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Stock Market & Financial Investment News

News Breaks
May 14, 2014
09:21 EDTKMTKennametal reports orders for three months end April up 13%, up 3% organically
Kennametal provided orders for the 3 months ended April 30. Consolidated orders were 13% higher year-over-year, which reflected acquisition growth related to the Tungsten Materials Business. On an organic basis, orders increased 3% from the prior year period. In April, Kennametalís order rates continued to reflect strength in industrial markets; however, there was weak demand in certain infrastructure markets, the company said.
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August 19, 2014
08:11 EDTKMTKennametal announces departure of CEO Carlos Cardoso
Kennameta announced that Chairman, President and CEO Carlos Cardoso has decided to retire from the company effective on December 31. This will be a seamless leadership transition as the company's board of directors commences its search for Cardoso's successor, which members expect to complete before the end of the year. The search process will consider both internal and external candidates.

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