Form 8-K

8-K — KENNAMETAL INC

Accession: 0001628280-26-052896

Filed: 2026-08-05

Period: 2026-08-05

CIK: 0000055242

SIC: 3541 (MACHINE TOOLS, METAL CUTTING TYPES)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — kmt-20260805.htm (Primary)

EX-99.1 (kmt6302026exhibit991.htm)

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XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: kmt-20260805.htm · Sequence: 1

kmt-20260805

0000055242falsetrue00000552422026-08-052026-08-050000055242exch:XNYSkmt:CapitalStockParValue1.25PerShareMember2026-08-052026-08-050000055242exch:XNYSkmt:PreferredStockPurchaseRightsMember2026-08-052026-08-05

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): August 5, 2026

Kennametal Inc.

(Exact Name of Registrant as Specified in Its Charter)

Pennsylvania 1-5318 25-0900168

(State or Other Jurisdiction of Incorporation)

(Commission File Number) (IRS Employer Identification No.)

525 William Penn Place

Suite 3300

Pittsburgh, Pennsylvania 15219

(Address of Principal Executive Offices) (Zip Code)

Registrant’s telephone number, including area code: (412) 248-8000

(Former name, former address and former fiscal year, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol Name of each exchange on which registered

Capital Stock, par value $1.25 per share KMT New York Stock Exchange

Preferred Stock Purchase Rights New York Stock Exchange

Item 2.02 Results of Operations and Financial Condition.

On August 5, 2026, Kennametal Inc. (Kennametal or the Company) issued an earnings announcement for its fiscal fourth quarter and fiscal year ended June 30, 2026. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated by reference into this Item 2.02.

The earnings announcement issued on August 5, 2026 is being furnished as Exhibit 99.1 to this Current Report on Form 8-K and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to liability of that section unless the Company specifically incorporates it by reference in a document filed under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

99.1 Fiscal 2026 Fourth Quarter and Full Year Earnings Announcement

104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

KENNAMETAL INC.

Date: August 5, 2026 By: /s/ John W. Witt

John W. Witt

Vice President Finance and Corporate Controller

EX-99.1

Filename: kmt6302026exhibit991.htm · Sequence: 2

Document

Exhibit 99.1

FOR IMMEDIATE RELEASE:

DATE: August 5, 2026

Investor Relations Media Relations

CONTACT: Michael Pici CONTACT: Lori Lecker

PHONE: 412-790-0792 PHONE: 412-248-8224

michael.pici@kennametal.com lori.lecker@kennametal.com

Kennametal Reports Fiscal 2026 and Fourth Quarter Results

•Q4 sales of $737 million increased 43 percent and 42 percent on a reported and organic basis, respectively

•Q4 earnings per diluted share (EPS) of $2.91 and record adjusted EPS of $2.96

•FY26 EPS of $4.42 and record adjusted EPS of $4.57

•Company provides FY27 Q1 and annual Outlook

PITTSBURGH, (August 5, 2026) – Kennametal Inc. (NYSE: KMT) (the "Company") today announced fourth quarter and fiscal 2026 results.

“Our team delivered strong fiscal 2026 results, reflecting volume from improving market conditions and our strategic growth initiatives,” said Sanjay Chowbey, President and CEO. “We achieved record adjusted EPS this quarter through decisive pricing actions in an unprecedented tungsten environment, volume growth and cost improvement efforts.”

He continued: “Looking ahead, we are encouraged by the volume trends we have seen across several end markets and expect those improving conditions, along with our strategic initiatives, to continue to drive sales growth throughout fiscal 2027. Recent wins in the Aerospace & Defense, Energy and Earthworks end markets showcase the ability of our team to take share in any market condition. I am confident that our commitment to above market growth and continuous improvement will unlock long-term value for shareholders.”

