A cutting tool for forming a finished part from a rotating workpiece includes a first cutting edge extending from a first end of the cutting tool, a second cutting edge extending from a second end of the cutting tool, and a shaping edge disposed between the first cutting edge and the second cutting edge. The first cutting edge is operable to remove a trailing end of the rotating workpiece and the second cutting edge is operable to remove a working portion of the rotating workpiece disposed between the trailing end and a leading end. The shaping edge is operable to shape the working portion of the rotating workpiece by advancing the cutting tool into the rotating workpiece until the first cutting edge removes the trailing end of the rotating workpiece and the second cutting edge removes the working portion of the rotating workpiece to form the finished part.