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Kennametal KMT Metal Cutting — Operating expense

Other segment segments

Infrastructure
$29.5M+21.6%

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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 metal cutting — operating expense?
Kennametal (KMT) reported metal cutting — operating expense of $94.17M in Q1 2026.
How has Kennametal's metal cutting — operating expense changed year-over-year?
Kennametal's metal cutting — operating expense increased by 18.8% year-over-year, from $79.27M to $94.17M.
What is the long-term trend for Kennametal's metal cutting — operating expense?
Over 2 years (2023 to 2025), Kennametal's metal cutting — operating expense has grown at a -0.3% compound annual growth rate (CAGR), from $331.15M to $329.3M.
What does metal cutting — operating expense mean?
The total operating costs incurred by the Metal Cutting segment, excluding cost of goods sold, such as research and development, selling, general, and administrative expenses. It measures the overhead required to support the segment's ongoing business operations.

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