Kennametal

Kennametal, Inc. engages in the development and application of tungsten carbides, ceramics, and solutions used in metal cutting and extreme wear applications. It operates through the following segments: Metal Cutting and Infrastructure. The Metal Cutting segment develops and manufactures tooling and metal cutting products and services and offers an assortment of standard and custom metal cutting solutions to diverse end markets, including aerospace, general engineering, energy and transportation. The Infrastructure segment produces engineered tungsten carbide and ceramic components, earth-cutting tools, and advanced metallurgical powders, primarily for the energy, earthworks and general engineering end markets. The company was founded by Philip M. McKenna in 1938 and is headquartered in Pittsburgh, PA.

Earnings data Q4 2023

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Kennametal, Inc. engages in the manufacturing of tungsten carbide metal cutting tooling. It operates through the Metal Cutting and Infrastructure segments. The Metal Cutting segment develops and manufactures tooling and metal cutting products and services. The Infrastructure segment produces engineered tungsten carbide and ceramic components, earth-cutting tools, and advanced metallurgical powders. The company was founded by Philip M. McKenna in 1938 and is headquartered in Pittsburgh, PA.

HARVI IV requires no stops for tool changes, increasing productivity for customers PITTSBURGH , Oct. 2, 2023 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) announced today that it has expanded its bestselling and best performing line of HARVI™ Solid Carbide End Mills with a new 8-flute design option that requires zero stops for tool changes. The new HARVI™ IV 8-Flute End Mill is a high-performance and versatile solution for machinists in aerospace and defense, medical, energy and general engineering applications that require maximum output when cutting a range of difficult-to-machine materials.

KENNAMETAL EXPANDS HARVI PORTFOLIO AND PERFORMANCE WITH FIRST-EVER 8-FLUTE END MILL

Kennametal (KMT) benefits from strength in the general engineering and energy end markets within the Metal Cutting segment. Kennametal's measures to reward its shareholders are encouraging.

Here's Why Investors Should Retain Kennametal (KMT) Stock Now

Cites continued progress across key focus areas PITTSBURGH , Sept. 12, 2023 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) today announced that is has published its fiscal year 2023 Environmental, Social, Governance (ESG) report.

Kennametal Releases 2023 Environmental, Social and Governance (ESG) Report

Kennametal (KMT) plans to shut down three to five plants and reduce inventory levels as part of its $100 million cost-reduction program.

Kennametal (KMT) Announces $100M Cost-Reduction Program

Company provides updates on growth, margin expansion and innovation initiatives  PITTSBURGH , Sept. 8, 2023 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) (the "Company") today announced its growth and innovation strategy and outlined operational and financial targets through fiscal year 2027.

Kennametal details new multi-year growth plan at Investor Day

Kennametal (KMT) reported earnings 30 days ago. What's next for the stock?

Why Is Kennametal (KMT) Down 6.5% Since Last Earnings Report?

PITTSBURGH , Aug. 28, 2023 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) announced today that they will attend the Morgan Stanley 11th Annual Laguna Conference. Details of the conference are as follows: When: Wednesday, September 13, 2023 Attendees: Christopher Rossi, President and Chief Executive OfficerPatrick Watson, Vice President and Chief Financial OfficerMichael Pici, Vice President, Investor Relations About Kennametal With over 80 years as an industrial technology leader, Kennametal Inc. delivers productivity to customers through materials science, tooling and wear-resistant solutions.

Kennametal to Attend Morgan Stanley 11th Annual Laguna Conference

PITTSBURGH , Aug. 22, 2023 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) announced today that it has been named a winner of a prestigious R&D 100 Award for its innovative additive manufactured machining tool for large engine and transmission housings in transportation, including electric vehicles, made with new KENionic™ technology. "This is an outstanding example of our industry-leading expertise in materials science, precision machining, bionics-inspired design and additive manufacturing that fuels Kennametal's innovation," said Dr. Carlonda Reilly, Vice President and Chief Technology Officer.

Kennametal Innovation Earns International Recognition as Recipient of R&D 100 Award

Kennametal (KMT) is expected to benefit from strength in its aerospace and defense, general engineering, and energy end markets. However, cost inflation is concerning.

Kennametal (KMT) Banks on End-Market Strength Amid Cost Woes

PITTSBURGH , Aug. 14, 2023 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) (the "Company") announced today that it will host an Investor Day for the financial community at the New York Stock Exchange on Friday, September 8, 2023. President and Chief Executive Officer Christopher Rossi and key members of the Executive Management Team will present information regarding the Company's growth and innovation strategy and outline the medium-term operational and financial targets through fiscal year 2027.

