Kennametal Inc. develops and applies tungsten carbides, ceramics, and super-hard materials and solutions for use in metal cutting and extreme wear applications to enable customers work against corrosion and high temperatures conditions worldwide. It operates through three segments: Industrial, Widia, and Infrastructure. The company offers standard and custom products, including turning, milling, hole making, tooling systems, and services, as well as specialized wear components and metallurgical powders for manufacturers engaged in various industries, such as the manufacturers of transportation vehicles and components, machine tools, and light and heavy machinery; airframe and aerospace components; and energy-related components for the oil and gas industry, as well as power generation. It also provides specified product design, selection, application, and support services; and standard and custom metal cutting solutions to general engineering, aerospace, energy, and transportation customers. In addition, the company produces compacts, nozzles, frac seats, and custom components used in oil and gas, and petrochemical industries; rod blanks and abrasive water jet nozzles for general industries; earth cutting tools and systems used in underground mining, trenching and foundation drilling, and road milling; tungsten carbide and specialty alloy powders for the oil and gas, aerospace, and process industries; and ceramics used by the packaging industry for metallization of films and papers. It provides its products under the Kennametal, WIDIA, WIDIA Hanita, and WIDIA GTD brands through its direct sales force; a network of independent and national chain distributors; integrated supplier channels; and value added resellers, as well as through the Internet. Kennametal Inc. was founded in 1938 and is based in Pittsburgh, Pennsylvania.
IPO Year:
Exchange: NYSE
Website: kennametal.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/15/2025 | $21.00 | Sell → Neutral | UBS |
| 12/6/2024 | $40.00 → $32.00 | Buy → Hold | Jefferies |
| 10/18/2024 | $26.00 | Neutral → Underperform | BofA Securities |
| 1/8/2024 | $24.00 | Equal-Weight | Morgan Stanley |
| 7/8/2022 | $27.00 → $19.00 | Neutral → Sell | UBS |
| 4/6/2022 | $41.00 → $29.00 | Buy → Hold | Loop Capital |
| 3/28/2022 | $37.00 → $31.00 | Neutral → Underweight | JP Morgan |
| 10/27/2021 | $45.00 | Underperform → Neutral | BofA Securities |
| 10/4/2021 | $37.00 → $36.00 | Equal-Weight | Barclays |
| 8/30/2021 | $48.00 | Buy | Loop Capital |
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PITTSBURGH, Aug. 13, 2025 /PRNewswire/ -- Kennametal Inc. (NYSE:KMT) announced today that they will attend the Jefferies Industrials Conference in New York City. Details of the conference are as follows: When: Wednesday, September 3, 2025 Attendees: Patrick Watson, Vice President and Chief Financial Officer Michael Pici, Vice President, Investor Relations About Kennametal With over 85 years as an industrial technology leader, Kennametal Inc. delivers productivity to customers through materials science, tooling and wear-resistant solutions. Customers across aerospace and defense, earthworks, energy, general engineering and transportation turn to Kennametal to help them manufacture with prec
Q4 earnings per diluted share (EPS) of $0.28 and adjusted EPS of $0.34FY25 EPS of $1.20 and adjusted EPS of $1.34Returned $122 million to shareholders in FY25; $62 million in dividends and $60 million in share repurchasesCompleted divestiture of Goshen, IN subsidiary, closed the Greenfield, MA facility and consolidated facilities in Barcelona, SpainAchieved $65 million annualized run-rate pre-tax savings since FY24; expect to achieve $125 million by June 2027 exceeding $100 million Investor Day targetCompany provides FY26 Q1 and annual OutlookPITTSBURGH, Aug. 6, 2025 /PRNewswire/ -- Kennametal Inc. (NYSE:KMT) (the "Company") today announced fourth quarter and fiscal 2025 results. For the fou
PITTSBURGH, July 16, 2025 /PRNewswire/ -- Kennametal Inc. (NYSE:KMT) will host its fourth quarter and fiscal 2025 earnings call on Wednesday, August 6, 2025. The press release and presentation will be available on the Company's website before market on August 6. Details of the conference call and webcast are as follows: When: Wednesday, August 6, 2025, at 9:30 am ET Hosts: Sanjay Chowbey, President and CEOPatrick Watson, Vice President and CFO Webcast: The conference call will be broadcast via real-time audio on Kennametal's investor relations website at https://investors.kennametal.com/ - click "Event" (located in the blue Quarterly Earnings block) About KennametalWith over 85 years as
