KMT / Kennametal (KMT) Announces $100M Cost-Reduction Program

Kennametal (KMT) came out with quarterly earnings of $0.41 per share, beating the Zacks Consensus Estimate of $0.35 per share. This compares to earnin more_horizontal

Kennametal: Valuation Analysis Using The Dividend Points To Lower Prices Over The Near-Term more_horizontal

Sales are increasing, boosted by share price raises, but demand is slowing. Profit margins have improved, but future profitability is uncertain due to more_horizontal

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Neverthe more_horizontal

Kennametal (KMT) benefits from strength in the general engineering and energy end markets within the Metal Cutting segment. Kennametal's measures to r more_horizontal

Kennametal (KMT) plans to shut down three to five plants and reduce inventory levels as part of its $100 million cost-reduction program. more_horizontal

Kennametal's (KMT) fiscal fourth-quarter 2023 operating margin decrease 160 bps year over year due to high raw material costs, wages and lower sales v more_horizontal

While the top- and bottom-line numbers for Kennametal (KMT) give a sense of how the business performed in the quarter ended June 2023, it could be wor more_horizontal