Accumulated Other Comprehensive Loss

6 Months Ended

Dec. 31, 2025

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

The components of, and changes in, accumulated other comprehensive loss (AOCL) were as follows, net of tax, for the six months ended December 31, 2025:


(in thousands)	Pension and other postretirement benefits		Currency translation adjustment		Derivatives		Total
Attributable to Kennametal:
Balance, June 30, 2025	$	(223,016)	$	(165,859)	$	2,182	$	(386,693)
Other comprehensive income (loss) before reclassifications	511		426		(194)		743
Amounts reclassified from AOCL	4,524		—		(188)		4,336
Net other comprehensive income (loss)	5,035		426		(382)		5,079
AOCL, December 31, 2025	$	(217,981)	$	(165,433)	$	1,800	$	(381,614)

Attributable to noncontrolling interests:
Balance, June 30, 2025	$	—	$	(7,844)	$	—	$	(7,844)
Other comprehensive loss before reclassifications	—		(695)		—		(695)
Net other comprehensive loss	—		(695)		—		(695)
AOCL, December 31, 2025	$	—	$	(8,539)	$	—	$	(8,539)

The components of, and changes in, AOCL were as follows, net of tax, for the six months ended December 31, 2024:


(in thousands)	Pension and other postretirement benefits		Currency translation adjustment		Derivatives		Total
Attributable to Kennametal:
Balance, June 30, 2024	$	(221,308)	$	(216,263)	$	2,983	$	(434,588)
Other comprehensive income (loss) before reclassifications	616		(20,905)		1,085		(19,204)
Amounts reclassified from AOCL	3,724		—		(392)		3,332
Net other comprehensive income (loss)	4,340		(20,905)		693		(15,872)
AOCL, December 31, 2024	$	(216,968)	$	(237,168)	$	3,676	$	(450,460)

Attributable to noncontrolling interests:
Balance, June 30, 2024	$	—	$	(8,680)	$	—	$	(8,680)
Other comprehensive loss before reclassifications	—		(1,055)		—		(1,055)
Net other comprehensive loss	—		(1,055)		—		(1,055)
AOCL, December 31, 2024	$	—	$	(9,735)	$	—	$	(9,735)

Reclassifications out of AOCL for the three and six months ended December 31, 2025 and 2024 consisted of the following:


	Three Months Ended December 31,				Six Months Ended December 31,
(in thousands)	2025		2024		2025		2024		Affected line item in the Income Statement
Gains on cash flow hedges:
Forward starting interest rate swaps	$	(255)	$	(255)	$	(511)	$	(511)	Interest expense
Currency exchange contracts	226		31		262		(8)		Cost of goods sold
Total before tax	(29)		(224)		(249)		(519)
Tax impact	7		55		61		127		Provision for income taxes
Net of tax	$	(22)	$	(169)	$	(188)	$	(392)

Pension and other postretirement benefits:

Amortization of prior service credit	$	(67)	$	(65)	$	(135)	$	(132)	Other income, net
Recognition of actuarial losses	2,947		2,141		5,902		4,280		Other income, net
Settlement	—		—		—		836		Other income, net
Total before tax	2,880		2,076		5,767		4,984
Tax impact	(708)		(537)		(1,243)		(1,260)		Provision for income taxes
Net of tax	$	2,172	$	1,539	$	4,524	$	3,724

The amount of income tax allocated to each component of other comprehensive income (loss) for the three months ended December 31, 2025 and 2024 were as follows:


			2025						2024
(in thousands)	Pre-tax		Tax impact		Net of tax		Pre-tax		Tax impact		Net of tax
Unrealized (loss) gain on derivatives designated and qualified as cash flow hedges	$	(246)	$	60	$	(186)	$	1,548	$	(379)	$	1,169
Reclassification of unrealized gain on derivatives designated and qualified as cash flow hedges	(29)		7		(22)		(224)		55		(169)
Unrecognized net pension and other postretirement benefit plans (loss) gain	(178)		44		(134)		4,313		(1,122)		3,191
Reclassification of net pension and other postretirement benefit plans loss	2,880		(708)		2,172		2,076		(537)		1,539
Foreign currency translation adjustments	2,984		—		2,984		(56,998)		—		(56,998)

Other comprehensive income (loss)	$	5,411	$	(597)	$	4,814	$	(49,285)	$	(1,983)	$	(51,268)

The amount of income tax allocated to each component of other comprehensive (loss) income for the six months ended December 31, 2025 and 2024 were as follows:


			2025						2024
(in thousands)	Pre-tax		Tax impact		Net of tax		Pre-tax		Tax impact		Net of tax
Unrealized (loss) gain on derivatives designated and qualified as cash flow hedges	$	(257)	$	63	$	(194)	$	1,437	$	(352)	$	1,085
Reclassification of unrealized gain on derivatives designated and qualified as cash flow hedges	(249)		61		(188)		(519)		127		(392)
Unrecognized net pension and other postretirement benefit plans gain	681		(170)		511		844		(228)		616
Reclassification of net pension and other postretirement benefit plans loss	5,767		(1,243)		4,524		4,984		(1,260)		3,724
Foreign currency translation adjustments	(269)		—		(269)		(21,960)		—		(21,960)

Other comprehensive income (loss)	$	5,673	$	(1,289)	$	4,384	$	(15,214)	$	(1,713)	$	(16,927)