Search Results for: Kennametal – Page 17

Kennametal Inc., Latrobe, PA, reported sales for its fourth quarter ended June 30, 2008, increased 15% over the same period a year ago to $753 million, including organic sales growth of 4%. Profit was $59.6 million, down 4% from the previous year.
 
Sales for the fiscal year 2008 were $2.7 billion, a 13% increase over the prior year. Profit declined 3.7% to $167.8 million. Sales for the year grew 4% on an organic basis, 3% from acquisitions and 6% from foreign currency effects.
 
Metalworking Solutions and Services Group grew by 13% for the quarter, driven by organic sales gains and favorable currency effects. Organic sales in all geographic regions except North America experienced growth.
 
Advanced Materials Solutions Group (AMSG) sales increased 17% …

Kennametal Inc., Latrobe, PA, has tapped a new chief for its Metalworking Solutions Services Group. Paul DeMand will take the position of president for the unit, which comprises about 60% of Kennametal’s overall revenues.
 
Before joining Kennametal, DeMand was senior vice president and division head of the Industrial Products Group at Johnson Electric, Ltd., Hong Kong. Before holding that position, he was vice president, Electro-Mechanical at Solectron Corp. in …

Kennametal Inc., Latrobe, PA, reported sales in fiscal 2007 were $2.4 billion, up 6% on an organic basis. The growth was partially offset by the net impact of acquisitions and divestitures of 7%.
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In 2007, Kennametal expanded its advanced materials segments with the acquisitions of the Sintec Group and the Camco Group, as well as Purity Metal Holdings Inc. Kennametal also added to its metalworking segments with Federal Signal Corporation’s cutting tool business, and completing the purchase of the company’s Spanish affiliate, Kenci S.A.
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Sales in the fourth quarter were $657 million, up 6% on an organic basis. In the fourth quarter, Metalworking Solutions & Services Group sales were higher by 15% overall, with 5% organic growth. Europe sales were up 9%; Asia …