Fiscal 2026 Fourth Quarter Key Developments

Sales of $737 million increased 43 percent from $516 million in the prior year quarter, reflecting organic sales growth of 42 percent, a favorable foreign currency exchange effect of 1 percent and a favorable business days effect of 1 percent, partially offset by a divestiture effect of 1 percent.

Operating income was $303 million, or 41.1 percent margin, compared with $31 million, or 6.1 percent margin, in the prior year quarter. The increase in operating income was driven by the favorable timing of raw material-related pricing compared to costs of approximately $252 million, non-raw material-related pricing and tariff surcharges in Metal Cutting, higher sales and production volumes and incremental year-over-year restructuring savings of approximately $5 million. These factors were partially offset by higher compensation costs and tariffs and general inflation. Adjusted operating income was $306 million, or 41.5 percent margin, compared with $38 million, or 7.4 percent margin, in the prior year quarter.

Fiscal 2026 Key Developments

Sales of $2,357 million increased 20 percent from $1,967 million in the prior year, reflecting organic sales growth of 19 percent and a favorable foreign currency exchange effect of 2 percent, partially offset by a divestiture effect of 1 percent.

Operating income was $473 million, or 20.1 percent margin, compared with $143 million, or 7.3 percent margin, in the prior year. The increase in operating income was driven by the favorable timing of raw material-related pricing compared to raw material costs of approximately $316 million, non-raw material-related pricing and tariff surcharges in Metal Cutting, higher sales and production volumes and incremental year-over-year restructuring savings of approximately $27 million. These factors were partially offset by higher compensation costs, tariffs and general inflation, and fewer insurance proceeds received within Infrastructure in the current year. Adjusted operating income was $484 million, or 20.5 percent margin, compared with $158 million, or 8.0 percent margin, in the prior year.

Net cash flow from operating activities in fiscal 2026 was negative $4 million compared to positive $208 million in the prior year. The decline was driven primarily by working capital requirements, including increased inventory values resulting from unprecedented tungsten price increases, as well as advance payments made to certain suppliers to secure raw material supply. These working capital requirements were partially offset by higher net income during the year. Free operating cash flow (FOCF) was negative $79 million compared to positive $121 million in the prior year. The decrease in FOCF was driven primarily by the aforementioned working capital requirements, partially offset by higher net income and lower capital expenditures compared to the prior year.

Outlook

The Company’s expectations for the first quarter of fiscal 2027 and the full year are as follows:

Quarterly Outlook:

•Sales expected to be $745 - $775 million; foreign exchange anticipated to be neutral compared to the first quarter of fiscal 2026

•Adjusted EPS is expected to be $2.50 - $2.80

Annual Outlook:

•Sales expected to be $3.33 - $3.45 billion; foreign exchange anticipated to be neutral compared to the fiscal 2026

•Adjusted EPS is expected to be $4.15 - $5.15

•Free operating cash flow of approximately 20 percent of adjusted net income

•Capital spending expected to be approximately $85 million

The Company will provide more details regarding its fiscal 2027 assumptions during its quarterly earnings conference call.

Fiscal 2026 Fourth Quarter Segment Results

Metal Cutting sales of $398 million increased 24 percent from $321 million in the prior year quarter, reflecting organic sales growth of 22 percent, a favorable foreign currency exchange effect of 1 percent and a favorable business days effect of 1 percent. Operating income was $106 million, or 26.7 percent margin, compared to $21 million, or 6.6 percent margin, in the prior year quarter. The increase in operating income was driven by the favorable timing of raw material-related pricing compared to costs of approximately $54 million, non-raw material-related pricing and tariff surcharges, higher sales and production volumes and incremental year-over-year restructuring savings of approximately $4 million. These factors were partially offset by higher compensation costs and general inflation in the current quarter. Adjusted operating income was $108 million, or 27.3 percent margin, compared to $25 million, or 7.9 percent margin, in the prior year quarter.

