The closures would happen as part of the company's Operational Excellence and Capacity Optimization initiative.
Latest In Kennametal
It's a big week for industrial manufacturer's financial reports. We recap the key figures for six of them here.
The industrial distributor's fiscal 3Q sales grew 5% year-over-year.
MDM looks at another round of earnings reports from industrial distributors and manufacturers.
Paul Sternlieb joined Enerpac as CEO in 2021 and serves on the company's board of directors, according to a news release.
MDM looks at another round of earnings reports from industrial distributors and manufacturers.
Major distributors and manufacturers continue to raise their full-year outlook after better-than-expected 2Q results and persistent demand.
As evidenced by the latest round of quarterly earnings reports, some industrial distributors and manufacturers still see year-to-year growth.
Patrick S. Watson, current VP of finance and corporate controller, will take over as vice president and chief financial officer.
Pittsburgh-based Kennametal Inc. reported that fiscal 2022 third-quarter sales rose 6% year-over-year.
Pittsburgh-based Kennametal Inc. says its fiscal 2022 second-quarter sales of $487 million were 10% above the same period last year.
Pittsburgh-based Kennametal Inc. had fiscal 2022 first-quarter sales of $484 million, a 21% increase over the same period the prior year.
Kennametal reported fiscal fourth-quarter net income of $35 million after reporting a loss in the same period a year ago.
Chowbey will be a member of Kennametal's executive leadership team and will report directly to CEO Rossi.
For the first nine months, sales totaled $1.5 billion, down 15% over the same period in 2019.
Industrial sales were down 13%.
Fourth-quarter sales decreased 6.5% year-over-year.
Sales for the first nine months were up 2.9% year-to-year.
Dr. Carlonda Reilly to replace the retiring Dr. Robert Clemens as vice president and chief technology officer, effective September 6.
Damon Audia replaces the retiring Jan Kees van Gaalen, effective September 24.
