WASHINGTON (dpa-AFX) - Kennametal Inc. (KMT) said its Board of Directors
authorized an additional share repurchase program. The company plans to
repurchase up to an additional $200 million of Kennametal common stock over a
three-year period. The company anticipates to fund repurchases through cash
generated from operations.

Christopher Rossi, CEO, said: 'We remain focused on the things we can control
including gaining share and accelerating progress on our $100 million in cost
reductions by the end of fiscal 2027. As a result, we are taking additional
actions to increase the savings of our current restructuring program from $20
million to $35 million by the end of fiscal 2024.'



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