v3.25.4
Segment Data (Tables)
6 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Schedule of segment data
Segment data is summarized as follows:
Three Months Ended December 31,Six Months Ended December 31,
(in thousands)2025202420252024
Sales:
Metal Cutting$331,059 $297,786 $641,684 $594,686 
Infrastructure198,466 184,265 385,815 369,313 
Total sales$529,525 $482,051 $1,027,499 $963,999 
Cost of goods sold:
Metal Cutting$211,270 $195,358 $412,045 $382,864 
Infrastructure144,355 141,663 286,950 285,095 
Operating expense:
Metal Cutting$88,039 $84,324 $174,212 $168,895 
Infrastructure27,796 24,449 54,060 51,006 
Restructuring and other charges, net:
Metal Cutting$1,595 $1,138 $3,313 $1,759 
Infrastructure933 197 804 187 
Amortization of intangibles:
Metal Cutting$396 $380 $792 $759 
Infrastructure1,981 2,340 3,960 4,679 
Operating income:
Metal Cutting$29,758 $16,586 $51,322 $40,408 
Infrastructure23,402 15,612 40,042 28,347 
Total segment operating income53,160 32,198 91,364 68,755 
Unallocated corporate expenses(499)(531)(1,143)(1,062)
Total operating income$52,661 $31,667 $90,221 $67,693 
Interest expense6,089 6,180 12,275 12,493 
Other income, net(2,097)(1,477)(4,418)(3,136)
Income before income taxes$48,669 $26,964 $82,364 $58,336 
Depreciation and amortization:
Metal Cutting$23,762 $23,332 $48,210 $46,331 
Infrastructure10,606 10,679 21,203 21,237 
Total depreciation and amortization$34,368 $34,011 $69,413 $67,568 
Capital expenditures:
Metal Cutting$5,622 $12,145 $16,821 $28,425 
Infrastructure7,089 7,075 18,871 15,542 
Total capital expenditures$12,711 $19,220 $35,692 $43,967 
December 31, 2025December 31, 2024
Segment assets (3) :
Metal Cutting$1,386,239 $1,363,197 
Infrastructure748,730 679,169 
Corporate460,587 393,439 
Total assets$2,595,556 $2,435,805 
(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
December 31, 2025December 31, 2024
(in percentages)Metal CuttingInfrastructureTotal KennametalMetal CuttingInfrastructureTotal Kennametal
Americas46%57%50%44%56%49%
Europe, the Middle East and Africa (EMEA)352030362130
Asia Pacific192320202321
Six Months Ended
December 31, 2025December 31, 2024
(in percentages)Metal CuttingInfrastructureTotal KennametalMetal CuttingInfrastructureTotal Kennametal
Americas46%57%50%45%56%49%
EMEA362130362130
Asia Pacific182220192321
The following table presents Kennametal's revenue disaggregated by end market:
Three Months Ended
December 31, 2025December 31, 2024
(in percentages)Metal CuttingInfrastructureTotal KennametalMetal CuttingInfrastructureTotal Kennametal
General Engineering54%31%45%54%33%46%
Transportation25162616
Aerospace & Defense14101313911
Energy7211272414
Earthworks38143413

Six Months Ended
December 31, 2025December 31, 2024
(in percentages)Metal CuttingInfrastructureTotal KennametalMetal CuttingInfrastructureTotal Kennametal
General Engineering53%31%45%54%33%46%
Transportation25162616
Aerospace & Defense14111313911
Energy8211272313
Earthworks37143514