Infrastructure sales of $339 million increased 73 percent from $196 million in the prior year quarter, reflecting organic sales growth of 74 percent, a favorable currency exchange effect of 1 percent and a favorable business days effect of 1 percent, partially offset by a divestiture effect of 3 percent. Operating income was $197 million, or 58.3 percent margin, compared to $11 million, or 5.5 percent margin, in the prior year quarter. The increase in operating income was driven by the favorable timing of raw material-related pricing compared to costs of approximately $198 million, partially offset by lower sales and production volumes, higher compensation costs and general inflation in the current quarter. Adjusted operating income was $198 million, or 58.4 percent margin, compared to $13 million, or 6.8 percent margin, in the prior year quarter.

Dividend Declared

Kennametal also announced that its Board of Directors declared a quarterly cash dividend of $0.20 per share. The dividend is payable on August 25, 2026 to shareholders of record as of the close of business on August 11, 2026.

Earnings Call and Webcast

The Company will discuss its fiscal 2026 fourth quarter and full year results in a live webcast at 9:30 a.m. Eastern Time, Wednesday, August 5, 2026. The conference call will be broadcast via real-time audio on Kennametal’s investor relations website at https://investors.kennametal.com/ - click “Event” (located in the blue Quarterly Earnings block).

This earnings release contains non-GAAP financial measures. Reconciliations and descriptions of all non-GAAP financial measures are set forth in the tables that follow.

Certain statements in this release may be forward-looking in nature, or “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are statements that do not relate strictly to historical or current facts. For example, statements about Kennametal’s outlook for sales, adjusted operating income, adjusted EPS, FOCF and capital expenditures for the first quarter and full year of fiscal 2027 and our expectations regarding future growth and financial performance are forward-looking statements. Any forward-looking statements are based on current knowledge, expectations and estimates that involve inherent risks and uncertainties. Should one or more of these risks or uncertainties materialize, or should the assumptions underlying the forward-looking statements prove incorrect, our actual results could vary materially from our current expectations. There are a number of factors that could cause our actual results to differ from those indicated in the forward-looking statements. They include: uncertainties related to changes in macroeconomic and/or global conditions, including as a result of increased inflation, tariffs, and Russia's invasion of Ukraine and the resulting sanctions on Russia; the conflicts in the Middle East; other economic recession; our ability to achieve all anticipated benefits of restructuring initiatives; Commercial Excellence growth initiatives, Operational Excellence initiatives, our foreign operations and international markets, such as currency exchange rates, different regulatory environments, trade barriers, exchange controls, and social and political instability, including the conflicts in Ukraine and the Middle East; changes in the regulatory environment in which we operate, including environmental, health and safety regulations; potential for future goodwill and other intangible asset impairment charges; our ability to protect and defend our intellectual property; continuity of information technology infrastructure; competition; our ability to retain our management and employees; demands on management resources; availability and cost of the raw materials we use to manufacture our products, including tungsten; product liability claims; integrating acquisitions and achieving the expected savings and synergies; global or regional catastrophic events; demand for and market acceptance of our products; business divestitures; energy costs; commodity prices; labor relations; and implementation of environmental remediation matters. Many of these risks and other risks are more fully described in Kennametal’s latest annual report on Form 10-K and its other periodic filings with the Securities and Exchange Commission. We can give no assurance that any goal or plan set forth in forward-looking statements can be achieved and readers are cautioned not to place undue reliance on such statements, which speak only as of the date made. We undertake no obligation to release publicly any revisions to forward-looking statements as a result of future events or developments.

About Kennametal

With over 85 years as an industrial technology leader, Kennametal Inc. delivers productivity to customers through materials science, tooling and wear-resistant solutions. Customers across aerospace and defense, earthworks, energy, general engineering and transportation turn to Kennametal to help them manufacture with precision and efficiency. Every day approximately 8,100 employees are helping customers in nearly 100 countries stay competitive. Kennametal generated $2.4 billion in revenues in fiscal 2026. Learn more at www.kennametal.com. Follow @Kennametal: Instagram, Facebook, LinkedIn and YouTube.

