Kennametal boosts full-year outlook after strong third-quarter results

9 articles · Updated · MarketWatch · May 6

The Pittsburgh tool maker lifted sales guidance to $2.33-$2.35 billion and adjusted EPS to $3.75-$4.00, after quarterly revenue rose 22% to $592.6 million and profit reached $58.2 million.
Adjusted third-quarter EPS was 77 cents, beating analysts' 67-cent estimate, while revenue topped the $568.0 million consensus; shares jumped 17% in premarket trading.
Chief executive Sanjay Chowbey said higher tungsten prices and stronger volume drove the outperformance, as supply remains constrained partly by new Chinese export restrictions.

Is China's control of the tungsten market a strategic error that will ultimately accelerate the decline of its own dominance?

As the West rushes for critical minerals, what are the overlooked environmental costs of breaking China's supply chain control?