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 |
|---|---|---|---|
| 5/27/2026 | $33.00 | Equal Weight → Underweight | Barclays |
| 5/7/2026 | $47.50 | Buy → Hold | Jefferies |
| 1/13/2026 | $40.00 | Hold → Buy | Jefferies |
| 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 |
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Actions extend debt maturities, preserve financial flexibility and support growth opportunitiesRaised additional $700 million liquidity through new 3-year term loan and expansion of existing revolving credit facilityAdditional liquidity supports near-term tungsten related working capital needs while preserving long-term flexibilityRefinanced $300 million in bonds, extending maturities to 2036, as previously reportedTransactions consistent with maintained investment grade credit rating profilePITTSBURGH, May 29, 2026 /PRNewswire/ -- Kennametal Inc. (NYSE:KMT) (the "Company") today announced a series of financing transactions designed to enhance liquidity, extend debt maturities and position t
PITTSBURGH, May 27, 2026 /PRNewswire/ -- Kennametal Inc. (NYSE:KMT) (the "Company") today announced the final results and expiration of its previously announced cash tender offer (the "Tender Offer") to purchase any and all of the outstanding notes listed in the table below (the "Notes"). Capitalized terms used in this news release and not defined herein have the meanings given to them in the Offer to Purchase, dated May 19, 2026 (the "Offer to Purchase"). According to the information provided by Global Bondholder Services Corporation, the aggregate principal amount of the Notes that were validly tendered and not validly withdrawn as of the Expiration Time is set forth in the table below.Title
PITTSBURGH, May 26, 2026 /PRNewswire/ -- Kennametal Inc. (NYSE:KMT) (the "Company") today announced the pricing terms of its previously announced cash tender offer (the "Tender Offer") to purchase any and all of its outstanding 4.625% Senior Notes due 2028 (the "2028 Notes"). All other terms and conditions of the Tender Offer remain unchanged and are described in the Offer to Purchase, dated May 19, 2026 (the "Offer to Purchase"). Capitalized terms used in this news release and not defined herein have the meanings given to them in the Offer to Purchase. The consideration to be paid in the Tender Offer for the 2028 Notes accepted for purchase was determined by reference to the fixed spread specified
PITTSBURGH, May 19, 2026 /PRNewswire/ -- Kennametal Inc. (NYSE:KMT) (the "Company") today announced that it has commenced an underwritten public offering of senior notes (the "Notes Offering"). The exact amount and terms of the Notes Offering will depend upon market conditions and other factors. The Company also announced that concurrent with the Notes Offering it has commenced a cash tender offer (the "Tender Offer") to purchase any and all of the outstanding notes listed in the table below (the "2028 Notes"). Title of SecurityCUSIP1Aggregate Principal Amount OutstandingReference U.S. Treasury SecurityFixed Spread (basis points)Bloomberg Reference Page24.625% Senior Notesdue 2028 489170AE0$30
PITTSBURGH, May 18, 2026 /PRNewswire/ -- Kennametal Inc. (NYSE:KMT) announced today that they will attend the KeyBanc Capital Markets 2026 Industrials & Basic Materials Conference in Boston. Details of the conference are as follows:When: Wednesday, May 27, 2026 Attendees:Sanjay Chowbey, President and Chief Executive OfficerPatrick Watson, Vice President and Chief Financial OfficerMichael Pici, Vice President, Investor RelationsAbout KennametalWith 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 an
Sales of $593 million increased 22 percent and 19 percent on a reported and organic basis, respectivelyOperating income of $79 million and adjusted operating income of $82 million, up 80 percent and 64 percent, respectivelyEarnings per diluted share (EPS) of $0.75 and adjusted EPS of $0.77, up 85 percent and 65 percent, respectivelyCompany raises annual sales and adjusted EPS OutlookPITTSBURGH, May 6, 2026 /PRNewswire/ -- Kennametal Inc. (NYSE:KMT) (the "Company") today reported results for its fiscal 2026 third quarter ended March 31, 2026. "Our third quarter results exceeded the high end of our sales and adjusted EPS Outlook, primarily due to the unprecedented rise in tungsten pricing and
PITTSBURGH, April 15, 2026 /PRNewswire/ -- Kennametal Inc. (NYSE:KMT) will host its third quarter fiscal year 2026 earnings call on Wednesday, May 6, 2026. The press release and presentation will be available on the Company's website before market on May 6. Details of the conference call and webcast are as follows:When: Wednesday, May 6, 2026 at 9:30 am ETHosts:Sanjay Chowbey, President and CEOPatrick Watson, Vice President and CFOWebcast: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 industrial techn
HOUSTON, March 17, 2026 (GLOBE NEWSWIRE) -- NOV Inc. (NYSE:NOV) announced today that Sanjay Chowbey has been appointed to the Company's Board of Directors (the "Board"), effective March 17, 2026. "We are pleased to welcome Sanjay Chowbey to our board of directors," said Jose Bayardo, Chairman, President, and Chief Executive Officer. "Sanjay brings a successful track record of leading high-quality global industrial companies and extensive experience driving manufacturing and operational excellence. We are confident that Sanjay's expertise will help drive additional value for NOV's shareholders." Mr. Chowbey has more than 20 years of experience leading global manufacturing and industrial t
PITTSBURGH, March 9, 2026 /PRNewswire/ -- Kennametal Inc. (NYSE:KMT) announced today that Ellen Whittingham, Vice President, Strategic Talent Enablement, has been recognized as a 2026 STEP Ahead Award Honoree by The Manufacturing Institute.The STEP Ahead Awards recognize people powering manufacturing success, those whose leadership, expertise and commitment to others are building stronger workplaces and communities. Whittingham's contributions are celebrated along with 145 honorees from companies of all sizes and sectors and she joins a group of 18 other Kennametal honorees who have received STEP Ahead Awards in prior years."We congratulate Ellen on this honor, which is a reflection of the p
