Core Insights - Kennametal Inc. has been recognized for the second consecutive year as one of Caterpillar's top indirect suppliers, highlighting its contributions in metal cutting solutions and excellence in communication and technical support [1][2]. Group 1: Supplier Recognition - The supplier recognition award reflects Kennametal's alignment with Caterpillar's strategic goals and its commitment to supporting infrastructure and electrification projects globally, including data centers and AI hubs [2]. - Keith Mudge, Vice President of Sales – Americas, emphasized the importance of Kennametal's role in keeping Caterpillar's business and customers operational [2]. Group 2: Company Overview - Kennametal has over 85 years of experience as an industrial technology leader, providing productivity through materials science, tooling, and wear-resistant solutions [3]. - The company serves various sectors, including aerospace and defense, earthworks, energy, general engineering, and transportation, with approximately 8,100 employees operating in nearly 100 countries [3]. - In fiscal 2025, Kennametal generated revenues of $2 billion [3].

Core Viewpoint - ZK International Group Co., Ltd. reported a significant decline in financial performance for the first half of fiscal year 2025, primarily due to decreased demand for piping products linked to a slow recovery in the real estate market, resulting in a 24.37% drop in revenue compared to the previous year [1][2]. Financial Performance - Revenue decreased by $12.89 million, or 24.37%, to $39.996 million for the six months ended March 31, 2025, from $52.887 million for the same period in 2024 [2][16]. - Gross profit fell by $1.16 million, or 34.74%, to $2.186 million, with a gross margin of 5.47%, down from 6.33% in the prior year [3][16]. - The operating loss increased to $0.49 million from a loss of $0.16 million in the same period last year, resulting in an operating margin of (1.22)% compared to (0.31)% [3][8]. - Net loss was $0.802 million, compared to a net loss of $0.482 million for the same period in 2024, marking an increase in net loss of $0.320 million [10][17]. Cost Management - Selling and marketing expenses slightly increased by $862, or 0.10%, to $881,686 for the six months ended March 31, 2025 [5]. - General and administrative expenses decreased by $614,100, or 30.54%, to $1.396 million, primarily due to reductions in consulting and employee-related costs [6]. - Research and development expenses decreased by $225,871, or 36.27%, to $396,934 [7]. Financial Condition - As of March 31, 2025, total cash and cash equivalents, restricted cash, and short-term investments amounted to $1.61 million, down from $4.16 million as of September 30, 2024 [10]. - Accounts receivable decreased to $19.82 million from $22.39 million, while inventories increased to $15.49 million from $13.53 million [10]. - The current ratio was 1.22 as of March 31, 2025, compared to 1.26 as of September 30, 2024, indicating a slight decline in liquidity [11].