v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Jun. 30, 2025
Current assets:    
Cash and cash equivalents $ 95,791 $ 140,540
Accounts receivable, less allowance for doubtful accounts of $8,812 and $8,819 respectively 408,438 295,401
Inventories (Note 7) 1,108,450 538,237
Other current assets 159,092 65,092
Total current assets 1,771,771 1,039,270
Property, plant and equipment:    
Land and buildings 439,537 440,187
Machinery and equipment 2,014,787 2,058,497
Less accumulated depreciation (1,610,740) (1,578,770)
Property, plant and equipment, net 843,584 919,914
Other assets:    
Goodwill (Note 8) 279,213 282,726
Other intangible assets, less accumulated amortization of $181,878 and $175,501, respectively (Note 8) 55,886 67,209
Operating lease right-of-use assets (Note 9) 45,803 45,221
Deferred income taxes (Note 13) 41,280 90,473
Long-term prepaid pension benefit (Note 14) 87,268 75,062
Other 41,947 25,537
Total other assets 551,397 586,228
Total assets 3,166,752 2,545,412
Current liabilities:    
Revolving and other lines of credit and notes payable (Note 12) 32,170 977
Current operating lease liabilities (Note 9) 11,718 12,187
Accounts payable 369,841 195,929
Accrued income taxes 15,967 8,546
Accrued vacation pay 13,121 12,123
Accrued payroll 54,803 43,461
Other current liabilities (Note 10) 179,088 149,106
Total current liabilities 676,708 422,329
Long-term debt, less current maturities (Note 11) 685,280 596,788
Operating lease liabilities (Note 9) 34,538 33,408
Deferred income taxes (Note 13) 31,016 32,609
Accrued postretirement benefits (Note 14) 5,323 5,752
Accrued pension benefits (Note 14) 96,726 106,963
Accrued income taxes 2,578 1,936
Other liabilities 21,146 20,979
Total liabilities 1,553,315 1,220,764
Commitments and contingencies (Note 20)
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; 76,213 and 76,012 shares issued, respectively 95,267 95,015
Additional paid-in capital 390,310 373,902
Retained earnings 1,483,297 1,201,755
Accumulated other comprehensive loss (Note 15) (399,030) (386,693)
Total Kennametal Shareholders’ Equity 1,569,844 1,283,979
Noncontrolling interests 43,593 40,669
Total equity 1,613,437 1,324,648
Total liabilities and equity $ 3,166,752 $ 2,545,412