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Segment Data
9 Months Ended
Mar. 31, 2021
Segment Reporting [Abstract]  
SEGMENT DATA SEGMENT DATA
Effective July 1, 2020, as a result of a change in commercial strategy, organizational structure, and the way performance is assessed and resources are allocated, the Industrial and Widia businesses were combined to form one Metal Cutting business. The Infrastructure business remained unchanged. Therefore, we currently 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, and 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, 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 applicationsMetal 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 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; and ceramics used by the packaging industry for metallization of films and papers. We combine deep metallurgical and engineering expertise with advanced manufacturing capabilities 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.
Our sales and operating income (loss) by segment are as follows:
 Three Months Ended March 31,Nine Months Ended March 31,
(in thousands)2021202020212020
Sales:
Metal Cutting$308,144 $303,459 $838,937 $951,123 
Infrastructure176,514 179,625 486,533 555,129 
Total sales$484,658 $483,084 $1,325,470 $1,506,252 
Operating income (loss):
Metal Cutting$22,674 $16,619 $12,741 $749 
Infrastructure18,282 21,941 31,815 7,679 
Corporate(1,434)(667)(3,178)(1,797)
Total operating income39,522 37,893 41,378 6,631 
Interest expense20,928 7,897 39,823 23,834 
Other income, net(2,692)(2,438)(10,568)(9,330)
Income (loss) before income taxes$21,286 $32,434 $12,123 $(7,873)
The following table presents Kennametal's revenue disaggregated by geography:
Three Months Ended
March 31, 2021March 31, 2020
(in thousands)Metal CuttingInfrastructureTotal KennametalMetal CuttingInfrastructureTotal Kennametal
Americas37%58%45%42%64%50%
EMEA401731381830
Asia Pacific232524201820
Nine Months Ended
March 31, 2021March 31, 2020
(in thousands)Metal CuttingInfrastructureTotal KennametalMetal CuttingInfrastructureTotal Kennametal
Americas38%56%45%42%62%50%
EMEA381931371830
Asia Pacific242524212020
The following tables presents Kennametal's revenue disaggregated by end market:
Three Months Ended March 31, 2021
(in thousands)Metal CuttingInfrastructureTotal Kennametal
General engineering53%37%48%
Transportation3220
Aerospace85
Energy72614
Earthworks3713
Three Months Ended March 31, 2020
(in thousands)Metal CuttingInfrastructureTotal Kennametal
General engineering52%35%46%
Transportation2818
Aerospace127
Energy82916
Earthworks3613
Nine Months Ended March 31, 2021
(in thousands)Metal CuttingInfrastructureTotal Kennametal
General engineering53%36%47%
Transportation3120
Aerospace85
Energy82514
Earthworks3914
Nine Months Ended March 31, 2020
(in thousands)Metal CuttingInfrastructureTotal Kennametal
General engineering52%34%45%
Transportation2818
Aerospace128
Energy82916
Earthworks3713