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Stock Market & Financial Investment News

News Breaks
December 11, 2012
10:50 EDTKMTKennametal reports orders down 2% for three months ended November
Kennametal reported orders for the 3 months ended November 30, stating that consolidated orders on a reported basis decreased by 2% compared with the prior year. Organic growth was 8% lower than the prior year period in local currency terms. In addition, the orders rates continue to reflect an unfavorable effect from foreign currency exchange, the company said. In November, Kennametalís order rates reflected a decrease from prior year levels, as order rates for the Industrial segment declined, primarily due to ongoing weakness in general engineering and transportation sectors, partially offset by continuing growth in the aerospace industry. On a year-over-year basis, the Infrastructure segment reported lower activity in both its energy and earthworks markets. Orders activity benefited from acquisition growth related to the Stellite business, the company said.
News For KMT From The Last 14 Days
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July 30, 2015
08:11 EDTKMTKennametal board increases quarterly dividend by 11%
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08:10 EDTKMTKennametal sees FY16 EPS $1.70-$2.00, consensus $2.00
The FY16 EPS guidance includes foreign currency headwinds of 30c-35c due to continued strength of the U.S. dollar. Sees FY16 organic sales to decline 1%-3%. Sees FY16 revenue down 7%-9%, consensus $2.63B. Sees restructuring benefits to range from $80M-$90M in 2016. Sees FY16 to generate cash flow from operating activities $275M-$310M. Sees FY16 CapEx $160M-$175M. Sees FY16 free operating cash flow $115M-$135M.
08:08 EDTKMTKennametal: Restructuring programs to produce ongoing savings of $115M-$135M
The previously announced restructuring programs are expected to produce combined annual ongoing pre-tax permanent savings of $115M-$135M. In total, pre-tax charges for these initiatives are expected to be approximately $185M-$205M.
08:07 EDTKMTKennametal reports Q4 Industrial segment sales down 14% to $358M
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08:07 EDTKMTKennametal reports Q4 organic sales down 10%
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08:06 EDTKMTKennametal reports Q4 adjusted EPS 46c, consensus 44c
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