|Kennametal April 2013 Orders Report|
Kennametal Inc. Order Rates for the Three Months Ended April 30, 2013|
End of Month Estimate
|Increase (Decrease) Vs. FY12|
|Total US$||Local Currency||Exchange|
(Excluding Acquisitions, Divestitures & Workdays) . . .
(As Reported) . . .
Kennametal Inc. (NYSE: KMT) today provided orders for the 3 months ended April 30, 2013. Consolidated orders on a reported basis decreased by 9% compared with the prior year, while organic growth was 8% lower year-over-year.
Kennametal's order rates continued to reflect a year-over-year decline in April, but are in line with the company's guidance and end market outlook.
Compared with prior year, the Industrial segment experienced decreased activity in general engineering, transportation and aerospace markets. However, the company believes that the impact of inventory destocking from customers is lessening.
On a year-over-year basis, order rates for the Infrastructure segment continued to reflect weak volumes in its energy and earthworks businesses.
Kennametal's Orders Reporting
In Fiscal Year 2013, Kennametal will continue to report its orders rate for the first 2 months of each quarter on the 10th business day of the following month. For the quarter-end months, the company will report sales information—by end market and geography—as part of its earnings announcement.