FINANCIAL HIGHLIGHTS

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)

Three Months Ended June 30, Twelve Months Ended June 30,

(in thousands, except per share amounts) 2026 2025 2026 2025

Sales $ 736,614 $ 516,448 $ 2,356,698 $ 1,966,845

Cost of goods sold 303,055 370,783 1,386,742 1,368,775

Gross profit 433,559 145,665 969,956 598,070

Operating expense 125,616 105,860 478,993 430,835

Restructuring and other charges, net 2,677 4,278 8,909 11,813

Loss on divestiture — 1,512 — 1,512

Amortization of intangibles 2,384 2,646 9,522 10,787

Operating income 302,882 31,369 472,532 143,123

Interest expense 10,023 6,225 28,561 24,930

Other income, net (6,393) (5,223) (17,358) (13,811)

Income before income taxes 299,252 30,367 461,329 132,004

Provision for income taxes 69,790 7,244 110,915 33,296

Net income 229,462 23,123 350,414 98,708

Less: Net income attributable to noncontrolling interests 2,485 1,531 8,025 5,583

Net income attributable to Kennametal $ 226,977 $ 21,592 $ 342,389 $ 93,125

PER SHARE DATA ATTRIBUTABLE TO KENNAMETAL SHAREHOLDERS

Basic earnings per share $ 2.98 $ 0.28 $ 4.49 $ 1.21

Diluted earnings per share $ 2.91 $ 0.28 $ 4.42 $ 1.20

Dividends per share $ 0.20 $ 0.20 $ 0.80 $ 0.80

Basic weighted average shares outstanding 76,274 76,209 76,215 77,264

Diluted weighted average shares outstanding 77,929 76,934 77,424 77,894

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)

(in thousands) June 30, 2026 June 30, 2025

ASSETS

Cash and cash equivalents $ 95,791 $ 140,540

Accounts receivable, net 408,438 295,401

Inventories 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, net 843,584 919,914

Goodwill and other intangible assets, net 335,099 349,935

Other assets 219,151 236,293

Total assets $ 3,169,605 $ 2,545,412

LIABILITIES

Revolving and other lines of credit and notes payable $ 32,170 $ 977

Accounts payable 369,841 195,929

Other current liabilities 274,697 225,423

Total current liabilities 676,708 422,329

Long-term debt 685,280 596,788

Other liabilities 194,180 201,647

Total liabilities 1,556,168 1,220,764

KENNAMETAL SHAREHOLDERS’ EQUITY 1,569,844 1,283,979

NONCONTROLLING INTERESTS 43,593 40,669

Total liabilities and equity $ 3,169,605 $ 2,545,412

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW (UNAUDITED)

Year ended June 30 (in thousands) 2026 2025

OPERATING ACTIVITIES

Net income $ 350,414 $ 98,708

Adjustments to reconcile to cash from operations:

Depreciation 133,633 125,709

Amortization 9,522 10,787

Stock-based compensation expense 34,851 22,115

Restructuring and other charges, net 8,909 11,813

Deferred income taxes 44,686 (13,084)

Gain on insurance recoveries (3,400) (12,100)

Loss on divestiture — 1,512

Debt refinancing charge 1,261 —

Other 10,648 2,048

Changes in certain assets and liabilities:

Accounts receivable (116,866) 9,068

Inventories (593,396) (17,396)

Other current assets (102,093) 2,002

Accounts payable and accrued liabilities 226,097 (6,157)

Accrued income taxes 11,006 (12,267)

Accrued pension and postretirement benefits (7,051) (7,393)

Other (12,229) (7,041)

Net cash flow (used for) provided by operating activities (4,008) 208,324

INVESTING ACTIVITIES

Purchases of property, plant and equipment (76,905) (88,971)

