The Unity-based tooling manufacturer said it set sales records of $753 million in the fourth quarter ended June 30, compared to $657 million in the same quarter for 2007.
The quarterly earnings per share included charges of 8 cents a share related to the company's restructuring.
For the full year, Kennametal reported net income fell 3 percent to $167.7 million, or $2.15 a share, compared to $174.2 million, or $2.22 a share. Sales for the year rose to $2.70 billion, compared to $2.38 billion in 2007.
"For both periods, we delivered record sales and achieved new milestones to adjusted earnings per share, despite weaker market conditions in North America and higher raw material costs," Kennametal Chief Executive Officer Carlos Cardoso said in a statement.
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