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Segment Data
12 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
SEGMENT DATA SEGMENT DATAThe Company manages and reports its business in the following two segments: Metal Cutting and Infrastructure. The Company's reportable operating segments have been determined in accordance with the Company's 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, the Company’s Board of Directors and strategic initiatives, as well as certain other costs and report them in Corporate. Our reportable operating segments do not represent the aggregation of two or more operating segments.
Sales to a single customer did not aggregate to five percent or more of total sales in 2022, 2021 and 2020.
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, 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 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, 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: 
(in thousands)202220212020
Sales:
Metal Cutting$1,227,273 $1,150,746 $1,178,053 
Infrastructure785,183 690,695 707,252 
Total sales$2,012,456 $1,841,441 $1,885,305 
Operating income:
Metal Cutting$121,386 $45,855 $985 
Infrastructure98,871 59,461 23,113 
Corporate(2,117)(3,148)(1,846)
Total operating income$218,140 $102,168 $22,252 
Interest expense$25,914 $46,375 $35,154 
Other income, net(14,507)(8,867)(14,862)
Income before income taxes$206,733 $64,660 $1,960 
Depreciation and amortization:
Metal Cutting$87,986 $81,796 $74,664 
Infrastructure43,691 44,661 45,176 
Corporate31 20 
Total depreciation and amortization$131,678 $126,488 $119,860 
Segment assets(4):
Metal Cutting$1,469,835 $1,532,177 $1,452,131 
Infrastructure768,226 698,766 748,424 
Corporate335,463 434,818 837,036 
Total assets$2,573,524 $2,665,761 $3,037,591 
Capital expenditures:
Metal Cutting$64,055 $103,812 $195,167 
Infrastructure32,869 23,490 48,984 
Total capital expenditures$96,924 $127,302 $244,151 
(4) 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.
Geographic information for sales, based on country where the sale originated, and long-lived assets is as follows:
(in thousands)202220212020
Sales:
   United States$797,768 $692,106 $778,054 
   Germany262,764 260,792 248,796 
   China234,997 242,815 214,364 
   Canada94,956 79,891 90,247 
   India108,695 94,966 81,366 
   Italy67,930 59,955 52,699 
   France47,218 45,356 45,817 
   United Kingdom30,686 28,464 33,305 
   Other(5)
367,442 337,096 340,657 
Total sales$2,012,456 $1,841,441 $1,885,305 
Total long-lived assets:
   United States$585,003 $611,724 $607,222 
   Germany195,325 218,250 210,674 
   China92,315 97,404 92,658 
   India45,146 19,144 20,508 
   Israel26,864 44,504 44,673 
   Canada18,478 21,790 22,249 
   Other (5)
38,910 42,319 40,287 
Total long-lived assets(6)
$1,002,041 $1,055,135 $1,038,271 
(5) Other does not contain any country that individually exceeds 2 percent of total sales or total long-lived assets, respectively.
(6) Total long-lived assets as of June 30, 2022, 2021 and 2020 include property, plant, and equipment, net.
The following table presents Kennametal's revenue disaggregated by segment by geography:
Metal CuttingInfrastructureTotal Kennametal
202220212020202220212020202220212020
Americas41 %38 %42 %59 %57 %62 %48 %45 %49 %
EMEA37 39 37 18 19 18 30 31 30 
Asia Pacific22 23 21 23 24 20 22 24 21 
The following table presents Kennametal's revenue disaggregated by segment by end market:
Metal CuttingInfrastructureTotal Kennametal
202220212020202220212020202220212020
General Engineering56 %54 %53 %34 %35 %34 %47 %47 %46 %
Transportation27 30 27 — — — 17 19 17 
Aerospace12 — — — 
Energy29 26 28 16 15 16 
Earthworks— — — 37 39 38 14 14 14