Kennametal reported a revenue shortfall due to slowing vehicle production in Europe.
2 reports, 1 independent
Updated Aug 13
Gone quiet
- Reports
- 2
- Developments
- 1
- Repetition
- 50%
New informationRepeats or wire copies
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What happened
Kennametal reported a revenue shortfall due to slowing vehicle production in Europe.
Who's involved
What this event is mainly aboutKeep exploring
The entities involved
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Europe
terrestrial continent located in north-western Eurasia
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Kennametal
American supplier of tooling and industrial materials
Nothing else this week.
Related events
- A study reveals that the European market is experiencing a decline, driven by issues in the German industry and impacting companies like Bosch.
- High labor costs, productivity issues, and demand slump are affecting major manufacturing companies in Europe, including Volkswagen Group, Mercedes-Benz Group, and Stihl.
- Uber is expanding its operations into the European market.
- Strong dealer networks and culture are driving high demand for All-Terrain Vehicles in Europe.
- High energy costs are risking the viability of industry in Europe.
Coverage
Newest first; wire copies grouped- StockStoryKennametal’s Q2 Earnings Call: Our Top 5 Analyst Questions Kennametal’s second quarter was marked by continued end-market softness and execution of structural cost initiatives, with the company missi
- StockStoryKMT Q2 Deep Dive: Structural Cost Actions and End-Market Weakness Shape Outlook Industrial materials and tools company Kennametal (NYSE:KMT) fell short of the market’s revenue expectations in Q2 CY20