v3.26.3
Segment Data
 3 Months Ended
Sep. 30, 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 September 30,
(in thousands)20262025
Sales:
Metal Cutting$398,155 $310,625 
Infrastructure370,038 187,349 
Total sales$768,193 $497,974 
Cost of goods sold:
Metal Cutting$178,417 $200,775 
Infrastructure76,170 142,595 
Three Months Ended September 30,
(in thousands)20262025
Operating expense:
Metal Cutting$95,963 $86,173 
Infrastructure30,345 26,264 
Restructuring and other charges, net:
Metal Cutting$5,389 $1,718 
Infrastructure(34)(129)
Amortization of intangibles:
Metal Cutting$318 $396 
Infrastructure1,833 1,979 
Operating income:
Metal Cutting$118,337 $21,564 
Infrastructure261,723 16,639 
Total segment operating income380,060 38,203 
Unallocated corporate expenses(809)(644)
Total operating income$379,251 $37,559 
Interest expense11,472 6,186 
Other expense (income), net11,063 (2,322)
Income before income taxes$356,716 $33,695 
Depreciation and amortization:
Metal Cutting$23,328 $24,447 
Infrastructure10,478 10,598 
Total depreciation and amortization$33,806 $35,045 
Capital expenditures:
Metal Cutting$5,191 $11,615 
Infrastructure5,613 11,367 
Total capital expenditures$10,804 $22,982 
Segment assets(3) :
Metal Cutting$1,494,913 $1,394,560 
Infrastructure1,700,631 701,801 
Corporate684,694 422,563 
Total assets$3,880,238 $2,518,924 
(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. 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.
The following tables present Kennametal's revenue disaggregated by geography:
Three Months Ended
September 30, 2026September 30, 2025
(in percentages)Metal CuttingInfrastructureTotal KennametalMetal CuttingInfrastructureTotal Kennametal
Americas50%64%57%46%57%50%
Europe, the Middle East and Africa (EMEA)322127362131
Asia Pacific181516182219

The following tables present Kennametal's revenue disaggregated by end market:
Three Months Ended
September 30, 2026September 30, 2025
(in percentages)Metal CuttingInfrastructureTotal KennametalMetal CuttingInfrastructureTotal Kennametal
General Engineering54%24%40%52%31%44%
Transportation22—1126—16
Aerospace & Defense151214141113
Energy9291882113
Earthworks—3517—3714