Kennametal’s Q4

Hardmetal specialist Kennametal has reported Q4 sales of US$516 million, up from US$379 million by 36%.

Operating income was US$61 million, compared with US$16 million. Metal cutting sales were US$312 million, an increase of 37% from US$227 million in Q4 2020.

“Our performance this year demonstrates continued success in transforming the company, including achieving our simplification/modernization savings target. […] Looking ahead, we are confident in our growth and profitability strategy and will continue to invest in the business to further those initiatives,’ said CEO Christopher Rossi.