KMT Stock Recent News

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PITTSBURGH , June 11, 2024 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) ("the Company") announced today that it has resumed operations at its facility in Rogers, AR, following a previous shutdown due to damage from a tornado on May 26. "The restart of our Rogers facility is a testament to the great teamwork of our local team and the tremendous support and coordination of expert resources across the entire organization," said Sanjay Chowbey, President and CEO of Kennametal Inc. "Our team worked around the clock to ensure operations could resume safely and we continue to take important steps forward every day to meet customers' expectations.

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 that also affected the larger Rogers community. At the time of the storm, the facility was shut down for the holiday weekend and no employees were onsite.

Kennametal's (KMT) fiscal third-quarter 2024 revenues decrease 3.8% due to the lackluster performance of the Metal Cutting segment.

The headline numbers for Kennametal (KMT) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Kennametal (KMT) came out with quarterly earnings of $0.30 per share, missing the Zacks Consensus Estimate of $0.31 per share. This compares to earnings of $0.39 per share a year ago.

Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Kennametal (KMT), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended March 2024.

Kennametal (KMT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

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 available on the Company's website before market on May 8.

Kennametal (KMT) is set to benefit from the solid momentum in the Metal Cutting segment and innovation capabilities. However, weakness in the Infrastructure segment remains a concern.