Here's Why You Should Avoid Kennametal (KMT) Stock for Now [Yahoo! Finance]
Kennametal Inc. (KMT)
Last kennametal inc. earnings: 2/3 04:01 pm
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US:NYSE Investor Relations:
kennametal.gcs-web.com/investor-overview
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Source: Yahoo! Finance
Let's discuss the factors that might continue taking a toll on the Zacks Rank #5 (Strong Sell) player. Factors Affecting Kennametal Business Weakness: Softness in the Infrastructure segment can be attributed to lower volume in aerospace and defense, general engineering, energy and earthwork end markets. The aerospace and defense end markets are experiencing weakness due to defense order timing. Lower sales in Europe, the Middle East and Africa are worrisome for the general engineering end market. Lower construction volume in the Americas is worrisome for the earthworks end market. Also, lower-than-expected U.S. land rig counts and continued destocking of inventory are hurting the energy end market's revenues. Escalating Costs: Cost inflation poses a concern for KMT. In the second quarter of fiscal 2024 (ended December 2023), the company's operating expenses increased 1.5% year over year due to higher input costs. The cost of goods sold also increased 0.4% year over year. In the
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KMT
News
- Kennametal to Attend BofA Securities Transportation, Airlines and Industrial Conference 2024PR Newswire
- Kennametal to Host Earnings Conference Call & Webcast on Third Quarter Fiscal 2024 ResultsPR Newswire
- What Makes Kennametal (KMT) an Investment Opportunity? [Yahoo! Finance]Yahoo! Finance
- Kennametal (KMT) Exhibits Strong Prospects Despite Headwinds [Yahoo! Finance]Yahoo! Finance
- Is Kennametal Inc.'s (NYSE:KMT) Stock On A Downtrend As A Result Of Its Poor Financials? [Yahoo! Finance]Yahoo! Finance
KMT
Earnings
- 2/7/24 - Beat
KMT
Sec Filings
- 3/14/24 - Form 8-K
- 3/8/24 - Form 4
- 3/7/24 - Form 144
- KMT's page on the SEC website