Kennametal Sales Decrease 7% in 2Q

Year-to-date, sales were down 10.6 percent year-over-year.

Kennametal Inc. (NYSE: KMT), Latrobe, PA, reported sales for the second quarter ended Dec. 31 of $487.5 million, a decrease of 7 percent from the previous year. Profit was $7.3 million, up from a loss of $169.2 million the same quarter a year ago.

Industrial segment sales of $267 million was flat compared to the prior year quarter. Infrastructure segment sales of $177 million decreased 17 percent from the prior year.

Year-to-date, Kennametal reported sales of $964.7 million, down 10.6 percent from the same period a year ago. The company reported a loss of $14.4 million, up from a loss of $175.5 million the first six months of fiscal 2015.

About the Author
Recommended Reading
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.

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events


articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events



You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.