Key Developments: Kennametal Inc (KMT.N)

KMT.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Allegheny Technologies Inc Announces Sale Of Tungsten Materials Business To Kennametal Inc
Monday, 16 Sep 2013 07:30am EDT 

Allegheny Technologies Inc announced that it has reached an agreement to sell its tungsten materials business to Kennametal Inc. for $605 million. The transaction, which is subject to customary closing conditions and regulatory approvals, is expected to be completed during the fourth quarter 2013. As a result of this agreement, ATI will report the financial results of the tungsten materials business in discontinued operations pending completion of the transaction. The tungsten materials business, called ATI Tungsten Materials, is part of ATI`s Engineered Products segment. The tungsten materials business, called ATI Tungsten Materials, is part of ATI`s Engineered Products segment.  Full Article

Kennametal Inc Comments On Long Term EPS Guidance-Conference Call
Wednesday, 14 Aug 2013 11:30am EDT 

Kennametal Inc announced that it expects earnings per share (EPS) to grow at 15% to 20% year-over-year. The Company reported EPS of $2.52 in fiscal 2013. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EPS of $3.00 for fiscal 2014; EPS of $3.60 for fiscal 2015; EPS of $4.17 for fiscal 2016.  Full Article

Kennametal Inc Completes Acquisition of Operating Assets of Comercializadora Emura S.R.L.
Thursday, 1 Aug 2013 04:00pm EDT 

Kennametal Inc announced that it has completed the previously announced acquisition of the operating assets of Comercializadora Emura S.R.L. and certain related entities (Emura), based in La Paz, Bolivia, while securing related material sourcing agreements.  Full Article

Kennametal Inc Issues FY 2014 Guidance; EPS Guidance Below Analysts' Estimates
Thursday, 25 Jul 2013 08:01am EDT 

Kennametal Inc announced that for fiscal 2014, it expects organic sales growth to range from 5% to 7%, total sales to grow between 4% and 6% and EPS to range from $2.90 to $3.10. The Company reported revenue of $2.6 billion in fiscal 2013. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $2.76 billion and EPS of $3.17 for fiscal 2014.  Full Article

Kennametal Inc Declares Quarterly Cash Dividend
Thursday, 25 Jul 2013 08:00am EDT 

Kennametal Inc announced that Board of Directors declared a quarterly cash dividend of $0.18 per share, which represents an increase of 12.5%, or $0.02 per share. The dividend is payable August 21, 2013 to share owners of record as of the close of business on August 6, 2013.  Full Article

Kennametal Inc Raises FY 2013 Revenue Guidance; Lowers FY 2013 EPS Guidance
Thursday, 25 Apr 2013 07:02am EDT 

Kennametal Inc adjusted fiscal 2013 guidance and expects sales decline in the range of 5% to 6%, with organic sales decline ranging from 8% to 9%. Previously, the company had forecast total sales decline ranging from 2% to 4% with organic sales decline of 7% to 9%. Based on the revision, the company has reduced its EPS guidance for fiscal 2013 to range from $2.45 to $2.55, versus its previous expectation of $2.60 to $2.80. Included in this outlook is the accretive contribution of the Stellite acquisition, net of integration costs, which is now expected to range between $0.05 and $0.10 per share as compared to the previous range of $0.10 and $0.15 per share. The Company reported revenue of $2.646 billion in fiscal 2012. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $2.66 billion and EPS of $2.67for fiscal 2013.  Full Article

Kennametal Inc Declares Quarterly Cash Dividend
Thursday, 25 Apr 2013 07:00am EDT 

Kennametal Inc announced that its board of directors have declared a quarterly cash dividend of $0.16 per share. The dividend is payable May 22, 2013 to shareowners of record as of the close of business on May 7, 2013.  Full Article

Kennametal Inc Lowers FY 2013 Guidance
Thursday, 24 Jan 2013 08:01am EST 

Kennametal Inc announced that for fiscal 2013, it expects sales growth between negative 2% and negative 4% with organic sales ranging from negative 7% to negative 9%. Previously, the Company had forecast total sales growth ranging from 3% to 6% with organic sales growth of flat to negative 3%. Based on the revision for fiscal 2013, it expects EPS to range from $2.60 to $2.80, versus its previous expectation of $3.40 to $3.70. Included in this outlook is the accretive contribution of the Stellite acquisition, which is now expected to range between $0.10 and $0.15 per share as compared to the previous range of $0.15 and $0.25 per share, net of integration costs. . The Company reported revenue of $2.646 billion in fiscal 2012. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $2.788 billion and EPS of $3.34 for fiscal 2013.  Full Article

Kennametal Inc Declares Quarterly Cash Dividend
Thursday, 24 Jan 2013 08:00am EST 

Kennametal Inc announced that its board of directors have declared a quarterly cash dividend of $0.16 per share. The dividend is payable February 20, 2013 to shareowners of record as of the close of business on February 5, 2013.  Full Article

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