The 2020 Mid-Year Economic Update_long

Kennametal Sales Up 6.2% in 3Q

Year-to-date sales down 5.3 percent.

Kennametal Inc. (NYSE: KMT), Latrobe, PA, reported sales for the fiscal third quarter of $528.6 million, a 6.2 percent increase year-over-year. Profit for the quarter was $38.9 million, up from $16 million in the prior-year quarter.

Industrial segment sales of $289 million increased 6 percent from the prior-year quarter while infrastructure segment sales increased 6 percent to $193 million.

Year-to-date, Kennametal reported sales of $1.5 billion, down 5.3 percent from the same period a year ago. The company reported a profit of $24.5 million, compared to a loss of $159.5 million in the first nine months of fiscal 2016.

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