- Kennametal (KMT -1.9%) reports consolidated orders declined 11% Y/Y and organic orders slipped 6% for the three months ended Feb. 28, citing weaker order rates for the Infrastructure segment due to the ongoing decline in the oil and gas markets as well as continued weak demand from the mining industry.
- KMT says industrial segment orders were modestly lower in both its tooling business as well as the distribution-focused WIDIA brand.
Kennametal says consolidated orders, organic orders fall sharply
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