Kennametal Inc. (KMT) stock plunged 12.63% on Wednesday, following the company's disappointing fiscal second-quarter 2025 results and lowered guidance for the full year.
For the quarter ended December 31, 2024, Kennametal reported adjusted earnings of $0.25 per share, missing analysts' estimates of $0.26. Revenue of $482.1 million also fell short of expectations of $487.6 million.
Looking ahead, Kennametal lowered its fiscal 2025 adjusted earnings per share guidance to a range of $1.05 to $1.30, down from the previous outlook of $1.30 to $1.70. The company also trimmed its revenue guidance for the year to $1.95 billion to $2 billion, compared to the prior range of $2 billion to $2.1 billion.
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