NYSE:KMTMachinery
Kennametal Guidance Raised As Pricing Power And Project Wins Support Outlook
Kennametal (NYSE:KMT) reported quarterly results with revenue above internal expectations.
The company raised its full-year revenue and adjusted EPS guidance following the quarter.
Management cited pricing actions and new project wins in aerospace, energy, and mining as key supports.
Restructuring efforts and cost improvements were noted as contributors to the updated outlook.
Kennametal, a supplier of tooling and wear resistant solutions for industrial customers, is seeing traction across...