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Segment Data | 3 Months Ended
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Sep. 30, 2025
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) | 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. 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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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name 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