Brief: Kennametal Targets 4-6% Organic Sales Growth CAGR Through Fiscal Year 2027

Kennametal

08/09/2023 17:42

Sept 8 (Reuters) - Kennametal Inc  KMT.N :
    * KENNAMETAL INC-  TARGETS 4-6% ORGANIC SALES GROWTH CAGR
THROUGH
FISCAL YEAR 2027
    * KENNAMETAL INC -  TARGETS 20-25% ADJUSTED EARNINGS PER
DILUTED
SHARE (EPS) CAGR THROUGH FISCAL YEAR 2027
    * KENNAMETAL INC- ANNOUNCED A $100 MILLION OPERATIONAL
EXCELLENCE
AND CAPACITY OPTIMIZATION COST SAVINGS INITIATIVE
    * KENNAMETAL INC - TARGETS 20-23% ADJUSTED EBITDA MARGIN
THROUGH
FISCAL YEAR 2027
    * KENNAMETAL INC-  COST SAVINGS INITIATIVE INCLUDES
CONTINUOUS
OPERATIONAL IMPROVEMENT OF ABOUT 1% OF COST OF SALES PER YEAR
    * KENNAMETAL INC-  COST SAVINGS INITIATIVE INCLUDES 3 TO 5
PLANT
CLOSURES AND INVENTORY OPTIMIZATION
    * KENNAMETAL INC-  COST SAVINGS INITIATIVE INCLUDES $20
MILLION
FROM PREVIOUSLY ANNOUNCED RESTRUCTURING PROGRAM

Source text for Eikon:  ID:nPn8HSXv0a 
Further company coverage:  KMT.N 

 ((Reuters.Briefs@thomsonreuters.com;))