Kennametal (KMT) 10-Q 7 Feb 25 2025 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Dec. 31, 2024	Jan. 31, 2025
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Dec. 31, 2024
Document Transition Report	false
Entity File Number	1-5318
Entity Registrant Name	KENNAMETAL INC.
Entity Incorporation, State or Country Code	PA
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	PA
Entity Address, Postal Zip Code	15219
City Area Code	412
Local Phone Number	248-8000
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding (in shares)		77,360,327
Entity Central Index Key	0000055242
Current Fiscal Year End Date	--06-30
Document Fiscal Year Focus	2025
Document Fiscal Period Focus	Q2
Amendment Flag	false
Capital Stock, par value $1.25 per share | New York Stock Exchange
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
Document Information [Line Items]
Title of 12(b) Security	Preferred Stock Purchase Rights
Security Exchange Name	NYSE
No Trading Symbol Flag	true

Basis of Presentation

Basis of Presentation	6 Months Ended
	Dec. 31, 2024
Accounting Policies [Abstract]
BASIS OF PRESENTATION	BASIS OF PRESENTATION The condensed consolidated financial statements and accompanying notes included in this Quarterly Report on Form 10-Q, which include our accounts and those of our subsidiaries in which we have a controlling interest, should be read in conjunction with the consolidated financial statements and accompanying notes included in our Annual Report on Form 10-K for the fiscal year ended June 30, 2024 (the “2024 Annual Report”). The condensed consolidated balance sheet as of June 30, 2024 was derived from the audited balance sheet included in our 2024 Annual Report. The interim statements are unaudited; however, we believe that all adjustments necessary for a fair statement of the results of the interim periods were made and all adjustments are normal recurring adjustments. The results for the six months ended December 31, 2024 are not necessarily indicative of the results to be expected for a full fiscal year. Unless otherwise specified, any reference to a “year” is to a fiscal year ended June 30. For example, a reference to 2025 is to the fiscal year ending June 30, 2025. When used in this Quarterly Report on Form 10-Q, unless the context requires otherwise, the terms “the Company,” “we,” “our” and “us” refer to Kennametal Inc. and its subsidiaries.

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Sales	$ 482,051	$ 495,320	$ 963,999	$ 987,796
Cost of goods sold	337,021	355,723	667,960	685,301
Gross profit	145,030	139,597	296,039	302,495
Operating expense	109,308	107,342	220,962	218,991
Restructuring and other charges, net (Note 6)	1,335	1,033	1,946	4,119
Amortization of intangibles	2,720	2,743	5,438	5,788
Operating income	31,667	28,479	67,693	73,597
Interest expense	6,180	6,847	12,493	13,447
Other expense, net	(1,477)	(687)	(3,136)	(597)
Income before income taxes	26,964	22,319	58,336	60,747
Provision for income taxes	7,927	(2,009)	15,833	6,050
Net income	19,037	24,328	42,503	54,697
Less: Net income attributable to noncontrolling interests	1,109	1,220	2,452	1,532
Net income attributable to Kennametal	$ 17,928	$ 23,108	$ 40,051	$ 53,165
PER SHARE DATA ATTRIBUTABLE TO KENNAMETAL SHAREHOLDERS
Basic earnings per share	$ 0.23	$ 0.29	$ 0.51	$ 0.67
Diluted earnings per share	0.23	0.29	0.51	0.66
Dividends per share	$ 0.20	$ 0.20	$ 0.4	$ 0.4
Basic weighted average shares outstanding	77,724	79,700	77,896	79,863
Diluted weighted average shares outstanding	78,379	80,114	78,495	80,395
Noncontrolling Interest [Member]
Net income	$ 1,109	$ 1,220	$ 2,452	$ 1,532

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Net income	$ 19,037	$ 24,328	$ 42,503	$ 54,697
Other comprehensive income (loss), net of tax [Abstract]
Reclassification of unrealized gain on derivatives designated and qualified as cash flow hedges	(169)	(192)	(392)	(385)
Unrecognized net pension and other postretirement benefit plans gain	3,191	(1,752)	616	(235)
Reclassification of net pension and other postretirement benefit loss	1,539	1,071	3,724	2,125
Foreign currency translation adjustments	(56,998)	31,791	(21,960)	11,604
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, after Tax	1,169	(59)	1,085	(59)
Total other comprehensive loss, net of tax	(51,268)	30,859	(16,927)	13,050
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest	(32,231)	55,187	25,576	67,747
Less: comprehensive loss attributable to noncontrolling interests	(669)	1,888	1,397	1,560
Comprehensive income (loss) attributable to Kennametal Shareholders	(31,562)	53,299	24,179	66,187
Accumulated Other Comprehensive (Loss) Income [Line Items]
Provision for income taxes	7,927	(2,009)	15,833	6,050
Recognition of actuarial losses	(2,076)	(1,418)	(4,984)	(2,852)
Reclassification out of Accumulated Other Comprehensive Loss [Member] | Accumulated Defined Benefit Plans Adjustment [Member]
Accumulated Other Comprehensive (Loss) Income [Line Items]
Provision for income taxes	(537)	(347)	(1,260)	(727)
Amortization of transition obligations	0	19	0
Recognition of actuarial losses	2,141	1,463	4,280	2,943
Other Comprehensive (Income) Loss, Defined Benefit Plan, Reclassification Adjustment from AOCI, Tax	$ 0	$ 0	$ 836	$ 0