Kennametal to Host Investor Day at the NYSE on September 8, 2023

Kennametal's (KMT) fiscal fourth-quarter 2023 operating margin decrease 160 bps year over year due to high raw material costs, wages and lower sales volumes in the Infrastructure segment.

Kennametal (KMT) Q4 Earnings Miss Estimates, Revenues Up Y/Y

Kennametal Inc. (NYSE:KMT ) Q4 2023 Earnings Conference Call August 1, 2023 8:00 AM ET Company Participants Michael Pici - VP-IR Chris Rossi - President and CEO Pat Watson - VP and CFO Conference Call Participants Kiran Patel-O'Connor - Barclays Steve Barger - KeyBanc Capital Markets Operator Good morning. I would like to welcome everyone to Kennametal's Fourth Quarter Fiscal 2023 Earnings Conference Call.

Kennametal Inc. (KMT) Q4 2023 Earnings Call Transcript

While the top- and bottom-line numbers for Kennametal (KMT) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Compared to Estimates, Kennametal (KMT) Q4 Earnings: A Look at Key Metrics

Kennametal (KMT) came out with quarterly earnings of $0.51 per share, missing the Zacks Consensus Estimate of $0.61 per share. This compares to earnings of $0.53 per share a year ago.

Kennametal (KMT) Q4 Earnings and Revenues Miss Estimates

FY23 sales increased 3 percent year-over-year to $2.1 billion; 9 percent on an organic basis FY23 earnings per diluted share (EPS) of $1.46 and adjusted EPS of $1.52 Q4 sales increased 4 percent year-over-year to $550 million; 7 percent on an organic basis Returned $114 million to shareholders in FY23; $49 million in share repurchases and $65 million in dividends Strong cash from operations of $258 million and FOCF of $169 million; highest FOCF in the last eight years Provides FY24 Q1 and annual Outlook PITTSBURGH , Aug. 1, 2023 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT ) (the "Company") today announced fourth quarter and fiscal 2023 results. For the fourth quarter, the Company reported earnings per diluted share (EPS) of $0.45, compared with $0.50 in the prior year quarter.

Kennametal Reports Fiscal 2023 and Fourth Quarter Results

Kennametal is expected to announce its Q4 2023 financial results soon; despite mixed financial performance, the company's overall performance has exceeded the broader market. The company's revenue increased by 3.1% in the first nine months of the fiscal year, driven by strong aerospace revenue and strength in the oil and gas market; however, profitability dipped due to higher costs and inflation. Shares are attractively priced heading into earnings, even with the firm facing some issues.

Kennametal Q4 Earnings Preview: Attractively Priced As Earnings Near

PITTSBURGH , July 11, 2023 /PRNewswire/ -- Kennametal Inc. (NYSE:  KMT) will host its fourth quarter fiscal year 2023 earnings call on Tuesday, August 1, 2023.  The press release and presentation will be available on the Company's website before market on August 1.

Kennametal to Host Earnings Conference Call & Webcast on Fourth Quarter Fiscal 2023 Results

Kennametal (KMT) stands to gain from strength in its Metal Cutting and Infrastructure segments. The company's measures to reward its shareholders are also encouraging.

Here's Why You Should Hold on to Kennametal (KMT) Stock Now

nVent Electric plc

Ryerson Hld

KMT, RYI and NVT made it to the Zacks Rank #1 (Strong Buy) income stocks list on June 28, 2023.

Best Income Stocks to Buy for June 28th

Engie SA

Greif

ENGIY, GEF and KMT made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on June 23, 2023.

Best Momentum Stock to Buy for June 23rd

Clorox

CLX, GEF and KMT made it to the Zacks Rank #1 (Strong Buy) income stocks list on June 23, 2023.

Best Income Stocks to Buy for June 23rd

Does Kennametal (KMT) have what it takes to be a top stock pick for momentum investors? Let's find out.

Kennametal (KMT) is a Great Momentum Stock: Should You Buy?

Lincoln Electric Hlds

Stanley Black & Decker

Improving supply chains favor the Zacks Manufacturing-Tools & Related Products industry's near-term prospects. SWK, LECO and KMT are well-positioned to capitalize on this upbeat scenario.

3 Stocks to Watch From the Buoyant Manufacturing Tools Industry

Bridgestone Corp

InterDigital

KMT, BRDCY and IDCC made it to the Zacks Rank #1 (Strong Buy) income stocks list on June 15, 2023.

Best Income Stocks to Buy for June 15th

KMT, GEF and AGESY made it to the Zacks Rank #1 (Strong Buy) income stocks list on June 13, 2023.

News for Kennametal Stock (KMT)