The 2020 Mid-Year Economic Update_long

Kennametal Sales Up Down 11.7% in Fiscal First Quarter

Industrial sales were down 13%.

Industrial tool manufacturer Kennametal Inc. (NYSE: KMT), Latrobe, Pennsylvania, reported sales for fiscal first quarter of $518.1 million, an 11.7% decrease over the same period in fiscal 2019. The company posted a profit of $7.4 million for the year, down from $58.4 million the previous year’s quarter.

Industrial sales of $280 million decreased 13% from $321 million year-over-year. Widia sales of $44 million decreased 9% from $49 million year-over-year, Infrastructure sales of $194 million decreased 11% from $217 million year-over-year.

 

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.