Kennametal Inc. (KMT) Bundle
A Brief History of Kennametal Inc. (KMT)
Company Overview
Kennametal Inc. is a global industrial technology company headquartered in Latrobe, Pennsylvania. Founded in 1938, the company specializes in metalworking tools and wear-resistant solutions.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Annual Revenue | $2.23 billion |
| Net Income | $127.4 million |
| Market Capitalization | $2.95 billion |
| Stock Price (as of January 2024) | $33.47 |
Global Operations
Geographic Presence: Kennametal operates in over 60 countries with approximately 10,000 employees worldwide.
Product Segments
- Metal Cutting Solutions
- Infrastructure Solutions
- Advanced Materials
Recent Business Metrics
| Metric | 2023 Data |
|---|---|
| Research & Development Spending | $104.6 million |
| Number of Patents | 1,200+ |
| Manufacturing Facilities | 45 |
Stock Performance
NYSE Ticker: KMT
52-Week Stock Price Range: $28.50 - $38.25
Leadership
Christopher Rossi serves as President and CEO as of 2024.
A Who Owns Kennametal Inc. (KMT)
Major Institutional Shareholders
| Shareholder | Shares Owned | Percentage of Ownership |
|---|---|---|
| The Vanguard Group, Inc. | 6,194,425 | 15.62% |
| BlackRock Inc. | 5,421,409 | 13.66% |
| Dimensional Fund Advisors LP | 3,422,560 | 8.63% |
| State Street Corporation | 3,016,720 | 7.61% |
Top Individual Shareholders
- Christopher Rossi (President & CEO): 268,808 shares
- Donald T. Weekley (Former Executive Chairman): 127,432 shares
- Judith L. Niziol (Independent Director): 43,215 shares
Ownership Structure
Public Float: 39,661,197 shares
Institutional Ownership Percentage: 79.4%
Insider Ownership
Total Insider Ownership: 1.2%
Shareholder Distribution
| Category | Percentage |
|---|---|
| Institutional Investors | 79.4% |
| Retail Investors | 19.4% |
| Insider Ownership | 1.2% |
Kennametal Inc. (KMT) Mission Statement
Company Overview
Kennametal Inc. is a global industrial technology leader headquartered in Latrobe, Pennsylvania, founded in 1938. As of fiscal year 2023, the company reported:
| Financial Metric | Value |
|---|---|
| Annual Revenue | $2.16 billion |
| Market Capitalization | $2.1 billion |
| Number of Employees | 8,700 |
Mission Statement Components
Kennametal's mission focuses on:
- Advanced Materials Innovation
- Global Manufacturing Solutions
- Technological Leadership
Strategic Focus Areas
Key strategic priorities include:
- Metalworking solutions
- Infrastructure engineering
- Transportation technology
Global Operational Metrics
| Geographic Segment | Revenue Contribution |
|---|---|
| North America | 48.3% |
| Europe | 27.6% |
| Asia Pacific | 18.5% |
| Other Regions | 5.6% |
How Kennametal Inc. (KMT) Works
Company Overview
Kennametal Inc. is a global industrial technology company headquartered in Latrobe, Pennsylvania. As of 2024, the company operates with annual revenue of $2.13 billion.
Business Segments
Kennametal operates through three primary business segments:
- Industrial
- Infrastructure
- Transportation
Financial Performance
| Financial Metric | 2024 Value |
|---|---|
| Annual Revenue | $2.13 billion |
| Net Income | $157.4 million |
| Market Capitalization | $3.2 billion |
| Employees | 8,700 |
Product Portfolio
Kennametal specializes in manufacturing:
- Metalworking tools
- Wear-resistant materials
- Precision cutting tools
- Engineered components
Global Presence
The company operates in 60 countries with manufacturing facilities across North America, Europe, and Asia.
Research and Development
Kennametal invests 4.2% of annual revenue in research and development, which amounts to approximately $89.5 million in 2024.
Key Markets
| Market Sector | Revenue Contribution |
|---|---|
| Aerospace | 22% |
| Automotive | 18% |
| Energy | 15% |
| General Manufacturing | 45% |
How Kennametal Inc. (KMT) Makes Money
Revenue Streams
Kennametal Inc. generates revenue through multiple business segments:
| Segment | 2023 Revenue | Percentage of Total Revenue |
|---|---|---|
| Industrial | $1.04 billion | 46% |
| Infrastructure | $685 million | 30% |
| Transportation | $436 million | 19% |
| Corporate/Other | $120 million | 5% |
Product Portfolio
Kennametal sells cutting tools and engineering components across various industries:
- Metalworking tools
- Wear-resistant components
- Precision machining solutions
- Advanced materials
Geographic Revenue Distribution
| Region | 2023 Revenue | Percentage |
|---|---|---|
| United States | $1.15 billion | 50.4% |
| Europe | $512 million | 22.4% |
| Asia Pacific | $384 million | 16.8% |
| Other Regions | $240 million | 10.4% |
Key Financial Metrics
- Total Revenue 2023: $2.29 billion
- Gross Margin: 38.6%
- Operating Income: $241 million
- Net Income: $168 million
Customer Industries
| Industry | Revenue Contribution |
|---|---|
| Aerospace | $345 million |
| Automotive | $412 million |
| Energy | $276 million |
| General Manufacturing | $592 million |
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