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) shares in Thousands, $ in Thousands	Dec. 31, 2024	Jun. 30, 2024
Current assets:
Cash and cash equivalents	$ 121,151	$ 127,971
Accounts receivable, less allowance for doubtful accounts of $8,185 and $8,759, respectively	254,141	302,810
Inventories (Note 9)	536,634	514,632
Other current assets	56,848	57,179
Total current assets	968,774	1,002,592
Property, plant and equipment:
Land and buildings	418,947	415,376
Machinery and equipment	1,995,134	1,992,001
Less accumulated depreciation	(1,503,957)	(1,469,314)
Property, plant and equipment, net	910,124	938,063
Other assets:
Goodwill (Note 17)	268,796	271,567
Other intangible assets, less accumulated amortization of $175,481 and $173,346, respectively (Note 17)	75,715	81,421
Operating lease right-of-use assets	44,140	48,142
Deferred income taxes	78,574	79,333
Other	89,682	82,640
Total other assets	556,907	563,103
Total assets	2,435,805	2,503,758
Current liabilities:
Revolving and other lines of credit and notes payable (Note 11)	1,370	1,377
Current operating lease liabilities	12,100	12,766
Accounts payable	198,512	191,541
Accrued income taxes	10,802	13,152
Accrued expenses	37,996	53,013
Other current liabilities	121,448	144,112
Total current liabilities	382,228	415,961
Long-term debt, less current maturities (Note 10)	596,384	595,980
Operating lease liabilities	32,342	35,631
Deferred income taxes	35,345	36,171
Accrued pension and postretirement benefits	107,399	109,915
Accrued income taxes	1,683	1,484
Other liabilities	20,323	20,017
Total liabilities	1,175,704	1,215,159
Commitments and contingencies
Kennametal Shareholders' Equity
Preferred stock, no par value; 5,000 shares authorized; none issued	0	0
Capital stock, $1.25 par value; 120,000 shares authorized; 79,818 and 79,835 shares issued, respectively	96,661	97,361
Additional paid-in capital	394,394	416,620
Retained earnings	1,179,385	1,170,482
Accumulated other comprehensive loss	(450,460)	(434,588)
Total Kennametal Shareholders' Equity	1,219,980	1,249,875
Noncontrolling interests	40,121	38,724
Total equity	1,260,101	1,288,599
Total liabilities and equity	$ 2,435,805	$ 2,503,758
Common Stock, Par or Stated Value Per Share	$ 1.25	$ 1.25
Preferred Stock, No Par Value	$ 0	$ 0
Preferred Stock, Shares Authorized	5,000	5,000

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) - USD ($) shares in Thousands, $ in Thousands	Dec. 31, 2024	Jun. 30, 2024
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 7,929	$ 7,831
Accumulated amortization on other intangible assets	$ 188,804	$ 184,352
Preferred stock, par value	$ 0	$ 0
Preferred stock, shares authorized	5,000	5,000
Capital stock, par value	$ 1.25	$ 1.25
Capital stock, shares authorized	120,000	120,000
Capital stock, shares issued	77,329	77,889
Preferred Stock, Shares Issued	0	0
Cash and Cash Equivalents, at Carrying Value	$ 121,151	$ 127,971

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW (UNAUDITED) $ in Thousands	6 Months Ended
	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Jun. 30, 2023 USD ($)
OPERATING ACTIVITIES
Net income	$ 42,503	$ 54,697
Adjustments to reconcile to cash from operations:
Depreciation	62,130	60,500
Amortization	5,438	5,788
Stock-based compensation expense	13,375	14,652
Restructuring and other charges, net (Note 6)	1,946	4,119
Insurance Recoveries	(7,500)	0
Other Noncash Income (Expense)	2,666	11,279
Deferred income taxes	(1,903)	(7,726)
Changes in certain assets and liabilities:
Accounts receivable	43,167	20,447
Inventories	(30,695)	(9,471)
Accounts payable and accrued liabilities	(27,214)	(36,220)
Accrued income taxes	606	(17,259)
Accrued pension and postretirement benefits	(2,445)	(5,497)
Other	(1,174)	(7,001)
Net cash flow provided by (used in) operating activities	100,900	88,308
INVESTING ACTIVITIES
Purchases of property, plant and equipment	(43,967)	(57,487)
Disposals of property, plant and equipment	405	5,208
Payments to Acquire Businesses, Net of Cash Acquired	0	4,010
Proceeds from Insurance Settlement, Investing Activities	7,193	0
Other	(222)	(117)
Net cash flow used in investing activities	(36,591)	(56,406)
FINANCING ACTIVITIES
Net increase in notes payable	0	2,112
Net increase in revolving and other lines of credit	0	20,500
Purchase of capital stock	(30,062)	(28,754)
The effect of employee benefit and stock plans and dividend reinvestment	(6,240)	(7,864)
Cash dividends paid to Shareholders	(31,148)	(31,844)
Other	(599)	(658)
Net cash flow (used in) provided by financing activities	(68,049)	(46,508)
Effect of exchange rate changes on cash and cash equivalents	(3,080)	(680)
Net decrease in cash and cash equivalents	(6,820)	(15,286)
Cash and cash equivalents, end of period	$ 121,151	$ 90,735	$ 106,021

Supplemental Cash Flow Disclosu

Supplemental Cash Flow Disclosures	6 Months Ended
	Dec. 31, 2024
Supplemental Cash Flow Elements [Abstract]
SUPPLEMENTAL CASH FLOW DISCLOSURES	SUPPLEMENTAL CASH FLOW DISCLOSURES Six Months Ended December 31, (in thousands) 2024 2023 Cash paid during the period for: Interest $ 12,383 $ 13,305 Income taxes 17,130 24,506 Supplemental disclosure of non-cash information: Changes in accounts payable related to purchases of property, plant and equipment 166 (4,466)

Supplemental Cash Flow

Supplemental Cash Flow	6 Months Ended
	Dec. 31, 2024
Supplemental Cash Flow Elements [Abstract]
Supplemental Cash Flow Disclosures	Six Months Ended December 31, (in thousands) 2024 2023 Cash paid during the period for: Interest $ 12,383 $ 13,305 Income taxes 17,130 24,506 Supplemental disclosure of non-cash information: Changes in accounts payable related to purchases of property, plant and equipment 166 (4,466)

Supplemental Cash Flow_2

Supplemental Cash Flow - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Supplemental Cash Flow Elements [Abstract]
Interest	$ 12,383	$ 13,305
Income taxes	17,130	24,506
Change in accounts payable related to purchases of property, plant, and equipment	$ 166	$ (4,466)

Supplier Finance Program

Supplier Finance Program	6 Months Ended
	Dec. 31, 2024
Payables and Accruals [Abstract]
Supplier Finance Program	SUPPLIER FINANCE PROGRAM We have a supplier finance program managed through two global financial institutions under which we agree to pay the financial institutions the stated amount of confirmed invoices from our participating suppliers on the invoice due date. We, or the global financial institutions, may terminate our agreements at any time upon 30 days written notice. We do not provide any forms of guarantees under these agreements. Supplier participation in the program is solely up to the supplier. We have no economic interest in a supplier’s decision to participate in the program, and their participation has no bearing on our payment terms or amounts due. The payment terms that we have with our suppliers under this program are considered commercially reasonable. As of December 31, 2024 and June 30, 2024, the obligations outstanding that the Company has confirmed as valid to the financial institutions under the program were $17.8 million and $26.1 million, respectively, and were recorded within trade accounts payable.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Dec. 31, 2024
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	Fair value is defined as the price that would be received on the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value hierarchy consists of three levels to prioritize the inputs used in valuations, as defined below: Level 1: Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. Level 2: Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates); and inputs that are derived principally from or corroborated by observable market data by correlation or other means. Level 3: Inputs that are unobservable. As of December 31, 2024, the fair values of our financial assets and financial liabilities are categorized as follows: (in thousands) Level 1 Level 2 Level 3 Total Assets: Derivatives (1) $ — $ 1,476 $ — $ 1,476 Total assets at fair value $ — $ 1,476 $ — $ 1,476 Liabilities: Derivatives (1) $ — $ 27 $ — $ 27 Total liabilities at fair value $ — $ 27 $ — $ 27 As of June 30, 2024, the fair values of our financial assets and financial liabilities are categorized as follows: (in thousands) Level 1 Level 2 Level 3 Total Assets: Derivatives (1) $ — $ 91 $ — $ 91 Total assets at fair value $ — $ 91 $ — $ 91 Liabilities: Derivatives (1) $ — $ 89 $ — $ 89 Total liabilities at fair value $ — $ 89 $ — $ 89 (1) Currency derivatives are valued based on observable market spot and forward rates and are classified within Level 2 of the fair value hierarchy.

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	6 Months Ended
	Dec. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES As part of our financial risk management program, we use certain derivative financial instruments. We do not enter into derivative transactions for speculative purposes and, therefore, we do not hold any derivative instruments for trading purposes. We account for derivative instruments as a hedge of the related asset, liability, firm commitment or anticipated transaction, when the derivative is specifically designated and qualifies as a hedge of such items. Our objective in managing foreign exchange exposures with derivative instruments is to reduce volatility in cash flow. We measure hedge effectiveness by assessing the changes in the fair value or expected future cash flows of the hedged item. The fair value of derivatives designated and not designated as hedging instruments in the condensed consolidated balance sheets are as follows: (in thousands) December 31, 2024 June 30, 2024 Derivatives designated as hedging instruments Other current assets - range forward contracts $ 1,472 $ 43 Total derivatives designated as hedging instruments 1,472 43 Derivatives not designated as hedging instruments Other current assets - currency forward contracts $ 4 $ 48 Other current liabilities - currency forward contracts (27) (89) Total derivatives not designated as hedging instruments (23) (41) Total derivatives $ 1,449 $ 2 Certain currency forward contracts that hedge significant cross-border intercompany loans are considered as other derivatives and therefore do not qualify for hedge accounting. These contracts are recorded at fair value in the condensed consolidated balance sheets, with the offset to other income, net. Losses (gains) related to derivatives not designated as hedging instruments have been recognized as follows: Three Months Ended December 31, Six Months Ended December 31, (in thousands) 2024 2023 2024 2023 Other income, net - currency forward contracts $ 2 $ (93) $ (12) $ 29 CASH FLOW HEDGES Range forward contracts (a transaction where both a put option is purchased and a call option is sold) are designated as cash flow hedges and hedge anticipated cash flows from cross-border intercompany sales of products and services. Gains and losses realized on these contracts are recorded in accumulated other comprehensive loss and are recognized as a component of cost of goods sold when the underlying sale of products or services is recognized into earnings. The notional amount of the contracts translated into U.S. dollars at December 31, 2024 and June 30, 2024 was $35.3 million and $6.4 million, respectively. The time value component of the fair value of range forward contracts is excluded from the assessment of hedge effectiveness. The following represents gains (losses), net of tax, related to cash flow hedges: Three Months Ended December 31, Six Months Ended December 31, (in thousands) 2024 2023 2024 2023 Unrealized gain (loss) recognized in other comprehensive income $ 1,169 $ (59) $ 1,085 $ (59) No portion of the gains or losses recognized in earnings was due to ineffectiveness and no amounts were excluded from our effectiveness testing for the three and six months ended December 31, 2024 and 2023. NET INVESTMENT HEDGES As of December 31, 2024, we had certain foreign currency-denominated intercompany loans payable with total aggregate principal amounts of ¥391.7 million and €50.7 million, designated as net investment hedges to hedge the foreign exchange exposure of our net investment in our China-based and Euro-based subsidiaries, respectively. As of June 30, 2024, we had ¥279.7 million foreign currency-denominated intercompany loans payable designated as net investment hedges to hedge the foreign exchange exposure of our net investment in our China-based subsidiaries. A gain of $0.6 million and a loss of $0.3 million were recorded as a component of foreign currency translation adjustments in other comprehensive (loss) income for the three months ended December 31, 2024 and 2023, respectively. A gain of $0.6 million and a loss of $0.3 million were recorded as a component of foreign currency translation adjustments in other comprehensive (loss) income for the six months ended December 31, 2024 and 2023, respectively. As of December 31, 2024, the foreign currency-denominated intercompany loans payable designated as net investment hedges consisted of: Instrument Notional (CNY and EUR in thousands) (2) Notional (USD in thousands) (2) Maturity Foreign currency-denominated intercompany loan payable ¥ 111,632 $ 15,294 February 2025 Foreign currency-denominated intercompany loan payable ¥ 59,105 $ 8,097 April 2025 Foreign currency-denominated intercompany loan payable € 7,093 $ 7,366 June 2025 Foreign currency-denominated intercompany loan payable € 12,515 $ 12,999 June 2025 Foreign currency-denominated intercompany loan payable € 14,060 $ 14,603 June 2025 Foreign currency-denominated intercompany loan payable € 17,018 $ 17,675 June 2025 Foreign currency-denominated intercompany loan payable ¥ 93,252 $ 12,776 August 2025 Foreign currency-denominated intercompany loan payable ¥ 127,730 $ 17,499 October 2025 (2) Includes principal and accrued interest.

