Kennametal cuts FY25 adjusted EPS view to $1.05-$1.30 from $1.30-$1.70

Consensus $1.44. Cuts FY25 revenue view to $1.95B-$2B from $2B-$2.1B, consensus $2.03B. Sees FY25 adjusted ETR 27.5%. Sees FY25 capital spending $100M. Sees FY25 operating cash flow greater than 125% of adjusted net income. Chowbey continued: “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. By the end of this fiscal year, these actions, along with prior initiatives, will have us on pace to achieve approximately $65 million of the $100 million structural cost improvement program we introduced at our September 2023 Investor Day.”