Segment Data

6 Months Ended

Dec. 31, 2019

Our reportable operating segments have been determined in accordance with the our internal management structure, which is organized based on operating activities, the manner in which we organize segments for 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 and strategic initiatives, as well as certain other costs and report them in Corporate. None of our reportable operating segments represent the aggregation of two or more operating segments.

INDUSTRIAL The Industrial segment develops and manufactures high performance tooling and metalworking products and services for diverse end markets, including aerospace and defense, general engineering, energy and transportation. These 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. Industrial goes to market under the Kennametal^® brand 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.

WIDIA Widia offers an assortment of standard and custom metal cutting solutions to general engineering, aerospace, energy and transportation customers. We serve our customers primarily through a network of value-added resellers, integrated supplier channels and via the internet. Widia markets its products under the WIDIA^®, WIDIA Hanita^® and WIDIA GTD^® brands.

INFRASTRUCTURE Our Infrastructure segment produces engineered tungsten carbide and ceramic components, earth-cutting tools, and advanced metallurgical powders, primarily for the 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; and ceramics used by the packaging industry for metallization of films and papers. We combine deep metallurgical and engineering expertise with advanced manufacturing capabilities 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.

Our sales and operating (loss) income by segment are as follows:



	Three Months Ended December 31,						Six Months Ended December 31,
(in thousands)	2019			2018			2019			2018
Sales:
Industrial	$	279,242		$	317,320		$	559,270		$	637,878
Widia	44,337			48,954			88,394			97,626
Infrastructure	181,501			221,120			375,504			438,576
Total sales	$	505,080		$	587,394		$	1,023,168		$	1,174,080
Operating (loss) income:
Industrial	$	(19,259	)	$	57,519		$	2,012		$	116,061
Widia	(15,918		)	1,728			(17,882		)	3,822
Infrastructure	(11,570		)	20,614			(14,260		)	44,474
Corporate	(891		)	(1,003		)	(1,131		)	(2,347		)
Total operating (loss) income	(47,638		)	78,858			(31,261		)	162,010
Interest expense	8,055			8,104			15,936			16,201
Other income, net	(4,211		)	(4,022		)	(6,891		)	(6,782		)
(Loss) income from continuing operations before income taxes	$	(51,482	)	$	74,776		$	(40,306	)	$	152,591

The following table presents Kennametal's revenue disaggregated by geography:



	Three Months Ended
	December 31, 2019				December 31, 2018
(in thousands)	Industrial	Widia	Infrastructure	Total Kennametal	Industrial	Widia	Infrastructure	Total Kennametal
Americas	41%	47%	61%	48%	40%	45%	66%	50%
EMEA	38	26	17	30	41	26	15	30
Asia Pacific	21	27	22	22	19	29	19	20



	Six Months Ended
	December 31, 2019				December 31, 2018
(in thousands)	Industrial	Widia	Infrastructure	Total Kennametal	Industrial	Widia	Infrastructure	Total Kennametal
Americas	41%	48%	62%	49%	40%	45%	66%	50%
EMEA	38	26	18	30	40	25	15	29
Asia Pacific	21	26	20	21	20	30	19	21

The following tables presents Kennametal's revenue disaggregated by end market:



	Three Months Ended December 31, 2019
(in thousands)	Industrial	Widia	Infrastructure	Total Kennametal
General engineering	45%	100%	34%	46%
Transportation	32	—	—	18
Aerospace	14	—	—	8
Energy	9	—	29	15
Earthworks	—	—	37	13



	Three Months Ended December 31, 2018
(in thousands)	Industrial	Widia	Infrastructure	Total Kennametal
General engineering	44%	100%	32%	44%
Transportation	34	—	—	18
Aerospace	13	—	—	7
Energy	9	—	36	19
Earthworks	—	—	32	12



	Six Months Ended December 31, 2019
(in thousands)	Industrial	Widia	Infrastructure	Total Kennametal
General engineering	44%	100%	34%	45%
Transportation	33	—	—	18
Aerospace	14	—	—	8
Energy	9	—	29	15
Earthworks	—	—	37	14



	Six Months Ended December 31, 2018
(in thousands)	Industrial	Widia	Infrastructure	Total Kennametal
General engineering	44%	100%	32%	44%
Transportation	34	—	—	19
Aerospace	13	—	—	7
Energy	9	—	35	18
Earthworks	—	—	33	12