Disposals of property, plant and equipment 1,775 1,841

Proceeds from divestiture — 18,689

Proceeds from insurance recoveries 3,400 11,793

Other 435 (5,177)

Net cash flow used for investing activities (71,295) (61,825)

FINANCING ACTIVITIES

Net increase (decrease) in notes payable 11,293 (459)

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)

The effect of employee benefit and stock plans and dividend reinvestment (8,086) (7,059)

Cash dividends paid to Shareholders (60,847) (61,852)

Other (8,227) (4,429)

Net cash flow provided by (used for) financing activities 31,634 (133,919)

Effect of exchange rate changes on cash and cash equivalents (1,080) (11)

CASH AND CASH EQUIVALENTS

Net (decrease) increase in cash and cash equivalents (44,749) 12,569

Cash and cash equivalents, beginning of year 140,540 127,971

Cash and cash equivalents, end of year $ 95,791 $ 140,540

SEGMENT DATA (UNAUDITED) Three Months Ended June 30, Twelve Months Ended June 30,

(in thousands) 2026 2025 2026 2025

Outside Sales:

Metal Cutting $ 397,827 $ 320,652 $ 1,397,418 $ 1,219,686

Infrastructure 338,787 195,796 959,280 747,159

Total sales $ 736,614 $ 516,448 $ 2,356,698 $ 1,966,845

Sales By Geographic Region:

Americas $ 400,814 $ 254,263 $ 1,211,850 $ 967,608

EMEA 203,580 158,402 687,131 601,087

Asia Pacific 132,220 103,783 457,717 398,150

Total sales $ 736,614 $ 516,448 $ 2,356,698 $ 1,966,845

Operating Income:

Metal Cutting $ 106,159 $ 21,067 $ 195,605 $ 86,375

Infrastructure 197,381 10,696 279,893 58,465

Corporate (1)

(658) (394) (2,966) (1,717)

Total operating income $ 302,882 $ 31,369 $ 472,532 $ 143,123

(1) Represents unallocated corporate expenses.

NON-GAAP RECONCILIATIONS (UNAUDITED)

In addition to reported results under generally accepted accounting principles in the United States of America (GAAP), the following financial highlight tables include, where appropriate, a reconciliation of adjusted results including: operating income and margin; ETR; net income attributable to Kennametal; diluted EPS; Metal Cutting operating income and margin; Infrastructure operating income and margin; FOCF; and consolidated and segment organic sales growth (all of which are non-GAAP financial measures), to the most directly comparable GAAP financial measures. Adjustments for the three months ended June 30, 2026 include restructuring and related charges, loss on early extinguishment of debt and differences in projected annual tax rates. Adjustments for the three months ended June 30, 2025 include restructuring and related charges, loss on divestiture and differences in projected annual tax rates. Adjustments for the twelve months ended June 30, 2026 include restructuring and related charges and loss on early extinguishment of debt. Adjustments for the twelve months ended June 30, 2025 include restructuring and related charges and loss on divestiture. For those adjustments that are presented ‘net of tax’, the tax effect of the adjustment can be derived by calculating the difference between the pre-tax and the post-tax adjustments presented. The tax effect on adjustments is calculated by preparing an overall tax calculation including the adjustments and then a tax calculation excluding the adjustments. The difference between these calculations results in the tax impact of the adjustments.

Management believes that presentation of these non-GAAP financial measures provides useful information about the results of operations of the Company for the current and past periods. Management believes that investors should have available the same information that management uses to assess operating performance, determine compensation and assess the capital structure of the Company. These non-GAAP financial measures should not be considered in isolation or as a substitute for the most comparable GAAP financial measures. Investors are cautioned that non-GAAP financial measures used by management may not be comparable to non-GAAP financial measures used by other companies. Reconciliations and descriptions of all non-GAAP financial measures are set forth in the disclosures below.

