Home Newsfeeds Kennametal Sees Q3 Revenue $520M-$540M Vs $510.46M Est

Kennametal Sees Q3 Revenue $520M-$540M Vs $510.46M Est

Outlook The Company's expectations for the third quarter of fiscal 2023 and the full year, which remain largely unchanged, are as follows: Quarterly Outlook: • Sales

byHappy Mohamed

February 6, 2023

1 minute read

Outlook

The Company’s expectations for the third quarter of fiscal 2023 and the full year, which remain largely unchanged, are as follows:

Quarterly Outlook:

•	Sales expected to be $520 – $540 million; includes a headwind of approximately $20 million from USD strength compared to the third quarter of fiscal 2022 and approximately 7 percent of price realization
•	Adjusted operating income expected to be at least $40 million:
	•	Pricing is expected to substantially cover raw material costs of $23 million, higher wages and general inflation compared to the prior year quarter
	•	USD strength is expected to be a headwind of approximately $4 million compared to the prior year quarter
	•	Under-absorption and price/raw effects expected to improve sequentially

Morgan Stanley Maintains Equal-Weight on CMS Energy, Raises Price Target to $55

By Benzinga Newsdesk

October 25, 7:39 AM

Morgan Stanley analyst Stephen Byrd maintains CMS Energy (NYSE:CMS) with a Equal-Weight and raises the price target from $54 to $55.

CMS

CBD of Denver Reports YoY Increase In 2023 Gross Profit, Reduces Loss As It Continues To Expand Internationally

By Jelena Martinovic

May 2, 1:05 PM

CBD of Denver, Inc. has filed its financial results for the year ended Dec. 31, 2023.The Colorado-based cannabis company said total current assets increased to $117,218 in 2023, up from $28,043 in 2022. Gross profit for the year totaled $595,417, representing a significant recovery from a gross loss of $284,734 in the prior year, due to a 27% increase in sales and a reduction in cost of goods sold. Net income before provision for income tax showed improvement with a loss of $377,729 in 2023, compared to a loss of $3,257,710 in 2022. CBD of Denver attributed it to the company's efforts to enhance operational efficiency and improve cost management.

CBDD