WASHINGTON (dpa-AFX) - While reporting financial results for the third quarter on Wednesday, industrial technology firm Kennametal Inc. (KMT) raised its adjusted earnings for the full-year 2025, while narrowing annual sales outlook range.
For fiscal 2025, the company now projects adjusted earnings in a range of $1.30 to $1.45 per share on sales between $1.97 billion and $1.99 billion.
Previously, the company expected adjusted earnings in the range of $1.05 to $1.30 per share on sales between $1.95 billion and $2.0 billion.
On average, analysts polled expect the company to report earnings of $1.13 per share on sales of $1.97 billion for the year. Analysts' estimates typically exclude special items.
Kennametal also announced that its Board of Directors declared a quarterly cash dividend of $0.20 per share, payable on May 27, 2025 to shareholders of record as of the close of business on May 13, 2025.
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