The results were led by the metal cutting segment that saw higher sales volumes of $334m – a 6% rise from $314m the previous year. This was driven by organic growth of 10% and a favourable business days effect of 1%,
Christopher Rossi, President and CEO, said: “We delivered year-over-year organic sales growth and strong cash flow in the quarter and continued the successful execution of our strategic initiatives, while navigating macroeconomic headwinds, such as a slower recovery in China and high inflation."
"Driven by these results and the continued confidence in our strategic initiatives, we are raising our full year sales and EPS outlook."
