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Segment Data
3 Months Ended
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 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 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)20252024
Sales:
Metal Cutting$310,625 $296,900 
Infrastructure187,349 185,048 
Total sales$497,974 $481,948 
Cost of goods sold:
Metal Cutting$200,775 $187,506 
Infrastructure142,595 143,427 
Operating expense:
Metal Cutting$86,173 $84,571 
Infrastructure26,264 26,557 
Restructuring and other charges, net:
Metal Cutting$1,718 $621 
Infrastructure(129)(10)
Amortization of intangibles:
Metal Cutting$396 $380 
Infrastructure1,979 2,338 
Operating income:
Metal Cutting$21,564 $23,822 
Infrastructure16,639 12,734 
Total segment operating income38,203 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 
Infrastructure10,598 10,558 
Total depreciation and amortization$35,045 $33,557 
Segment assets(3):
Metal Cutting$1,394,560 $1,425,968 
Infrastructure701,801 695,288 
Corporate422,563 400,673 
Total assets$2,518,924 $2,521,929 
Capital expenditures:
Metal Cutting$11,615 $16,368 
Infrastructure11,367 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, 2025September 30, 2024
(in percentages)Metal CuttingInfrastructureTotal KennametalMetal CuttingInfrastructureTotal Kennametal
Americas46%57%50%45%56%49%
Europe, the Middle East and Africa (EMEA)362131362130
Asia Pacific182219192321
The following table presents Kennametal's revenue disaggregated by end market:
Three Months Ended
September 30, 2025September 30, 2024
(in percentages)Metal CuttingInfrastructureTotal KennametalMetal CuttingInfrastructureTotal Kennametal
General Engineering52%31%44%53%33%46%
Transportation26162716
Aerospace & Defense14111313811
Energy8211372313
Earthworks37143614