Reconciliations to the most directly comparable GAAP financial measures for the following forward-looking non-GAAP financial measures for the first quarter and full fiscal year of 2027 have not been provided, including but not limited to: FOCF, adjusted operating income, adjusted net income, and adjusted EPS. The most comparable GAAP financial measures are net cash flow from operating activities, operating income, and net income attributable to Kennametal, respectively. Because the non-GAAP financial measures on a forward-looking basis are subject to uncertainty and variability as they are dependent on many factors - including, but not limited to, the effect of foreign currency exchange fluctuations, impacts from potential acquisitions or divestitures, gains or losses on the potential sale of businesses or other assets, restructuring costs, asset impairment charges, gains or losses from early extinguishment of debt, the tax impact of the items above and the impact of tax law changes or other tax matters - reconciliations to the most directly comparable forward-looking GAAP financial measures are not available without unreasonable effort.

THREE MONTHS ENDED JUNE 30, 2026 (UNAUDITED)

(in thousands, except percents) Sales Operating income ETR

Net income(2)

Diluted EPS

Reported results $ 736,614 $ 302,882 23.3 % $ 226,977 $ 2.91

Reported margins 41.1 %

Restructuring and related charges — 2,778 17.2 2,301 0.03

Loss on early extinguishment of debt — — 24.5 1,672 0.02

Differences in projected annual tax rates — — (41.6) (235) —

Adjusted results $ 736,614 $ 305,660 23.4 % $ 230,715 $ 2.96

Adjusted margins 41.5 %

(2) Attributable to Kennametal.

THREE MONTHS ENDED JUNE 30, 2026 (UNAUDITED)

Metal Cutting Infrastructure

(in thousands, except percents) Sales Operating income Sales Operating income

Reported results $ 397,827 $ 106,159 $ 338,787 $ 197,381

Reported operating margin 26.7 % 58.3 %

Restructuring and related charges — 2,290 — 488

Adjusted results $ 397,827 $ 108,449 $ 338,787 $ 197,869

Adjusted operating margin 27.3 % 58.4 %

THREE MONTHS ENDED JUNE 30, 2025 (UNAUDITED)

(in thousands, except percents) Sales Operating income ETR

Net income(2)

Diluted EPS

Reported results $ 516,448 $ 31,369 23.9 % $ 21,592 $ 0.28

Reported margins 6.1 %

Restructuring and related charges — 5,366 23.6 4,100 0.05

Loss on divestiture — 1,512 24.5 1,142 0.01

Differences in projected annual tax rates — — (46.3) (691) —

Adjusted results $ 516,448 $ 38,247 25.7 % $ 26,143 $ 0.34

Adjusted margins 7.4 %

(2) Attributable to Kennametal.

THREE MONTHS ENDED JUNE 30, 2025 (UNAUDITED)

Metal Cutting Infrastructure

(in thousands, except percents) Sales Operating income Sales Operating income

Reported results $ 320,652 $ 21,067 $ 195,796 $ 10,696

Reported operating margin 6.6 % 5.5 %

Restructuring and related charges — 4,266 — 1,101

Loss on divestiture — — — 1,512

Adjusted results $ 320,652 $ 25,333 $ 195,796 $ 13,309

Adjusted operating margin 7.9 % 6.8 %

TWELVE MONTHS ENDED JUNE 30, 2026 (UNAUDITED)

(in thousands, except percents) Sales Operating income

Net income(2)

Diluted EPS

Reported results $ 2,356,698 $ 472,532 $ 342,389 $ 4.42

Reported operating margin 20.1 %

Restructuring and related charges — 11,413 9,400 0.13

Loss on early extinguishment of debt — — 1,671 0.02

Adjusted results $ 2,356,698 $ 483,945 $ 353,460 $ 4.57

Adjusted operating margin 20.5 %

(2) Attributable to Kennametal.

