NYSE: KMT
KENNAMETAL INCCIK 0000055242 · SIC 3541 · Machine Tools, Metal Cutting Types
Large
Revenue $2.4B
Assets $3.2B
as of Sep 6, 2026
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8-K
Filed Aug 18, 2026
· Period ending Aug 14, 2026
Summary not yet generated.
10-K
Filed Aug 12, 2026
· Period ending Jun 30, 2026
Kennametal swings to $342.4M net income (+268%) on raw-material pricing timing, but inventory surge turns operating cash negative
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8-K
Filed Aug 5, 2026
· Period ending Aug 5, 2026
Summary not yet generated.
8-K
Filed Jul 31, 2026
· Period ending Jul 28, 2026
Summary not yet generated.
8-K
Filed Jul 28, 2026
· Period ending Jul 22, 2026
Summary not yet generated.
8-K
Filed Jun 30, 2026
· Period ending Jun 25, 2026
Summary not yet generated.
8-K
Filed Jun 2, 2026
· Period ending May 28, 2026
Summary not yet generated.
8-K
Filed May 28, 2026
· Period ending May 19, 2026
Summary not yet generated.
10-Q
Filed May 6, 2026
· Period ending Mar 31, 2026
Summary not yet generated.
10-Q
Filed Feb 4, 2026
· Period ending Dec 31, 2025
Summary not yet generated.
10-K
Filed Aug 12, 2025
· Period ending Jun 30, 2025
Summary not yet generated.
10-K
Filed Aug 12, 2024
· Period ending Jun 30, 2024
Summary not yet generated.
Latest financial statements
From 10-K filed Aug 12, 2026 (period ending Jun 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Consolidated Statements of Income
(in thousands, except per share data)
| Description | 2026 | 2025 | 2024 |
|---|---|---|---|
| Sales | 2,356,698 | 1,966,845 | 2,046,899 |
| Cost of goods sold | 1,386,742 | 1,368,775 | 1,419,806 |
| Gross profit | 969,956 | 598,070 | 627,093 |
| Operating expense | 478,993 | 430,835 | 433,161 |
| Restructuring and other charges, net (Note 16) | 8,909 | 11,813 | 12,152 |
| Loss on divestiture | — | 1,512 | — |
| Amortization of intangibles | 9,522 | 10,787 | 11,557 |
| Operating income | 472,532 | 143,123 | 170,223 |
| Interest expense | 28,561 | 24,930 | 26,472 |
| Other income, net | (17,358) | (13,811) | (699) |
| Income before income taxes | 461,329 | 132,004 | 144,450 |
| Provision for income taxes (Note 13) | 110,915 | 33,296 | 30,809 |
| Net income | 350,414 | 98,708 | 113,641 |
| Less: Net income attributable to noncontrolling interests | 8,025 | 5,583 | 4,318 |
| Net income attributable to Kennametal | 342,389 | 93,125 | 109,323 |
| PER SHARE DATA ATTRIBUTABLE TO KENNAMETAL SHAREHOLDERS | |||
| Basic earnings per share | 4.49 | 1.21 | 1.38 |
| Diluted earnings per share | 4.42 | 1.20 | 1.37 |
| Basic weighted average shares outstanding | 76,215 | 77,264 | 79,390 |
| Diluted weighted average shares outstanding | 77,424 | 77,894 | 79,965 |
Consolidated Balance Sheets
(in thousands, except per share data)
| Description | 2026 | 2025 |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | 95,791 | 140,540 |
| Accounts receivable, less allowance for doubtful accounts of $8,812 and $8,819 respectively | 408,438 | 295,401 |
| Inventories (Note 7) | 1,108,450 | 538,237 |
| Other current assets | 159,092 | 65,092 |
| Total current assets | 1,771,771 | 1,039,270 |
| Property, plant and equipment: | ||
| Land and buildings | 439,537 | 440,187 |
| Machinery and equipment | 2,014,787 | 2,058,497 |
| Less accumulated depreciation | (1,610,740) | (1,578,770) |
| Property, plant and equipment, net | 843,584 | 919,914 |
| Other assets: | ||
| Goodwill (Note 8) | 279,213 | 282,726 |
| Other intangible assets, less accumulated amortization of $181,878 and $175,501, respectively (Note 8) | 55,886 | 67,209 |
| Operating lease right-of-use assets (Note 9) | 45,803 | 45,221 |
| Deferred income taxes (Note 13) | 41,280 | 90,473 |
| Long-term prepaid pension benefit (Note 14) | 87,268 | 75,062 |
| Other | 41,947 | 25,537 |
| Total other assets | 551,397 | 586,228 |
| Total assets | 3,166,752 | 2,545,412 |
| LIABILITIES | ||
| Current liabilities: | ||
| Revolving and other lines of credit and notes payable (Note 12) | 32,170 | 977 |
| Current operating lease liabilities (Note 9) | 11,718 | 12,187 |
| Accounts payable | 369,841 | 195,929 |
| Accrued income taxes | 15,967 | 8,546 |
