KennametalNYSE: KMT

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 restart of our Rogers facility is a testament to the great teamwork of our local team and the tremendous support and coordination of expert resources across the entire organization," said Sanjay Chowbey, President and CEO of Kennametal Inc. "Our team worked around the clock to ensure operations could resume safely and we continue to take important steps forward every day to meet customers' expectations.

PITTSBURGH , May 28, 2024 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) ("the Company") announced today that its production facility in Rogers, AR, sustained damage early Sunday morning from a tornado that also affected the larger Rogers community. At the time of the storm, the facility was shut down for the holiday weekend and no employees were onsite.

Kennametal (KMT) lacks the necessary ingredients for a potential earnings beat in its upcoming report. Be sure to be aware of the key expectations.

Kennametal (KMT) is poised to gain from the strong performance in the Metal Cutting division and its innovation strengths. Yet, the company is still facing challenges in the Infrastructure segment.

Lower volume in aerospace and defense end markets, and increasing costs are weighing on Kennametal (KMT). Unfavorable foreign currency movement is an added concern.

Kennametal (KMT) reported earnings 30 days ago. What's next for the stock?

Kennametal's (KMT) fiscal second-quarter 2024 results benefit from the solid performance of the Metal Cutting segment.

Kennametal Inc. (KMT) Q2 2024 Earning Call Transcript

The headline numbers for Kennametal (KMT) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.