Business
Kennametal Announces Fiscal 2025 Third Quarter Results
Kennametal Inc. (NYSE: KMT) (the "Company") today reported results for its fiscal 2025 third quarter ended March 31, 2025, with sales of $486 million compared to $516 million in the prior year quarter, and earnings per diluted share (EPS) of $0.41 compared to $0.24 in the prior year quarter. The current quarter pre-tax results include a benefit of approximately $10 million from an advanced manufacturing production credit under the Inflation Reduction Act. Adjusted EPS was $0.47 in the current qu
About this update from Kennametal Inc.
[{"type":"list","items":[{"val":[{"type":"text","content":"Earnings per diluted share (EPS) of $0.41 and adjusted EPS of $0.47, compared to $0.24 and $0.30, respectively, in the prior year quarter","length":137,"tagName":"p"}]},{"val":[{"type":"text","content":"Returned approximately $40 million to shareholders; $25 million in share repurchases and $15 million in dividends","length":113,"tagName":"p"}]},{"val":[{"type":"text","content":"Company provides updated annual Outlook","length":39,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":289,"olType":false},{"type":"text","content":"PITTSBURGH, May 7, 2025 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) (the "Company") today reported results for its fiscal 2025 third quarter ended March 31, 2025, with sales of $486 million compared to $516 million in the prior year quarter, and earnings per diluted share (EPS) of $0.41 compared to $0.24 in the prior year quarter. The current quarter pre-tax results include a benefit of approximately $10 million from an advanced manufacturing production credit under the Inflation Reduction Act. Adjusted EPS was $0.47 in the current quarter compared to $0.30 in the prior year quarter.","length":605,"tagName":"p"},{"type":"text","content":""During the quarter we demonstrated continued progress on our growth and cost initiatives despite weak market conditions, primarily in EMEA and the Americas," said Sanjay Chowbey, President and CEO. "The market headwinds resulted in sales slightly below our midpoint while adjusted EPS exceeded the upper end of our outlook primarily due to an advanced manufacturing production credit."","length":406,"tagName":"p"},{"type":"text","content":"Chowbey continued: "Like many companies, the recent uncertainty regarding tariff policies has affected Kennametal, however we intend to mitigate the direct effect of tariffs on our business and will pursue new opportunities to take share."","length":249,"tagName":"p"},{"type":"text","content":"Fiscal 2025 Third Quarter Key Developments","length":42,"tagName":"p"},{"type":"text","content":"Sales of $486 million decreased 6 percent from $516 million in the prior year quarter, reflecting an organic sales decline of 3 percent and an unfavorable currency exchange effect of 3 percent.","length":193,"tagName":"p"},{"type":"text","content":"During the quarter, t...