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Segment Data
 6 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
SEGMENT DATA SEGMENT DATA
We operate in two reportable segments consisting of Metal Cutting and Infrastructure. Our reportable operating segments have been determined in accordance with our internal management structure, which is organized based on operating activities, the manner in which we organize segments for allocating resources, 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, strategic initiatives, and certain other costs and report them in Corporate. Our reportable operating segments do not represent the aggregation of two or more operating segments.
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 applications. Metal 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:
Three Months Ended December 31,Six Months Ended December 31,
(in thousands)2025202420252024
Sales:
Metal Cutting$331,059 $297,786 $641,684 $594,686 
Infrastructure198,466 184,265 385,815 369,313 
Total sales$529,525 $482,051 $1,027,499 $963,999 
Cost of goods sold:
Metal Cutting$211,270 $195,358 $412,045 $382,864 
Infrastructure144,355 141,663 286,950 285,095 
Operating expense:
Metal Cutting$88,039 $84,324 $174,212 $168,895 
Infrastructure27,796 24,449 54,060 51,006 
Restructuring and other charges, net:
Metal Cutting$1,595 $1,138 $3,313 $1,759 
Infrastructure933 197 804 187 
Amortization of intangibles:
Metal Cutting$396 $380 $792 $759 
Infrastructure1,981 2,340 3,960 4,679 
Operating income:
Metal Cutting$29,758 $16,586 $51,322 $40,408 
Infrastructure23,402 15,612 40,042 28,347 
Total segment operating income53,160 32,198 91,364 68,755 
Unallocated corporate expenses(499)(531)(1,143)(1,062)
Total operating income$52,661 $31,667 $90,221 $67,693 
Interest expense6,089 6,180 12,275 12,493 
Other income, net(2,097)(1,477)(4,418)(3,136)
Income before income taxes$48,669 $26,964 $82,364 $58,336 
Depreciation and amortization:
Metal Cutting$23,762 $23,332 $48,210 $46,331 
Infrastructure10,606 10,679 21,203 21,237 
Total depreciation and amortization$34,368 $34,011 $69,413 $67,568 
Capital expenditures:
Metal Cutting$5,622 $12,145 $16,821 $28,425 
Infrastructure7,089 7,075 18,871 15,542 
Total capital expenditures$12,711 $19,220 $35,692 $43,967 
December 31, 2025December 31, 2024
Segment assets (3) :
Metal Cutting$1,386,239 $1,363,197 
Infrastructure748,730 679,169 
Corporate460,587 393,439 
Total assets$2,595,556 $2,435,805 
(3) 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.
The following table presents Kennametal's revenue disaggregated by geography:
Three Months Ended
December 31, 2025December 31, 2024
(in percentages)Metal CuttingInfrastructureTotal KennametalMetal CuttingInfrastructureTotal Kennametal
Americas46%57%50%44%56%49%
Europe, the Middle East and Africa (EMEA)352030362130
Asia Pacific192320202321
Six Months Ended
December 31, 2025December 31, 2024
(in percentages)Metal CuttingInfrastructureTotal KennametalMetal CuttingInfrastructureTotal Kennametal
Americas46%57%50%45%56%49%
EMEA362130362130
Asia Pacific182220192321
The following table presents Kennametal's revenue disaggregated by end market:
Three Months Ended
December 31, 2025December 31, 2024
(in percentages)Metal CuttingInfrastructureTotal KennametalMetal CuttingInfrastructureTotal Kennametal
General Engineering54%31%45%54%33%46%
Transportation25—1626—16
Aerospace & Defense14101313911
Energy7211272414
Earthworks—3814—3413

Six Months Ended
December 31, 2025December 31, 2024
(in percentages)Metal CuttingInfrastructureTotal KennametalMetal CuttingInfrastructureTotal Kennametal
General Engineering53%31%45%54%33%46%
Transportation25—1626—16
Aerospace & Defense14111313911
Energy8211272313
Earthworks—3714—3514