肯纳公司计划再关闭四家制造工厂
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肯纳金属公司表示计划再关闭四家制造工厂,其中两家位于欧洲。自从2008年4月以来,肯纳公司已经关闭了9家工厂,并剥离了另外7家工厂。
据美国《匹兹堡商业时报》报道:作为企业调整和缩小“制造足迹”工作的一部分,肯纳金属公司董事长、总裁兼CEO卡洛斯·卡多索在1月底召开的该公司第二财季运营结果发布会上表示,该公司计划再关闭四家制造工厂。
肯纳公司的净收入数据显示,公司第二财季的利润比前一财年的第二财季同比减少了61%。在2009年12月31日截止的该财季中,肯纳公司的利润为600万美元(每股盈利7美分),而前一财年同一财季的利润为1570万美元(每股盈利22美分)。第二财季的销售收入也下降为4.429亿美元,而前一财年同一财季的销售收入为5.461亿美元。
不过,该公司的盈利水平仍然超过了华尔街分析人士的评估值,根据对Zacks投资研究公司13位分析师的调查,他们对肯纳公司的盈利预期为每股5美分。
卡多索在发布会上表示,第二财季运营结果的改善,显示出肯纳公司的调整措施正在取得成功。在今后6~9个月里,该公司还将采取进一步的调整行动。该公司预期,一旦这些行动付诸实施,每年将会节省3000万~3500万美元的运营成本,虽然公司高管预计会产生一些与这些调整措施相关的税前费用。
肯纳公司暂时不会批露将关闭哪些工厂。公司负责企业关系的副总裁乔伊·钱德勒表示,拟关闭的工厂有两个在欧洲,这两个工厂关闭后,其产能将转移到其他欧洲工厂。
卡多索表示,自从肯纳公司2008年4月宣布企业调整计划以来,已经关闭了9家工厂,并剥离了另外7家工厂。他认为,为了对肯纳公司进行调整和重新配置资源,做出采取这些行动的决定“是艰难的,但却是必要的。”
卡多索说,加上计划关闭的这4家工厂,肯纳公司关闭和剥离的制造工厂总数已达20家。副总裁兼首席财务官弗兰克·辛普金斯表示,公司在全球范围的薪酬水平和员工人数已经下降了20%。
在2010财年的第一财季,该公司报告亏损980万美元(每股亏损12美分),与此相比,2009财年的第一财季公司盈利3550万美元(每股盈利47美分)。自从去年肯纳宣布裁减1200名员工后,该公司一直在收缩其业务;去年3月,全体员工曾无薪休假一周;公司高管还削减了薪酬。
肯纳公司预期,在本财年的后两个季度,全球工业活动和需求将持续适度好转。因此,该公司将本财年的财务目标指导范围从每股盈利50~70美分提高到了65~75美分(企业调整费用除外)。该公司预期,销售额将比上一财年同比下降8%~10%。公司还预期,第三财季的销售额将比上年同期增长5%~10%。在发布会上,该公司还公布了每股12美分的季度现金分红。
卡多索表示,该公司对持续的经济复苏表示适度乐观,但仍然存在不确定性。他说,他已看到了肯纳的成熟市场正在复苏、新兴市场正在强劲增长的令人鼓舞的迹象。

原文

">Cardoso: Kennametal to close four more facilities
As part of an ongoing effort to restructure the company and shrink its manufacturing footprint, Kennametal Inc. said it plans to close four more facilities, said Chairman, President and CEO Carlos Cardoso during a conference call with analysts to discuss the company's second quarter results.
Net income for the tooling manufacturer showed a profit for the second quarter which was 61 percent lower than the year-ago quarter.
Kennametal (NYSE: KMT), based east of Pittsburgh in Latrobe, reported earnings of $6 million for the quarter ended Dec. 31, or 7 cents a share, compared with earnings of $15.7 million, or 22 cents a share, in the same quarter a year ago. Sales for the second quarter were also down, to $442.9 million, compared with $546.1 in the year-ago quarter.
The company still beat Wall Street's estimates, of earnings-per-share of 5 cents, according to a survey of 13 analysts by Zacks Investment Research.
Cardoso said in the earnings release that the improvement in second-quarter results demonstrated that Kennametal's "restructuring initiatives" were meeting with success.
In Thursday morning’s earnings release the company said further restructuring actions will be taken in the six to nine months. The company estimates that once these moves are implemented, the company will save $30 million to $35 million annually, though executives do expect to incur pre-tax charges in connections with these changes.
Kennametal would not disclose which facilities would be shuttered. Joy Chandler, vice president of corporate relations, said two of the closures would be in Europe. The capacity from those two closures would be transferred to other European facilities, she said.
Since the restructuring plan was announced in April 2008 the company has closed nine facilities and divested seven others, Cardoso said. He called the moves "tough but necessary decisions to resize and reposition Kennametal."
With the added four closures plus the divestitures the company will have lost 20 manufacturing facilities, Cardoso said. Salary levels and headcount have been reduced 20 percent globally, said Frank Simpkins, vice president and chief financial officer.
In the first quarter of 2010 the company reported a loss of $9.8 million, or 12 cents a share, that compared to profits of $35.5 million, or 47 cents per share, in the first quarter of 2009. The company has been streamlining its business since last year when Kennametal announced layoffs of 1,200 workers; in March the entire workforce took a week of unpaid furlough. Top executives also took a pay cut.
Looking forward the company expects global industrial activity and demand will continue to moderately improve through the rest of the fiscal year. As a result, Kennametal increased its guidance range for the fiscal year from 50 cents per share to 70 cents per share to a range of 65 cents per share to 75 cents per share, excluding restructuring charges. The company expects sales to be off 8 percent to 10 percent year-over-year on an organic basis.
For the third quarter the company expects organic sales to be up 5 percent to 10 percent over the year-ago period. In Thursday's release the company also declared a quarterly cash dividend of 12 cents a share.
Cardoso said the company is resonably optimistic in the continued economic recovery but uncertainty still exists. He said he sees encouraging signs that Kennametal's mature markets are recovering and emerging markets are growing in strength.
本文作者:Malia Spencer(原文作者)
原载:《工具展望》
上载于:2010-3-29 9:00:55

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