BUZZ-Kennametal falls on lower annual forecast

Shares of cutting tools and engineered components maker Kennametal KMT.N down 5.3% at $22.22, their lowest since October 12

Expects 2025 sales to be between $1.95 billion and $2.0 billion, below analysts' average estimate of $2.03 billion — LSEG

Also expects 2025 adj. profit of $1.05 to $1.30 per share vs analysts' average estimate of $1.44 per share

Sees Q3 sales to be between $480 million and $500 million vs analysts' average estimate of $515.5 million

"In light of these challenging conditions, we have reduced our full-year outlook and have taken the additional restructuring actions we announced in mid-January" — CEO Sanjay Chowbey

Reports Q2 sales of $482 million and adj. EPS of $0.25

KMT's shares fell ~6.86% in 2024