Last $42.61 USD
Change Today -0.59 / -1.37%
Volume 537.9K
As of 8:04 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

kennametal inc (KMT) Snapshot

Open
$43.36
Previous Close
$43.20
Day High
$43.47
Day Low
$42.47
52 Week High
12/31/13 - $52.37
52 Week Low
01/30/14 - $38.85
Market Cap
3.4B
Average Volume 10 Days
400.2K
EPS TTM
$2.29
Shares Outstanding
79.0M
EX-Date
08/8/14
P/E TM
18.6x
Dividend
$0.72
Dividend Yield
1.69%
Current Stock Chart for KENNAMETAL INC (KMT)

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kennametal inc (KMT) Details

Kennametal Inc. manufactures and supplies tooling, engineered components, and advanced materials consumed in production processes worldwide. The company operates in two segments, Industrial and Infrastructure. It offers standard and customized technologies for metalworking, such as metal cutting tools, tooling systems and services, and materials, including cemented tungsten carbide products, super alloys, coatings, and investment castings. It also manufactures and markets a line of tool holders, tool-holding systems, and rotary-cutting tools by machining and fabricating steel bars and other metal alloys; and tungsten metallurgical powders, heavy alloys, and carbide products. In addition, the company produces compacts and metallurgical powders; products made from tungsten carbide or other hard materials that are used for custom-engineered and applications, including mining and highway construction; and engineered components and surface technology solutions with proprietary metal cladding capabilities, as well as process technology and materials that focus on component deburring, polishing, and effecting controlled radii. The Industrial segment serves customers primarily in the aerospace, defense, transportation, and general engineering market sectors, as well as the machine tool industry; and offers its products and services for use in the manufacture of engines, airframes, automobiles, trucks, ships, and various types of industrial equipment. The Infrastructure segment serves customers in energy and earthworks sectors who support primary industries, such as oil and gas; power generation; food and beverage; chemicals; underground, and surface and hard-rock mining, highway construction, and road maintenance. The company sells its products through direct sales force; network of independent distributors and sales agents; and Internet. Kennametal Inc. was founded in 1938 and is headquartered in Latrobe, Pennsylvania.

13,521 Employees
Last Reported Date: 08/13/14
Founded in 1938

kennametal inc (KMT) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $997.9K
Chief Financial Officer and Vice President
Total Annual Compensation: $625.1K
Chief Information Officer and Vice President
Total Annual Compensation: $427.0K
Chief Marketing Officer and Vice President
Total Annual Compensation: $396.1K
Vice President of Special Projects
Total Annual Compensation: $444.0K
Compensation as of Fiscal Year 2014.

kennametal inc (KMT) Key Developments

Kennametal Inc. Proposes Amendment to its Articles of Incorporation and By-Laws

Kennametal Inc. proposed amendment to its Articles of Incorporation and By-Laws to adopt a majority voting standard for director elections and to eliminate cumulative voting, at the AGM to be held on October 28, 2014.

Kennametal Introduces Beyond Drive Cutting Tool Inserts

Kennametal Inc. has introduced new Beyond Drive cutting tool inserts. New Beyond Drive cutting tool inserts from Kennametal are helping component suppliers expand and thrive in this environment with enhanced performance and extended tool life that mean many more finished pieces per cutting edge. Specifically designed for cast irons, steels, and stainless steels that make up many critical components over a variety of industries, Kennametal's new Beyond Drive inserts are a product of ongoing design leadership, engineering, materials science, and manufacturing directly targeted to the needs of component manufacturers. Like all of Kennametal's Beyond line of products, Beyond Drive inserts feature a proprietary post-coat surface treatment that improves edge toughness, reliability, and depth-of-cut notch resistance, and a micro-polished surface to reduce friction and workpiece sticking (BUE). A fine-grained alumina layer allows for increases in cutting speed, improving productivity and reliability at high cutting temperatures. With Beyond Drive, adding a new titanium oxy-carbonitride outer coating (TiOCN) not only increases wear- and abrasion-resistance, its bronze color is also an effective wear indicator. Depending on the application, field tests are showing anywhere between 30% and 125% more parts per edge. All new Beyond inserts are CVD (chemical vapor deposition) coated, but whereas conventional CVD coatings are under tensile stress, Beyond inserts undergo a proprietary post-coat treatment on all surfaces to reduce this stress, which improves coating adhesion and reduces micro-chipping. More uniform and reliable wear of the cutting edge results in improved and more consistent tool life. Beyond Drive is available in eight grades and numerous insert styles, covering a complete range of applications for turning steel and cast iron components.

Carlos Cardoso to Retire as Chairman, President and CEO of Kennametal Inc., with Effect from December 31, 2014

Kennametal Inc. announced that Chairman, President and CEO Carlos Cardoso has decided to retire from the company effective on December 31, 2014. This will be a seamless leadership transition as the company's board of directors commences its search for Cardoso's successor, which members expect to complete before the end of the year. The search process will consider both internal and external candidates.

 

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Industry Analysis

KMT

Industry Average

Valuation KMT Industry Range
Price/Earnings 21.4x
Price/Sales 1.2x
Price/Book 1.7x
Price/Cash Flow 18.3x
TEV/Sales 0.7x
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