Kennametal Inc. of Pittsburgh saw its net income increase about 33 percent for the quarter ending Dec. 31 compared with a year earlier.

Earnings per share jumped by 15 cents, to 66 cents, compared with the same period in 2017, the industrial toolmaker said this week.

Kennametal, with headquarters in Pittsburgh and corporate offices in Unity, said sales for the quarter recently ended increased to $587.4 million, up from $571.3 million for the same quarter in 2017.

It was the eighth consecutive quarter of sales growth, said Chris Rossi, Kennametal chief executive officer. The sales grew in all of the company’s three business segments.

“These results reflect our continued transformation of Kennametal and the ongoing monetization of our growth and simplification/modernization initiatives,” Rossi said.

With the release of the quarterly earnings, Kennametal reaffirmed its previous outlook for the fiscal year that ends June 30, predicting adjusted annual earnings per share of $2.90 to $3.20. It is projecting organic sales growth — growth within the existing company, exclusive of acquisitions — of 5 percent to 8 percent.

Kennametal’s stock closed Monday at $39.02 in trading on the New York Stock Exchange, up 77 cents a share.

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