show (IMTS) 2024 in Chicago the chance to win a CNC machine. The main prize, an SVM 4100 Vertical Machining Center, will come fully equipped with Kennametal tooling solutions. The company's 'Metal Mania' booth will feature:

• Daily giveaways of custom branded guitars and toolboxes
• Demonstrations by renowned machinists
• Displays of Kennametal's newest solutions for various industries

The winner of the CNC machine will be announced on September 13, 2024. Kennametal's booth aims to create a heavy metal concert experience while showcasing high-performance metal cutting solutions from brands like Kennametal®, WIDIA™, and Hanita™.

Kennametal Inc. (NYSE: KMT) reported Q4 FY2024 earnings per share (EPS) of $0.47, up from $0.45 in the prior year quarter. For the full fiscal year 2024, the company reported EPS of $1.37, compared to $1.46 in FY2023. Adjusted EPS for FY2024 was $1.50. Despite market softness and challenges, Kennametal achieved:

- Strong cash flow from operations of $277 million, the highest as a percent of sales in over 25 years
- Returned $129 million to shareholders through share repurchases ($65.4M) and dividends ($63.4M)
- Completed initial $200 million share repurchase program
- Q4 sales of $543 million, down 1% year-over-year
- FY2024 sales of $2,047 million, down 2% from prior year

The company provided outlook for Q1 FY2025 with expected sales of $480-$500 million and adjusted EPS of $0.20-$0.30. For full FY2025, Kennametal expects sales of $2.0-$2.1 billion and adjusted EPS of $1.30-$1.70.

Kennametal Inc. (NYSE: KMT) has announced the appointment of David Bersaglini as Vice President of Kennametal Inc. and President of the Metal Cutting segment, effective August 26, 2024. Bersaglini, with nearly 25 years of experience, joins from Copeland where he was Vice President and General Manager of Global Refrigeration.

Sanjay Chowbey, President and CEO of Kennametal, praised Bersaglini's strong track record in leading global industrial businesses and his ability to develop and implement strategic initiatives. Chowbey emphasized that Bersaglini's commercial expertise, growth mindset, and results orientation make him ideal for leading the Metal Cutting business.

Bersaglini will be part of the company's Executive Leadership Team, reporting directly to Chowbey, whom he succeeds as President of Metal Cutting. His role will be important in creating shareholder value through growth, margin expansion, and a balanced capital allocation strategy.

Kennametal Inc. (NYSE: KMT), a leading industrial technology company, has announced its upcoming fourth quarter and fiscal 2024 earnings call scheduled for Wednesday, August 7, 2024, at 9:30 am ET. The company will release its press release and presentation before market opening on the same day. The conference call will be hosted by Sanjay Chowbey, President and CEO, and Patrick Watson, Vice President and CFO.

Investors can access the real-time audio webcast on Kennametal's investor relations website. With over 80 years of experience, Kennametal provides materials science, tooling, and wear-resistant solutions to customers in aerospace, defense, earthworks, energy, general engineering, and transportation sectors. The company operates in nearly 100 countries, employs approximately 8,700 people, and generated $2.1 billion in revenues for fiscal 2023.

Kennametal Inc. (NYSE: KMT) announced its participation as an exhibitor at the 2024 International Manufacturing Technology Show (IMTS) in Chicago, September 9-14, 2024. The company's Metal Mania booth, inspired by their nationwide tooling truck and trailer, will be located in the West Building, Level 3, booth number 432324.

The booth aims to create a concert-like experience while showcasing high-performance metal cutting solutions. Attendees can expect to see proven tooling solutions from Kennametal®, WIDIA™, and Hanita™ brands, covering industries such as eMobility, aerospace and defense, and medical. The exhibit will feature live demonstrations, opportunities to connect with industry experts, and exclusive looks at Kennametal's latest innovations.