Kennametal Inc., Latrobe, PA, reported sales for its fourth quarter ended June 30, 2008, increased 15% over the same period a year ago to $753 million, including organic sales growth of 4%. Profit was $59.6 million, down 4% from the previous year.
Sales for the fiscal year 2008 were $2.7 billion, a 13% increase over the prior year. Profit declined 3.7% to $167.8 million. Sales for the year grew 4% on an organic basis, 3% from acquisitions and 6% from foreign currency effects.
Metalworking Solutions and Services Group grew by 13% for the quarter, driven by organic sales gains and favorable currency effects. Organic sales in all geographic regions except North America experienced growth.
Advanced Materials Solutions Group (AMSG) sales increased 17% …
Kennametal Organic Growth at 4% in Fiscal 2008
Kennametal Inc., Latrobe, PA, reported sales for its fourth quarter ended June 30, 2008, increased 15% over the same period a year ago to $753 million, including organic sales growth of 4%. Profit was $59.6 million, down 4% from the previous year.
Sales for the fiscal year 2008 were $2.7 billion, a 13% increase over the prior year. Profit declined 3.7% to $167.8 million. Sales for the year grew 4% on an organic basis, 3% from acquisitions and 6% from foreign currency effects.
Metalworking Solutions and Services Group grew by 13% for the quarter, driven by organic sales gains and favorable currency effects. Organic sales in all geographic regions except North America experienced growth.
Advanced Materials Solutions Group (AMSG) sales increased 17% …
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