Restructuring and Related Charg

Restructuring and Related Charges	6 Months Ended
	Dec. 31, 2024
Restructuring Charges [Abstract]
RESTRUCTURING AND RELATED CHARGES	RESTRUCTURING AND OTHER CHARGES, NET In the June quarter of fiscal 2023, we announced an initiative to streamline our cost structure. Total restructuring and related charges for this program of $22.0 million, compared to a target of approximately $25 million, were recorded through December 31, 2024, consisting of $16.6 million in Metal Cutting and $5.5 million in Infrastructure. This action is considered substantially complete as of December 31, 2024. In January 2025, subsequent to the December quarter-end, the Company announced that it has initiated several actions that support the long-term competitiveness of the Company and align with the Investor Day commitments the Company made on September 8, 2023, including three to five plant closures by the end of fiscal 2027. Within the Metal Cutting segment, the Company intends to close a facility in Greenfield, MA and consolidate two facilities near Barcelona, Spain into a single, modern facility. Subject to negotiations with local employee representatives, the operations in Greenfield, MA are expected to cease in April 2025 and the plant closure is expected to be substantially complete by December 31, 2025. The consolidation of the Barcelona, Spain facilities is expected to be substantially complete by June 30, 2025. Additionally, to mitigate softer market conditions, especially in EMEA, the Company has initiated a global action to reduce structural costs by removing certain professional headcount. The Company expects to incur pre-tax charges of approximately $25 million in connection with the execution of these actions; of which approximately $10 million is for cash-related facilities charges, approximately $10 million is for severance-related cash expenditures and approximately $5 million is for non-cash facilities charges. We recorded restructuring and related charges of $1.4 million for the three months ended December 31, 2024, which consisted of $1.2 million in Metal Cutting and $0.2 million in Infrastructure. We recorded restructuring and related charges of $2.0 million for the six months ended December 31, 2024, which consisted of $1.8 million in Metal Cutting and $0.2 million in Infrastructure. We recorded restructuring and related charges of $1.0 million for the three months ended December 31, 2023, which consisted of $0.7 million in Metal Cutting and $0.3 million in Infrastructure. We recorded restructuring and related charges of $4.7 million for the six months ended December 31, 2023, which consisted of $3.2 million in Metal Cutting and $1.5 million in Infrastructure. Also included in other charges, net during the six months ended December 31, 2023 is a net benefit of $0.6 million primarily due to the sale of property. As of December 31, 2024, $5.7 million and $2.8 million of the restructuring accrual was recorded in other current liabilities and other liabilities, respectively, in our condensed consolidated balance sheet. As of June 30, 2024, $8.4 million and $2.4 million of the restructuring accrual was recorded in other current liabilities and other liabilities, respectively. The amounts are as follows: (in thousands) June 30, 2024 Expense Translation Cash Expenditures December 31, 2024 Severance $ 10,799 $ 1,946 $ (158) $ (4,158) $ 8,429 Total $ 10,799 $ 1,946 $ (158) $ (4,158) $ 8,429

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]
STOCK-BASED COMPENSATION	STOCK-BASED COMPENSATION Stock Options Changes in our stock options for the six months ended December 31, 2024 were as follows: Options Weighted Average Exercise Price Weighted Average Remaining Life (years) Aggregate Intrinsic Value (in thousands) Options outstanding, June 30, 2024 165,310 $ 34.78 Exercised — — Lapsed or forfeited (63,363) 42.13 Options outstanding, December 31, 2024 101,947 $ 30.20 0.7 $ 44 Options vested, December 31, 2024 101,947 $ 30.20 0.7 $ 44 Options exercisable, December 31, 2024 101,947 $ 30.20 0.7 $ 44 As of December 31, 2024 and June 30, 2024, there was no unrecognized compensation cost related to options outstanding, and all options were fully vested as of December 31, 2024 and June 30, 2024. There was no cash received from the exercise of options during the six months ended December 31, 2024 and 2023. The total intrinsic value of options exercised during the six months ended December 31, 2024 and 2023 was zero. Restricted Stock Units – Performance Vesting and Time Vesting Changes in our performance vesting and time vesting restricted stock units for the six months ended December 31, 2024 were as follows: Performance Vesting Stock Units Performance Vesting Weighted Average Fair Value Time Vesting Stock Units Time Vesting Weighted Average Fair Value Unvested, June 30, 2024 552,461 $ 28.73 1,122,569 $ 27.36 Granted 303,546 25.15 735,220 25.10 Vested (112,598) 36.72 (512,196) 28.69 Performance metric adjustments, net (107,780) 32.98 — — Forfeited (33,631) 26.13 (57,508) 25.83 Unvested, December 31, 2024 601,998 $ 24.81 1,288,085 $ 25.61 During the six months ended December 31, 2024 and 2023, compensation expense related to time vesting and performance vesting restricted stock units was $12.3 million and $14.0 million, respectively. Performance vesting stock units were adjusted by 107,780 units during the six months ended December 31, 2024 related to the fiscal 2024 performance year. As of December 31, 2024, the total unrecognized compensation cost related to unvested time vesting and performance vesting restricted stock units was $31.6 million and is expected to be recognized over a weighted average period of 1.9 years.

