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Stock Market & Financial Investment News

News Breaks
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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November 24, 2014
10:00 EDTKMTOn The Fly: Analyst Downgrade Summary
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06:55 EDTKMTKennametal downgraded to Sell from Neutral at Goldman
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November 17, 2014
09:52 EDTKMTKennametal CEO selection likely to be viewed positively, says Wells Fargo
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08:44 EDTKMTKennametal names Nolan as CEO to replace retiring Cardoso
The board of directors of Kennametal announced the appointment of Donald Nolan as the company's president, chief executive officer and member of the board of directors, while electing William Newlin, lead director, to serve as chairman of the board, both effective Nov. 17, facilitating a clear-cut, transparent transition of immediate effect. As previously announced, Carlos Cardoso's retirement is effective Dec. 31.

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