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Kennametal Recognized by Newsweek as One of America's Most Responsible Companies
Prnewswire· 2025-12-03 15:20
Core Insights - Kennametal Inc. has been recognized for the fifth consecutive year on Newsweek's list of America's Most Responsible Companies for 2026, highlighting its commitment to sustainability and social responsibility [1][1][1] - The recognition is based on a comprehensive evaluation of corporate responsibility across the three pillars of ESG: Environment, Social, and Corporate Governance [1][1] - The list acknowledges 600 companies for their positive global impact, with Kennametal's President and CEO emphasizing the importance of continuous improvement in their corporate responsibility strategy [1][1][1] Company Overview - Kennametal Inc. has over 85 years of experience as an industrial technology leader, providing productivity solutions through materials science, tooling, and wear-resistant solutions [1][1] - 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 [1][1] - In fiscal 2025, Kennametal generated nearly $2 billion in revenues, reflecting its strong market position and operational efficiency [1][1]
Kennametal to Attend Goldman Sachs Industrials and Materials Conference
Prnewswire· 2025-11-19 11:30
Group 1 - Kennametal Inc. will attend the Goldman Sachs Industrials and Materials Conference in New York City on December 3, 2025 [1] - Key attendees from Kennametal include Patrick Watson (CFO), Faisal Hamadi (President of Infrastructure), and Michael Pici (VP of Investor Relations) [1] - Kennametal has over 85 years of experience as an industrial technology leader, focusing on materials science, tooling, and wear-resistant solutions [2] Group 2 - The company serves customers in various sectors including aerospace, defense, earthworks, energy, general engineering, and transportation [2] - Kennametal employs approximately 8,100 people and operates in nearly 100 countries [2] - The company generated nearly $2 billion in revenues in fiscal 2025 [2]
Kennametal to Attend UBS Global Industrials & Transportation Conference
Prnewswire· 2025-11-18 11:30
Core Viewpoint - Kennametal Inc. will participate in the UBS Global Industrials & Transportation Conference, indicating its ongoing engagement with industry stakeholders and investors [1] Company Information - Kennametal Inc. has over 85 years of experience as an industrial technology leader, focusing on delivering productivity through materials science, tooling, and wear-resistant solutions [1] Conference Details - The UBS Global Industrials & Transportation Conference will take place on Tuesday, December 2, 2025 [1] - Key attendees from Kennametal include Patrick Watson (Vice President and CFO), David Bersaglini (Vice President and President of Metal Cutting), and Michael Pici (Vice President of Investor Relations) [1]
Kennametal to Host Earnings Conference Call & Webcast on First Quarter Fiscal 2026 Results
Prnewswire· 2025-10-15 10:30
Core Insights - Kennametal Inc. will host its first quarter fiscal year 2026 earnings call on November 5, 2025, at 9:30 am ET, with a webcast available on its investor relations website [1] - The company generated nearly $2 billion in revenues in fiscal 2025, showcasing its strong market position [1] Company Overview - Kennametal has over 85 years of experience as an industrial technology leader, focusing on materials science, tooling, and wear-resistant solutions [1] - The company serves customers in various sectors, including aerospace, defense, earthworks, energy, general engineering, and transportation, with approximately 8,100 employees operating in nearly 100 countries [1] Recognition and Achievements - Kennametal has been recognized for the second consecutive year as one of Caterpillar's top indirect suppliers, highlighting its strong supplier relationships [3] - The company was also named to TIME's list of World's Best Companies 2025, reflecting its excellence in the industry [4]
Kennametal Named Among World's Best Companies by TIME
Prnewswire· 2025-09-10 15:09
Core Insights - Kennametal Inc. has been recognized in TIME's list of World's Best Companies 2025, highlighting its commitment to employee satisfaction and sustainability practices [1][2] - The company's President and CEO, Sanjay Chowbey, emphasized the importance of innovation and continuous improvement in driving success and sustainable growth [2] - Kennametal was also included in TIME's America's Best Midsize Companies 2025 list, reflecting its ongoing progress and adherence to core values [2] Company Overview - Kennametal has over 85 years of experience as an industrial technology leader, providing productivity solutions through materials science and tooling [3] - The company serves various sectors including aerospace, defense, energy, and transportation, with approximately 8,100 employees operating in nearly 100 countries [3] - In fiscal 2025, Kennametal generated revenues of $2 billion [3]
Kennametal to Host Earnings Conference Call & Webcast on Fourth Quarter and Fiscal 2025 Results
Prnewswire· 2025-07-16 20:05
Group 1 - Kennametal Inc. will host its fourth quarter and fiscal 2025 earnings call on August 6, 2025, at 9:30 am ET [1] - The earnings call will be led by Sanjay Chowbey, President and CEO, and Patrick Watson, Vice President and CFO [1] - The press release and presentation will be available on the company's website before the market opens on August 6 [1] Group 2 - Kennametal has over 85 years of experience as an industrial technology leader, focusing on materials science, tooling, and wear-resistant solutions [2] - The company serves customers in various sectors, including aerospace and defense, earthworks, energy, general engineering, and transportation [2] - Kennametal generated $2 billion in revenues in fiscal 2024, with approximately 8,400 employees supporting customers in nearly 100 countries [2]
