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Stock Market & Financial Investment News

News Breaks
June 13, 2014
09:23 EDTKMTKennametal reports orders for three months end May up 15%, up 4% organically
Kennametal provided orders for the 3 months ended May 31, reporting that consolidated orders were 15% higher year-over-year, which reflected acquisition growth related to the Tungsten Materials Business. On an organic basis, orders increased 4% from the prior year period. In May, Kennametalís order rates showed increased activity year-over-year in most of its served end markets. Compared with prior year, the Industrial segment delivered solid orders growth in the tooling business, as well as continued strength related to its WIDIA products in the distribution channels. Order rates for the Infrastructure segment were higher than prior year primarily due to improved demand in the energy sector, partially offset by lower production levels in underground mining markets.
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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