Kennametal Inc. (KMT)
Market Cap | 2.03B |
Revenue (ttm) | 2.05B |
Net Income (ttm) | 108.57M |
Shares Out | 78.67M |
EPS (ttm) | 1.35 |
PE Ratio | 19.07 |
Forward PE | 16.11 |
Dividend | $0.80 (3.11%) |
Ex-Dividend Date | May 13, 2024 |
Volume | 511,255 |
Open | 25.52 |
Previous Close | 25.45 |
Day's Range | 25.31 - 25.76 |
52-Week Range | 22.08 - 30.60 |
Beta | 1.76 |
Analysts | Sell |
Price Target | 24.00 (-6.8%) |
Earnings Date | May 8, 2024 |
About KMT
Kennametal Inc. engages in development and application of tungsten carbides, ceramics, and super-hard materials and solutions for use in metal cutting and extreme wear applications to enable customers work against corrosion and high temperatures conditions worldwide. The company operates through two segments, Metal Cutting and Infrastructure. It offers standard and custom products, including turning, milling, hole making, tooling systems, and services, as well as specialized wear components and metallurgical powders for manufacturers engaged in... [Read more]
Financial Performance
In 2023, Kennametal's revenue was $2.08 billion, an increase of 3.27% compared to the previous year's $2.01 billion. Earnings were $118.46 million, a decrease of -18.09%.
Financial StatementsAnalyst Forecast
According to 5 analysts, the average rating for KMT stock is "Sell." The 12-month stock price forecast is $24.0, which is a decrease of -6.80% from the latest price.
News
Kennametal Statement about Facility Damaged by Arkansas Tornado
PITTSBURGH , May 28, 2024 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) ("the Company") announced today that its production facility in Rogers, AR, sustained damage early Sunday morning from a tornado t...
Kennametal to Attend KeyBanc 2024 Industrials and Basic Materials Conference
PITTSBURGH, May 9, 2024 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) announced today that they will attend the KeyBanc 2024 Industrials and Basic Materials Conference in Boston. Details of the confere...
Kennametal Announces Fiscal 2024 Third Quarter Results
Strong YTD cash from operations of $163 million compared to $126 million in the prior year Earnings per diluted share (EPS) of $0.24 and adjusted EPS of $0.30 Returned approximately $31 million to sha...
Kennametal to Attend BofA Securities Transportation, Airlines and Industrial Conference 2024
PITTSBURGH , April 24, 2024 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) announced today that they will attend the BofA Securities Transportation, Airlines and Industrials Conference in New York City. ...
Kennametal to Host Earnings Conference Call & Webcast on Third Quarter Fiscal 2024 Results
PITTSBURGH , April 17, 2024 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) will host its third quarter fiscal year 2024 earnings call on Wednesday, May 8. The press release and presentation will be avai...
Kennametal Appoints Sanjay Chowbey as President & CEO effective June 1, 2024; Christopher Rossi to Retire on May 31
PITTSBURGH, March 14, 2024 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) announced today that Sanjay Chowbey, currently Vice President, Kennametal Inc. and President, Metal Cutting Segment, will succeed...
Kennametal to Attend J.P. Morgan Industrials Conference
PITTSBURGH , Feb. 21, 2024 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) announced today that they will attend the J.P. Morgan Industrials Conference in New York City.
Kennametal Innovation Recognized as Edison Award Finalist
PITTSBURGH , Feb. 8, 2024 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) announced today that it has been named an Edison Award finalist for its industry-first, additive manufactured cutting tool designe...
Kennametal Announces Fiscal 2024 Second Quarter Results and Additional $200 Million Share Repurchase Program
Earnings per diluted share (EPS) of $0.29 compared to $0.27 in the prior year quarter Strong YTD cash from operations of $88 million compared to $53 million in the prior year; highest first-half cash ...
Kennametal to Attend Barclays Industrial Select Conference
PITTSBURGH , Jan. 31, 2024 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) announced today that they will attend the Barclays Industrial Select Conference. Details of the conference are as follows: When: ...
Kennametal to Host Earnings Conference Call & Webcast on Second Quarter Fiscal 2024 Results
PITTSBURGH , Jan. 17, 2024 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) will host its second quarter fiscal year 2024 earnings call on Wednesday, February 7. The press release and presentation will be ...
Kennametal Named Among Newsweek's Most Responsible Companies
PITTSBURGH , Dec. 6, 2023 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) announced today that it has been named one of America's Most Responsible Companies 2024 by Newsweek. Ranked 70 out of 600 companie...
NEW FV GEOMETRY BY KENNAMETAL FEATURES INNOVATIVE CHIP BREAKER DESIGN
PITTSBURGH , Nov. 1, 2023 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) announced today its new FV Geometry, featuring an innovative chip breaker design that allows for a more stable, sharper cutting ed...
Kennametal Announces Fiscal 2024 First Quarter Results
Earnings per diluted share (EPS) of $0.37 compared to $0.34 in the prior year quarter Strong cash flow from operations of $26 million compared to negative $11 million in the prior year quarter Returne...
Kennametal names William M. Lambert as Chairman of the Board
PITTSBURGH , Oct. 26, 2023 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) announced today that its Board of Directors has unanimously appointed William M. Lambert as Chairman of the Board effective Novem...
KENNAMETAL INTRODUCES NEW TURNING GRADE FEATURING KENGOLD TECHNOLOGY
PITTSBURGH , Oct. 18, 2023 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) announced today its new KCU10B turning grade, an innovative update to its KCU10 platform with an enhanced KENGold™ coating techno...
KENNAMETAL LAUNCHES METAL CUTTING ROADSHOW IN NORTH AMERICA
Interactive tour takes latest technologies direct to new and existing customers PITTSBURGH , Oct. 17, 2023 /PRNewswire/ -- Aimed at bringing innovative tools directly to customers' doorsteps, Kennamet...
Kennametal to Host Earnings Conference Call & Webcast on First Quarter Fiscal 2024 Results
PITTSBURGH , Oct. 11, 2023 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) will host its first quarter fiscal year 2024 earnings call on Wednesday, November 1. The press release and presentation will be a...
KENNAMETAL EXPANDS HARVI PORTFOLIO AND PERFORMANCE WITH FIRST-EVER 8-FLUTE END MILL
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 bestse...
Kennametal Releases 2023 Environmental, Social and Governance (ESG) Report
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...
Kennametal details new multi-year growth plan at Investor Day
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 i...
Kennametal to Attend Morgan Stanley 11th Annual Laguna Conference
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:...
Kennametal Innovation Earns International Recognition as Recipient of R&D 100 Award
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...
Kennametal to Host Investor Day at the NYSE on September 8, 2023
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 F...
Kennametal Reports Fiscal 2023 and Fourth Quarter Results
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-...