XML 47 R38.htm IDEA: XBRL DOCUMENT v3.23.3

Segment Data (Tables)

3 Months Ended

Sep. 30, 2023

Segment Reporting [Abstract]

Disaggregation of Revenue [Table Text Block]

The following table presents Kennametal's revenue disaggregated by geography:

			Three Months Ended
			September 30, 2023																		September 30, 2022
(in percentages)			Metal Cutting						Infrastructure						Total Kennametal						Metal Cutting						Infrastructure						Total Kennametal
Americas			45%						59%						50%						45%						62%						51%
EMEA			37						19						30						33						16						27
Asia Pacific			18						22						20						22						22						22

To better align with the Company's strategic goals and initiatives, certain of the end markets that are reported externally and used to analyze sales performance were redefined beginning in the fourth quarter of fiscal 2023. The changes include 1.) defense sales were moved from general engineering and are now combined with aerospace sales for a new "aerospace and defense" end market, 2.) certain Metal Cutting sales have been reclassified from general engineering to the aerospace and defense end market, and 3.) Infrastructure's ceramics sales have been reclassified from energy to the general engineering end market. The fiscal 2023 period has been retrospectively restated to align with the new end markets.

The following tables presents Kennametal's revenue disaggregated by end market:

			Three Months Ended September 30, 2023
(in percentages)			Metal Cutting						Infrastructure						Total Kennametal
General engineering			54%						34%						46%
Transportation			27						—						17
Aerospace & Defense			12						6						10
Energy			7						22						13
Earthworks			—						38						14

			Three Months Ended September 30, 2022
(in percentages)			Metal Cutting						Infrastructure						Total Kennametal
General engineering			55%						35%						47%
Transportation			27						—						16
Aerospace & Defense			11						3						8
Energy			7						25						14
Earthworks			—						37						15

Sales and operating income (loss) by segment and segment assets

Our sales and operating income by segment are as follows:

			Three Months Ended September 30,
(in thousands)			2023						2022
Sales:
Metal Cutting			$	308,229					$	299,936
Infrastructure			184,247						194,856
Total sales			$	492,476					$	494,792
Operating income:
Metal Cutting			$	32,117					$	28,605
Infrastructure			13,644						20,787
Corporate			(643)						(866)
Total operating income			45,118						48,526
Interest expense			6,601						6,638
Other expense, net			89						1,009
Income before income taxes			$	38,428					$	40,879

X

- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-5

+ Details

Name:	us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-25

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration