Kennametal Still 50% Overvalued Based On Risks
Tue, Aug. 2, 9:00 AM
- Adjusted operating income of $47M, compared with $53M a year ago. Adjusted EPS of $0.44 per share vs. $0.44 per share in the prior year quarter.
- Revenue by segment: Industrial -8; Infrastructure -31%.
- "As we look to fiscal year 2017... even without a modest upturn in our end markets, we believe our improving cost position in combination with a more robust and proactive commercial strategy will produce improved margins," CEO Ron De Feo declared.
- The company also announced a workforce reduction initiative with expected costs of $80-$95M. It should reduce employment by 1,000, resulting in an annual run rate savings of $100-$110M by fiscal year-end 2017.
- FQ4 results
Mon, Aug. 1, 4:54 PM
Sun, Jul. 31, 5:35 PM
- ADUS, AEGN, AEIS, AMKR, APU, ARE, ATW, BDE, BLKB, CEMP, CGNX, CHGG, CKEC, CONE, CUTR, DAC, DNB, ENH, ENSG, EXAC, FTR, GGP, GKOS, GPRE, HTA, IDTI, ININ, IPHS, KMT, LNT, MCEP, MTGE, NGHC, NLS, OFIX, OGS, OLN, PLOW, PPS, PQ, QUAD, RAIL, RXN, RYAM, SBRA, SYKE, TEX, THC, TNET, TREX, TSE, TTOO, TXRH, UGI, VECO, VNO, WMB, WSTC, XOXO
Wed, May 4, 10:01 AM
Tue, May 3, 11:30 AM
- Kennametal (NYSE:KMT) declares $0.20/share quarterly dividend, in line with previous.
- Forward yield 3.17%
- Payable May 27; for shareholders of record May 13; ex-div May 11.
Mon, May 2, 5:30 PM
- ABMD, ACW, ADM, AFSI, ALE, ALLT, AMAG, AMG, APLP, AROC, ARRY, ARW, AUDC, BBW, BCC, BCO, CARB, CEQP, CFX, CIE, CLX, CMI, COTY, CVLT, CVS, DUK, ECA, ECL, EIGI, EL, EMR, EXAS, FDP, FIS, FMS, FSS, FTR, GLDD, GLT, GRUB, H, HAL, HCA, HCN, HEP, HOT, HRS, HSIC, HW, KEM, KMT, LXRX, MNK, MNTA, MYL, NI, NTI, NWN, NXST, NYT, OZM, PBI, PFE, Q, RDWR, RHP, RRD, S, SALE, SALT, SGNT, SMG, SSH, TAP, TECH, TICC, VLO, VMC, VSH, WAC, WCG, WEC, WLK, WNR, WNRL, WWW, XYL
Mon, May 2, 5:01 PM
- Kennametal (NYSE:KMT): FQ3 EPS of $0.37 beats by $0.14.
- Revenue of $497.84M (-22.1% Y/Y) beats by $10.59M.
- Shares -1.3% AH.
Mon, Apr. 18, 7:27 AM
- Kennametal (NYSE:KMT) announces the signing of a $600M five-year credit agreement.
- The syndicated bank facility amends and restates the company's prior loan agreement and contains enhanced covenant adjustments relative to its amended 2010 agreement.
- Now read Kennametal Might Be A Good Short Opportunity
Wed, Apr. 13, 2:24 PM
- Investors should take profits on machinery stocks ahead of earnings, J.P. Morgan analysts say, as valuations are stretched after the sector outperformed the S&P in Q1 +17% vs. +1.3%, and investors likely will have little tolerance for weaker than expected performance.
- The firm suggests avoiding Deere (DE +1.9%), Agco (AGCO +3.5%) and CNH Industrial (CNHI +3%) on weaker fundamentals with downside risk to the market outlooks for each region, and Paccar (PCAR +2.9%) on weaker NAFTA HD truck demand vs. its guide for a 12% decline in U.S. and Canada retail sales.
- However, JPM likes Allison Transmission (ALSN +2.4%) heading into Q1 as it has underperformed peers while its exposure to HD Class 8 long haul is limited and MD orders are up 5% YTD.
- Rated Neutral CAT, MTW, JOY, NAV, TEX, MCRN, PH, KMT, ETN, ITW.
Thu, Feb. 4, 7:54 AM
Wed, Feb. 3, 9:37 AM
- Adjusted operating income of $17M, compared with $61M a year ago. Adjusted EPS of $0.14 per share vs. $0.56 per share in the prior year quarter.
- Revenue by segment: Industrial -16; Infrastructure -30%.
- Completed the sale of several non-core businesses related to certain castings, steel-plate fabrication and deburring for an aggregate price of approximately $70M prior to working capital adjustments.
- Due to the further deterioration of end markets, the company expects fiscal 2016 total sales to decline in the range of 20%-23%. Consistent with the change of expectations in December, the firm has reduced EPS approximately 40% at the midpoint to $0.85-$1.05 for the full fiscal year.
- FQ2 results
Wed, Feb. 3, 6:32 AM
- Kennametal (NYSE:KMT): FQ2 EPS of $0.14 beats by $0.02.
- Revenue of $524.02M (-22.4% Y/Y) beats by $21.98M.
Tue, Feb. 2, 5:30 PM
Mon, Feb. 1, 9:09 AM
- BofA/Merrill Lynch upgrades Kennametal (NYSE:KMT) to Neutral from Underperform.
- The valuation is attractive based on a $17 price target, analysts said.
Dec. 15, 2015, 12:48 PM
Dec. 15, 2015, 9:18 AM