OverviewSuggest Edit

Kennametal is a company developing and applying 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. 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. 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, Kennametal 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.
TypePublic
Founded1938
HQPittsburgh, PA, US
Websitekennametal.com
Employee Ratings3.6
Overall CultureA-

Latest Updates

Employees (est.) (Jun 2021)8,635(-4%)
Job Openings225
Revenue (FY, 2021)$1.8 B(-2%)
Share Price (Sept 2021)$36.2(-1%)
Cybersecurity ratingBMore

Key People/Management at Kennametal

Lawrence W. Stranghoener

Lawrence W. Stranghoener

Chairman
Christopher Rossi

Christopher Rossi

President and Chief Executive Officer, Director
Damon Audia

Damon Audia

Vice President and Chief Financial Officer
Judith L. Bacchus

Judith L. Bacchus

Vice President and Chief Administrative Officer
Sanjay Chowbey

Sanjay Chowbey

Vice President Kennametal Inc. & President, Metal Cutting Segment
Franklin Cardenas

Franklin Cardenas

Vice President, Kennametal Inc. and President, Infrastructure Segment
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Kennametal Office Locations

Kennametal has offices in Pittsburgh, Bengaluru, Żory, Singapore and in 2 other locations
Pittsburgh, PA, US (HQ)
525 William Penn Place, 525 William Penn Pl #3300
Bengaluru, IN
8/9th Mile, Tumkur Road, Manjunatha Nagar, Bagalakunte
Żory, PL
Żorski Park Przemysłowy, Boczna 8
Singapore, SG
3A International Business Park, Unit #01-02/03/05, ICON@IBP
Neuhausen am Rheinfall, CH
50 Rheingoldstrasse
Istanbul, TR
Esenkent, 110 Sok. DES Sanayi Sitesi No:45 D:29 Blok
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Kennametal Financials and Metrics

Kennametal Revenue

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Kennametal's revenue was reported to be $1.84 b in FY, 2021
USD

Revenue (FY, 2021)

1.8b

Gross profit (FY, 2021)

552.5m

Gross profit margin (FY, 2021), %

30%

Net income (FY, 2021)

58.4m

EBIT (FY, 2021)

102.2m

Market capitalization (9-Sept-2021)

3.0b

Closing stock price (9-Sept-2021)

36.2

Cash (30-Jun-2021)

154.0m

EV

3.5b
Kennametal's current market capitalization is $3 b.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020FY, 2021

Revenue

2.4b2.7b2.6b2.8b2.6b2.1b2.1b2.4b2.4b1.9b1.8b

Revenue growth, %

(7%)(21%)(2%)15%

Cost of goods sold

1.5b1.7b1.7b1.9b1.8b1.5b1.4b1.5b1.5b1.4b1.3b

Gross profit

884.4m994.3m845.0m897.0m806.0m616.1m657.7m832.3m831.5m529.5m552.5m
Quarterly
USDQ1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Revenue

529.2m565.8m614.8m658.9m641.7m696.4m629.5m633.1m655.4m619.8m689.9m755.2m694.9m675.6m639.0m555.4m524.0m497.8m477.1m487.6m528.6m542.5m571.3m1.7b586.7m587.4m597.2m518.1m505.1m483.1m400.3m440.5m484.7m

Cost of goods sold

340.4m365.7m384.8m407.8m409.9m450.0m421.1m433.7m446.9m421.6m483.0m516.3m476.8m476.2m439.5m404.1m383.2m340.5m333.6m340.0m342.4m357.5m378.8m1.1b375.6m388.8m389.1m379.1m373.1m326.1m295.2m319.0m334.5m

Gross profit

188.7m200.0m230.0m251.1m231.9m246.4m208.3m199.4m208.5m198.2m207.0m239.0m218.1m199.5m199.5m151.2m140.8m157.4m143.5m147.6m186.3m185.0m192.5m597.0m211.1m198.6m208.1m139.0m132.0m157.0m105.1m121.5m150.2m

Gross profit Margin, %

36%35%37%38%36%35%33%32%32%32%30%32%31%30%31%27%27%32%30%30%35%34%34%35%36%34%35%27%26%33%26%28%31%
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020FY, 2021

Cash

204.6m116.5m377.3m177.9m105.5m161.6m190.6m556.2m182.0m606.7m154.0m

Accounts Receivable

447.8m479.0m445.3m630.0k380.4m401.3m379.9m238.0m302.9m

Prepaid Expenses

55.0m50.6m48.3m57.4m

Inventories

520.0m585.9m578.8m703.8m575.5m458.8m487.7m525.5m571.6m522.4m476.3m
Quarterly
USDQ1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Cash

124.2m147.2m184.2m102.5m128.5m125.5m110.5m216.8m322.1m333.3m163.3m161.8m156.2m146.3m146.2m97.2m139.0m136.6m119.4m102.0m100.8m110.7m159.9m221.9m102.1m96.3m112.6m113.5m105.2m85.2m98.3m103.2m114.3m

Accounts Receivable

342.8m340.5m418.5m420.7m404.9m481.8m437.7m412.6m442.5m392.9m386.7m380.7m403.4m327.6m310.4m304.2m250.0m275.2m303.2m

Prepaid Expenses

48.8m47.6m52.5m48.6m56.2m51.8m48.4m56.1m48.5m68.1m63.5m63.5m58.2m67.1m97.8m

Inventories

418.0m426.0m466.1m559.5m571.1m630.9m624.3m619.5m575.9m631.8m730.7m738.9m709.9m662.9m632.5m549.6m477.5m485.4m459.3m449.9m490.2m514.7m507.5m537.2m569.3m578.6m588.6m557.1m522.5m516.8m508.7m497.2m476.2m
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020FY, 2021

