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Kennametal KMT Metal Cutting — Operating Income (Loss)

Other segment segments

Infrastructure
$42.47M+119%
Corporate Segment
-$1.17M-343%

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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:OperatingIncomeLoss.

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
Metal Cutting$401$368$1,194$1,128
Infrastructure1,9862,3355,9447,014
Operating income:
Metal Cutting$38,125$24,900$89,447$65,308
Infrastructure42,47119,42382,51247,770
Total segment operating income80,59644,323171,959113,078
Unallocated corporate expenses(1,166)(263)(2,308)(1,325)
Total operating income$79,430$44,060$169,651$111,753

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Kennametal's metal cutting — operating income (loss)?
Kennametal (KMT) reported metal cutting — operating income (loss) of $38.13M in Q1 2026.
How has Kennametal's metal cutting — operating income (loss) changed year-over-year?
Kennametal's metal cutting — operating income (loss) increased by 53.1% year-over-year, from $24.9M to $38.13M.
What is the long-term trend for Kennametal's metal cutting — operating income (loss)?
Over 3 years (2022 to 2025), Kennametal's metal cutting — operating income (loss) has grown at a -10.7% compound annual growth rate (CAGR), from $121.39M to $86.38M.
What does metal cutting — operating income (loss) mean?
This measures the profitability of the Metal Cutting segment by subtracting operating expenses and cost of goods sold from segment revenue. It serves as a primary indicator of the segment's core operational efficiency and its ability to generate earnings from its manufacturing and tooling activities. A consistent or growing operating income demonstrates strong competitive positioning and effective cost management.

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