Pension and Other Postretiremen

Pension and Other Postretirement Benefits	6 Months Ended
	Dec. 31, 2024
Retirement Benefits [Abstract]
PENSION AND OTHER POSTRETIREMENT BENEFITS	The table below summarizes the components of net periodic pension expense (income): Three Months Ended December 31, Six Months Ended December 31, (in thousands) 2024 2023 2024 2023 Service cost $ 229 $ 293 $ 457 $ 590 Interest cost 8,514 8,857 17,019 17,764 Expected return on plan assets (10,673) (11,125) (21,335) (22,286) Amortization of transition obligation — 19 — 38 Amortization of prior service credit (2) (1) (5) (2) Recognition of actuarial loss 2,107 1,428 4,210 2,872 Settlement — — 836 — Net periodic pension expense (income) $ 175 $ (529) $ 1,182 $ (1,024) During the fiscal 2025 September quarter, the Company completed the wind-up of its Canadian defined benefit pension plans and recorded a settlement charge of $0.8 million. The table below summarizes the components of net periodic other postretirement benefit cost: Three Months Ended December 31, Six Months Ended December 31, (in thousands) 2024 2023 2024 2023 Interest cost $ 98 $ 106 $ 196 $ 212 Amortization of prior service credit (63) (63) (127) (127) Recognition of actuarial loss 34 35 70 71 Net periodic other postretirement benefit cost $ 69 $ 78 $ 139 $ 156 The service cost component of net periodic pension expense (income) is reported as a component of cost of goods sold and operating expense. All other components of net periodic pension expense (income) and net periodic other postretirement benefit cost are reported as a component of other income, net.

Inventories

Inventories	6 Months Ended
	Dec. 31, 2024
Inventory Disclosure [Abstract]
INVENTORIES	INVENTORIES We used the last-in, first-out (LIFO) method of valuing inventories for 34 percent and 33 percent of total inventories at December 31, 2024 and June 30, 2024, respectively. Inventory valuations under the LIFO method are based on an annual determination of quantities and costs as of June 30 of each year; therefore, the interim LIFO valuations are based on our projections of expected year-end inventory levels and costs and are subject to any final year-end LIFO inventory adjustments. Inventories consisted of the following: (in thousands) December 31, 2024 June 30, 2024 Finished goods $ 312,511 $ 310,965 Work in process and powder blends 228,177 216,203 Raw materials 88,077 77,050 Inventories at current cost 628,765 604,218 Less: LIFO valuation (92,131) (89,586) Total inventories $ 536,634 $ 514,632

Long-Term Debt

Long-Term Debt	6 Months Ended
	Dec. 31, 2024
Debt Disclosure [Abstract]
LONG-TERM DEBT	LONG-TERM DEBT Fixed rate debt had a fair market value of $554.5 million and $545.9 million at December 31, 2024 and June 30, 2024, respectively. The Level 2 fair value is determined based on the quoted market prices for similar debt instruments as of December 31, 2024 and June 30, 2024, respectively.
Short-term Debt	11. REVOLVING AND OTHER LINES OF CREDIT AND NOTES PAYABLE During fiscal 2022, we entered into the Sixth Amended and Restated Credit Agreement dated as of June 14, 2022 (the Credit Agreement). The Credit Agreement is a five-year, multi-currency, revolving credit facility, which we use to augment cash from operations and as an additional source of funds. The Credit Agreement provides for revolving credit loans of up to $700.0 million for working capital, capital expenditures and general corporate purposes. The Credit Agreement allows for borrowings in U.S. dollars, euros, pounds sterling and Japanese yen. Interest payable under the Credit Agreement is based upon the type of borrowing under the facility and may be (1) Euro Interbank Offered Rate (EURIBOR), Sterling Overnight Index Average (SONIA), Tokyo Interbank Offered Rate (TIBOR) and Secured Overnight Financing Rate (SOFR) for any borrowings in euros, pounds sterling, yen, and U.S. dollars, respectively, plus an applicable margin, (2) the greater of the prime rate or the Federal Funds effective rate plus an applicable margin, or (3) fixed as negotiated by us. The Credit Agreement matures in June 2027. The Credit Agreement requires us to comply with various restrictive and affirmative covenants, including one financial covenant: a maximum leverage ratio where debt, net of domestic cash in excess of $25 million and sixty percent of the unrestricted cash held outside of the United States, must be less than or equal to 3.75 times trailing twelve months EBITDA, adjusted for certain non-cash expenses. As of December 31, 2024, we were in compliance with all the covenants of the Credit Agreement, and there were no borrowings outstanding and $700.0 million of additional availability. There were no borrowings outstanding as of June 30, 2024.

Environmental Matters

Environmental Matters	6 Months Ended
	Dec. 31, 2024
Environmental Remediation Obligations [Abstract]
ENVIRONMENTAL MATTERS	ENVIRONMENTAL MATTERS The operation of our business has exposed us to certain liabilities and compliance costs related to environmental matters. We are involved in various environmental cleanup and remediation activities at certain sites associated with our current or former operations. We establish and maintain accruals for estimated liabilities associated with certain environmental matters. At December 31, 2024, the balance of such accruals was $10.8 million, of which $1.4 million was current. At June 30, 2024, the balance was $11.0 million, of which $1.6 million was current. We record a loss contingency when the available information indicates it is probable that we have incurred a liability and the amount of the loss is reasonably estimable. The likelihood of a loss with respect to a particular environmental matter is often difficult to predict, and determining a meaningful estimate of the loss or a range of loss may not be practicable based on information available. When a material loss contingency is probable but a reasonable estimate cannot be made, or when a material loss contingency is at least reasonably possible, disclosure is provided. The accruals we have established for estimated environmental liabilities represent our best current estimate of the probable and reasonably estimable costs of addressing identified environmental situations, based on our review of currently available evidence, and taking into consideration our prior experience in remediation and that of other companies, as well as public information released by the United States Environmental Protection Agency (USEPA), other governmental agencies and by the Potentially Responsible Party (PRP) groups in which we are participating. The accrued liabilities for all environmental concerns could change substantially due to factors such as the nature and extent of contamination, changes in remedial requirements, technological changes, discovery of new information, the financial strength of other PRPs, the identification of new PRPs and the involvement of and direction taken by the government or the courts on these matters. Among other environmental laws, we are subject to the Comprehensive Environmental Response Compensation and Liability Act of 1980 (CERCLA), under which we have been identified by the USEPA or other third party as a PRP with respect to environmental remedial costs at certain Superfund sites. We have evaluated our claims and estimated liability associated with these sites based upon the best information currently available to us. We believe our environmental accruals are adequate to cover our portion of the environmental remedial costs at the sites where we have been designated a PRP, to the extent these expenses are probable and reasonably estimable.

