Kennametal 2006 Sales Up 6%
Kennametal Inc., Latrobe, PA, reported sales of $2.3 billion in the fiscal year 2006, up 6% versus 2005. Sales for the year include 11 months of J& L Industrial Supply before it was sold to MSC Industrial. Net income was $256 million, up from $119 million in the prior year.
Kennametal reported fourth quarter sales of $612 million, up 3% versus the same quarter last year. Sales in the fourth quarter include two months of J& L Industrial Supply activity prior to selling the business to MSC Industrial.
Net income for the fourth quarter was $164 million, up from $37 million in the prior year fourth quarter.
Fourth quarter results included charges associated with ...