Kennametal to Attend BofA Securities Industrials, Transportation & Airlines Key Leaders Conference 2025
PITTSBURGH, April 30, 2025 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) announced today that they will attend the BofA Securities Industrials, Transportation and Airlines Key Leaders Conference 2025 in New York City.
Details of the conference are as follows:
About Kennametal
With over 85 years as an industrial technology leader, Kennametal Inc. delivers productivity to customers through materials science, tooling and wear-resistant solutions. Customers across aerospace and defense, earthworks, energy, general engineering and transportation turn to Kennametal to help them manufacture with precision and efficiency. Every day approximately 8,400 employees are helping customers in nearly 100 countries stay competitive. Kennametal generated $2 billion in revenues in fiscal 2024. Learn more at www.kennametal.com. Follow @Kennametal: Instagram, Facebook, LinkedIn and YouTube.
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SOURCE Kennametal Inc.
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Lead Plaintiff Deadline is June 16, 2025 for Investors of Ibotta, Inc.
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(In December, Gouw bought a reported 2% stake in the team, worth some $100 million.) In the mid 1980s, only 40% of students at Gouw's upstate New York high school went on to college. 'Someone once told me that you can improve your chances at luck by working hard and getting a good education,' Gouw told Forbes in 2023. So she worked her way into Brown University, where she majored in engineering (and now serves on its board of trustees), graduated, consulted for Bain & Company for a couple years, then earned an M.B.A. from Stanford in 1996. She cofounded a software startup around then, but jumped ship in 1999 to work at Silicon Valley-based venture firm Accel, where she spent the next 15 years. There she rose to become a managing partner of the fund that in 2005 bet on Facebook when it was just a scrappy, year-old startup fresh out of Mark Zuckerberg's Harvard dorm room. 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In 2020, lawyer and Fisk trustee Zimmerman approached Gouw with an idea to get Acrew to donate a fully-funded investor interest in the fund to the historically Black university. ' I'd love to,' Zimmerman recalls Gouw saying immediately, then writing a $1 million check to Fisk to cover the investment in Acrew's fund. Zimmerman, who has represented Acrew in fundraising transactions and is himself an investor in Acrew, added that Gouw has quietly become one of the largest donors to Fisk. Regardless of what happens to the investment, Zimmerman says the inclusion of Fisk as an investor helps because it's shown Fisk that 'this is what happens when you're in a venture fund.' HBCUs like Fisk—which has a $37 million endowment, tiny compared to Stanford's $37 billion—and other smaller colleges have never really been able to access the top VC funds that have helped to drive the exponential growth of the country's biggest university endowments. 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Acrew's initial fund, which made its first investment in 2019, has an 8% internal rate of return so far, per data provider Preqin, putting it in the third quartile of firms that started investing that same year. Taken together, it's too early to tell how the firm's strategy will play out, since venture returns typically materialize over the course of a decade. Plus, succeeding as an upstart venture firm is certainly harder than it was a few years ago. It's more difficult to raise funding now amid rising interest rates and threats of sweeping global tariffs. That's coupled with a more hostile political environment for diversity-forward businesses. 'Diversity, equity and inclusion have become terms that people now shy away from,' Zimmerman says. ' The waters have receded in terms of the popularity of both the sentiment and putting dollars behind the sentiment … but the problem has not changed,' referring to diversity among venture capital leaders, investors and founders. Acrew appears to be hedging a bit, too. In the firm's October announcement of its fresh funds, there is no explicit mention of diversity or diverse voices—but rather a focus the firm's thesis-driven approach of investing in companies in the data & security and fintech sectors. In December, Acrew announced a new thesis focused on companies in the health space. In April, the firm released a report called 'All In on AI.' 'Funds are optimizing for fundraising ability instead of necessarily the substance,' says independent venture capital investor Andrew Chan, who wrote a blog post titled 'The Failure of DEI In Venture Capital' earlier this year. 'They'll play to trends that work.' Still, Acrew touts the diversity of its founding team prominently on its website: 55% identify as female, 48% as Asian/Pacific Islander and 14% as Black, Indigenous or other people of color. And Kolodny says that Gouw's success stands on its own as a way to encourage diversity in venture capital. 'It's important for young women and young Asian American women to see someone like [Gouw] achieve what she's achieving,' she says. Or, as Zimmerman put it in a 2022 social media post: 'Theresia leads by quiet example. It has, however, been brought to my attention that if we are more public about these examples, others will follow.'
USA Today
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