LATROBE, Pa. — Kennametal expects to close three to five plants within the next four years in a $100 million cost reduction and efficiency program that is being billed as the second generation of its ...
The decision is part of a company-wide plan to shut down three to five plants by the end of the 2027 fiscal year. According to a filing with the Securities and Exchange Commission, Kennametal plans to ...
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Kennametal outlines $125M cost savings target through expanded plant consolidations amid ongoing market softness
Q4 sales decreased 5% year-over-year on an organic basis, with Metal Cutting declining 4% and Infrastructure 5%. Adjusted EBITDA margin was 14.8%, compared to 17.7% in the prior year quarter. Watson ...
To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min The Pennsylvania-based company ...
GREENFIELD — Kennametal will cease manufacturing operations at its historic Greenfield plant by April and close the site entirely by December. The plant has about 74 unionized workers, according to ...
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Kennametal to close Greenfield plant
GREENFIELD, Mass. (WWLP) – Metal parts manufacturer Kennametal has announced plans to close their Greenfield plant. The decision is part of a company-wide plan to shut down three to five plants by the ...
The company projects fiscal 2026 sales between $1.95 billion and $2.05 billion, with volume ranging from negative 5% to flat, combined price and tariff surcharge realization of approximately 4%, and a ...
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