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Kennametal Inc.

KMT.N

Latest Trade

36.85USD

Change

0.42(+1.15%)

Volume

235,978

Today's Range

36.84

 - 

37.46

52 Week Range

27.76

 - 

43.03

As of on the New York Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

Kennametal Reports Share Repurchase Program

Aug 2 (Reuters) - Kennametal Inc <KMT.N>::KENNAMETAL REPORTS Q4 AND FISCAL 2021 RESULTS; ANNOUNCES SHARE REPURCHASE PROGRAM.Q4 ADJUSTED EARNINGS PER SHARE $0.53.Q4 EARNINGS PER SHARE $0.41.Q4 SALES $516 MILLION VERSUS REFINITIV IBES ESTIMATE OF $514.2 MILLION.Q4 EARNINGS PER SHARE ESTIMATE $0.40 -- REFINITIV IBES DATA.SEES Q1 SALES UP 17 TO 22 PERCENT.SEES FY 2022 CAPITAL SPENDING IS EXPECTED TO BE $110 MILLION - $130 MILLION.SEES FY 2022 PRIMARY WORKING CAPITAL TRENDING TOWARD 30 PERCENT OF SALES BY YEAR-END.SEES FY 2022 ADJUSTED ETR EXPECTED TO BE 25% - 28%.

Kennametal Announces Fiscal 2021 Third Quarter Results

May 3 (Reuters) - Kennametal Inc <KMT.N>::KENNAMETAL ANNOUNCES FISCAL 2021 THIRD QUARTER RESULTS.Q3 SALES $485 MILLION.Q3 ADJUSTED EARNINGS PER SHARE $0.32.Q3 EARNINGS PER SHARE $0.26.Q4 SALES ARE EXPECTED TO BE UP MID-SINGLE DIGITS SEQUENTIALLY.CAPITAL SPENDING IS EXPECTED TO BE APPROXIMATELY $120 MILLION FOR FY21.Q3 EARNINGS PER SHARE VIEW $0.20, REVENUE VIEW $472.4 MILLION -- REFINITIV IBES DATA.

Kennametal Prices $300 Million Of Senior Notes

Feb 8 (Reuters) - Kennametal Inc <KMT.N>::KENNAMETAL PRICES $300 MILLION OF SENIOR NOTES.KENNAMETAL INC - PRICING OF PUBLIC OFFERING OF $300 MILLION OF ITS 2.80% SENIOR NOTES DUE MARCH 1, 2031.

Kennametal Reports Q2 EPS $0.23

Feb 1 (Reuters) - Kennametal Inc <KMT.N>::KENNAMETAL ANNOUNCES FISCAL 2021 SECOND QUARTER RESULTS.Q2 SALES $441 MILLION VERSUS REFINITIV IBES ESTIMATE OF $423.6 MILLION.Q2 EARNINGS PER SHARE $0.23.Q2 EARNINGS PER SHARE ESTIMATE $0.09 -- REFINITIV IBES DATA.WILL NOT BE PROVIDING AN FY21 OUTLOOK AT THIS TIME, OUTSIDE OF CAPITAL SPENDING, WHICH IS UNCHANGED.

Kennametal Announces Fiscal 2021 First Quarter Results

Nov 2 (Reuters) - Kennametal Inc <KMT.N>::KENNAMETAL ANNOUNCES FISCAL 2021 FIRST QUARTER RESULTS.Q1 LOSS PER SHARE $0.26.Q1 SALES $400 MILLION VERSUS REFINITIV IBES ESTIMATE OF $385.6 MILLION.Q1 EARNINGS PER SHARE ESTIMATE $0.06 -- REFINITIV IBES DATA.QTRLY ADJUSTED EARNINGS PER SHARE $0.03.

