Machining center to come complete with exclusive Kennametal tooling PITTSBURGH, Aug. 13, 2024 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT), an industrial technology leader, announced today that it will be giving attendees at the International Manufacturing Technology Show (IMTS), at McCormick Place in Chicago, September 9-14, 2024, the opportunity to take home a variety of prizes, including a CNC machine. The SVM 4100 Vertical Machining Center is the largest of the Kennametal giveaways at its Metal Mania boo ...

International Operations - Kennametal generated 60% of its consolidated sales from international markets, with significant operations in Western Europe, China, and India[9] - In 2024, 60% of the company's consolidated sales were derived from non-U.S. markets, highlighting its international operational exposure[25] Business Combinations and Goodwill - The company completed an immaterial business combination in 2024 for approximately $6.5 million, resulting in goodwill of about $3.8 million recorded in the Metal Cutting segment[9] - Goodwill totaled $271.6 million, representing 11% of total assets as of June 30, 2024, indicating potential impairment risks[29] Workforce and Employee Engagement - As of June 30, 2024, Kennametal employed 8,447 people, with approximately 8,400 being full-time employees[12] - As of June 30, 2024, the company had 1,572 female employees, representing 18.6% of the total workforce of 8,447, unchanged from 2023[15] - The percentage of women in leadership roles as of June 30, 2024, was 20.0% on the Board of Directors, 50.0% in Executive roles, 20.8% in Senior Leadership, and 18.0% in Senior Management[16] - Over 3,400 employees accessed the OneTeam learning management system in 2024, completing over 14,500 courses, with a total of over 10,200 hours of training recorded[20] - The company's voluntary turnover rate decreased to 7.9% in 2024 from 8.1% in 2023, reflecting improved employee retention[22] - The average employee engagement score increased to 71 in 2024, up from 69 in 2023, based on an 82% response rate from the latest survey[22] Safety and Environmental Performance - The total recordable incident rate (TRIR) improved to 0.34 in 2024 from 0.42 in 2023, indicating enhanced safety performance[18] - The company aims to achieve zero injuries and illnesses as part of its health and safety culture, supported by its Environmental, Health and Safety (EHS) Roadmap[17] - The company reported environmental accruals of $11.0 million and $12.0 million for the years ending June 30, 2024, and 2023, respectively, related to remediation activities[11] - The company is subject to various environmental regulations, which could lead to increased compliance costs and affect financial performance[28] - Increased legal and regulatory requirements related to climate change could lead to higher operational costs and impact product demand[28] Market and Competitive Landscape - Kennametal's competitive advantages include customer-focused support, product innovation, and a strong global presence[11] - The company faces significant competitive pressures in both domestic and foreign markets, impacting its operational efficiency and market position[31] - Future operating results may be impacted by changes in tariffs and trade agreements, particularly with China, affecting demand and operational costs[27] - The company has implemented restructuring efforts aimed at reducing costs and improving efficiency, but future economic disruptions may hinder these efforts[29] Raw Materials and Supply Chain - Kennametal's major raw materials include tungsten ore concentrates and scrap carbide, with prices subject to fluctuation due to sourcing from abroad[9] - Fluctuations in raw material prices, particularly tungsten and cobalt, could adversely affect profitability if costs cannot be passed on to customers[33] Diversity and Inclusion Initiatives - The company continues to focus on diversity and inclusion, with initiatives including the expansion of Employee Resource Groups (ERGs) and a commitment to mental health awareness[14] - The company has developed a toolkit to help ERGs align their goals with business objectives, enhancing its D&I strategy[14] Cybersecurity and Operational Risks - Cybersecurity threats pose risks to the company's information technology systems, potentially affecting operations and customer trust[32] - The company may face challenges in retaining skilled personnel, which is critical for maintaining product quality and customer relationships[31] - Changes in health and safety regulations regarding hard metals could lead to increased operational costs and affect product quality[27] - The company may face challenges in completing and integrating acquisitions, which could impact strategic growth and financial performance[29]

– Pivotal AUGMENT-101 trial met its primary endpoint at interim analysis of patients with KMT2Ar AML and ALL (p-value = 0.0036) – – NDA filing for revumenib in R/R KMT2Ar acute leukemia is being reviewed under RTOR; PDUFA action date of December 26, 2024 – WALTHAM, Mass., Aug. 12, 2024 /PRNewswire/ -- Syndax Pharmaceuticals (Nasdaq: SNDX), a clinical stage biopharmaceutical company developing an innovative pipeline of cancer therapies, today announced that data from the pivotal Phase 2 portion of the AUGMEN ...

Kennametal Inc. (KMT) reported fourth-quarter fiscal 2024 (ended Jun 30, 2024) adjusted earnings of 49 cents per share, which beat the Zacks Consensus Estimate of 44 cents. The bottom line decreased 3.9% from the yearago figure. Revenue Details Kennametal's revenues were $543 million, which decreased 1% from the year-ago quarter's figure. Organic sales declined 1% year over year. Business days had a positive impact of 2%. Currency exchange negatively impacted sales by 2%. KMT's revenues beat the Zacks Conse ...

FY24 Fourth Quarter Earnings Call Presentation August 7, 2024 Q4 FY24 EARNINGS Safe Harbor Statement Certain statements in this release may be forward-looking in nature, or "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are statements that do not relate strictly to historical or current facts. For example, statements about Kennametal's outlook for sales, adjusted operating income, ...

Kennametal Inc. (NYSE:KMT) Q4 2024 Earnings Conference Call August 7, 2024 9:30 AM ET Company Participants Michael Pici - Vice President of Investor Relations Sanjay Chowbey - President and Chief Executive Officer Pat Watson - Vice President and Chief Financial Officer Franklin Cardenas - Vice President and President of Infrastructure Conference Call Participants Grace Song - Morgan Stanley Joseph Ritchie - Goldman Sachs Julian Mitchell - Barclays Tami Zakaria - JPMorgan Steven Fisher - UBS Steve Barger - K ...

For the quarter ended June 2024, Kennametal (KMT) reported revenue of $543.31 million, down 1.3% over the same period last year. EPS came in at $0.49, compared to $0.51 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $532.09 million, representing a surprise of +2.11%. The company delivered an EPS surprise of +11.36%, with the consensus EPS estimate being $0.44. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ho ...

Kennametal (KMT) came out with quarterly earnings of $0.49 per share, beating the Zacks Consensus Estimate of $0.44 per share. This compares to earnings of $0.51 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 11.36%. A quarter ago, it was expected that this engineered products maker would post earnings of $0.31 per share when it actually produced earnings of $0.30, delivering a surprise of -3.23%. Over the last four quarters, ...

Exhibit 99.1 | --- | --- | |-----------------------------|----------------------------| | | | | | | | FOR IMMEDIATE RELEASE: | | | DATE: August 7, 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 Reports Fiscal 2024 and Fourth Quarter Results • Q4 earnings per diluted share (EPS) of $0.47 compared to $0.45 in the prior year quarter • FY24 EPS ...

Q4 earnings per diluted share (EPS) of $0.47 compared to $0.45 in the prior year quarter FY24 EPS of $1.37 and adjusted EPS of $1.50 Strong YTD cash from operations of $277 million compared to $258 million in the prior year; highest as a percent of sales in over 25 years Returned $129 million to shareholders in FY24; $65.4 million in share repurchases and $63.4 million in dividends Completed initial three-year $200 million share repurchase program; previously announced $200 million program in place for FY25 ...