Net Income

229.7m307.2m203.3m162.2m(371.0m)(223.9m)52.0m205.1m247.9m(5.0m)54.4m

Depreciation and Amortization

81.9m104.1m113.1m104.0m26.7m117.5m107.7m108.7m112.1m119.9m126.5m

Inventories

(124.1m)(63.8m)5.9m(5.3m)70.9m69.6m(24.3m)(37.2m)(53.4m)28.2m61.3m

Accounts Payable

100.3m(57.0m)(90.4m)991.0k54.6m(5.0m)(49.4m)(46.3m)46.8m
Quarterly
USDQ1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Net Income

34.9m78.4m143.1m72.0m145.7m221.2m46.4m88.5m142.4m38.6m24.2m52.0m40.1m(387.7m)(45.6m)(5.7m)(168.8m)16.7m(21.2m)7.9m39.7m39.6m81.8m134.9m58.4m114.7m184.8m7.4m1.2m3.4m(20.9m)(610.0k)22.4m

Depreciation and Amortization

19.8m39.9m60.2m20.7m41.3m63.2m23.9m45.5m69.3m7.0m6.9m6.4m6.2m5.6m4.4m4.3m4.2m4.2m53.4m81.0m27.6m54.9m82.9m31.1m60.8m89.5m30.9m62.2m93.7m

Inventories

(34.0m)(45.1m)(74.7m)(62.7m)(83.4m)(85.3m)(31.6m)(22.9m)9.2m549.6m477.5m485.4m459.3m449.9m490.2m514.7m(9.1m)(32.9m)(48.6m)(59.2m)(71.8m)2.7m34.3m29.9m23.3m46.7m58.1m

Accounts Payable

(9.6m)(21.2m)37.3m(64.7m)(67.3m)(57.0m)(89.2m)(135.8m)(132.2m)177.7m151.6m169.3m176.0m168.9m190.8m186.3m(66.6m)(15.7m)(52.7m)(82.8m)(57.2m)(47.1m)(28.5m)(34.4m)(8.2m)(9.6m)28.1m
USDQ1, 2011

Financial Leverage

1.7 x
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Kennametal Revenue Breakdown

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Kennametal revenue breakdown by business segment: 54.6% from Industrial, 8.4% from Widia and 37.0% from Infrastructure

Kennametal revenue breakdown by geographic segment: 11.5% from China, 41.0% from United States, 14.0% from Germany and 33.6% from Other

Kennametal Cybersecurity Score

Cybersecurity ratingPremium dataset

B

86/100

SecurityScorecard logo

Kennametal Online and Social Media Presence

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Kennametal Company Culture

  • Overall Culture

    A-

    73/100

  • CEO Rating

    C

    65/100

  • Compensation

    A

    78/100

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Kennametal News and Updates

Here’s Why Kennametal Stock Is Vulnerable To Downside Risk

We believe that the stock price of Kennametal, a tooling and industrial materials supplier, looks fully valued at current levels of around $38. KMT stock has risen 2.5x from levels of under $15 on March 23, 2020, when broader markets made a bottom. This compares to the S&P which has risen 89% ov…

Kennametal Announces President of Metal Cutting Segment

PITTSBURGH, May 20, 2021 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) today announced that effective June 14, 2021, Sanjay Chowbey will join the company as President, Metal Cutting. Chowbey comes to the company most recently from Flowserve, where he was President of Services and Solutions....

Kennametal, Clean Harbors: Industrial Stocks To Play The Recovery

The industrials sector has underperformed this year, as Covid-19 related lockdowns impacted the performance of companies over the last two quarters, while investors also favored higher-growth, asset-light sectors such as technology. However, there are several trends that could benefit industrials...

Rexnord, Kennametal, Heico: Industrial Stocks Poised To Gain As The Economy Recovers

Our theme Industrial Stocks To Play The Recovery - which includes a range of industrial companies that have strong fundamentals, but have under performed the market - is down by about -6.7% year-to-date, versus a 3.4% gain for the S&P 500.The theme has returned 45% since 2017,compared to about 2…

Kennametal to Attend Jefferies Virtual Industrials Conference

PITTSBURGH, Aug. 6, 2020 /PRNewswire/ -- Kennametal (NYSE: KMT) announced today that they will attend the Jefferies Virtual Industrials Conference. Details of the conference are as follows: When: Thursday, August 6, 2020 Attendees: Chris Rossi, President and Chief Executive Officer Damon...

Kennametal Accelerates Structural Changes from Simplification/Modernization; Outlines Cost-Control Actions to Mitigate COVID-19 Headwinds

PITTSBURGH, June 9, 2020 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) today is providing an update on its ongoing Simplification/Modernization initiative. In addition, it is announcing continuing cost-control actions to mitigate the lower market conditions associated with COVID-19....
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Kennametal Frequently Asked Questions

  • When was Kennametal founded?

    Kennametal was founded in 1938.

  • Who are Kennametal key executives?

    Kennametal's key executives are Lawrence W. Stranghoener, Christopher Rossi and Damon Audia.

  • How many employees does Kennametal have?

    Kennametal has 8,635 employees.

  • What is Kennametal revenue?

    Latest Kennametal annual revenue is $1.8 b.

  • What is Kennametal revenue per employee?

    Latest Kennametal revenue per employee is $213.3 k.

  • Who are Kennametal competitors?

    Competitors of Kennametal include RHI Magnesita, Hitchiner Manufacturing and Oerlikon.

  • Where is Kennametal headquarters?

    Kennametal headquarters is located at 525 William Penn Place, 525 William Penn Pl #3300, Pittsburgh.

  • Where are Kennametal offices?

    Kennametal has offices in Pittsburgh, Bengaluru, Żory, Singapore and in 2 other locations.

  • How many offices does Kennametal have?

    Kennametal has 6 offices.