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In July 1940, Kennametal of Canada Ltd. was organized for the purpose of "manufacturing Kennametal, the new steel cutting carbide, for Canada and British dominions." [7] In November 1940, United States Steel Export Company reached an agreement to sell Kennametal tools, tool blanks, drawing dies and other Kennametal products in foreign markets. [8]
Cardoso joined Kennametal from Flowserve in April 2003 as the President of the Metalworking Division and in January 2005 was promoted to Chief Operating Officer. In December 2005 Cardoso became a President and CEO of the Corporation and in 2008 took an additional role of Chairman of the Board of Directors. [ 12 ]
The company is going for restructuring, and hence the 1200 job cuts at Kennametal are being justified as a part of this restructuring exercise. Other news about Kennametal layoffs: The company had plans to layoff 1,125 employees. But the company has ended up firing 1,380 employees, or about 30 percent of its total workforce.
The 10-second takeaway For the quarter ended Sep. 30 (Q1), Kennametal missed estimates on revenues and whiffed on earnings per share. Compared to the How The Wheels Came Off Kennametal's Bus
The 10-second takeaway For the quarter ended June 30 (Q4), Kennametal met expectations on revenues and beat expectations on earnings per share. Compared Kennametal Beats Expectations But Takes A ...
Here at The Motley Fool, I've long cautioned investors to keep a close eye on inventory levels. It's a part of my standard diligence when searching for the market's best stocks. I think a ...
MSC Industrial Direct Co., Inc (MSC), through its subsidiaries, primarily MSC Industrial Supply Co., is one of the largest industrial equipment distributors in the United States, [1] distributing more than 1.5 million metalworking and other industrial products.
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