New User:

-or-
Username:
Password:
Forgot your password?

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
Check below for free stories on KMT the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
April 7, 2014
10:00 EDTKMTOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
06:41 EDTKMTKennametal downgraded to Underperform from Neutral at BofA/Merrill
As previously reported, BofA/Merrill downgraded Kennametal to Underperform from Neutral. The firm has concerns regarding margin trends in the core business and the recent Allegheny acquisition and that expectations are overly optimistic. Price target lowered to $42.
06:04 EDTKMTKennametal downgraded to Underperform from Neutral at BofA/Merrill
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use