PITTSBURGH, July 10, 2025 /PRNewswire/ -- Kennametal Inc. (NYSE:KMT) today announced it has been named to TIME's list of America's Best Midsize Companies 2025, a prestigious recognition presented by TIME and Statista Inc., the leading statistics and industry ranking provider. The award highlights Kennametal's continued leadership in employee satisfaction, sustainability transparency and other relevant criteria. "We are honored to be named one of America's Best Midsize Companies by TIME," said Sanjay Chowbey, President and CEO of Kennametal. "This recognition speaks to the dedi
PITTSBURGH, June 6, 2025 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) today announced that it has completed the sale of its business in Goshen, IN. "This portfolio action is an important step toward improving our overall sales mix, reducing material cost volatility and focusing our resources on long-term strategic priorities that create greater value for all our stakeholders," said Kennametal President & CEO Sanjay Chowbey. Kennametal received $19 million from the transaction upon closing, resulting in an immaterial pre-tax loss. The proceeds are subject to customary post-closi
PITTSBURGH, May 22, 2025 /PRNewswire/ -- Kennametal Inc. (NYSE:KMT) today announced that it has made a strategic investment in Toolpath Labs, an emerging leader in AI-powered computer-aided manufacturing (CAM) software. The new partnership supports Kennametal's strategic growth initiatives to expand its suite of digital capabilities and offerings to better serve manufacturing customers worldwide. The new partnership supports Kennametal's strategic growth initiatives to expand its suite of digital capabilities."This partnership represents another bold step in our digital transf
PITTSBURGH, May 8, 2025 /PRNewswire/ -- Kennametal Inc. (NYSE:KMT) announced today that they will attend the KeyBanc Capital Markets Industrials & Basic Materials Conference in Boston, MA. Details of the conference are as follows: When: Wednesday, May 28, 2025 Attendees: Patrick Watson, Vice President and Chief Financial Officer Michael Pici, Vice President, Investor Relations John Witt, Vice President Finance and Corporate Controller About Kennametal With over 85 years as an industrial technology leader, Kennametal Inc. delivers productivity to customers through materials science, tooling and wear-resistant solutions. Customers across aerospace and defense, earthwo
Earnings per diluted share (EPS) of $0.41 and adjusted EPS of $0.47, compared to $0.24 and $0.30, respectively, in the prior year quarterReturned approximately $40 million to shareholders; $25 million in share repurchases and $15 million in dividendsCompany provides updated annual OutlookPITTSBURGH, May 7, 2025 /PRNewswire/ -- Kennametal Inc. (NYSE:KMT) (the "Company") today reported results for its fiscal 2025 third quarter ended March 31, 2025, with sales of $486 million compared to $516 million in the prior year quarter, and earnings per diluted share (EPS) of $0.41 compared to $0.24 in the prior year quarter. The current quarter pre-tax results include a benefit of approximately $10 mill
PITTSBURGH, May 1, 2025 /PRNewswire/ -- Kennametal Inc. (NYSE:KMT) announced the election of Shelley Bausch to its Board of Directors, effective May 1, 2025. Bausch will replace Cindy L. Davis, who has served on the Kennametal Board of Directors since November 2012 and will be retiring on September 1, 2025. Bausch is the recently retired President, Global Industrial Coatings at Axalta, a global leader in the coatings industry. She led Axalta's Industrial Coatings businesses, which include energy solutions, general industrial and powder coatings, among others. William M. Lamb
PITTSBURGH, April 30, 2025 /PRNewswire/ -- Kennametal Inc. (NYSE:KMT) announced today that they will attend the BofA Securities Industrials, Transportation and Airlines Key Leaders Conference 2025 in New York City. Details of the conference are as follows: When: Wednesday, May 14, 2025 Attendees: Sanjay Chowbey, President and Chief Executive Officer Patrick Watson, Vice President and Chief Financial Officer Michael Pici, Vice President, Investor Relations About Kennametal With over 85 years as an industrial technology leader, Kennametal Inc. delivers productivity to customers through materials science, tooling and wear-resistant solutions. Customers across aerospace and defense, earthworks,
Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.
