Kennametal Inc. (NYSE: KMT), Latrobe, PA, reported sales for the second quarter ended Dec. 31 of $571.3 million, an increase of 17.2 percent from the previous year. Profit was $41.6 million, up from $7.3 million the same quarter a year ago.
Industrial segment sales of $312.4 million were up 16.9 percent compared to the prior year quarter. Infrastructure segment sales of $211.2 million increased 19.2 percent from the prior year.
Year-to-date, Kennametal reported sales of $1.1 billion, up 15.5 percent from the same period a year ago. Profit to date was $80.8 million, up from a loss of $14.4 million the first six months of fiscal 2015.
