New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 7, 2014
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.
News For KMT From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
July 30, 2015
08:11 EDTKMTKennametal board increases quarterly dividend by 11%
Subscribe for More Information
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
Subscribe for More Information
08:07 EDTKMTKennametal reports Q4 organic sales down 10%
Subscribe for More Information
08:06 EDTKMTKennametal reports Q4 adjusted EPS 46c, consensus 44c
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