Leading manufacturer announces series of machining demonstrations led by the industry's best PITTSBURGH, Aug. 27, 2024 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT), has released its daily schedule of live machining demos for the weeklong "Metal Mania" exhibition at the International Manufacturing Technology Show (IMTS) in Chicago at McCormick Place, September 9-14, 2024. Attendees can browse tooling solutions from various Kennametal product brands, including Kennametal®, WIDIA™ and Hanita™ with the opportuni ...

PITTSBURGH, Aug. 26, 2024 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) announced today that they will attend the Morgan Stanley 12th Annual Laguna Conference. Details of the conference are as follows: When: Thursday, September 12, 2024 Attendees: Patrick Watson, Vice President and Chief Financial Officer Michael Pici, Vice President, Investor Relations Kelly Lynch, Vice President Finance, Metal Cutting Segment About Kennametal With over 85 years as an industrial technology leader, Kennametal Inc. delivers pr ...

Kennametal Inc. (KMT) has been benefiting from steady demand across aerospace & defense, and transportation end markets. Handsome rewards to shareholders add to its appeal. Based in Latrobe, PA, Kennametal is a manufacturer, marketer and distributor of high-speed metal cutting tools, tooling systems and wear-resistant parts. Its products are marketed through a number of channels to the end users, comprising manufacturers of machine tools, transportation vehicles and various components, airframe, aerospace c ...

PITTSBURGH, Aug. 19, 2024 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) announced today that they will attend the Jefferies Industrial Conference in New York City. Details of the conference are as follows: When: Wednesday, September 4, 2024 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 pro ...

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 ...