September 21, 2017 12:39 AM ET

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Company Overview of Sandvik Coromant, Inc.

Company Overview

Sandvik Coromant, Inc. supplies tools, tooling solutions, and know-how to the metalworking industry. It offers various products, including turning tools, milling tools, drilling tools, boring tools, threading tools, tapping tools, and tooling systems. The company also provides carbide recycling, E-commerce solutions, machine investments support, productivity improvement programs, tailor made tools and inserts, technical training, tool logistic solutions, machining solutions, and reconditioning services. It serves aerospace, automotive, power generation, die and mould, medical, small part machining, and wind power industries in the United States and internationally. The company was founded in...

1702 Nevins Road

P.O. Box 428

Fair Lawn, NJ 07410

United States

Founded in 1942

Phone:

201-794-5165

Fax:

201-794-5165

Key Executives for Sandvik Coromant, Inc.

Sandvik Coromant, Inc. does not have any Key Executives recorded.

Sandvik Coromant, Inc. Key Developments

Sandvik Machining Solutions Announces Earnings Results for the Third Quarter and Nine Months Ended September 30, 2016

Sandvik Machining Solutions announced earnings results for the third quarter and nine months ended September 30, 2016. For the quarter, the company reported Revenue was SEK 8,159 million against SEK 7,859 million a year ago. Operating profit was SEK 1,481 million against SEK 1,650 million a year ago. Adjusted operating profit was SEK 1,481 million against SEK 1,650 million a year ago. For the nine months, the company reported Revenue was SEK 25,556 million against SEK 24,119 million a year ago. Operating profit was SEK 4,488 million against SEK 5,087 million a year ago. Adjusted operating profit was SEK 5,168 million against SEK 5,087 million a year ago.

Sandvik Machining Solutions Announces Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2015

Sandvik Machining Solutions announced earnings results for the fourth quarter and full year ended December 31, 2015. For the quarter, the company announced invoiced sales of SEK 8,039 million against SEK 8,122 million a year ago. Operating profit was SEK 981 million compared to SEK 1,622 million for the same period a year ago. Adjusted operating profit was SEK 1,611 million compared to SEK 1,622 million for the same period a year ago. Return on total equity from continuing operations was 9.7% compared to 17.7% a year ago. Return on total equity was 6.2% compared to 17.4% a year ago. For the year, the company announced invoiced sales of SEK 32,652 million against SEK 30,856 million a year ago. Operating profit was SEK 5,269 million compared to SEK 6,159 million for the same period a year ago. Adjusted operating profit was SEK 6,579 million compared to SEK 6,159 million for the same period a year ago.

Sandvik Machining Solutions Announces Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015

Sandvik Machining Solutions announced earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported invoiced sales of SEK 7,836 million compared to SEK 7,658 million for the same period a year ago. Operating profit was SEK 1,459 million compared to SEK 1,496 million for the same period a year ago. Adjusted operating profit was SEK 1,459 million compared to SEK 1,496 million for the same period a year ago. Operating profit was primarily adversely impacted by negative organic growth of 5%, in addition to a certain level of underproduction resulting from continuous efforts to reduce inventory. For the nine months, the company reported invoiced sales of SEK 24,613 million compared to SEK 22,734 million for the same period a year ago. Operating profit was SEK 4,288 million compared to SEK 4,537 million for the same period a year ago. Adjusted operating profit was SEK 4,968 million compared to SEK 4,537 million for the same period a year ago.

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