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Kennametal Inc   (KMT)
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Price: $23.9300 $-0.09 -0.375%
Day's High: $24.44 Week Perf: -4.32 %
Day's Low: $ 23.90 30 Day Perf: -1.97 %
Volume (M): 1,334 52 Wk High: $ 30.60
Volume (M$): $ 31,932 52 Wk Avg: $25.72
Open: $23.93 52 Wk Low: $22.07



 Market Capitalization (Millions $) 1,917
 Shares Outstanding (Millions) 80
 Employees 12,700
 Revenues (TTM) (Millions $) 2,074
 Net Income (TTM) (Millions $) 126
 Cash Flow (TTM) (Millions $) 14
 Capital Exp. (TTM) (Millions $) 101

Kennametal Inc

rom its founding in 1938, the McKenna family incorporated Kennametal Inc. in Pennsylvania in 1943. As a global industrial leader, Kennametal delivers productivity solutions to customers seeking peak performance in demanding environments. The Company provides innovative wear-resistant products, application engineering and services backed by advanced material science serving customers across diverse sectors of industrial production, transportation, earthworks, energy, infrastructure and aerospace. Kennametal solutions are built around industry-essential technology platforms, including precision-engineered metalworking tools and components, surface technologies and earth cutting tools that are mission-critical to customer operations battling extreme conditions associated with wear fatigue, corrosion and high temperatures. The Company’s reputation for material and industrial technology excellence, as well as expertise and innovation in the development of custom solutions and services, contributes to its leading position in its primary industrial and infrastructure markets. End users of the Company’s products include manufacturers, metalworking suppliers, machinery operators and processors engaged in a diverse array of industries, including the manufacture of transportation vehicles and systems; machine tool, light machinery and heavy machinery industries; airframe and aerospace components and systems, defense; as well as producers and suppliers in equipment-intensive operations such as coal mining, road construction, quarrying, oil and gas exploration, refining, production and supply.

Our product offering includes a wide selection of standard and customized technologies for metalworking, such as sophisticated metal cutting tools, tooling systems and services, as well as advanced, high-performance materials, such as cemented tungsten carbide products, super alloys, coatings and investment castings to address customer demands. We offer these products through a variety of channels to meet customer-specified needs. We are a leading global supplier of tooling, engineered components and advanced materials consumed in production processes. We believe we are one of the largest global providers of consumable metal cutting tools and tooling supplies.

The Company manages and reports its business in the following two segments: Industrial and Infrastructure. The Companys reportable operating segments have been determined in accordance with the Companys internal management structure, which is organized based on operating activities, the manner in which we organize segments for making operating decisions and assessing performance and the availability of separate financial results.


We specialize in developing and manufacturing metalworking tools and wear-resistant engineered components and coatings using a specialized type of powder metallurgy. Our metalworking tools are made of cemented tungsten carbides, ceramics, cermets and super-hard materials. We also manufacture and market a complete line of tool holders, tool-holding systems and rotary-cutting tools by machining and fabricating steel bars and other metal alloys. In addition, we produce specialized compacts and metallurgical powders, as well as products made from tungsten carbide or other hard materials that are used for custom-engineered and challenging applications, including mining and highway construction, among others. Further, we develop, manufacture and market engineered components and surface technology solutions with proprietary metal cladding capabilities, as well as process technology and materials that focus on component deburring, polishing and effecting controlled radii.



   Company Address: 525 William Penn Place Pittsburgh, 15219 PA
   Company Phone Number: 248-8000   Stock Exchange / Ticker: NYSE KMT
   


   

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Personnel Announcements

Sanjay Chowbey Appointed as President & CEO of Kennametal Inc, Christopher Rossi to Retire

Published Thu, Mar 14 2024 8:05 PM UTC



Kennametal Inc., a global leader in material science solutions and industrial tooling, recently announced that Sanjay Chowbey will take over as the new President and Chief Executive Officer, effective June 1st, 2024. Chowbey, currently serving as the Vice President of Kennametal Inc. and President of the Metal Cutting Segment, will succeed Christopher Rossi, who h...

Kennametal Inc

Kennametal Inc Fights Back: Overcomes Revenue Setback with Impressive Earnings Growth



The Industrial Machinery and Components company faced a challenging fiscal period from October to December 31, 2023. While their revenue experienced a decline, the company managed to achieve growth in earnings per share, showcasing resilience in uncertain market conditions. This article will explore the latest financial figures, examine interesting facts, and shed light on the company's performance in both earnings and revenue.
Earnings Per Share and Income Per Share Advancements:
Amidst a backdrop of falling revenue, the Industrial Machinery and Components company reported a positive development in earnings per share. Income per share advanced by an impressive 7.41%, reaching $0.29 per share. This growth demonstrates the company's ability to maximize its earnings efficiency, even during a challenging fiscal period. In the previous reporting season, income faded from $0.37 per share, indicating the fluctuations experienced by the company.

Kennametal Inc

Breaking down Q1 2024 performance: Company revenues show minimal decline year on year

Kennametal Inc: Weathering the Storm and Positioning for Growth
Despite facing several challenges in the financial period ending September 30, 2023, Kennametal Inc (KMT) demonstrated resilience and managed to improve its earnings per share (EPS). While revenue experienced a slight decline, KMT's income per share increased by a remarkable 8.82% to $0.37. This positive development indicates that the company has effectively navigated through the difficulties it faced.
Comparing the current reporting season with the previous one, we notice a decline in profits from $0.45 per share, and revenue deteriorated by -10.497% from $550.24 million. However, it is important to note that the decline seen in the financial period ending September 30, 2023, was significantly less severe than in the previous reporting season.

Kennametal Inc

Kennametal Inc Sees Modest 3.815% Revenue Surge in Q4 2023 Amid Industry Slump

Kennametal Inc, a leading industrial machinery and components company, recently announced its financial results for the period ending June 30, 2023. Despite experiencing an increase in revenue, the company reported a decline in earnings per share (EPS). Revenue rose by 3.815% to $550.24 million, compared to $530.02 million in the same period last year. However, profits decreased by 9.92% to $0.45 per share, whereas the income per share was $0.50 in the previous financial interval ending June 30, 2022.
In comparison to other companies in the industrial machinery and components industry, Kennametal's growth rate was lower than the industry average of 7.08% for the same period. In its previous reporting season, Kennametal achieved revenue of $536.04 million and a bottom line of $0.39 per share. Net profits for the financial fourth quarter of 2023 decreased by 11.92% to $37.739 million, compared to $42.846 million in the corresponding period a year ago.

Kennametal Inc

Kennametal Inc declared a simple revenue rise, amid the fiscal third quarter of 2023

Kennametal Inc is a publicly traded manufacturing company that produces materials for metalworking, specifically for cutting, drilling, and milling. The company was founded in 1938 and is headquartered in Pennsylvania, USA. With a global presence spanning over 60 countries and more than 11,000 employees, Kennametal Inc is a significant player in the industry.
The financial time-frame closing March 31, 2023, saw Kennametal Inc experience a decline in earnings per share (EPS) despite experiencing an increase in revenue. The revenue witnessed a year-over-year growth of 4.642% from $512.26 million to $536.04 million, whereas the income per share fell by 7.14% to $0.39 from $0.42 in the same period in the previous year. The net earnings also decreased by 10.34% from $36.878 million to $33.066 million during the same period.






 

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