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Segment Data (Tables) | 3 Months Ended
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Sep. 30, 2025
Segment Reporting [Abstract] |
Schedule of segment data | Segment data is summarized as follows:
| Three Months Ended September 30, |  |
(in thousands) | 2025 |  | 2024 |  |
Sales: |  |  |  |  |
Metal Cutting | $ | 310,625 |  |  | $ | 296,900 |  |  |
Infrastructure | 187,349 |  |  | 185,048 |  |  |
Total sales | $ | 497,974 |  |  | $ | 481,948 |  |  |
Cost of goods sold: |  |  |  |  |
Metal Cutting | $ | 200,775 |  |  | $ | 187,506 |  |  |
Infrastructure | 142,595 |  |  | 143,427 |  |  |
Operating expense: |  |  |  |  |
Metal Cutting | $ | 86,173 |  |  | $ | 84,571 |  |  |
Infrastructure | 26,264 |  |  | 26,557 |  |  |
Restructuring and other charges, net: |  |  |  |  |
Metal Cutting | $ | 1,718 |  |  | $ | 621 |  |  |
Infrastructure | (129) |  |  | (10) |  |  |
Amortization of intangibles: |  |  |  |  |
Metal Cutting | $ | 396 |  |  | $ | 380 |  |  |
Infrastructure | 1,979 |  |  | 2,338 |  |  |
Operating income: |  |  |  |  |
Metal Cutting | $ | 21,564 |  |  | $ | 23,822 |  |  |
Infrastructure | 16,639 |  |  | 12,734 |  |  |
Total segment operating income | 38,203 |  |  | 36,556 |  |  |
Unallocated corporate expenses | (644) |  |  | (529) |  |  |
Total operating income | $ | 37,559 |  |  | $ | 36,027 |  |  |
Interest expense | $ | 6,186 |  |  | $ | 6,312 |  |  |
Other income, net | (2,322) |  |  | (1,657) |  |  |
Income before income taxes | $ | 33,695 |  |  | $ | 31,372 |  |  |
Depreciation and amortization: |  |  |  |  |
Metal Cutting | $ | 24,447 |  |  | $ | 22,999 |  |  |
Infrastructure | 10,598 |  |  | 10,558 |  |  |
Total depreciation and amortization | $ | 35,045 |  |  | $ | 33,557 |  |  |
Segment assets(3): |  |  |  |  |
Metal Cutting | $ | 1,394,560 |  |  | $ | 1,425,968 |  |  |
Infrastructure | 701,801 |  |  | 695,288 |  |  |
Corporate | 422,563 |  |  | 400,673 |  |  |
Total assets | $ | 2,518,924 |  |  | $ | 2,521,929 |  |  |
Capital expenditures: |  |  |  |  |
Metal Cutting | $ | 11,615 |  |  | $ | 16,368 |  |  |
Infrastructure | 11,367 |  |  | 8,380 |  |  |
Total capital expenditures | $ | 22,982 |  |  | $ | 24,748 |  |  |
(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; and operating lease ROU assets. Corporate assets are principally cash and cash equivalents, other current assets, long-term prepaid pension benefit, deferred income taxes and other assets.
Schedule of disaggregation of revenue | The following table presents Kennametal's revenue disaggregated by geography:
| Three Months Ended
| September 30, 2025 |  | September 30, 2024
(in percentages) | Metal Cutting |  | Infrastructure |  | Total Kennametal |  | Metal Cutting |  | Infrastructure |  | Total Kennametal
Americas | 46% |  | 57% |  | 50% |  | 45% |  | 56% |  | 49%
Europe, the Middle East and Africa (EMEA) | 36 |  | 21 |  | 31 |  | 36 |  | 21 |  | 30
Asia Pacific | 18 |  | 22 |  | 19 |  | 19 |  | 23 |  | 21
The following table presents Kennametal's revenue disaggregated by end market:
| Three Months Ended
| September 30, 2025 |  | September 30, 2024
(in percentages) | Metal Cutting |  | Infrastructure |  | Total Kennametal |  | Metal Cutting |  | Infrastructure |  | Total Kennametal
General Engineering | 52% |  | 31% |  | 44% |  | 53% |  | 33% |  | 46%
Transportation | 26 |  | — |  | 16 |  | 27 |  | — |  | 16
Aerospace & Defense | 14 |  | 11 |  | 13 |  | 13 |  | 8 |  | 11
Energy | 8 |  | 21 |  | 13 |  | 7 |  | 23 |  | 13
Earthworks | — |  | 37 |  | 14 |  | — |  | 36 |  | 14

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