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Posted February 5, 2019

Kennametal 2Q sales up 3 percent

Kennametal reported fiscal 2019 second quarter sales were up 3 percent to $587 million, compared with $571 million in the prior year quarter.


Net income of $54.7 million, or 66 cents per share, compared to income of $42.2 million, or 50 cents, in the same period last year.

Industrial sales of $317 million increased 2 percent from $312 million year-over-year, with organic sales growth of 3 percent.

Widia sales of $49 million increased 3 percent from $48 million year-over-year, driven by organic sales growth of 4 percent.

Infrastructure sales of $221 million increased 5 percent from $211 million year-over-year, driven by organic sales growth of 4 percent.

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