|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||19.32 - 19.49|
|52 Week Range||11.20 - 20.39|
|Beta (5Y Monthly)||1.20|
|PE Ratio (TTM)||13.10|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Apr 29, 2020|
|1y Target Est||23.77|
Sandvik Mining and Rock Technology has signed an agreement to acquire Allied Construction Products LLC (Allied), a US distributor of hydraulic hammers to the construction and mining industries and manufacturer of compactor plates and mounting brackets.
Private equity firm KKR & Co Inc said on Monday it had hired former Danaher Corp executive Dan Daniel to bolster its team that focuses on acquiring and operating industrial businesses in the United States. Daniel, who served as executive vice president at Danaher from 2008 till March this year, is expected to become chief executive of an industrial company that KKR will acquire, and help improve its performance, KKR's co-head of Americas private equity Pete Stavros said in an interview.
As previously communicated Sandvik has initiated measures across the group to mitigate effects from the COVID-19 pandemic, with actions supporting savings both short-term and long-term. Today, Sandvik provides an update on the current status of the cost measures and savings.
Dormer Pramet, a division within Sandvik Machining Solutions, has reached an agreement to acquire the entire business of the Indian company Miranda Tools, comprising manufacture of High Speed Steel and solid carbide round tools.
As communicated in the quarterly report for the first quarter, saving measures have been initiated throughout Sandvik due to the challenging market situation following the COVID-19-pandemic. Today, Sandvik gave notice of layoffs in Sweden for 429 positions within its business area Sandvik Materials Technology.
Sandvik has completed the previously announced acquisition of the cutting tools division of QUIMMCO CENTRO TECNOLÓGICO (QCT), a privately owned Mexican company offering integral machining solutions.
Sandvik Machining Solutions divests its 10% minority ownership in Gesac, a Chinese joint venture originally formed in 2005 to secure the supply of tungsten. Since then, Sandvik Machining Solutions has expanded its cutting tool recycling capabilities as well as acquired Wolfram Bergbau und Hütten in 2009, a world-leading supplier of tungsten powders.
NEW YORK, NY / ACCESSWIRE / April 20, 2020 / Sandvik Aktiebolag (OTCMKTS:SDVKY) will be discussing their earnings results in their 2020 First Quarter Earnings call to be held on April 20, 2020 at 1:00 ...
European companies are scrapping dividends to maintain cash and comply with regulations in response to the financial havoc caused by the spread of the new coronavirus. Companies have been racing to cut dividends as lockdowns of major cities crush businesses, drying up their cashflows, with banking authorities and national governments also rushing to regulate financial institutions and state-owned companies. More than 80 of the top 600 listed companies in Europe cut or scrapped dividends between Feb. 24 and April 8, a Reuters analysis found.
The Board of Directors of Sandvik has decided to withdraw the previous dividend proposal and instead propose that the Annual General Meeting on 28 April resolve that no dividend will be paid.
The shareholders in Sandvik Aktiebolag are convened to the Annual General Meeting to be held on Tuesday, 28 April 2020 at 3:00 p.m. at the Göransson Arena, Sätragatan 21, Sandviken, Sweden. Registration will begin at 2:00 p.m.
The business development during January and February 2020 has in most markets been in line with Sandvik's expectations, with the exception of China where the coronavirus situation led to one week of prolonged closing of our operations around the Chinese New Year. Our Chinese operations are now up and running and approaching normal capacity.
Sandvik Materials Technology has received large orders for advanced tubes for the energy segment. The orders were booked in the first quarter 2020 at a combined value of about 630 million SEK, with deliveries scheduled as from the second half of 2020.
Sandvik has completed the previously announced divestment of Sandvik Drilling and Completions (Varel), meaning the operations relating to the oil and gas industry to the private equity firm Blue Water Energy and its co-investor, the privately owned Nixon Energy Investments.
Kennametal (KMT) is exposed to challenging end markets, issues related to 737 MAX, higher tax rates and restructuring actions. The company lowers projections for fiscal 2020 on these prevalent headwinds.
The Nomination Committee of Sandvik AB proposes the re-election of the Board members Jennifer Allerton, Claes Boustedt, Marika Fredriksson, Johan Karlström, Johan Molin and Helena Stjernholm, and the election of Kai Wärn and Stefan Widing as new Board members. Johan Molin is proposed to be re-elected Chairman of the Board.
Sandvik Machining Solutions has decided to review the potential closure of a production plant for round tools within the Walter division in Frankfurt, Germany. Production volumes would be transferred to other units within Sandvik Machining Solutions.
Sandvik has completed the previously announced acquisition of Summerill Tube Corporation, a manufacturer of high precision tubes. Since 1892 it has delivered seamless and welded tubing in stainless steels and nickel alloys to various high demanding industries including aerospace, transportation and petrochemical.