Kennametal Recognized as One of America's Best Midsize Companies by TIME
Prnewswire· 2025-07-10 20:05
Core Insights - Kennametal Inc. has been recognized as one of America's Best Midsize Companies for 2025 by TIME and Statista, highlighting its leadership in employee satisfaction and sustainability transparency [1][2] - The recognition reflects Kennametal's commitment to sustainable growth, an engaged workforce, and long-term value creation for stakeholders [2] - This accolade follows Kennametal's inclusion in TIME's World's Best Companies 2024 list, reinforcing its strong performance and values-driven culture [2] Company Overview - Kennametal has over 85 years of experience as an industrial technology leader, providing productivity solutions through materials science, tooling, and wear-resistant solutions [3] - The company serves various sectors including aerospace and defense, earthworks, energy, general engineering, and transportation, helping customers manufacture with precision and efficiency [3] - Kennametal employs approximately 8,400 individuals across nearly 100 countries and generated $2 billion in revenues in fiscal 2024 [3]
Kennametal Announces Sale of Subsidiary in Goshen, IN
Prnewswire· 2025-06-06 20:05
Core Viewpoint - Kennametal Inc. has completed the sale of its Goshen, IN business, which is a strategic move aimed at improving sales mix, reducing material cost volatility, and focusing on long-term priorities to enhance stakeholder value [1][2]. Financial Summary - The company received $19 million from the transaction, resulting in an immaterial pre-tax loss. The proceeds are subject to customary post-closing adjustments and an EBITDA-based earn-out opportunity after three years [2]. - The proceeds from the sale are expected to be used for general corporate purposes [2]. Business Impact - The Goshen subsidiary, Kennametal Stellite, L.P., serves the surface coating and welding products markets and represents less than 2% of Kennametal's total sales, making it immaterial to the company's overall profitability [3]. Company Overview - Kennametal Inc. has over 85 years of experience as an industrial technology leader, providing productivity solutions through materials science and tooling [4]. - The company generated $2 billion in revenues in fiscal 2024 and employs approximately 8,400 people across nearly 100 countries [4].
Kennametal to Attend KeyBanc Capital Markets Industrials & Basic Materials Conference
Prnewswire· 2025-05-08 10:30
Company Overview - Kennametal Inc. is an industrial technology leader with over 85 years of experience, focusing on materials science, tooling, and wear-resistant solutions [1] - The company serves various sectors including aerospace and defense, earthworks, energy, general engineering, and transportation, helping customers manufacture with precision and efficiency [1] - Kennametal employs approximately 8,400 individuals across nearly 100 countries [1] Financial Performance - In fiscal 2024, Kennametal generated revenues of $2 billion [1] Upcoming Events - Kennametal will attend the KeyBanc Capital Markets Industrials & Basic Materials Conference in Boston, MA on May 28, 2025 [1] - Key attendees from Kennametal include Patrick Watson (Vice President and CFO), Michael Pici (Vice President, Investor Relations), and John Witt (Vice President Finance and Corporate Controller) [1]
Kennametal Announces Fiscal 2025 Third Quarter Results
Prnewswire· 2025-05-07 10:30
Core Insights - Kennametal Inc. reported a decrease in sales for the third quarter of fiscal 2025, with sales of $486 million, down 6% from $516 million in the prior year quarter, while earnings per diluted share (EPS) increased to $0.41 from $0.24 [1][3][9] Financial Performance - The company achieved an adjusted EPS of $0.47, compared to $0.30 in the prior year quarter, driven by an advanced manufacturing production credit under the Inflation Reduction Act [1][5][9] - Operating income rose to $44 million, representing a 9.1% margin, compared to $35 million and a 6.8% margin in the prior year quarter [5][20] - Year-to-date net cash flow from operating activities was $130 million, down from $163 million in the prior year period, primarily due to working capital changes [7][31] Segment Performance - Metal Cutting sales decreased by 7% to $304 million, with an organic sales decline of 4% and an unfavorable currency exchange effect of 3% [12][33] - Infrastructure sales fell by 4% to $182 million, reflecting an organic sales decline of 2% and an unfavorable currency exchange effect of 2% [13][33] Cost Management and Restructuring - The company achieved restructuring savings of approximately $6 million year-over-year, with expected annualized pre-tax savings of about $15 million by the end of fiscal 2025 [4][5] - Pre-tax charges related to restructuring actions are expected to total approximately $25 million, with $6 million recognized during the quarter [4] Shareholder Returns - Kennametal returned approximately $40 million to shareholders during the quarter, including $25 million in share repurchases and $15 million in dividends [9][10] - The company declared a quarterly cash dividend of $0.20 per share, payable on May 27, 2025 [14] Outlook - The company expects full fiscal year 2025 sales to be between $1.970 billion and $1.990 billion, with adjusted EPS projected between $1.30 and $1.45 [17][11] - Pricing actions are anticipated to cover raw material costs, wages, and general inflation [17]