Kennametal Inc. (NYSE: KMT), Latrobe, Pennsylvania, reported third-quarter sales of $483.1 million, down 19.1% in the same period a year ago. Net income was $2.2 million, down from $70.1 million in 3Q 2019.
For the first nine months, sales totaled $1.5 billion, down 15% over the same period in 2019. The company reported a loss of $23 thousand, down from $4.9 million in the first nine months of 2019.
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