Kennametal sees strong sales growth in fiscal year 2014

August 6, 2014

August 6, 2014

Cemented carbide producer Kennametal Inc., headquartered in Latrobe, Pennsylvania, USA, has reported an increase in sales of 10% to $2.837 billion in the fiscal year ended June 30, 2014. The sales increase was largely driven by the acquisition of the Tungsten Materials Business (TMB). Operating income was $263 million ($296 million in 2013).

“During the final June quarter, we saw accelerating growth and ongoing strength in our served industrial markets; however, certain sectors are still challenging,” stated Kennametal Chairman, President and CEO Carlos Cardoso. “We remain pleased with the progress related to the integration of our Tungsten Materials Business, which is currently ahead of schedule. We will continue to manage our business and control what factors we can.”

Excluding TMB, Industrial sales increased 11% in transportation, 9% in general engineering, partially offset by a 1% decrease in aerospace and defence. The transportation market benefited from increased demand in the light vehicle markets worldwide and general engineering increased due to continued demand from distribution channels. Sales increased in all geographies, up 15% in Asia, 6% in the Americas, and 4% in Europe.

For the year ahead Kennametal expects organic sales growth ranging from 3 to 5% with total sales growth between 5 and 7%. 

Powder Metallurgy Review magazine:

Your email address:

Useful links: Download PM Review magazine | News headlines | Browse articles 

August 6, 2014

In the latest issue of PM Review…

Download PDF

Extensive Powder Metallurgy industry news coverage, and the following exclusive deep-dive articles and reports:

  • Phoenix Sintered Metals: A story of transformation, growth and community from America’s PM heartland
  • World PM2024 Yokohama: The stage is set for the PM industry to find a path to sustainable growth
  • The state of Europe’s hard magnets industry and the challenge of optimising the mass production of Nd2Fe14B permanent magnets

The latest news from the world of metal powders, delivered to your inbox

Don't miss any new issue of PM Review, and get the latest industry news. Sign up to our weekly newsletter.

Sign up

Join our community

Discover our magazine archive…

The free-to-access PM Review magazine archive offers unparalleled insight into the world of Powder Metallurgy from a commercial and technological perspective through:

  • Reports on visits to leading PM part manufacturers, metal powder manufacturers and industry suppliers
  • Articles on technology and application trends
  • Information on materials developments
  • Reviews of key technical presentations from the international conference circuit
  • International industry news

All past issues are available to download as free PDFs or view in your browser.


Browse the archive


Looking for PM production equipment, metal powders, R&D support and more?

Discover suppliers of these and more in our
advertisers’ index and buyer’s guide, available in the back of PM Review magazine.

  • Powders & materials
  • Powder process, classification & analysis
  • PM products
  • Atomisers & powder production technology
  • Compaction presses, tooling & ancillaries
  • Sintering equipment & ancillaries
  • Post-processing
  • Consulting & toll sintering
View online
Share via
Copy link