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Stock Market & Financial Investment News

News Breaks
February 14, 2013
09:35 EDTKMTKennametal upgraded to Outperform from Market Perform at William Blair
News For KMT From The Last 14 Days
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July 31, 2014
08:05 EDTKMTKennametal sees continued macro-economic improvement in FY15
While underground coal mining activity will likely remain at relatively low levels globally, the company believes manufacturing activity is projected to grow over the next 12 months.
08:05 EDTKMTKennametal sees FY15 EPS $2.90-$3.20, consensus $3.34
Sees FY14 sales growth 5%-7%, consensus $3.11B. Sees FY15 organic sales growth ranging from 3%-5%. Kennametal expects to generate cash flow from operating activities in the range of $290 million to $320 million in fiscal 2015. Based on anticipated capital expenditures of approximately $110 million to $120 million, the company expects to generate free operating cash flow in the range of $180 million to $200 million for fiscal year 2015.
08:04 EDTKMTKennametal accelerated restructuring actions in FY14
The company continues to expect to deliver annual pre-tax permanent savings of $35M-$45M once these initiatives are fully implemented. The cumulative total pre-tax charges are expected to be approximately $50M. Total restructuring and related benefits realized in fiscal 2014 were approximately $3M while the related charges recorded inception-to-date were $19M.
08:03 EDTKMTKennametal: Turgsten Materials business integration ahead of schedule
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08:03 EDTKMTKennametal: Certain sectors remain challenging
The company said, "Although we have yet to realize the full potential of our operating leverage, we continued to elevate our base performance and protect our profitability. Since necessary investments in sales and other customer-facing functions were made in fiscal 2014, we will manage a tighter cost structure as we move ahead."
08:02 EDTKMTKennametal reports Q4 adjusted EPS 75c, consensus 89c
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July 20, 2014
11:58 EDTKMTCaterpillar, five others should benefit from global recovery, Barron's says
Caterpillar (CAT), Teradata (TDC), Kennametal (KMT), Capital One Financial (COF), T. Rowe Price Group (TROW), and Chesapeake Energy (CHK) are all relatively cheap and should benefit from global recovery, Barron's contends in its cover article. Reference Link

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