WASHINGTON (dpa-AFX) - (Adds Outlook, Dividend)

Kennametal Inc. (KMT) released a profit for third quarter that decreased from
last year in line with the Street estimates.

The company's bottom line totaled $18.98 million, or $0.24 per share. This
compares with $31.94 million, or $0.39 per share, in last year's third quarter.

Excluding items, Kennametal Inc. reported adjusted earnings of $23.93 million or
$0.30 per share for the period.

Analysts on average had expected the company to earn $0.30 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

The company's revenue for the quarter fell 3.8% to $515.79 million from $536.04
million last year.

Outlook

For fiscal 2024, the company now expects adjusted earnings per share to be $1.40
to $1.55 and sales between $2.03 billion and $2.05 billion.

The company previously expected adjusted earnings per share $1.35 to $1.65 and
sales between $2.02 billion and $2.07 billion.

The Street is looking for earnings of $1.48 per share and sales of $2.05
billion.

Dividend

Further, Kennametal announced that its Board of Directors declared a quarterly
cash dividend of $0.20 per share. The dividend is payable on May 28 to
shareholders of record as of the close of business on May 14.

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