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Kennametal (KMT) Reports Q3 Earnings: What Key Metrics Have to Say
Zacks Investment Research· 2024-05-08 14:36
For the quarter ended March 2024, Kennametal (KMT) reported revenue of $515.79 million, down 3.8% over the same period last year. EPS came in at $0.30, compared to $0.39 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $522.04 million, representing a surprise of -1.20%. The company delivered an EPS surprise of -3.23%, with the consensus EPS estimate being $0.31.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how ...
Kennametal (KMT) Q3 Earnings and Revenues Miss Estimates
Zacks Investment Research· 2024-05-08 12:41
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. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -3.23%. A quarter ago, it was expected that this engineered products maker would post earnings of $0.25 per share when it actually produced earnings of $0.30, delivering a surprise of 20%.Over the last four quarters, the ...
Kennametal(KMT) - 2024 Q3 - Quarterly Results
2024-05-08 10:44
Exhibit 99.1 FOR IMMEDIATE RELEASE: DATE: May 8, 2024 Investor Relations Media Relations CONTACT: Michael Pici CONTACT: Lori Lecker PHONE: 412-790-0792 PHONE: 412-248-8224 michael.pici@kennametal.com lori.lecker@kennametal.com 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 shareholders; $15 million i ...
Unveiling Kennametal (KMT) Q3 Outlook: Wall Street Estimates for Key Metrics
Zacks Investment Research· 2024-05-07 14:20
In its upcoming report, Kennametal (KMT) is predicted by Wall Street analysts to post quarterly earnings of $0.31 per share, reflecting a decline of 20.5% compared to the same period last year. Revenues are forecasted to be $522.04 million, representing a year-over-year decrease of 2.6%.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Before a ...
Earnings Preview: Kennametal (KMT) Q3 Earnings Expected to Decline
Zacks Investment Research· 2024-05-01 15:05
Wall Street expects a year-over-year decline in earnings on lower revenues when Kennametal (KMT) reports results for the quarter ended March 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 8. On the oth ...
Kennametal to Attend BofA Securities Transportation, Airlines and Industrial Conference 2024
Prnewswire· 2024-04-24 10:30
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. Details of the conference are as follows: When: May 15, 2024 Attendees: Patrick Watson, Vice President and Chief Financial Officer Michael Pici, Vice President, Investor Relations John Witt, Vice President Finance and Corporate Controller About KennametalWith over 80 years as an indus ...
Kennametal to Host Earnings Conference Call & Webcast on Third Quarter Fiscal 2024 Results
Prnewswire· 2024-04-17 10:30
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.  Details of the conference call and webcast are as follows: When: Wednesday, May 8, 2024, at 9:30 am ET Hosts: Christopher Rossi, President and CEO Patrick Watson, Vice President and CFO Webcast: The conference call will be broadcast ...
Kennametal (KMT) Exhibits Strong Prospects Despite Headwinds
Zacks Investment Research· 2024-04-10 17:31
Kennametal Inc. (KMT) is gaining from solid product offerings, commercial and operational excellence and a wide geographical presence. Its Metal Cutting segment is benefiting from strength in the transportation, general engineering and aerospace and defense end markets. Also, its strategic initiatives, innovation and operational excellence bode well. Within the segment, general engineering end-market revenues benefited from increased industrial activity in the Americas region.KMT is likely to benefit from i ...
Kennametal(KMT) - 2024 Q2 - Quarterly Report
2024-02-07 20:57
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: December 31, 2023 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF ☐ 1934 For the transition period from _______ to _______ Commission file number 1-5318 KENNAMETAL INC. (Exact name of registrant as specified in its charter) Pennsylvania 25-0900168 (Stat ...
Kennametal(KMT) - 2024 Q2 - Earnings Call Transcript
2024-02-07 20:26
Kennametal Inc. (NYSE:KMT) Q2 2024 Results Conference Call February 7, 2024 9:30 AM ET Company Participants Michael Pici - Vice President of Investor Relations Christopher Rossi - President and Chief Executive Officer Pat Watson - Vice President and Chief Financial Officer Sanjay Chowbey - Vice President and President of Metal Cutting Conference Call Participants Steve Volkmann - Jefferies. Steven Fisher - UBS Julian Mitchell - Barclays Tami Zakaria - JPMorgan Michael Feniger - Bank of America Steve Barger ...