UBS upgraded Kennametal from Sell to Neutral and set a new price target of $21.00
Jefferies downgraded Kennametal from Buy to Hold and set a new price target of $32.00 from $40.00 previously
BofA Securities downgraded Kennametal from Neutral to Underperform and set a new price target of $26.00
Morgan Stanley initiated coverage of Kennametal with a rating of Equal-Weight and set a new price target of $24.00
UBS downgraded Kennametal from Neutral to Sell and set a new price target of $19.00 from $27.00 previously
Loop Capital downgraded Kennametal from Buy to Hold and set a new price target of $29.00 from $41.00 previously
JP Morgan downgraded Kennametal from Neutral to Underweight and set a new price target of $31.00 from $37.00 previously
BofA Securities upgraded Kennametal from Underperform to Neutral and set a new price target of $45.00
Barclays reiterated coverage of Kennametal with a rating of Equal-Weight and set a new price target of $36.00 from $37.00 previously
Loop Capital initiated coverage of Kennametal with a rating of Buy and set a new price target of $48.00
Live Leadership Updates
PITTSBURGH, Jan. 15, 2025 /PRNewswire/ -- Kennametal Inc. (NYSE:KMT) announced today that Faisal Hamadi, currently Vice President of Kennametal's Value Creation Systems, will succeed Franklin Cardenas as President of the Company's Infrastructure segment, effective January 20, 2025. "I want to thank Franklin for his years of service and many contributions to Kennametal," said Sanjay Chowbey, President and CEO. "We wish him success in his future endeavors and appreciate his ongoing partnership with Faisal to ensure a seamless transition." Hamadi joined Kennametal in July 2024 fr
PITTSBURGH, March 14, 2024 /PRNewswire/ -- Kennametal Inc. (NYSE:KMT) announced today that Sanjay Chowbey, currently Vice President, Kennametal Inc. and President, Metal Cutting Segment, will succeed Christopher Rossi as President & CEO. Rossi has decided to retire from the company after nearly seven years as CEO, effective May 31, 2024. Chowbey was unanimously appointed by the Board of Directors as Rossi's successor, effective June 1, 2024. "On behalf of the entire Board, I want to thank Chris for his many contributions to Kennametal and congratulate Sanjay on his well-deserv
Andy Beck to retire as Chief Financial Officer Damon Audia appointed Chief Financial Officer effective July 1, 2022 AGCO, Your Agriculture Company (NYSE:AGCO), a worldwide manufacturer and distributor of agricultural equipment, infrastructure and precision ag technology, announced today that its Board of Directors has appointed Damon Audia to succeed Andy Beck as Senior Vice President and Chief Financial Officer (CFO) effective July 1, 2022. Mr. Audia joins AGCO from Kennametal Inc. (NYSE:KMT), an industrial technology leader specializing in tooling and wear-resistant solutions, where he served as the CFO since August 2018. Andy Beck will retire from AGCO in early 2023. He will serve as S
Lorraine Martin, Beverly Wyse and Melissa Waller appointed as independent Non-Executive Directors of Hyperion Metals, effective from 13 September 2021. Lorraine Martin has 35 years of experience in aerospace, leading a range of global business programs at Lockheed Martin (NYSE:LTM) from VP of the C-130 & C-5 Programs, to VP & GM F-35 Lightning II Program, and then EVP and Deputy of the Rotary & Mission Systems division. Lorraine is currently President and CEO of the National Safety Council. Beverly Wyse has over 30 years of leadership experience with Boeing (NYSE:BA), the world's largest aerospace company, where she held a range of senior executive roles including President of Shar
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Q4 earnings per diluted share (EPS) of $0.28 and adjusted EPS of $0.34FY25 EPS of $1.20 and adjusted EPS of $1.34Returned $122 million to shareholders in FY25; $62 million in dividends and $60 million in share repurchasesCompleted divestiture of Goshen, IN subsidiary, closed the Greenfield, MA facility and consolidated facilities in Barcelona, SpainAchieved $65 million annualized run-rate pre-tax savings since FY24; expect to achieve $125 million by June 2027 exceeding $100 million Investor Day targetCompany provides FY26 Q1 and annual OutlookPITTSBURGH, Aug. 6, 2025 /PRNewswire/ -- Kennametal Inc. (NYSE:KMT) (the "Company") today announced fourth quarter and fiscal 2025 results. For the fou
PITTSBURGH, July 16, 2025 /PRNewswire/ -- Kennametal Inc. (NYSE:KMT) will host its fourth quarter and fiscal 2025 earnings call on Wednesday, August 6, 2025. The press release and presentation will be available on the Company's website before market on August 6. Details of the conference call and webcast are as follows: When: Wednesday, August 6, 2025, at 9:30 am ET Hosts: Sanjay Chowbey, President and CEOPatrick Watson, Vice President and CFO Webcast: The conference call will be broadcast via real-time audio on Kennametal's investor relations website at https://investors.kennametal.com/ - click "Event" (located in the blue Quarterly Earnings block) About KennametalWith over 85 years as
