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Kennametal Inc. engages in development and application of tungsten carbides, ceramics, and hard materials and solutions worldwide. It operates through two segments, Metal Cutting and Infrastructure. The Metal Cutting segment offers milling, hole making, turning, threading, and toolmaking systems used in the manufacture of airframes, aero engines, trucks and automobiles, ships, and various types of industrial equipment under the Kennametal, WIDIA, WIDIA Hanita, and WIDIA GTD brands through its direct sales force, a network of independent and national distributors, integrated supplier channels, and digitally. Its Infrastructure segment produces engineered tungsten carbide and ceramic components, earth-cutting tools, and metallurgical powders, such as 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 powders for the oil and gas, aerospace, and process industries; high temperature critical wear components, tungsten penetrators, and armor solutions for aerospace and defense; and ceramics used by the packaging industry for metallization of films and papers under the Kennametal brand through a direct sales force and distributors. The company was founded in 1938 and is based in Pittsburgh, Pennsylvania.
Resilient Performance | Kennametal surpasses EPS estimates despite industry headwinds, showcasing strong execution capabilities and strategic focus on market share gains |
Navigating Challenges | Explore how Kennametal adapts to sluggish demand and volatile macroeconomic conditions while maintaining a wide guidance range for prudent management |
Growth Catalysts | Delve into Kennametal's potential for accelerated growth through market share expansion and the positive impact of the IRA production credit on profitability |
Analyst Perspectives | Barclays Capital Inc. sets price targets ranging from $22 to $31, reflecting varied outlooks on Kennametal's future performance in a dynamic industrial landscape |
Metrics to compare | KMT | Sector Sector - Average of metrics from a broad group of related Industrials sector companies | Relationship RelationshipKMTPeersSector | |
---|---|---|---|---|
P/E Ratio | 17.6x | 25.3x | 12.7x | |
PEG Ratio | −1.42 | 1.66 | 0.03 | |
Price/Book | 1.3x | 1.3x | 1.4x | |
Price / LTM Sales | 0.8x | 0.7x | 1.3x | |
Upside (Analyst Target) | −2.9% | 0.0% | 14.2% | |
Fair Value Upside | Unlock | 27.1% | 4.9% | Unlock |