Kennametal initiates fiscal 2027 guidance, shares rise 5.3%

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Kennametal Inc. initiated its fiscal 2027 outlook, projecting adjusted earnings of $2.50 to $2.80 per share on sales between $745 million and $775 million for the first quarter. For the full fiscal 2026 year, the industrial technology firm now expects adjusted earnings of $4.15 to $5.15 per share on sales of $3.33 billion to $3.45 billion. The company also declared a quarterly cash dividend of $0.20 per share, payable August 25, 2026 to shareholders of record as of August 11. In pre-market trading, KMT shares rose 5.26 percent to $38.00 on the NYSE.

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Kennametal Inc
KMT
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Company initiates fiscal 2027 guidance and raises fiscal 2026 outlook, boosting investor confidence.