The 2020 Mid-Year Economic Update_long

Kennametal Sales Up 6% YTD

Kennametal Inc., Latrobe, PA, reported sales in the third quarter 2007 increased 7% on an organic basis to $616 million. Sales in the first nine months of fiscal 2007 were up 6% on an organic basis to $1.7 billion.
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Metalworking Solutions & Services Group (MSSG) growth of 7% (organic) in the third quarter was led by year-over-year expansion in the distribution, general engineering and machine tool markets and the effect of an acquisition. The European market (up 8%) continued to be favorable. Asia Pacific (up 22%) and India (up 25%) delivered double-digit growth, while the North American market showed flat-to-modest growth of 2%.
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Advanced Materials Solutions Group (AMSG) sales grew 6% on an organic basis. Energy product sales were up 18%, mining and ...

Kennametal Inc., Latrobe, PA, reported sales in the third quarter 2007 increased 7% on an organic basis to $616 million. Sales in the first nine months of fiscal 2007 were up 6% on an organic basis to $1.7 billion.
&nbsp ;
Metalworking Solutions & Services Group (MSSG) growth of 7% (organic) in the third quarter was led by year-over-year expansion in the distribution, general engineering and machine tool markets and the effect of an acquisition. The European market (up 8%) continued to be favorable. Asia Pacific (up 22%) and India (up 25%) delivered double-digit growth, while the North American market showed flat-to-modest growth of 2%.
&nbsp ;
Advanced Materials Solutions Group (AMSG) sales grew 6% on an organic basis. Energy product sales were up 18%, mining and construction product sales were higher by 4% and engineered product sales increased 4%.

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