Industrial tool manufacturer Kennametal Inc. (NYSE: KMT), Latrobe, PA, reported sales for the fiscal first quarter ended Sept. 30 of $542.5 million, up 13.7 percent from the same period a year ago. Profit was $39.6 million for the quarter, compared to a loss of $21.2 million the prior year.
First-quarter industrial segment sales of $297.5 million were up 10.6 percent compared to the prior-year quarter, and infrastructure segment sales of $199.7 million increased 19.5 percent year-over-year.
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