The 2020 Mid-Year Economic Update_long

Kennametal Sales Up 15% in Fiscal 2018

Fourth-quarter sales increased 14 percent year-over-year.

Industrial tool manufacturer Kennametal Inc. (NYSE: KMT), Latrobe, PA, reported sales for fiscal 2018 of $2.4 billion, a 15 percent increase over fiscal 2017, with organic sales up 12 percent.

The company posted a profit of $205.1 million for the year, compared to $52 million a year ago.

Fourth-quarter sales increased 14 percent year-over-year to $646 million, with organic sales up 10 percent. The company posted a profit of $70.2 million, compared to $25.6 million a year ago.

Fourth-quarter industrial segment sales of $349.2 million increased 16 percent from the prior year quarter due to organic sales growth of 11 percent.

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.