Acquisition

9 Months Ended

Mar. 31, 2015

Business Combinations [Abstract]

ACQUISITION

ACQUISITION

On November 4, 2013, the Company completed its transaction to acquire the Tungsten Materials Business (TMB) from Allegheny Technologies Incorporated for a purchase price of $607.0 million, net of cash acquired.

The accompanying condensed consolidated balance sheet as of March 31, 2015 reflects the final allocation of the purchase price. No material adjustments have been made to the allocation in conjunction with the finalization, which was completed in the December quarter.

Unaudited Pro Forma Financial Information

The following unaudited pro forma summary of operating results presents the consolidated results of operations assuming the TMB acquisition had occurred on July 1, 2012. These amounts were calculated after applying our accounting policies and adjusting TMB’s results to reflect increased depreciation and amortization expense resulting from recording fixed assets and intangible assets at fair value, as well as increased cost of sales resulting from recording inventory at fair value. The pro forma results have been presented for comparative purposes only, include no expected sales or cost synergies and are not indicative of future results of operations or what would have occurred had the acquisition been made on July 1, 2012.

Unaudited pro forma summary of operating results of Kennametal, assuming the acquisition had occurred as of July 1, 2012, are as follows:

Nine months ended March 31 (in thousands, except per share data)	2014
Pro forma (unaudited):
Net Sales	$	2,206,920
Net income attributable to Kennametal	$	151,985
Per share data attributable to Kennametal:
Basic earnings per share	$	1.93
Diluted earnings per share	$	1.91