TWELVE MONTHS ENDED JUNE 30, 2025 (UNAUDITED)

(in thousands, except percents) Sales Operating income

Net income(2)

Diluted EPS

Reported results $ 1,966,845 $ 143,123 $ 93,125 $ 1.20

Reported operating margin 7.3 %

Restructuring and related charges — 13,252 10,475 0.13

Loss on divestiture — 1,512 1,142 0.01

Adjusted results $ 1,966,845 $ 157,887 $ 104,742 $ 1.34

Adjusted operating margin 8.0 %

(2) Attributable to Kennametal.

Free Operating Cash Flow (FOCF)

FOCF is a non-GAAP financial measure and is defined by the Company as cash provided by operations (which is the most directly comparable GAAP financial measure) less capital expenditures plus proceeds from disposals of fixed assets. Management considers FOCF to be an important indicator of the Company's cash generating capability because it better represents cash generated from operations that can be used for dividends, debt repayment, strategic initiatives (such as acquisitions) and other investing and financing activities.

FREE OPERATING CASH FLOW (UNAUDITED) Twelve Months Ended

June 30,

(in thousands) 2026 2025

Net cash flow from operating activities $ (4,008) $ 208,324

Purchases of property, plant and equipment (76,905) (88,971)

Proceeds from disposals of property, plant and equipment 1,775 1,841

Free operating cash flow $ (79,138) $ 121,194

Organic Sales Growth

Organic sales growth is a non-GAAP financial measure of sales growth (which is the most directly comparable GAAP measure) excluding the impacts of acquisitions, divestitures, business days and foreign currency exchange from year-over-year comparisons. Management believes this measure provides investors with a supplemental understanding of underlying sales trends by providing sales growth on a consistent basis. Management reports organic sales growth at the consolidated and segment levels.

ORGANIC SALES GROWTH (UNAUDITED)

THREE MONTHS ENDED JUNE 30, 2026 Metal Cutting Infrastructure Total

Organic sales growth 22% 74% 42%

Foreign currency exchange effect(3)

1 1 1

Business days effect(4)

1 1 1

Divestiture effect(5)

— (3) (1)

Sales growth 24% 73% 43%

TWELVE MONTHS ENDED JUNE 30, 2026 Total

Organic sales growth 19%

Foreign currency exchange effect(3)

Business days effect(4)

—

Divestiture effect(5)

(1)

Sales growth 20%

(3) Foreign currency exchange effect is calculated by dividing the difference between current period sales and current period sales at prior period foreign exchange rates by prior period sales.

(4) Business days effect is calculated by dividing the year-over-year change in weighted average working days (based on mix of sales by country) by prior period weighted average working days.

(5) Divestiture effect is calculated by dividing prior period sales attributable to divested businesses by prior period sales.

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Cover Cover

Aug. 05, 2026

Document Information [Line Items]

Document Type

8-K

Document Period End Date

Aug. 05, 2026

Entity Registrant Name

Kennametal Inc.

Entity Incorporation, State or Country Code

Entity File Number

1-5318

Entity Tax Identification Number

25-0900168

Entity Address, Address Line One

525 William Penn Place

Entity Address, Address Line Two

Suite 3300

Entity Address, City or Town

Pittsburgh,

Entity Address, State or Province

Entity Address, Postal Zip Code

15219

City Area Code

412

Local Phone Number

248-8000

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Capital Stock, Par Value $1.25 Per Share | NEW YORK STOCK EXCHANGE, INC.

Document Information [Line Items]

Title of 12(b) Security

Capital Stock, par value $1.25 per share

Trading Symbol

KMT

Security Exchange Name

NYSE

Preferred Stock Purchase Rights | NEW YORK STOCK EXCHANGE, INC.

Document Information [Line Items]

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Preferred Stock Purchase Rights

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true

Security Exchange Name

NYSE

- Definition

Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.

+ References

No definition available.

+ Details

Name:

dei_AmendmentFlag

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Area code of city

+ References

No definition available.

+ Details

Name:

dei_CityAreaCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

No definition available.

