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Kennametal KMT Infrastructure — Restructuring and related cost, cost incurred to date

Other segment segments

Metal Cutting
$16.6M0.0%

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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:RestructuringAndRelatedCostCostIncurredToDate1.

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 January 2025, we announced several actions to support the long-term competitiveness of the Company and to mitigate softer market conditions. Total restructuring and related charges for this program of $22.0 million, compared to a target of approximately $20 million, were recorded through March 31, 2026, consisting of $16.6 million in Metal Cutting and $5.5 million in Infrastructure. The Company substantially completed the closure of a facility in Greenfield, MA and the consolidation of facilities in Barcelona, Spain during 2025 as a part of these actions.

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Kennametal's infrastructure — restructuring and related cost, cost incurred to date?
Kennametal (KMT) reported infrastructure — restructuring and related cost, cost incurred to date of $5.5M in Q1 2026.
How has Kennametal's infrastructure — restructuring and related cost, cost incurred to date changed year-over-year?
Kennametal's infrastructure — restructuring and related cost, cost incurred to date decreased by 0.0% year-over-year, from $5.5M to $5.5M.
What is the long-term trend for Kennametal's infrastructure — restructuring and related cost, cost incurred to date?
Over 2 years (2022 to 2025), Kennametal's infrastructure — restructuring and related cost, cost incurred to date has grown at a -16.7% compound annual growth rate (CAGR), from $31.4M to $21.8M.
What does infrastructure — restructuring and related cost, cost incurred to date mean?
The cumulative financial impact of organizational restructuring initiatives within the Infrastructure business segment since the inception of a specific program. This metric tracks the total investment made to streamline operations, reduce overhead, or realign the segment's cost structure. It serves as a key indicator of the long-term capital commitment required to execute strategic business transformations.

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