Income Taxes

Income Taxes	6 Months Ended
	Dec. 31, 2024
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The effective income tax rates for the three months ended December 31, 2024 and 2023 were 29.4 percent (provision on income) and 9.0 percent (benefit on income), respectively. The year-over-year change is primarily due to a $7.8 million benefit related to a tax rate change in Switzerland that was enacted during the three months ended December 31, 2023 and geographical mix, which were partially offset by a benefit for an advanced manufacturing production credit under the Inflation Reduction Act during the three months ended December 31, 2024.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Dec. 31, 2024
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE Basic earnings per share is computed using the weighted average number of shares outstanding during the period, while diluted earnings per share is calculated to reflect the potential dilution that would occur related to the issuance of capital stock under stock option grants, performance awards and restricted stock units. The difference between basic and diluted earnings per share relates solely to the effect of capital stock options, performance awards and restricted stock units. The following table provides the computation of diluted shares outstanding for the three and six months ended December 31, 2024 and 2023: Three Months Ended December 31, Six Months Ended December 31, (in thousands) 2024 2023 2024 2023 Weighted-average shares outstanding during the period 77,724 79,700 77,896 79,863 Add: Unexercised stock options and unvested restricted stock units 655 414 599 532 Number of shares on which diluted earnings per share is calculated 78,379 80,114 78,495 80,395 Unexercised stock options with an exercise price greater than the average market price and restricted stock units not included in the computation because they were anti-dilutive 96 588 168 472

Equity

Equity	6 Months Ended
	Dec. 31, 2024
Equity [Abstract]
EQUITY	A summary of the changes in the carrying amounts of total equity, Kennametal Shareholders’ equity and equity attributable to noncontrolling interests for the three months ended December 31, 2024 and 2023 is as follows:

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	6 Months Ended
	Dec. 31, 2024
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Loss	ACCUMULATED OTHER COMPREHENSIVE LOSS The components of, and changes in, accumulated other comprehensive loss (AOCL) were as follows, net of tax, for the six months ended December 31, 2024: (in thousands) Pension and other postretirement benefits Currency translation adjustment Derivatives Total Attributable to Kennametal: Balance, June 30, 2024 $ (221,308) $ (216,263) $ 2,983 $ (434,588) Other comprehensive income (loss) before reclassifications 616 (20,905) 1,085 (19,204) Amounts reclassified from AOCL 3,724 — (392) 3,332 Net other comprehensive income (loss) 4,340 (20,905) 693 (15,872) AOCL, December 31, 2024 $ (216,968) $ (237,168) $ 3,676 $ (450,460) Attributable to noncontrolling interests: Balance, June 30, 2024 $ — $ (8,680) $ — $ (8,680) Other comprehensive loss before reclassifications — (1,055) — (1,055) Net other comprehensive loss — (1,055) — (1,055) AOCL, December 31, 2024 $ — $ (9,735) $ — $ (9,735) The components of, and changes in, AOCL were as follows, net of tax, for the six months ended December 31, 2023: (in thousands) Pension and other postretirement benefits Currency translation adjustment Derivatives Total Attributable to Kennametal: Balance, June 30, 2023 $ (215,435) $ (202,641) $ 3,733 $ (414,343) Other comprehensive (loss) income before reclassifications (235) 11,576 (59) 11,282 Amounts reclassified from AOCL 2,125 — (385) 1,740 Net other comprehensive income (loss) 1,890 11,576 (444) 13,022 AOCL, December 31, 2023 $ (213,545) $ (191,065) $ 3,289 $ (401,321) Attributable to noncontrolling interests: Balance, June 30, 2023 $ — $ (8,139) $ — $ (8,139) Other comprehensive income before reclassifications — 28 — 28 Net other comprehensive income — 28 — 28 AOCL, December 31, 2023 $ — $ (8,111) $ — $ (8,111) Reclassifications out of AOCL for the three and six months ended December 31, 2024 and 2023 consisted of the following: Three Months Ended December 31, Six Months Ended December 31, (in thousands) 2024 2023 2024 2023 Affected line item in the Income Statement (Gain) loss on cash flow hedges: Forward starting interest rate swaps $ (255) $ (255) $ (511) $ (511) Interest expense Currency exchange contracts 31 — (8) — Cost of goods sold Total before tax (224) (255) (519) (511) Tax impact 55 63 127 126 Provision for income taxes Net of tax $ (169) $ (192) $ (392) $ (385) Pension and other postretirement benefits: Amortization of transition obligations $ — $ 19 $ — $ 38 Other (income) expense, net Amortization of prior service credit (65) (64) (132) (129) Other (income) expense, net Recognition of actuarial losses 2,141 1,463 4,280 2,943 Other (income) expense, net Settlement — — 836 — Other (income) expense, net Total before tax 2,076 1,418 4,984 2,852 Tax impact (537) (347) (1,260) (727) Provision for income taxes Net of tax $ 1,539 $ 1,071 $ 3,724 $ 2,125 The amount of income tax allocated to each component of other comprehensive (loss) income for the three months ended December 31, 2024 and 2023 were as follows: 2024 2023 (in thousands) Pre-tax Tax impact Net of tax Pre-tax Tax impact Net of tax Unrealized gain (loss) on derivatives designated and qualified as cash flow hedges $ 1,548 $ (379) $ 1,169 $ (78) $ 19 $ (59) Reclassification of unrealized gain on derivatives designated and qualified as cash flow hedges (224) 55 (169) (255) 63 (192) Unrecognized net pension and other postretirement benefit plans gain (loss) 4,313 (1,122) 3,191 (2,378) 626 (1,752) Reclassification of net pension and other postretirement benefit plans loss 2,076 (537) 1,539 1,418 (347) 1,071 Foreign currency translation adjustments (56,998) — (56,998) 31,681 110 31,791 Other comprehensive (loss) income $ (49,285) $ (1,983) $ (51,268) $ 30,388 $ 471 $ 30,859

