SDVKY News and Press, Sandvik AB ADR From 01/22/20

It’s still very early in the reporting cycle, but these first few reports maybe ought to have investors reconsidering the popular second-half short-cycle rebound assumption. Fastenal ( FAST ) did okay relative to expectations, but the business has definitely slowed and management gave...

Sandvik AB (SDVKY) Q4 2019 Results Conference Call January 21, 2020 04:00 AM ET Company Participants Ann-Sofie Nordh - IR Björn Rosengren - CEO Tomas Eliasson - CFO Conference Call Participants Lars Brorson - Barclays Ben Uglow - Morgan Stanley Andrew Wilson - JP M...

SANDVIKEN, Sweden , Jan. 21, 2020 /PRNewswire/ -- Fourth quarter 2019 Continuing operations Order intake 25,179 million SEK Revenues 26,583 million SEK Operating profit 744 million SEK Operating margin 2.8% Adjusted operating profit 5,066 million SEK Adjusted o...

SANDVIKEN, Sweden , Jan. 20, 2020 /PRNewswire/ -- 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 Machini...

SANDVIKEN, Sweden , Jan. 14, 2020 /PRNewswire/ -- 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 ...

SANDVIKEN, Sweden , Jan. 10, 2020 /PRNewswire/ -- Sandvik announced on 28 October 2019 that the agreement to divest the majority of Drilling and Completions (Varel) was signed. As earlier stated, the related write-down impacted the net profit in the fourth quarter of 2019 by -3.9 billi...

Walter, a division within Sandvik's ( OTCPK:SDVKY +2.4% ) Machining Solutions, agrees to acquire a privately owned US based company, Melin Tool, a manufacturer of solid carbide tools, for an undisclosed consideration More news on: Sandvik AB, Sandvik AB, Merger & acquisition n...

SANDVIKEN, Sweden , Jan. 2, 2020 /PRNewswire/ -- Walter, a division within Sandvik Machining Solutions, has reached an agreement to acquire the privately owned US based company Melin Tool Company, a manufacturer of solid carbide tools. The acquisition further strengthens Walter's round to...

STOCKHOLM , Dec. 20, 2019 /PRNewswire/ -- Sandvik has signed an agreement to acquire privately owned Summerill Tube Corporation, based in Pennsylvania, USA . Summerill Tube Corporation is a manufacturer of high precision tubes and since 1892 it has delivered seamless and welded tubing in...

SANDVIKEN, Sweden , Dec. 20, 2019 /PRNewswire/ -- Seco Tools , a division of Sandvik Machining Solutions, has reached an agreement to acquire the cutting tools division of QUIMMCO CENTRO TECNOLÓGICO (QCT), a privately owned Mexican company offering integral machining solutions. "I...