+ Details

Name:

dei_DocumentInformationLineItems

Namespace Prefix:

dei_

Data Type:

xbrli:stringItemType

Balance Type:

Period Type:

duration

- Definition

For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.

+ References

No definition available.

+ Details

Name:

dei_DocumentPeriodEndDate

Namespace Prefix:

dei_

Data Type:

xbrli:dateItemType

Balance Type:

Period Type:

duration

- Definition

The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.

+ References

No definition available.

+ Details

Name:

dei_DocumentType

Namespace Prefix:

dei_

Data Type:

dei:submissionTypeItemType

Balance Type:

Period Type:

duration

- Definition

Address Line 1 such as Attn, Building Name, Street Name

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine1

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Address Line 2 such as Street or Suite number

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine2

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the City or Town

+ References

No definition available.

+ Details

Name:

dei_EntityAddressCityOrTown

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Code for the postal or zip code

+ References

No definition available.

+ Details

Name:

dei_EntityAddressPostalZipCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the state or province.

+ References

No definition available.

+ Details

Name:

dei_EntityAddressStateOrProvince

Namespace Prefix:

dei_

Data Type:

dei:stateOrProvinceItemType

Balance Type:

Period Type:

duration

- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityCentralIndexKey

Namespace Prefix:

dei_

Data Type:

dei:centralIndexKeyItemType

Balance Type:

Period Type:

duration

- Definition

Indicate if registrant meets the emerging growth company criteria.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityEmergingGrowthCompany

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

+ References

No definition available.

+ Details

Name:

dei_EntityFileNumber

Namespace Prefix:

dei_

Data Type:

dei:fileNumberItemType

Balance Type:

Period Type:

duration

- Definition

Two-character EDGAR code representing the state or country of incorporation.

+ References

No definition available.

+ Details

Name:

dei_EntityIncorporationStateCountryCode

Namespace Prefix:

dei_

Data Type:

dei:edgarStateCountryItemType

Balance Type:

Period Type:

duration

- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityRegistrantName

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityTaxIdentificationNumber

Namespace Prefix:

dei_

Data Type:

dei:employerIdItemType

Balance Type:

Period Type:

duration

- Definition

Local phone number for entity.

+ References

No definition available.

+ Details

Name:

dei_LocalPhoneNumber

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true only for a security having no trading symbol.

+ References

No definition available.

+ Details

Name:

dei_NoTradingSymbolFlag

Namespace Prefix:

dei_

Data Type:

dei:trueItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

+ Details

Name:

dei_PreCommencementIssuerTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

+ Details

Name:

dei_PreCommencementTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Title of a 12(b) registered security.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

+ Details

Name:

dei_Security12bTitle

Namespace Prefix:

dei_

Data Type:

dei:securityTitleItemType

Balance Type:

Period Type:

duration

- Definition

Name of the Exchange on which a security is registered.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

+ Details

Name:

dei_SecurityExchangeName

Namespace Prefix:

dei_

Data Type:

dei:edgarExchangeCodeItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

+ Details

Name:

dei_SolicitingMaterial

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Trading symbol of an instrument as listed on an exchange.

+ References

No definition available.

+ Details

Name:

dei_TradingSymbol

Namespace Prefix:

dei_

Data Type:

dei:tradingSymbolItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

+ Details

Name:

dei_WrittenCommunications

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Details

Name:

us-gaap_StatementClassOfStockAxis=kmt_CapitalStockParValue1.25PerShareMember

Namespace Prefix:

Data Type:

Balance Type:

Period Type:

- Details

Name:

dei_EntityListingsExchangeAxis=exch_XNYS

Namespace Prefix:

Data Type:

Balance Type:

Period Type:

- Details

Name:

us-gaap_StatementClassOfStockAxis=kmt_PreferredStockPurchaseRightsMember

Namespace Prefix:

Data Type:

Balance Type:

Period Type: