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.

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.
Social Media Auto Publish Powered By : XYZScripts.com