The company reported a decline in sales but improved margins, driven by cost initiatives and manufacturing credit despite ongoing market headwinds.
Latest In Kennametal
The product data provider says the metalworking products manufacturer used confidential information to "knock-off" its sales platform.
The company has appointed a new president for its Infrastructure segment to lead strategy and growth initiatives.
The results showed a continued slide in year-over-year and sequential sales growth.
David Bersaglini joins the company after leading Emerson spin-off Copeland's Global Refrigeration unit.
The metalworking supplier continues to assess the financial effects of the storm and is working with its insurance carrier.
Kennametal is working to restore production at its Rogers, AK, facility to minimize shipment delays to customers.
Sanjay Chowbey, who joined the company in 2021 as VP of its Metal Cutting segment, is set to take the top job as Christopher Rossi retires.
The results showed a continued slide in year-over-year and sequential sales growth that reflected an industry-wide demand slowdown.
The closures would happen as part of the company's Operational Excellence and Capacity Optimization initiative.
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.
