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Posted November 1, 2021

Kennametal sales climb 21 percent

Kennametal reported sales of $484 million for its fiscal 2022 first quarter increased 21 percent from $400 million in the prior year quarter.


The gain reflected organic growth of 19 percent and a favorable currency exchange effect of 2 percent.

Net income of $36.2 million, or 43 cents per diluted share, compared to a loss of $21.7 million, or a loss of 26 cents per share, in the same period last year.

Metal Cutting sales of $298 million increased 20 percent from $248 million in the prior year quarter, driven by organic growth of 19 percent.

Infrastructure sales of $185 million increased 21 percent from $152 million in the prior year quarter, driven by organic growth of 19 percent.

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