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Stock Market & Financial Investment News

News Breaks
February 14, 2014
09:07 EDTKMTKennametal reports orders flat on organic basis for 3 months end January
Kennametal reported orders for the 3 months ended January 31 rose 12% on both of U.S. dollar and local currency basis. Consolidated orders reflected acquisition growth related to the Tungsten Materials Business. On an organic basis, orders were relatively similar to prior year levels. Kennametal's order rates were mixed for the month of January. The company said, "Although extreme weather conditions had some temporary slowing impact to customer activity, the Industrial segment continued to generate year-over-year growth, primarily in its tooling business. However, order rates for the Infrastructure segment was lower compared with prior year, due to reduced volumes in its mining and energy businesses." Kennametal continues to expect organic revenue growth in the 2%-4% range for FY14, as stated in the company's recent earnings announcement.
News For KMT From The Last 14 Days
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August 27, 2015
09:02 EDTKMTKennametal appoints Jan Kees van Gaalen as CFO
Kennametal has elected Jan Kees van Gaalen to the position of VP and CFO effective September 1. Jan Kees van Gaalen replaces Martha Fusco who has served as interim CFO since February and will continue in her role as vice president and corporate controller. Prior to joining Kennametal, he was CFO at Dresser-Rand Group.

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