| Accrued vacation pay | 13,121 | 12,123 |
| Accrued payroll | 54,803 | 43,461 |
| Other current liabilities (Note 10) | 179,088 | 149,106 |
| Total current liabilities | 676,708 | 422,329 |
| Long-term debt, less current maturities (Note 11) | 685,280 | 596,788 |
| Operating lease liabilities (Note 9) | 34,538 | 33,408 |
| Deferred income taxes (Note 13) | 31,016 | 32,609 |
| Accrued postretirement benefits (Note 14) | 5,323 | 5,752 |
| Accrued pension benefits (Note 14) | 96,726 | 106,963 |
| Accrued income taxes | 2,578 | 1,936 |
| Other liabilities | 21,146 | 20,979 |
| Total liabilities | 1,553,315 | 1,220,764 |
| Commitments and contingencies (Note 20) | ||
| EQUITY | ||
| Kennametal Shareholders’ Equity: | ||
| Preferred stock, no par value; 5,000 shares authorized; none issued | — | — |
| Capital stock, $1.25 par value; 120,000 shares authorized; 76,213 and 76,012 shares issued, respectively | 95,267 | 95,015 |
| Additional paid-in capital | 390,310 | 373,902 |
| Retained earnings | 1,483,297 | 1,201,755 |
| Accumulated other comprehensive loss (Note 15) | (399,030) | (386,693) |
| Total Kennametal Shareholders’ Equity | 1,569,844 | 1,283,979 |
| Noncontrolling interests | 43,593 | 40,669 |
| Total equity | 1,613,437 | 1,324,648 |
| Total liabilities and equity | 3,166,752 | 2,545,412 |
Consolidated Statements of Cash Flows
(in thousands)
| Description | 2026 | 2025 | 2024 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net income | 350,414 | 98,708 | 113,641 |
| Adjustments to reconcile to cash from operations: | |||
| Depreciation | 133,633 | 125,709 | 123,130 |
| Amortization | 9,522 | 10,787 | 11,557 |
| Stock-based compensation expense | 34,851 | 22,115 | 24,340 |
| Restructuring and other charges, net | 8,909 | 11,813 | 12,152 |
| Deferred income taxes | 44,686 | (13,084) | (8,017) |
| Gain on insurance recoveries | (3,400) | (12,100) | — |
| Loss on divestiture | — | 1,512 | — |
| Debt refinancing charge (Note 11) | 1,261 | — | — |
| Other | 10,648 | 2,048 | 1,405 |
| Changes in certain assets and liabilities: | |||
| Accounts receivable | (116,866) | 9,068 | (2,624) |
| Inventories | (593,396) | (17,396) | 36,835 |
| Other current assets | (102,093) | 2,002 | (2,702) |
| Accounts payable and accrued liabilities | 226,097 | (6,157) | (6,086) |
| Accrued income taxes | 11,006 | (12,267) | (16,219) |
| Accrued pension and postretirement benefits | (7,051) | (7,393) | (9,481) |
| Other | (12,229) | (7,041) | (823) |
| Net cash flow (used for) provided by operating activities | (4,008) | 208,324 | 277,108 |
| INVESTING ACTIVITIES | |||
| Purchases of property, plant and equipment | (76,905) | (88,971) | (107,561) |
| Disposals of property, plant and equipment | 1,775 | 1,841 | 5,425 |
| Proceeds from divestiture | — | 18,689 | — |
| Proceeds from insurance recoveries | 3,400 | 11,793 | — |
| Business acquisitions | — | — | (4,010) |
| Other | 435 | (5,177) | (3,280) |
| Net cash flow used for investing activities | (71,295) | (61,825) | (109,426) |
| FINANCING ACTIVITIES | |||
| Net increase (decrease) in notes payable | 11,293 | (459) | 714 |
| Net increase in revolving and other lines of credit | 20,000 | — | — |
| Term debt borrowings | 296,994 | — | — |
| Term debt repayments | (209,387) | — | — |
| Purchase of capital stock | (10,106) | (60,120) | (65,574) |
| The effect of employee benefit and stock plans and dividend reinvestment | (8,086) | (7,059) | (9,982) |
| Cash dividends paid to Shareholders | (60,847) | (61,852) | (63,431) |
| Other | (8,227) | (4,429) | (3,474) |
| Net cash flow provided by (used for) financing activities | 31,634 | (133,919) | (141,747) |
| Effect of exchange rate changes on cash and cash equivalents | (1,080) | (11) | (3,985) |
| CASH AND CASH EQUIVALENTS | |||
| Net (decrease) increase in cash and cash equivalents | (44,749) | 12,569 | 21,950 |
| Cash and cash equivalents, beginning of year | 140,540 | 127,971 | 106,021 |
| Cash and cash equivalents, end of year | 95,791 | 140,540 | 127,971 |
Amounts as printed on the EDGAR/iXBRL face — (in thousands, except per share data); (in thousands). Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