Kennametal (KMT) reported fiscal Q4 adjusted earnings Wednesday of $0.34 per diluted share, down from $0.49 a year earlier.

Analysts polled by FactSet expected $0.39.

Revenue for the quarter ended June 30 was $516.4 million, compared with $543.3 million a year earlier.

Analysts surveyed by FactSet expected $527.6 million.

For fiscal Q1, the company expects adjusted earnings to be $0.20 to $0.30 per share on revenue of $465 million to $485 million. Analysts surveyed by FactSet expect adjusted earnings of $0.29 per share on revenue of $487.5 million.

The company said it expects fiscal 2026 adjusted earnings to be $0.90 to $1.30 per share on sales of $1.95 billion to $2.05 billion. Analysts surveyed by FactSet expect adjusted earnings of $1.44 per share and revenue of $2.02 billion.

Shares of the company were down nearly 22% in Wednesday's premarket activity.