Kennametal Q4 Adjusted Earnings Per Share $0.15

Aug 3 (Reuters) - Kennametal Inc <KMT.N>::KENNAMETAL ANNOUNCES FOURTH QUARTER AND FISCAL 2020 RESULTS.Q4 ADJUSTED EARNINGS PER SHARE $0.15.Q4 LOSS PER SHARE $0.11.Q4 EARNINGS PER SHARE ESTIMATE $0.12 -- REFINITIV IBES DATA.Q4 SALES $379 MILLION VERSUS REFINITIV IBES ESTIMATE OF $399.8 MILLION.EFFECTS OF COVID-19 WERE FELT IN EVERY REGION DURING QUARTER & CREATED CHALLENGING ENVIRONMENT.EXPECT FY21 TO PRESENT ONGOING MACROECONOMIC CHALLENGES.AS OF TODAY, ALL CO'S PRODUCTION FACILITIES ARE OPERATING.COMPANY'S PRIMARY END MARKETS REMAINS LIMITED.WILL NOT BE ISSUING ANNUAL FY21 OUTLOOK OUTSIDE OF CAPITAL SPENDING.FY CAPITAL SPENDING IS EXPECTED TO BE $110 MILLION TO $130 MILLION.

Kennametal Outlines Cost-Control Actions To Mitigate Covid-19 Headwinds

June 9 (Reuters) - Kennametal Inc <KMT.N>::KENNAMETAL ACCELERATES STRUCTURAL CHANGES FROM SIMPLIFICATION/MODERNIZATION; OUTLINES COST-CONTROL ACTIONS TO MITIGATE COVID-19 HEADWINDS.KENNAMETAL - CONTINUING TEMPORARY COST-CONTROL ACTIONS OF ABOUT $10 MILLION TO $15 MILLION /QUARTER STARTING JULY 1 TO MITIGATE MARKET EFFECTS OF COVID-19.KENNAMETAL - INCREASING ESTIMATED ANNUALIZED BENEFITS OF FY21 RESTRUCTURING ACTIONS TO $65 MILLION TO $75 MILLION.KENNAMETAL - INCREASING ESTIMATED PRE-TAX CHARGES FROM ITS FY21 RESTRUCTURING TO $90 MILLION TO $100 MILLION.KENNAMETAL INC - COMPENSATION OF SALARIED EMPLOYEES TO TEMPORARILY BE REDUCED BY 10% TO 20%BASED ON JOB LEVEL THROUGH H1 2021.KENNAMETAL INC - BOARD'S CASH COMPENSATION WILL BE REDUCED BY 20% THROUGH H1 2021.KENNAMETAL INC - WILL CONTINUE TEMPORARY SHUTDOWNS AND REDUCED PRODUCTION SCHEDULES.KENNAMETAL - RESTRUCTURING OF ABOUT 10% OF SALARIED EMPLOYEES GLOBALLY IS EXPECTED TO BE SUBSTANTIALLY COMPLETE IN H1 2021.

Kennametal Announces Fiscal 2020 Third Quarter Results

May 4 (Reuters) - Kennametal Inc <KMT.N>::KENNAMETAL ANNOUNCES FISCAL 2020 THIRD QUARTER RESULTS.Q3 SALES $483 MILLION VERSUS REFINITIV IBES ESTIMATE OF $515.9 MILLION.Q3 EARNINGS PER SHARE $0.03.Q3 EARNINGS PER SHARE ESTIMATE $0.32 -- REFINITIV IBES DATA.EXCLUDING CHINA, EFFECT OF COVID-19 ON Q3 WAS MINIMAL FROM A REVENUE STANDPOINT.ALL BUT ONE PRODUCTION FACILITY IS OPERATING, AND THIS FACILITY IS EXPECTED TO REOPEN MID-MAY.COMPANY IS TAKING OTHER AGGRESSIVE COST-CONTROL MEASURES TO OFFSET MARKET HEADWINDS.COST CUTTING MEASURES INCLUDE, REDUCTIONS IN ALL DISCRETIONARY SPENDING, FURLOUGHS, EXTENSIVE TRAVEL RESTRICTIONS.COMPANY IS WITHDRAWING ITS PREVIOUSLY ANNOUNCED OUTLOOK FOR FISCAL YEAR 2020.ANNOUNCED THAT BOARD OF DIRECTORS DECLARED A QUARTERLY CASH DIVIDEND OF $0.20 PER SHARE.KENNAMETAL - HAS ADEQUATE LIQUIDITY & ACCESS TO CREDIT TO MEET CASH FLOW REQUIREMENTS & EXPECTS TO REMAIN IN COMPLIANCE WITH RELEVANT DEBT COVENANTS.

