v3.26.1
Segment Data
 12 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
SEGMENT DATA SEGMENT DATA
The Company manages and reports its business in the following two segments: Metal Cutting and Infrastructure. The Company's reportable operating segments have been determined in accordance with the Company's internal management structure, which is organized based on operating activities, the manner in which we organize segments for making operating decisions and assessing performance and the availability of separate financial results. The Company's chief operating decision maker is its President and Chief Executive Officer. The President and Chief Executive Officer regularly reviews the discrete financial information of the Metal Cutting and Infrastructure reportable operating segments to assess performance and make decisions about the allocation of resources. The primary measure of profit or loss considered by the President and Chief Executive Officer when evaluating reportable operating segment performance is segment operating income. We do not allocate certain corporate expenses related to executive retirement plans, the Company’s Board of Directors and strategic initiatives, as well as certain other costs and report them in Corporate. Our reportable operating segments do not represent the aggregation of two or more operating segments.
Sales to a single customer did not aggregate to more than five percent of total sales in 2026, 2025 and 2024.
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 General Engineering, Transportation, Aerospace & Defense and Energy. 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 Earthworks, General Engineering, Energy and Aerospace & Defense 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: 
(in thousands)202620252024
Sales:
Metal Cutting$1,397,418 $1,219,686 $1,280,781 
Infrastructure959,280 747,159 766,118 
Total sales$2,356,698 $1,966,845 $2,046,899 
Cost of goods sold:
Metal Cutting$829,720 $793,479 $807,519 
Infrastructure556,130 575,678 612,178 
Operating expense:
Metal Cutting$363,313 $329,302 $331,019 
Infrastructure113,605 99,433 100,044 
Restructuring and other charges, net:
Metal Cutting$7,190 $9,015 $8,400 
Infrastructure1,719 2,797 3,752 
Amortization of intangibles:
Metal Cutting$1,590 $1,515 $1,270 
Infrastructure7,932 9,274 10,287 
(in thousands)202620252024
Operating income:
Metal Cutting$195,605 $86,375 $132,573 
Infrastructure279,893 58,465 39,857 
Total segment operating income475,498 144,840 172,430 
Unallocated corporate expenses(2,966)(1,717)(2,207)
Total operating income$472,532 $143,123 $170,223 
Interest expense$28,561 $24,930 $26,472 
Other income, net(17,358)(13,811)(699)
Income before income taxes$461,329 $132,004 $144,450 
Depreciation and amortization:
Metal Cutting$98,433 $93,544 $90,917 
Infrastructure44,722 42,953 43,770 
Total depreciation and amortization$143,155 $136,497 $134,687 
Segment assets(4):
Metal Cutting$1,406,811 $1,423,714 $1,416,884 
Infrastructure1,287,348 675,785 690,374 
Corporate472,593 445,913 396,500 
Total assets$3,166,752 $2,545,412 $2,503,758 
Capital expenditures:
Metal Cutting$40,644 $55,360 $71,148 
Infrastructure36,261 33,611 36,413 
Total capital expenditures$76,905 $88,971 $107,561 
(4) Metal Cutting and Infrastructure segment assets are principally accounts receivable, less allowance for doubtful accounts, inventories, property, plant and equipment, net, goodwill and other intangible assets, net of accumulated amortization. Corporate assets are principally cash and cash equivalents, other current assets, long-term prepaid pension benefit, deferred income taxes, operating lease ROU assets and other assets.
Geographic information for sales, based on country where the sale originated, and long-lived assets is as follows:
(in thousands)202620252024
Sales:
   United States$1,017,788 $794,575 $824,275 
   Germany297,912 263,817 278,824 
   China219,305 189,571 199,069 
   India143,408 119,390 115,397 
   Canada101,260 95,167 102,666 
   Italy70,076 58,574 68,575 
   France62,664 53,823 55,670 
   Mexico58,481 44,672 44,408 
   South Africa56,069 46,148 42,609 
   Spain34,931 32,671 32,262 
   United Kingdom32,633 31,971 32,013 
   Brazil27,747 25,595 30,224 
   Other(5)
234,424 210,871 220,907 
Total sales$2,356,698 $1,966,845 $2,046,899 
Total long-lived assets:
   United States$446,690 $486,762 $516,659 
   Germany213,564 237,569 219,633 
   China69,956 73,875 77,759 
   India35,132 38,719 41,886 
   Israel24,183 23,302 22,018 
   Canada15,714 17,701 18,927 
   Other (5)
38,345 41,986 41,181 
Total long-lived assets(6)
$843,584 $919,914 $938,063 
(5) Other does not contain any country that individually exceeds 2 percent of total sales or total long-lived assets, respectively.
(6) Total long-lived assets as of June 30, 2026, 2025 and 2024 include property, plant and equipment, net.
The following table presents Kennametal's revenue disaggregated by segment by geography:
Metal CuttingInfrastructureTotal Kennametal
202620252024202620252024202620252024
Americas46 %45 %45 %59 %56 %58 %52 %49 %49 %
EMEA36 36 37 20 21 20 29 31 31 
Asia Pacific18 19 18 21 23 22 19 20 20 
The following table presents Kennametal's revenue disaggregated by segment by end market:
Metal CuttingInfrastructureTotal Kennametal
202620252024202620252024202620252024
General Engineering53 %53 %54 %28 %33 %34 %43 %46 %46 %
Transportation24 27 27 — — — 14 16 17 
Aerospace & Defense15 13 12 10 9 8 13 12 11 
Energy8 7 7 24 23 22 15 13 13 
Earthworks— — — 38 35 36 15 13 13