Kennametal Inc. (NYSE: KMT) announced today that it has raised $850,000 in support of the United Way and its agencies during the company's 2016 North American campaign.
Nearly 960 Kennametal team members pledged $470,000 to the campaign through annual contributions that will go directly back to their local communities. The company raised an additional $239,000 through a variety of events, most notably its annual Strategic Supplier Golf Outing. The Kennametal Foundation contributed nearly $91,000, of which $3,400 was a direct match for team member contributions in honor of late friend and neighbor Arnold Palmer. An additional donation of $50,000 from a matching grant provider brought the final total to $850,000.
"Giving back to our communities has always been a proud part of Kennametal's history," said Kennametal President and CEO Ron De Feo. "This year's response from team members has been heartfelt, exceeding last year's campaign efforts by 23 percent. Because of their generosity, we'll be able to help thousands of struggling families, individuals and children in our communities."
"Kennametal has been an exceptional and long-standing community partner with the United Way," said Bobbi Watt Geer, regional vice president for United Way of Southwestern Pennsylvania. "This year's campaign demonstrates the Kennametal team's commitment to advancing educational opportunities, increasing financial stability and enhancing health for people in need in our local community and all of the communities in which they have a presence."
Since 1998, Kennametal team members have helped to donate more than $9 million to the United Way and its partner agencies.
At the forefront of advanced materials innovation for more than 75 years, Kennametal Inc. is a global industrial technology leader delivering productivity to customers through materials science, tooling and wear-resistant solutions. Customers across aerospace, earthworks, energy, general engineering and transportation turn to Kennametal to help them manufacture with precision and efficiency. Every day over 12,000 employees are helping customers in more than 60 countries stay competitive. Kennametal generated nearly $2.1 billion in revenues in fiscal 2016. Learn more at www.kennametal.com.