v3.26.1
Segment Data
 9 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
SEGMENT DATA SEGMENT DATA
We operate in two reportable segments consisting of Metal Cutting and Infrastructure. Our reportable operating segments have been determined in accordance with our internal management structure, which is organized based on operating activities, the manner in which we organize segments for allocating resources, making operating decisions and assessing performance and the availability of separate financial results. We do not allocate certain corporate expenses related to executive retirement plans, our Board of Directors, strategic initiatives, and certain other costs and report them in Corporate. Our reportable operating segments do not represent the aggregation of two or more operating segments.
METAL CUTTING The Metal Cutting segment develops and manufactures high performance tooling and metal cutting products and services and offers an assortment of standard and custom metal cutting solutions to diverse end markets, including Aerospace & Defense, General Engineering, Energy and Transportation. The products include milling, hole making, turning, threading and toolmaking systems used in the manufacture of airframes, aero engines, trucks and automobiles, ships and various types of industrial equipment. We leverage advanced manufacturing capabilities in combination with varying levels of customization to solve our customers’ toughest challenges and deliver improved productivity for a wide range of applications. Metal Cutting markets its products under the Kennametal®, WIDIA®, WIDIA Hanita® and WIDIA GTD® brands through its direct sales force, a network of independent and national distributors, integrated supplier channels and via the Internet. Application engineers and technicians are critical to the sales process and directly assist our customers with specified product design, selection, application and support.
INFRASTRUCTURE Our Infrastructure segment produces engineered tungsten carbide and ceramic components, earth-cutting tools, and advanced metallurgical powders, primarily for the Aerospace & Defense, Energy, Earthworks and General Engineering end markets. These wear-resistant products include compacts, nozzles, frac seats and custom components used in oil and gas and petrochemical industries; rod blanks and abrasive water jet nozzles for general industries; earth cutting tools and systems used in underground mining, trenching and foundation drilling and road milling; tungsten carbide powders for the oil and gas, aerospace and process industries; high temperature critical wear components, tungsten penetrators and armor solutions for aerospace and defense; and ceramics used by the packaging industry for metallization of films and papers. We combine deep metallurgical and engineering expertise with advanced manufacturing capabilities, such as 3D printing, to deliver solutions that drive improved productivity for our customers. Infrastructure markets its products primarily under the Kennametal® brand and sells through a direct sales force as well as through distributors.
Segment data is summarized as follows:
Three Months Ended March 31,Nine Months Ended March 31,
(in thousands)2026202520262025
Sales:
Metal Cutting$357,907 $304,349 $999,591 $899,035 
Infrastructure234,678 182,050 620,493 551,363 
Total sales$592,585 $486,399 $1,620,084 $1,450,398 
Cost of goods sold:
Metal Cutting$223,533 $195,741 $635,578 $578,605 
Infrastructure160,284 134,529 447,234 419,624 
Operating expense:
Metal Cutting$94,173 $79,265 $268,385 $248,161 
Infrastructure29,497 24,249 83,558 75,255 
Three Months Ended March 31,Nine Months Ended March 31,
(in thousands)2026202520262025
Restructuring and other charges, net:
Metal Cutting$1,675 $4,076 $4,988 $5,834 
Infrastructure440 1,513 1,244 1,701 
Amortization of intangibles:
Metal Cutting$401 $368 $1,194 $1,128 
Infrastructure1,986 2,335 5,944 7,014 
Operating income:
Metal Cutting$38,125 $24,900 $89,447 $65,308 
Infrastructure42,471 19,423 82,512 47,770 
Total segment operating income80,596 44,323 171,959 113,078 
Unallocated corporate expenses(1,166)(263)(2,308)(1,325)
Total operating income$79,430 $44,060 $169,651 $111,753 
Interest expense6,264 6,213 18,539 18,705 
Other income, net(6,546)(5,454)(10,964)(8,589)
Income before income taxes$79,712 $43,301 $162,076 $101,637 
Depreciation and amortization:
Metal Cutting$26,221 $23,181 $74,432 $69,513 
Infrastructure11,945 10,672 33,148 31,908 
Total depreciation and amortization$38,166 $33,853 $107,580 $101,421 
Capital expenditures:
Metal Cutting$11,575 $15,545 $28,979 $43,967 
Infrastructure6,413 7,993 24,701 23,539 
Total capital expenditures$17,988 $23,538 $53,680 $67,506 
March 31, 2026March 31, 2025
Segment assets (3) :
Metal Cutting$1,363,641 $1,402,985 
Infrastructure914,769 698,854 
Corporate452,337 388,664 
Total assets$2,730,747 $2,490,503 
(3) Metal Cutting and Infrastructure segment assets are principally accounts receivable, less allowance for doubtful accounts; inventories; property, plant and equipment, net; goodwill; other intangible assets, net of accumulated amortization; and operating lease ROU assets. Corporate assets are principally cash and cash equivalents, other current assets, long-term prepaid pension benefit, deferred income taxes and other assets.
The following tables present Kennametal's revenue disaggregated by geography:
Three Months Ended
March 31, 2026March 31, 2025
(in percentages)Metal CuttingInfrastructureTotal KennametalMetal CuttingInfrastructureTotal Kennametal
Americas46%58%50%45%57%49%
Europe, the Middle East and Africa (EMEA)361930372131
Asia Pacific182320182220
Nine Months Ended
March 31, 2026March 31, 2025
(in percentages)Metal CuttingInfrastructureTotal KennametalMetal CuttingInfrastructureTotal Kennametal
Americas46%57%50%45%56%49%
EMEA362030362131
Asia Pacific182320192320
The following tables present Kennametal's revenue disaggregated by end market:
Three Months Ended
March 31, 2026March 31, 2025
(in percentages)Metal CuttingInfrastructureTotal KennametalMetal CuttingInfrastructureTotal Kennametal
General Engineering53%28%43%53%33%45%
Transportation24—1527—17
Aerospace & Defense151013131012
Energy8231472413
Earthworks—3915—3313
Nine Months Ended
March 31, 2026March 31, 2025
(in percentages)Metal CuttingInfrastructureTotal KennametalMetal CuttingInfrastructureTotal Kennametal
General Engineering53%30%44%53%33%46%
Transportation25—1527—16
Aerospace & Defense14101313912
Energy8221372313
Earthworks—3815—3513