The Times of India  Apr 26  Comment 
SKF (STO:SKFA)(STO:SKFB)(Pink Sheets:SKFRY)(LSE:SKFB) has signed an agreement, subject to regulatory approvals, to divest its Kaydon velocity control business to Stabilus, a global supplier to the automotive and industrial markets.
Automotive World  Aug 17  Comment 
SKF has completed the divestment of Canfield Technologies, Inc. to Gen Cap America, a private equity firm headquartered in Nashville, Tennessee. Canfield is a manufacturer of solder, pastes and preforms for metal joining, used in the electronics,...
Automotive World  Jun 30  Comment 
SKF has completed the divestment of two filtration businesses, Purafil and Kaydon Custom Filtration, to Filtration Group Corporation, an affiliate of Madison Industries. Both Purafil and Kaydon Custom Filtration joined the SKF Group as part of the...
DailyFinance  May 23  Comment 
SKF (STO:SKFB) (STO:SKFA) (Pink Sheets:SKFRY) (LSE:SKFB) announced it has secured a long-term agreement (LTA) for around SEK 1.2 billion for Kaydon slewing ring bearings from a major wind turbine manufacturer providing...
Benzinga  Oct 16  Comment 
The SKF Group (OTC: SKFRY) today announced the successful completion of its all cash tender offer to acquire all outstanding shares of Kaydon Corporation (NYSE: KDN) for USD 35.50 in cash. SKF expects to complete the ...
Cloud Computing  Oct 4  Comment 
PALO ALTO, Calif. , Oct. 4, 2013 /PRNewswire/ -- Kaydon Corporation, a leading designer of custom engineering solutions, is successfully enhancing their SOX compliance and internal audit processes with the support of MetricStream. The...
Benzinga  Sep 6  Comment 
In a report published Friday, Goldman Sachs analyst Samuel H. Eisner upgraded the rating on Kaydon Corporation (NYSE: KDN) from Sell to Neutral, and raised the price target from $25.00 to $33.00. In the report, Goldman Sachs noted, “We are...
StreetInsider.com  Sep 5  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Upgrades/Goldman+Sachs+Upgrades+Kaydon+Corporation+%28KDN%29+to+Neutral/8663629.html for the full story.
Benzinga  Sep 5  Comment 
Midway through trading Thursday, the Dow traded up 0.06 percent to 14,939.02 while the NASDAQ surged 0.18 percent to 3,655.67. The S&P also rose, gaining 0.15 percent to 1,655.60. Top Headline Conn's (NASDAQ: CONN) reported a 65% rise in its ...
Benzinga  Sep 5  Comment 
Kaydon (NYSE: KDN) shares moved up 22.98% to $35.54. The volume of Kaydon shares traded was 6718% higher than normal. Kaydon agreed to be acquired by SKF for $35.50 per share in cash. Louisiana-Pacific (NYSE: LPX) shares rose 12.71% to $17.20....


Kaydon (NYSE:KDN) primarily sells friction control bearings and filtration products, and is the leading manufacturer of wind turbine bearings. It competes against the big three U.S. machine tools & accessories companies, Timken Company (TKR), Stanley Works (SWK) , and Kennametal (KMT), as well as global leaders in the bearing market such as Swedish company AB SKF (HAN:SKFB), Japanese companies NSK LTD (TYO:6471), JTEKT Corporation, and Minebea (Miniature Ball Bearings), and German company Schaeffler Group. KDN's sales total is 18% as large as KMT's sales total.[1] At the lower end market, Kaydon also faces increasing competition from low-cost manufacturers from China.

To make up for lagging behind TKR, SWK, and KMT, Kaydon has invested in a booming niche market -- wind energy. Installed wind energy turbines in the United States grew 45% in 2007[2] KDN has established itself as the market leader in wind turbine bearings and runs a facility in Germany -- the world's largest wind energy market. By investing in wind energy, KDN hopes to reduce its dependence on the struggling automotive industry (19% of sales). This strategy gave KDN higher 2007 revenue growth than SWK, TKR, and KMT.[3]

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Machine Tools & Accessories

  • Kaydon (KDN)- Leading manufacturer in specialty bearings, especially wind turbine bearings.
  • Timken Company (TKR)- World's largest manufacturer of tapered roller bearings and steel alloy.[4]
  • Kennametal (KMT) - Leading global producer of tools, machine accessories, and advanced materials and second largest metal cutting tools manufacturer in the world.[5]
  • Stanley Works (SWK)- World-renowned brand of consumer and industrial tools.[6]
  • CompX International (CIX)- Manufactures security products and precision ball bearing slides.[7]
  • Hardinge (HDNG)- Manufactures machine tools in Western Europe.
  • Thermadyne Holding (THMD)- Producer of gas and electric arc cutting and welding products for the Americas.
  • RBC Bearings (ROLL)- Bearing manufacturer makes 90% of sales in U.S., has second-highest return on equity in the past year.[8]
  • Flow International (FLOW)- Producer of high-pressure waterjet cutting tools had highest revenue growth of machine tools companies in the past quarter.[9]
Competition Kaydon (KDN)[10] Timken Company (TKR)[11] Thermadyne Holding (THMD)[12] CompX International (CIX)[13] Hardinge (HDNG)[14] RBC Bearings (ROLL)[15] NN (NNBR) [16] Kennametal (KMT)[17] Stanley Works (SWK)[18]

Market Cap $Mil 1,690.00 3,520.00 228.32 80.17 161.20 818.90 206.27 2,830.00 3,800.00

Revenue $Mil 451.38 5,236.02 493.98 177.68 356.32 306.06 421.29 2,385.49 4,483.80

Gross Profit $Mil 184.30 1,053.83 154.35 45.23 107.41 100.11 84.27 841.56 1,692.20

Net Profit Margin % 17.22% 4.19% 2.14% 5.05% 4.19% 9.30% -0.28% 7.50% 7.51%

Operating Margin % 24.65% 6.22% 8.97% 8.75% 6.42% 16.96% 2.65% 11.29% 10.06%


  1. Yahoo! Finance: Machine Tools and Accessories Leaders and Laggards
  2. New York Times, "Move Over, Oil, There’s Money in Texas Wind," 02/23/08
  3. Yahoo! Finance: Machine Tools and Accessories Leaders and Laggards
  4. Timken Company website, "Corporate Overview"]
  5. KMT 2007 10-k, Item 6- Selected Financial Data, page 11
  6. Stanley Works website, "Businesses"
  7. Yahoo! Finance: CIX
  8. Yahoo! Finance: Machine Tools and Accessories Leaders and Laggards
  9. Yahoo! Finance: Machine Tools and Accessories Leaders and Laggards
  10. KDN 2007 10-k, Item 6: Selected Financial Data, page 9
  11. TKR 2007 10-k, Item 6: Selected Financial Data, page 18
  12. THMD 2007 10-k, Item 6: Selected Financial Data, page 18
  13. CIX 2007 10-k, Item 6: Selected Financial Data, page 15
  14. HDNG 2007 10-k, Item 6: Selected Financial Data, page 21
  15. ROLL 2007 10-k, Item 6: Selected Financial Data, page 18
  16. NNBR 2007 10-k, Item 6: Selected Financial Data, page 17
  17. KMT 2007 10-k, Item 6- Selected Financial Data, page 11
  18. SWK 2007 10-k, Item 6: Selected Financial Data, page 14
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