Industrial tool manufacturer Kennametal Inc. (NYSE: KMT), Latrobe, PA, reported sales for the fiscal first quarter ended Sept. 30 of $477.1 million, down 14 percent from the same period a year ago.
The company reported a loss of $21.7 million for the quarter, compared to a loss of $6.2 million the prior year.
First-quarter industrial segment sales of $269 million were flat compared to the prior-year quarter, and infrastructure segment sales of $167 million decreased 31 percent year-over-year.
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