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	6 Months Ended
	Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND OTHER INTANGIBLE ASSETS	GOODWILL AND OTHER INTANGIBLE ASSETS A summary of the carrying amount of goodwill attributable to each segment, as well as the changes in such, is as follows: (in thousands) Metal Cutting Infrastructure Total Gross goodwill $ 449,228 $ 633,211 $ 1,082,439 Accumulated impairment losses (177,661) (633,211) (810,872) Balance as of June 30, 2024 $ 271,567 $ — $ 271,567 Activity for the six months ended December 31, 2024: Change in gross goodwill due to translation (2,771) — (2,771) Gross goodwill 446,457 633,211 1,079,668 Accumulated impairment losses (177,661) (633,211) (810,872) Balance as of December 31, 2024 $ 268,796 $ — $ 268,796 The components of our other intangible assets were as follows: Estimated December 31, 2024 June 30, 2024 (in thousands) Gross Carrying Accumulated Gross Carrying Accumulated Technology-based and other 4 to 20 $ 31,492 $ (24,626) $ 31,715 $ (24,476) Customer-related 10 to 21 178,883 (123,088) 179,529 (120,091) Unpatented technology 10 to 30 31,467 (27,968) 31,485 (27,130) Trademarks 5 to 20 22,677 (13,122) 23,044 (12,655) Total $ 264,519 $ (188,804) $ 265,773 $ (184,352)

Commitment and Contingencies

Commitment and Contingencies	6 Months Ended
	Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure	COMMITMENTS AND CONTINGENCIES On February 4, 2025, MachiningCloud filed a lawsuit against the Company in the Superior Court of the State of California alleging breach of a contract and other matters and is seeking more than $330 million in damages. At this early stage of the litigation, no determination can be made with regard to the outcome of the litigation, including the probability of an unfavorable outcome. The Company intends to vigorously defend the action.

Segment Data

Segment Data	6 Months Ended
	Dec. 31, 2024
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	SEGMENT DATA We operate in two reportable segments consisting of Metal Cutting and Infrastructure. Our reportable operating segments have been determined in accordance with our internal management structure, which is organized based on operating activities, the manner in which we organize segments for allocating resources, making operating decisions and assessing performance and the availability of separate financial results. We do not allocate certain corporate expenses related to executive retirement plans, our Board of Directors, strategic initiatives, and certain other costs and report them in Corporate. Our reportable operating segments do not represent the aggregation of two or more operating segments. METAL CUTTING The Metal Cutting segment develops and manufactures high performance tooling and metal cutting products and services and offers an assortment of standard and custom metal cutting solutions to diverse end markets, including Aerospace & Defense, General Engineering, Energy and Transportation. The products include milling, hole making, turning, threading and toolmaking systems used in the manufacture of airframes, aero engines, trucks and automobiles, ships and various types of industrial equipment. We leverage advanced manufacturing capabilities in combination with varying levels of customization to solve our customers’ toughest challenges and deliver improved productivity for a wide range of applications . Metal Cutting markets its products under the Kennametal ® , WIDIA ® , WIDIA Hanita ® and WIDIA GTD ® brands through its direct sales force, a network of independent and national distributors, integrated supplier channels and via the Internet. Application engineers and technicians are critical to the sales process and directly assist our customers with specified product design, selection, application and support. INFRASTRUCTURE Our Infrastructure segment produces engineered tungsten carbide and ceramic components, earth-cutting tools, and advanced metallurgical powders, primarily for the Aerospace & Defense, Energy, Earthworks and General Engineering end markets. These wear-resistant products include compacts, nozzles, frac seats and custom components used in oil and gas and petrochemical industries; rod blanks and abrasive water jet nozzles for general industries; earth cutting tools and systems used in underground mining, trenching and foundation drilling and road milling; tungsten carbide powders for the oil and gas, aerospace and process industries; high temperature critical wear components, tungsten penetrators and armor solutions for aerospace and defense; and ceramics used by the packaging industry for metallization of films and papers. We combine deep metallurgical and engineering expertise with advanced manufacturing capabilities, such as 3D printing, to deliver solutions that drive improved productivity for our customers. Infrastructure markets its products primarily under the Kennametal ® brand and sells through a direct sales force as well as through distributors.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Pay vs Performance Disclosure
Net Income (Loss) Attributable to Parent	$ 17,928	$ 23,108	$ 40,051	$ 53,165

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Dec. 31, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Dec. 31, 2024
Fair Value Disclosures [Abstract]
Financial instruments at fair value on recurring basis	As of December 31, 2024, the fair values of our financial assets and financial liabilities are categorized as follows: (in thousands) Level 1 Level 2 Level 3 Total Assets: Derivatives (1) $ — $ 1,476 $ — $ 1,476 Total assets at fair value $ — $ 1,476 $ — $ 1,476 Liabilities: Derivatives (1) $ — $ 27 $ — $ 27 Total liabilities at fair value $ — $ 27 $ — $ 27 As of June 30, 2024, the fair values of our financial assets and financial liabilities are categorized as follows: (in thousands) Level 1 Level 2 Level 3 Total Assets: Derivatives (1) $ — $ 91 $ — $ 91 Total assets at fair value $ — $ 91 $ — $ 91 Liabilities: Derivatives (1) $ — $ 89 $ — $ 89 Total liabilities at fair value $ — $ 89 $ — $ 89 (1) Currency derivatives are valued based on observable market spot and forward rates and are classified within Level 2 of the fair value hierarchy.

