v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Mar. 31, 2026
Jun. 30, 2025
Current assets:    
Cash and cash equivalents $ 106,850 $ 140,540
Accounts receivable, less allowance for doubtful accounts of $8,589 and $8,819, respectively 334,429 295,401
Inventories (Note 9) 747,346 538,237
Other current assets 89,452 65,092
Total current assets 1,278,077 1,039,270
Property, plant and equipment:    
Land and buildings 438,083 440,187
Machinery and equipment 2,013,275 2,058,497
Less accumulated depreciation (1,593,447) (1,578,770)
Property, plant and equipment, net 857,911 919,914
Other assets:    
Goodwill (Note 17) 280,265 282,726
Other intangible assets, less accumulated amortization of $182,564 and $175,501, respectively (Note 17) 59,966 67,209
Operating lease right-of-use assets 44,973 45,221
Deferred income taxes 89,301 90,473
Other 120,254 100,599
Total other assets 594,759 586,228
Total assets 2,730,747 2,545,412
Current liabilities:    
Revolving and other lines of credit and notes payable (Note 11) 16,750 977
Current operating lease liabilities 11,795 12,187
Accounts payable 263,068 195,929
Accrued income taxes 10,162 8,546
Accrued expenses 62,974 55,584
Other current liabilities 171,320 149,106
Total current liabilities 536,069 422,329
Long-term debt, less current maturities (Note 10) 597,394 596,788
Operating lease liabilities 33,629 33,408
Deferred income taxes 30,478 32,609
Accrued pension and postretirement benefits 111,268 112,715
Accrued income taxes 2,674 1,936
Other liabilities 20,863 20,979
Total liabilities 1,332,375 1,220,764
Commitments and contingencies (Note 18)
Kennametal Shareholders’ Equity:    
Preferred stock, no par value; 5,000 shares authorized; none issued 0 0
Capital stock, $1.25 par value; 120,000 shares authorized; 76,209 and 76,012 shares issued, respectively 95,262 95,015
Additional paid-in capital 381,648 373,902
Retained earnings 1,271,562 1,201,755
Accumulated other comprehensive loss (393,738) (386,693)
Total Kennametal Shareholders’ Equity 1,354,734 1,283,979
Noncontrolling interests 43,638 40,669
Total equity 1,398,372 1,324,648
Total liabilities and equity $ 2,730,747 $ 2,545,412