Kennametal Announces Fiscal 2020 Second Quarter Results; Lowers Fiscal 2020 Eps Outlook; Declares Quarterly Dividend

KENNAMETAL INC::REPORTED RESULTS FOR ITS FISCAL 2020 SECOND QUARTER ENDED DECEMBER 31, 2019, WITH LOSS PER DILUTED SHARE (LPS) OF $0.07, COMPARED WITH EARNINGS PER DILUTED SHARE (EPS) OF $0.66 IN THE PRIOR YEAR QUARTER, AND ADJUSTED EPS OF $0.17, COMPARED WITH ADJUSTED EPS OF $0.71 IN THE PRIOR YEAR QUARTER.SALES OF $505 MILLION DECREASED 14 PERCENT FROM $587 MILLION IN THE PRIOR YEAR QUARTER, REFLECTING 12 PERCENT ORGANIC SALES DECLINE, 1 PERCENT UNFAVORABLE CURRENCY EXCHANGE EFFECT AND 1 PERCENT DECLINE FROM DIVESTITURE.REPORTED EPS IN THE CURRENT QUARTER INCLUDES RESTRUCTURING AND RELATED CHARGES OF $0.39, LOSS ON DIVESTITURE OF $0.03 AND DISCRETE BENEFITS FROM FOREIGN TAX REFORMS OF $0.18.PROVIDED FISCAL 2020 ADJUSTED EPS OUTLOOK OF $1.20 TO $1.50 ON ORGANIC SALES DECLINE OF 9 TO 12 PERCENT.ANNOUNCED THAT ITS BOARD OF DIRECTORS DECLARED A QUARTERLY CASH DIVIDEND OF $0.20 PER SHARE. THE DIVIDEND IS PAYABLE ON FEBRUARY 25, 2020 TO SHAREHOLDERS OF RECORD AS OF THE CLOSE OF BUSINESS ON FEBRUARY 11, 2020.

Kennametal Says Restructuring Actions On Track

Jan 7 (Reuters) - Kennametal Inc <KMT.N>::KENNAMETAL PROVIDES UPDATE ON PREVIOUSLY ANNOUNCED RESTRUCTURING ACTIONS.KENNAMETAL INC - FY20 RESTRUCTURING ACTIONS ON TRACK.KENNAMETAL INC - FY21 RESTRUCTURING ACTIONS SAVINGS ON TRACK WITH LOWER ESTIMATED PRE-TAX CHARGES.KENNAMETAL INC - EXPECTS TO DELIVER FY21 RESTRUCTURING ACTIONS WITH LOWER ESTIMATED PRE-TAX CHARGES OF ABOUT $55 TO $65 MILLION.KENNAMETAL - SIGNIFICANT REDUCTION IN LABOR WILL TAKE PLACE AS PRODUCTS ARE MOVED TO OTHER LOWER-COST KENNAMETAL FACILITIES.KENNAMETAL INC - AGREEMENT BETWEEN CO, ESSEN EMPLOYEE REPRESENTATIVES IS EFFECTIVE THROUGH JUNE 30, 2022.KENNAMETAL - CO IS ALSO EVALUATING ACCELERATION OF OTHER FACILITY CLOSURES AS PART OF THESE RESTRUCTURING ACTIVITIES.KENNAMETAL - FOLLOWING NEGOTIATIONS, CO HAS AGREED TO DOWNSIZE ESSEN, GERMANY FACILITY INSTEAD OF PREVIOUSLY PROPOSED CLOSURE.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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