Kennametal is experiencing growth in infrastructure, but facing challenges in transportation and engineering

From Zacks Investment Research: 2025-01-14 13:44:10

Kennametal Inc. (KMT) is seeing growth in its Infrastructure segment, with revenues up 0.4% in Q1 of fiscal 2025. The company is benefiting from positive trends in key end markets and investments in product development. Despite this, softness in transportation and general engineering end markets is affecting revenues, with a projected decrease for fiscal 2025. Kennametal’s operating expenses and inflationary pressures are impacting its bottom line. However, the company remains focused on rewarding shareholders through dividends and share buybacks. In comparison, Graham Corporation (GHM), Applied Industrial Technologies (AIT), and Generac Holdings (GNRC) are also showing promise with strong earnings surprises and consensus estimates.



Read more at Zacks Investment Research: Here’s Why Investors Should Retain Kennametal Stock Right Now – January 14, 2025