Kennametal Inc. Boosts FY25 Outlook Amid Strong Q3 Performance

PITTSBURGH, May 7, 2025 — Kennametal Inc. (NYSE: KMT), a global leader in industrial technology, has announced a positive update to its financial outlook for fiscal year 2025, following a robust third-quarter performance. The company, which specializes in manufacturing and distributing tools and wear-resistant parts for industries such as metalworking, mining, oil, and energy, reported significant improvements in its earnings per share (EPS) and adjusted EPS for the third quarter.

Q3 Financial Highlights

For the fiscal 2025 third quarter ended March 31, 2025, Kennametal reported earnings per diluted share of $0.41 and adjusted EPS of $0.47. This marks a substantial increase from the prior year’s quarter, where EPS was $0.24 and adjusted EPS was $0.30. The company’s net profit for the quarter was $31.48 million, or $0.41 per share, compared to $18.98 million, or $0.24 per share, in the same period last year. Excluding certain items, Kennametal’s adjusted earnings were $36.34 million, or $0.47 per share, surpassing analysts’ expectations.

Shareholder Returns and Outlook

Kennametal returned approximately $40 million to shareholders during the quarter, with $25 million allocated to share repurchases and $15 million in dividends. The company’s strong performance has led to an upward revision of its full-year 2025 adjusted earnings outlook, now projected to be in the range of $1.30 to $1.45 per share. The annual sales outlook has also been narrowed to between $1.97 billion and $1.99 billion.

Market Reaction

Following the announcement, Kennametal’s stock price increased by 6.4%, reflecting investor confidence in the company’s improved financial outlook and operational performance. As of May 4, 2025, the stock closed at $19.96, with a 52-week high of $32.18 and a low of $17.30.

Company Overview

Kennametal Inc., headquartered in Pittsburgh, operates globally and is listed on the New York Stock Exchange. With a market capitalization of $1.51 billion and a price-to-earnings ratio of 16.05, the company continues to be a key player in the industrial machinery sector. Kennametal’s commitment to innovation and customer service remains central to its strategy as it navigates the evolving demands of its diverse customer base.

In summary, Kennametal’s strong third-quarter results and revised full-year outlook underscore its resilience and strategic focus, positioning it well for continued growth in the industrial technology sector.