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Segment Data
12 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
SEGMENT DATA SEGMENT DATA
The 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 more than five percent of total sales in 2024, 2023 and 2022.
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: 
(in thousands)202420232022
Sales:
Metal Cutting$1,280,781 $1,269,765 $1,227,273 
Infrastructure766,118 808,419 785,183 
Total sales$2,046,899 $2,078,184 $2,012,456 
Operating income:
Metal Cutting$132,573 $135,763 $121,386 
Infrastructure39,857 59,757 98,871 
Corporate(2,207)(3,103)(2,117)
Total operating income$170,223 $192,417 $218,140 
Interest expense$26,472 $28,496 $25,914 
Other (income) expense, net(699)4,300 (14,507)
Income before income taxes$144,450 $159,621 $206,733 
Depreciation and amortization:
Metal Cutting$90,917 $90,880 $87,986 
Infrastructure43,770 43,144 43,691 
Corporate— 
Total depreciation and amortization$134,687 $134,025 $131,678 
Segment assets(4):
Metal Cutting$1,416,884 $1,460,757 $1,469,835 
Infrastructure690,374 734,944 768,226 
Corporate396,500 351,533 335,463 
Total assets$2,503,758 $2,547,234 $2,573,524 
Capital expenditures:
Metal Cutting$71,148 $58,384 $64,055 
Infrastructure36,413 36,001 32,869 
Total capital expenditures$107,561 $94,385 $96,924 
(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)202420232022
Sales:
   United States$824,275 $848,713 $797,768 
   Germany278,824 270,936 262,764 
   China199,069 220,193 234,997 
   India115,397 112,819 108,695 
   Canada102,666 103,323 94,956 
   Italy68,575 68,249 67,930 
   France55,670 51,178 47,218 
   South Africa42,609 42,775 42,402 
   Mexico 44,408 42,367 35,099 
   Brazil30,224 32,946 26,147 
   Spain32,262 31,064 29,756 
   United Kingdom32,013 29,943 30,686 
   Other(5)
220,907 223,678 234,038 
Total sales$2,046,899 $2,078,184 $2,012,456 
Total long-lived assets:
   United States$516,659 $552,770 $585,003 
   Germany219,633 204,551 195,325 
   China77,759 81,731 92,315 
   India41,886 44,748 45,146 
   Israel22,018 24,662 26,864 
   Canada18,927 18,934 18,478 
   Other (5)
41,181 41,672 38,910 
Total long-lived assets(6)
$938,063 $969,068 $1,002,041 
(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, 2024, 2023 and 2022 include property, plant, and equipment, net.
The following table presents Kennametal's revenue disaggregated by segment by geography:
Metal CuttingInfrastructureTotal Kennametal
202420232022202420232022202420232022
Americas45 %44 %41 %58 %60 %59 %49 %50 %48 %
EMEA37 36 37 20 18 18 31 29 30 
Asia Pacific18 20 22 22 22 23 20 21 22 
The following table presents Kennametal's revenue disaggregated by segment by end market:
Metal CuttingInfrastructureTotal Kennametal
202420232022202420232022202420232022
General Engineering54 %55 %55 %34 %34 %34 %46 %47 %47 %
Transportation27 27 27 — — — 17 16 17 
Aerospace & Defense12 11 10 11 
Energy22 24 22 13 14 13 
Earthworks— — — 36 36 37 13 14 14