Equity (Tables)

6 Months Ended

Dec. 31, 2024

Equity [Abstract]

Summary of the changes in the carrying amounts of total equity, Kennametal shareholders' equity and equity attributable to noncontrolling interests

EQUITY

A summary of the changes in the carrying amounts of total equity, Kennametal Shareholders’ equity and equity attributable to noncontrolling interests for the three months ended December 31, 2024 and 2023 is as follows:

	Kennametal Shareholders’ Equity
(in thousands, except per share amounts)	Capital stock		Additional paid-in capital		Retained earnings		Accumulated other comprehensive loss		Non-controlling interests		Total equity
Balance as of September 30, 2024	$	97,145	$	403,975	$	1,177,023	$	(400,970)	$	40,790	$	1,317,963
Net income	—		—		17,928		—		1,109		19,037
Other comprehensive loss	—		—		—		(49,490)		(1,778)		(51,268)
Dividend reinvestment	2		40		—		—		—		42
Capital stock issued under employee benefit and stock plans(3)	172		4,753		—		—		—		4,925
Purchase of capital stock	(658)		(14,374)		—		—		—		(15,032)
Cash dividends ($0.20 per share)	—		—		(15,566)		—		—		(15,566)
Total equity, December 31, 2024	$	96,661	$	394,394	$	1,179,385	$	(450,460)	$	40,121	$	1,260,101

	Kennametal Shareholders’ Equity
(in thousands, except per share amounts)	Capital stock		Additional paid-in capital		Retained earnings		Accumulated other comprehensive loss		Non-controlling interests		Total equity
Balance as of September 30, 2023	$	99,773	$	453,385	$	1,138,712	$	(431,512)	$	38,393	$	1,298,751
Net income	—		—		23,108		—		1,220		24,328
Other comprehensive income	—		—		—		30,191		668		30,859
Dividend reinvestment	2		43		—		—		—		45
Capital stock issued under employee benefit and stock plans(3)	80		4,979		—		—		—		5,059
Purchase of capital stock	(784)		(14,245)		—		—		—		(15,029)
Cash dividends ($0.20 per share)	—		—		(15,909)		—		—		(15,909)
Total equity, December 31, 2023	$	99,071	$	444,162	$	1,145,911	$	(401,321)	$	40,281	$	1,328,104

A summary of the changes in the carrying amounts of total equity, Kennametal Shareholders’ equity and equity attributable to noncontrolling interests for the six months ended December 31, 2024 and 2023 is as follows:

	Kennametal Shareholders’ Equity
(in thousands, except per share amounts)	Capital stock		Additional paid-in capital		Retained earnings		Accumulated other comprehensive loss		Non-controlling interests		Total equity
Balance as of June 30, 2024	$	97,361	$	416,620	$	1,170,482	$	(434,588)	$	38,724	$	1,288,599
Net income	—		—		40,051		—		2,452		42,503
Other comprehensive loss	—		—		—		(15,872)		(1,055)		(16,927)
Dividend reinvestment	4		81		—		—		—		85
Capital stock issued under employee benefit and stock plans(3)	705		6,346		—		—		—		7,051
Purchase of capital stock	(1,409)		(28,653)		—		—		—		(30,062)
Cash dividends ($0.40 per share)	—		—		(31,148)		—		—		(31,148)
Total equity, December 31, 2024	$	96,661	$	394,394	$	1,179,385	$	(450,460)	$	40,121	$	1,260,101

	Kennametal Shareholders’ Equity
(in thousands, except per share amounts)	Capital stock		Additional paid-in capital		Retained earnings		Accumulated other comprehensive loss		Non-controlling interests		Total equity
Balance as of June 30, 2023	$	99,794	$	465,406	$	1,124,590	$	(414,343)	$	38,721	$	1,314,168
Net income	—		—		53,165		—		1,532		54,697
Other comprehensive income	—		—		—		13,022		28		13,050
Dividend reinvestment	5		85		—		—		—		90
Capital stock issued under employee benefit and stock plans(3)	689		6,008		—		—		—		6,697
Purchase of capital stock	(1,417)		(27,337)		—		—		—		(28,754)
Cash dividends ($0.40 per share)	—		—		(31,844)		—		—		(31,844)
Total equity, December 31, 2023	$	99,071	$	444,162	$	1,145,911	$	(401,321)	$	40,281	$	1,328,104

(3) Net of restricted stock units delivered upon vesting to satisfy tax withholding requirements.

The amounts of comprehensive (loss) income attributable to Kennametal Shareholders and noncontrolling interests are disclosed in the condensed consolidated statements of comprehensive (loss) income.