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Kennametal KMT Infrastructure — Operating expense

Other segment segments

Metal Cutting
$94.17M+18.8%

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Other financials

Income statement

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Revenue$592.6M+21.8%
Gross profit$208.0M+33.0%
Operating income$79.4M+80.3%
Net income$58.2M+85.0%
EPS (diluted)$0.75+82.9%

Balance sheet

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Cash & equivalents$106.9M+9.6%
Total debt$635.6M+2.2%
Total equity$1.4B+9.5%
Total assets$2.7B+9.6%

Cash flow

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Operating cash flow$55.1M-0.1%
CapEx$18.0M-23.6%
Free cash flow$42.4M+18.0%

Valuation

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Market cap$2.58B+64.7%
Enterprise value$3.11B+52.1%
P/E18.8×+2.0×
P/S1.2×+0.4×

Profitability

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Gross margin31.9%+0.6pp
Operating margin9.4%+0.7pp
Net margin6.4%+1.0pp
FCF margin4.9%-4.8pp

Returns & leverage

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Return on equity10.6%+1.9pp
Debt / equity0.5×0.0×
Current ratio2.4×-0.1×

Where this comes from

Reported directly by Kennametal in its filing.

Tagged under the XBRL concept us-gaap:OperatingExpenses.

The source filing: Kennametal’s 10-Q, filed May 6, 2026.

Filed
May 6, 2026, 4:24 PM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q1 2026
Accession
0001628280-26-031335
(in thousands)Three Months Ended March 31, 2026Three Months Ended March 31, 2025Nine Months Ended March 31, 2026Nine Months Ended March 31, 2025
Infrastructure234,678182,050620,493551,363
Total sales$592,585$486,399$1,620,084$1,450,398
Cost of goods sold:
Metal Cutting$223,533$195,741$635,578$578,605
Infrastructure160,284134,529447,234419,624
Operating expense:
Metal Cutting$94,173$79,265$268,385$248,161
Infrastructure29,49724,24983,55875,255

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Kennametal's infrastructure — operating expense?
Kennametal (KMT) reported infrastructure — operating expense of $29.5M in Q1 2026.
How has Kennametal's infrastructure — operating expense changed year-over-year?
Kennametal's infrastructure — operating expense increased by 21.6% year-over-year, from $24.25M to $29.5M.
What is the long-term trend for Kennametal's infrastructure — operating expense?
Over 2 years (2023 to 2025), Kennametal's infrastructure — operating expense has grown at a -1.9% compound annual growth rate (CAGR), from $103.29M to $99.43M.
What does infrastructure — operating expense mean?
The total costs incurred to support the day-to-day operations of the Infrastructure segment, excluding direct production costs. This encompasses selling, general, and administrative expenses, as well as research and development investments. It reflects the overhead burden required to maintain and grow the segment's market presence.

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