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Kennametal Inc. - $KMT STOCK NEWS

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. publishes fiscal year 2023 ESG report, showing progress in key areas
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.51%
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none
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Rhea-AI Summary
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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none
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Rhea-AI Summary
Kennametal Inc. has become a new NASCAR Competition Partner, supplying its precision metal cutting solutions for the development of NASCAR's Next Gen cars. The partnership allows Kennametal to showcase its capabilities and expand its reach within the motorsports industry.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.31%
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none
Rhea-AI Summary
Kennametal Inc. to attend Morgan Stanley conference on September 13, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.79%
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conferences
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Rhea-AI Summary
Kennametal Inc. wins R&D 100 Award for its innovative additive manufactured machining tool for transportation applications, boosting productivity and efficiency for customers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.8%
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Rhea-AI Summary
Kennametal Inc. (NYSE: KMT) to Host Investor Day at NYSE, President and CEO to Present Growth Strategy and Financial Targets through 2027
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.97%
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conferences
Rhea-AI Summary
Kennametal Inc. (NYSE: KMT) reported FY23 sales increased 3% YoY to $2.1 billion, with Q4 sales up 4% YoY to $550 million. FY23 EPS was $1.46 and adjusted EPS was $1.52. The company returned $114 million to shareholders and generated strong cash from operations of $258 million. FY24 Q1 sales are expected to be $485 - $510 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.22%
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Rhea-AI Sentiment
End-of-Day
0.48%
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conferences earnings
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Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.42%
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.18%
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conferences
Kennametal Inc.

NYSE:KMT

KMT Rankings

KMT Stock Data

2.07B
78.30M
1.02%
109.85%
5.64%
Machine Tool Manufacturing
Manufacturing
Link
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.