Kennametal Inc. Raises FY 2012 Guidance; Declares Dividend

Kennametal Inc. announced that for fiscal 2012, it expects organic sales growth guidance range of 10%-12% and increased total sales growth guidance to a range of 10%-12% from its previous estimate of 9%-11%. The company has increased its EPS guidance for fiscal 2012 to the range of $3.70-$3.90 per share from the previous range of $3.60-$3.85 per share. The Company reported revenues of $2.404 billion in fiscal 2011. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $2.698 billion and EPS of $3.72 for fiscal 2012. The Company also announced that its Board of Directors declared a regular quarterly cash dividend of $0.14 per share. The dividend is payable February 22, 2012 to shareowners of record as of the close of business on February 7, 2012.