Earnings per diluted share (EPS) of $0.41 and adjusted EPS of $0.47, compared to $0.24 and $0.30, respectively, in the prior year quarterReturned approximately $40 million to shareholders; $25 million in share repurchases and $15 million in dividendsCompany provides updated annual OutlookPITTSBURGH, May 7, 2025 /PRNewswire/ -- Kennametal Inc. (NYSE:KMT) (the "Company") today reported results for its fiscal 2025 third quarter ended March 31, 2025, with sales of $486 million compared to $516 million in the prior year quarter, and earnings per diluted share (EPS) of $0.41 compared to $0.24 in the prior year quarter. The current quarter pre-tax results include a benefit of approximately $10 mill
PITTSBURGH, April 16, 2025 /PRNewswire/ -- Kennametal Inc. (NYSE:KMT) will host its third quarter fiscal year 2025 earnings call on Wednesday, May 7, 2025. The press release and presentation will be available on the Company's website before market on May 7. Details of the conference call and webcast are as follows: When: Wednesday, May 7, 2025, at 9:30 am ET Hosts: Sanjay Chowbey, President and CEOPatrick Watson, Vice President and CFO Webcast: The conference call will be broadcast via real-time audio on Kennametal's investor relations website at https://investors.kennametal.com/ - click "Event" (located in the blue Quarterly Earnings block) About KennametalWith over 85 years as an industr
Strong YTD cash from operations of $101 million compared to $88 million in the prior year; free operating cash flow of $57 million compared to $36 million in the prior yearEarnings per diluted share (EPS) of $0.23 and adjusted EPS of $0.25Returned approximately $31 million to shareholders; $15 million in share repurchases and $16 million in dividendsLowers fiscal 2025 full year outlook due to weakening market conditions, primarily in EMEAPITTSBURGH, Feb. 5, 2025 /PRNewswire/ -- Kennametal Inc. (NYSE:KMT) (the "Company") today reported results for its fiscal 2025 second quarter ended December 31, 2024, with sales of $482 million compared to $495 million in the prior year quarter, and earnings
PITTSBURGH, Jan. 15, 2025 /PRNewswire/ -- Kennametal Inc. (NYSE:KMT) will host its second quarter fiscal year 2025 earnings call on Wednesday, February 5, 2025. The press release and presentation will be available on the Company's website before market on February 5. Details of the conference call and webcast are as follows: When: Wednesday, February 5, 2025, at 9:30 am ET Hosts: Sanjay Chowbey, President and CEOPatrick Watson, Vice President and CFO Webcast: The conference call will be broadcast via real-time audio on Kennametal's investor relations website at https://investors.kennametal.com/ - click "Event" (located in the blue Quarterly Earnings block) About KennametalWith over
Strong cash from operations of $46 million compared to $26 million in the prior year; free operating cash flow of $21 million compared to negative $3 million in the prior yearEarnings per diluted share (EPS) of $0.28 and adjusted EPS of $0.29Returned approximately $31 million to shareholders; $15 million in share repurchases and $16 million in dividendsPITTSBURGH, Nov. 6, 2024 /PRNewswire/ -- Kennametal Inc. (NYSE:KMT) (the "Company") today reported results for its fiscal 2025 first quarter ended September 30, 2024, with sales of $482 million compared to $492 million in the prior year quarter, and earnings per diluted share (EPS) of $0.28 compared to $0.37 in the prior year quarter. The curr
PITTSBURGH, Oct. 16, 2024 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) will host its first quarter fiscal year 2025 earnings call on Wednesday, November 6. The press release and presentation will be available on the Company's website before market on November 6. Details of the conference call and webcast are as follows: When: Wednesday, November 6, 2024, at 9:30 am ET Hosts: Sanjay Chowbey, President and CEO Patrick Watson, Vice President and CFO Webcast: The conference call will be broadcast via real-time audio on Kennametal'sinvestor relations website at https://investors.kennametal.com/ - click "Event" (located in the blue Quarterly Earnings block) About
Q4 earnings per diluted share (EPS) of $0.47 compared to $0.45 in the prior year quarterFY24 EPS of $1.37 and adjusted EPS of $1.50Strong YTD cash from operations of $277 million compared to $258 million in the prior year; highest as a percent of sales in over 25 yearsReturned $129 million to shareholders in FY24; $65.4 million in share repurchases and $63.4 million in dividendsCompleted initial three-year $200 million share repurchase program; previously announced $200 million program in place for FY25Provides FY25 Q1 and annual OutlookPITTSBURGH, Aug. 7, 2024 /PRNewswire/ -- Kennametal Inc. (NYSE:KMT) (the "Company") today announced fourth quarter and fiscal 2024 results. For the fourth qu
PITTSBURGH, July 17, 2024 /PRNewswire/ -- Kennametal Inc. (NYSE:KMT) will host its fourth quarter and fiscal 2024 earnings call on Wednesday, August 7. The press release and presentation will be available on the Company's website before market on August 7. Details of the conference call and webcast are as follows: When: Wednesday, August 7, 2024, at 9:30 am ET Hosts: Sanjay Chowbey, President and CEOPatrick Watson, Vice President and CFO Webcast: The conference call will be broadcast via real-time audio on Kennametal's investor relations website at https://investors.kennametal.com/ - click "Event" (located in the blue Quarterly Earnings block) About KennametalWith over 80 years as an indu