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August 14, 2014
09:23 EDTKMTKennametal reports July period consolidated orders up 17%
Kennametal provided orders for the 3 months ended July 31. Consolidated orders were 17% higher year-over-year, which primarily reflected acquisition growth related to the Tungsten Materials Business. On an organic basis, orders increased 5% from the prior year period. "In July, Kennametalís order rates reflected continued growth year-over-year in most of its served end markets. Compared with the prior year, the Industrial segment reported ongoing demand in the tooling business, as well as higher activity levels related to its WIDIA products in the distribution channels. Order rates for the Infrastructure segment were at a relatively similar level year-over-year. Oil and gas orders activity continued to improve; however, it was largely offset by a decrease in the earthworks business from lower production levels in underground mining markets," the company said.
News For KMT From The Last 14 Days
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October 30, 2014
08:07 EDTKMTKennametal raises FY15 restructuring benefits view to $20M-$25M
kennametal now expects restructuring pre-tax benefits of $20M-$25M. Total restructuring pre-tax benefits are now estimated to be in the range of $50M-$55M and total pre-tax charges in the range of $55M-$60M through fiscal 2016, which is consistent with the previously stated period.
08:05 EDTKMTKennametal lowers FY15 EPS view to $2.80-$3.00 from $2.90-$3.20, consensus $3.00
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08:03 EDTKMTKennametal reports Q1 adjusted EPS 56c, consensus 55c
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