Kennametal Inc. Files 2024 Annual Report

TL;DR

Kennametal's 2024 10-K is in. Check financials and strategy.

AI Summary

Kennametal Inc. filed its 10-K for the fiscal year ending June 30, 2024, reporting on its financial performance and business operations. The company, headquartered in Pittsburgh, PA, is a manufacturer in the machine tools and metal cutting industry. This filing provides a comprehensive overview of its financial health, strategic initiatives, and risk factors for investors.

Why It Matters

This 10-K filing provides crucial insights into Kennametal's financial standing and strategic direction for the fiscal year 2024, impacting investor decisions and market perception.

Risk Assessment

Risk Level: medium — The filing is a standard annual report and does not inherently indicate elevated risk without further analysis of its contents.

Key Numbers

• FY 2024 — Fiscal Year End (The period covered by the 10-K filing.)
• 0630 — Fiscal Year End Month/Day (Indicates the end of the company's fiscal year.)

Key Players & Entities

• KENNAMETAL INC (company) — Filer of the 10-K report
• 20240630 (date) — Fiscal year end date
• Pittsburgh, PA (location) — Company headquarters and mailing address
• 4122488000 (phone_number) — Company business phone number
• New York Stock Exchange (company) — Exchange where Kennametal Inc. is listed

FAQ

Key Financial Figures

• $1.25 — ch registered Capital Stock, par value $1.25 per share KMT New York Stock Exchange
• $6.5 million — or total consideration of approximately $6.5 million. Goodwill of approximately $3.8 million
• $3.8 million — $6.5 million. Goodwill of approximately $3.8 million was recorded in the Metal Cutting segme
• $11.0 million — 23, the balances of these accruals were $11.0 million and $12.0 million, respectively. These
• $12.0 m — f these accruals were $11.0 million and $12.0 million, respectively. These accruals rep

Filing Documents

• kmt-20240630.htm (10-K) — 2353KB
• kmt630202410kex49.htm (EX-4.9) — 15KB
• kmt630202410kex106.htm (EX-10.6) — 3KB
• kmt630202410kex1056.htm (EX-10.56) — 3KB
• kmt630202410kex1067.htm (EX-10.67) — 90KB
• kmt630202410kex191.htm (EX-19.1) — 76KB
• kmt630202410kex21.htm (EX-21) — 18KB
• kmt630202410kex23.htm (EX-23) — 3KB
• kmt630202410kex311.htm (EX-31.1) — 10KB
• kmt630202410kex312.htm (EX-31.2) — 10KB
• kmt630202410kex321.htm (EX-32.1) — 5KB
• kmt630202410kex971.htm (EX-97.1) — 31KB
• kmt-20240630_g1.jpg (GRAPHIC) — 490KB
• 0000055242-24-000055.txt ( ) — 15971KB
• kmt-20240630.xsd (EX-101.SCH) — 85KB
• kmt-20240630_cal.xml (EX-101.CAL) — 80KB
• kmt-20240630_def.xml (EX-101.DEF) — 618KB
• kmt-20240630_lab.xml (EX-101.LAB) — 1153KB
• kmt-20240630_pre.xml (EX-101.PRE) — 975KB
• kmt-20240630_htm.xml (XML) — 2468KB

SIGNATURES

SIGNATURES 70 PART IV 15. Exhibits, Financial Statement Schedules 72 16. Form 10-K Summary 77 2 Table of Contents FORWARD-LOOKING INFORMATION

- BUSINESS

ITEM 1 - BUSINESS OVERVIEW With more than 85 years of materials expertise, Kennametal Inc. (the Company) is a global industrial technology leader, that helps customers across the Aerospace & Defense, Earthworks, Energy, General Engineering and Transportation end markets build their products with precision and efficiency. The Company was founded based on a tungsten carbide technology breakthrough in 1938 and was incorporated in Pennsylvania in 1943 as a manufacturer of tungsten carbide metal cutting tooling. In 1967, it was listed on the New York Stock Exchange (NYSE) with the stock ticker KMT. The Company's core expertise includes the development and application of tungsten carbides, ceramics, super-hard materials and solutions used in metal cutting and extreme wear applications to keep customers up and running longer against conditions such as corrosion and high temperatures. We bring together material science, technical expertise, innovation and customer service in a way that allows us to anticipate customers' needs and help them overcome problems and achieve their manufacturing objectives. Our standard and custom product offering spans metal cutting and wear applications including turning, milling, hole making, tooling systems and services, as well as specialized wear components and metallurgical powders. End users of the Company's metal cutting products include manufacturers engaged in a diverse array of industries including: transportation vehicles and components, machine tools and light and heavy machinery; airframe and aerospace components; and energy-related components for the oil and gas industry, as well as power generation. The Company's wear and metallurgical powders are used by producers and suppliers in equipment-intensive operations such as road construction, mining, quarrying, oil and gas exploration, refining, production and supply, and for aerospace and defense. Unless otherwise specified, any reference to a "year" refers to our fiscal year end

View Full Filing

View this 10-K filing on SEC EDGAR