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 ...

PITTSBURGH, Aug. 5, 2024 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) today announced that David Bersaglini will join the company as Vice President of Kennametal Inc. and President of the Metal Cutting segment, effective August 26, 2024. Bersaglini has nearly 25 years of experience and comes to the company from Copeland, a spin-off of Emerson, where he was Vice President and General Manager of Global Refrigeration. "Dave brings a strong track record of success to Kennametal, with extensive experience leading ...

– New PDUFA action date of December 26, 2024 allows FDA additional time to complete their review – "Revumenib, upon approval, will be the first drug indicated to treat patients with KMT2A-rearranged acute leukemia, a population with significant unmet need," said Michael A. Metzger, Chief Executive Officer. "We are confident that the data from the AUGMENT-101 trial, as well as the additional information provided to the FDA, support approval and continue to demonstrate the meaningful benefit revumenib brings ...

Details of the conference call and webcast are as follows: With over 80 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 precision and efficiency. Every day approximately 8,700 employees are helping customers in nearly 100 countries stay competitive. Kenn ...

Discover innovative tooling solutions, machining demonstrations, giveaways and more at the Kennametal booth "Our Metal Cutting Tour has been wildly successful in engaging with our customers. We're building on this success by bringing the same experience to IMTS with Metal Mania," said Eddie McBarnet, Vice President of Commercial & Marketing, Kennametal. "Attendees can meet with our team of likeminded creators and experts, connect with well-known industry machinists, be the first to discover exclusive new to ...

Image Source: Zacks Investment Research Escalating Costs: Rising operating expenses pose a concern for KMT. In the first nine months of fiscal 2024 (ended March 2024), the company's operating expenses increased year over year due to higher compensation expenses. The impact of these expenditures is evident in the rise of operating expenses as a percentage of total revenues, which climbed 40 basis points to reach 21.8%. In the same period, the company's operating margin decreased 170 basis points due to headw ...

PITTSBURGH, June 11, 2024 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) ("the Company") announced today that it has resumed operations at its facility in Rogers, AR, following a previous shutdown due to damage from a tornado on May 26. The Company continues to assess the financial effects of the storm and is working with its insurance carrier. About Kennametal SOURCE Kennametal Inc. "The restart of our Rogers facility is a testament to the great teamwork of our local team and the tremendous support and coordi ...