PITTSBURGH, Feb. 24, 2026 /CNW/ -- Kennametal Inc. (NYSE:KMT), a global leader in metal cutting solutions, today announced the launch of its Machinist of the Year program, a new annual initiative designed to recognize the skill, dedication and innovation of long-time machinist customers across every region. Winners will be announced in the Americas, EMEA, APAC and India.Kennametal introduces Machinist of the Year, celebrating skilled machinists across global regions."Machinists are the backbone of manufacturing," said Eddie McBarnett, Kennametal's Vice President of Marketing & Strategy. "Kennametal's innovations have always been driven by the needs of these skilled professionals with tooling
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Barclays downgraded Kennametal from Equal Weight to Underweight and set a new price target of $33.00
Jefferies downgraded Kennametal from Buy to Hold and set a new price target of $47.50
Jefferies upgraded Kennametal from Hold to Buy and set a new price target of $40.00
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
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HOUSTON, March 17, 2026 (GLOBE NEWSWIRE) -- NOV Inc. (NYSE:NOV) announced today that Sanjay Chowbey has been appointed to the Company's Board of Directors (the "Board"), effective March 17, 2026. "We are pleased to welcome Sanjay Chowbey to our board of directors," said Jose Bayardo, Chairman, President, and Chief Executive Officer. "Sanjay brings a successful track record of leading high-quality global industrial companies and extensive experience driving manufacturing and operational excellence. We are confident that Sanjay's expertise will help drive additional value for NOV's shareholders." Mr. Chowbey has more than 20 years of experience leading global manufacturing and industrial t
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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Sales of $593 million increased 22 percent and 19 percent on a reported and organic basis, respectivelyOperating income of $79 million and adjusted operating income of $82 million, up 80 percent and 64 percent, respectivelyEarnings per diluted share (EPS) of $0.75 and adjusted EPS of $0.77, up 85 percent and 65 percent, respectivelyCompany raises annual sales and adjusted EPS OutlookPITTSBURGH, May 6, 2026 /PRNewswire/ -- Kennametal Inc. (NYSE:KMT) (the "Company") today reported results for its fiscal 2026 third quarter ended March 31, 2026. "Our third quarter results exceeded the high end of our sales and adjusted EPS Outlook, primarily due to the unprecedented rise in tungsten pricing and
PITTSBURGH, April 15, 2026 /PRNewswire/ -- Kennametal Inc. (NYSE:KMT) will host its third quarter fiscal year 2026 earnings call on Wednesday, May 6, 2026. The press release and presentation will be available on the Company's website before market on May 6. Details of the conference call and webcast are as follows:When: Wednesday, May 6, 2026 at 9:30 am ETHosts:Sanjay Chowbey, President and CEOPatrick Watson, Vice President and CFOWebcast: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 industrial techn
Sales of $530 million increased 10 percent on both a reported and organic basisOperating income of $53 million and adjusted operating income of $56 million, up 66 percent and 68 percent, respectivelyEarnings per diluted share (EPS) of $0.44 and adjusted EPS of $0.47, up 92 percent and 89 percent, respectivelyCompany raises sales and adjusted EPS annual OutlookPITTSBURGH, Feb. 4, 2026 /PRNewswire/ -- Kennametal Inc. (NYSE:KMT) (the "Company") today reported results for its fiscal 2026 second quarter ended December 31, 2025. "We are pleased with our second quarter results, which exceeded the high end of our sales and adjusted EPS Outlook, driven by volume in the quarter, largely from buy-ahea
PITTSBURGH, Jan. 14, 2026 /PRNewswire/ -- Kennametal Inc. (NYSE:KMT) will host its second quarter fiscal year 2026 earnings call on Wednesday, February 4, 2026. The press release and presentation will be available on the Company's website before market on February 4. Details of the conference call and webcast are as follows: When: Wednesday, February 4, 2026 at 9:00 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 Kennametal With over 85 year
Sales of $498 million increased 3 percent on both a reported and organic basisOperating income of $38 million and adjusted operating income of $41 million, up 4 percent and 11 percent, respectivelyEarnings per diluted share (EPS) of $0.30 and adjusted EPS of $0.34, up 8 percent and 18 percent, respectivelyReturned approximately $25 million to shareholders; $10 million in share repurchases and $15 million in dividendsCompany raises sales and adjusted EPS annual OutlookPITTSBURGH, Nov. 5, 2025 /PRNewswire/ -- Kennametal Inc. (NYSE:KMT) (the "Company") today reported results for its fiscal 2026 first quarter ended September 30, 2025. "Our first quarter started off strong with share gains and mo
PITTSBURGH, Oct. 15, 2025 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) will host its first quarter fiscal year 2026 earnings call on Wednesday, November 5, 2025. The press release and presentation will be available on the Company's website before market on November 5. Details of the conference call and webcast are as follows: When: Wednesday, November 5, 2025, 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's investor relations website at https://investors.kennametal.com/ - click "Event" (located in the blue Quarterly Earnings block) About KennametalWith over 85
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