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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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November 17, 2014
09:52 EDTKMTKennametal CEO selection likely to be viewed positively, says Wells Fargo
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08:44 EDTKMTKennametal names Nolan as CEO to replace retiring Cardoso
The board of directors of Kennametal announced the appointment of Donald Nolan as the company's president, chief executive officer and member of the board of directors, while electing William Newlin, lead director, to serve as chairman of the board, both effective Nov. 17, facilitating a clear-cut, transparent transition of immediate effect. As previously announced, Carlos Cardoso's retirement is effective Dec. 31.
November 14, 2014
09:45 EDTKMTKennametal reports consolidated orders up 7% in three months end October
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