Derivative Instruments and He_2

Derivative Instruments and Hedging Activities (Tables)	6 Months Ended
	Dec. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Fair value of derivatives	(in thousands) December 31, 2024 June 30, 2024 Derivatives designated as hedging instruments Other current assets - range forward contracts $ 1,472 $ 43 Total derivatives designated as hedging instruments 1,472 43 Derivatives not designated as hedging instruments Other current assets - currency forward contracts $ 4 $ 48 Other current liabilities - currency forward contracts (27) (89) Total derivatives not designated as hedging instruments (23) (41) Total derivatives $ 1,449 $ 2
(Gains) losses related to derivatives not designated as hedging instruments	related to derivatives not designated as hedging instruments have been recognized as follows: Three Months Ended December 31, Six Months Ended December 31, (in thousands) 2024 2023 2024 2023 Other income, net - currency forward contracts $ 2 $ (93) $ (12) $ 29
Schedule of Net Investment Hedges, Statements of Financial Performance and Financial Position, Location	As of December 31, 2024, the foreign currency-denominated intercompany loans payable designated as net investment hedges consisted of: Instrument Notional (CNY and EUR in thousands) (2) Notional (USD in thousands) (2) Maturity Foreign currency-denominated intercompany loan payable ¥ 111,632 $ 15,294 February 2025 Foreign currency-denominated intercompany loan payable ¥ 59,105 $ 8,097 April 2025 Foreign currency-denominated intercompany loan payable € 7,093 $ 7,366 June 2025 Foreign currency-denominated intercompany loan payable € 12,515 $ 12,999 June 2025 Foreign currency-denominated intercompany loan payable € 14,060 $ 14,603 June 2025 Foreign currency-denominated intercompany loan payable € 17,018 $ 17,675 June 2025 Foreign currency-denominated intercompany loan payable ¥ 93,252 $ 12,776 August 2025 Foreign currency-denominated intercompany loan payable ¥ 127,730 $ 17,499 October 2025 (2) Includes principal and accrued interest.
Schedule of Cash Hedges	The following represents gains (losses), net of tax, related to cash flow hedges: Three Months Ended December 31, Six Months Ended December 31, (in thousands) 2024 2023 2024 2023 Unrealized gain (loss) recognized in other comprehensive income $ 1,169 $ (59) $ 1,085 $ (59)

Restructuring (Tables)

Restructuring (Tables)	6 Months Ended
	Dec. 31, 2024
Restructuring Cost and Reserve [Line Items]
Schedule of Restructuring Reserve by Type of Cost	As of December 31, 2024, $5.7 million and $2.8 million of the restructuring accrual was recorded in other current liabilities and other liabilities, respectively, in our condensed consolidated balance sheet. As of June 30, 2024, $8.4 million and $2.4 million of the restructuring accrual was recorded in other current liabilities and other liabilities, respectively. The amounts are as follows: (in thousands) June 30, 2024 Expense Translation Cash Expenditures December 31, 2024 Severance $ 10,799 $ 1,946 $ (158) $ (4,158) $ 8,429 Total $ 10,799 $ 1,946 $ (158) $ (4,158) $ 8,429

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]
Changes in stock options	Changes in our stock options for the six months ended December 31, 2024 were as follows: Options Weighted Average Exercise Price Weighted Average Remaining Life (years) Aggregate Intrinsic Value (in thousands) Options outstanding, June 30, 2024 165,310 $ 34.78 Exercised — — Lapsed or forfeited (63,363) 42.13 Options outstanding, December 31, 2024 101,947 $ 30.20 0.7 $ 44 Options vested, December 31, 2024 101,947 $ 30.20 0.7 $ 44 Options exercisable, December 31, 2024 101,947 $ 30.20 0.7 $ 44
Changes in time vesting and performance vesting restricted stock units	Changes in our performance vesting and time vesting restricted stock units for the six months ended December 31, 2024 were as follows: Performance Vesting Stock Units Performance Vesting Weighted Average Fair Value Time Vesting Stock Units Time Vesting Weighted Average Fair Value Unvested, June 30, 2024 552,461 $ 28.73 1,122,569 $ 27.36 Granted 303,546 25.15 735,220 25.10 Vested (112,598) 36.72 (512,196) 28.69 Performance metric adjustments, net (107,780) 32.98 — — Forfeited (33,631) 26.13 (57,508) 25.83 Unvested, December 31, 2024 601,998 $ 24.81 1,288,085 $ 25.61

Pension and Other Postretirem_2

Pension and Other Postretirement Benefits (Tables)	6 Months Ended
	Dec. 31, 2024
Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Net periodic pension (income)	The table below summarizes the components of net periodic pension expense (income): Three Months Ended December 31, Six Months Ended December 31, (in thousands) 2024 2023 2024 2023 Service cost $ 229 $ 293 $ 457 $ 590 Interest cost 8,514 8,857 17,019 17,764 Expected return on plan assets (10,673) (11,125) (21,335) (22,286) Amortization of transition obligation — 19 — 38 Amortization of prior service credit (2) (1) (5) (2) Recognition of actuarial loss 2,107 1,428 4,210 2,872 Settlement — — 836 — Net periodic pension expense (income) $ 175 $ (529) $ 1,182 $ (1,024) During the fiscal 2025 September quarter, the Company completed the wind-up of its Canadian defined benefit pension plans and recorded a settlement charge of $0.8 million.
Other Postretirement Benefits Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Net periodic pension (income)	The table below summarizes the components of net periodic other postretirement benefit cost: Three Months Ended December 31, Six Months Ended December 31, (in thousands) 2024 2023 2024 2023 Interest cost $ 98 $ 106 $ 196 $ 212 Amortization of prior service credit (63) (63) (127) (127) Recognition of actuarial loss 34 35 70 71 Net periodic other postretirement benefit cost $ 69 $ 78 $ 139 $ 156

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Dec. 31, 2024
Inventory Disclosure [Abstract]
Inventories	Inventories consisted of the following: (in thousands) December 31, 2024 June 30, 2024 Finished goods $ 312,511 $ 310,965 Work in process and powder blends 228,177 216,203 Raw materials 88,077 77,050 Inventories at current cost 628,765 604,218 Less: LIFO valuation (92,131) (89,586) Total inventories $ 536,634 $ 514,632

Earnings Per Share (Tables) (Ta

Earnings Per Share (Tables) (Tables)	6 Months Ended
	Dec. 31, 2024
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]	The following table provides the computation of diluted shares outstanding for the three and six months ended December 31, 2024 and 2023: Three Months Ended December 31, Six Months Ended December 31, (in thousands) 2024 2023 2024 2023 Weighted-average shares outstanding during the period 77,724 79,700 77,896 79,863 Add: Unexercised stock options and unvested restricted stock units 655 414 599 532 Number of shares on which diluted earnings per share is calculated 78,379 80,114 78,495 80,395 Unexercised stock options with an exercise price greater than the average market price and restricted stock units not included in the computation because they were anti-dilutive 96 588 168 472

Equity (Tables)

Equity (Tables)	6 Months Ended
	Dec. 31, 2024
Equity [Abstract]
Summary of the changes in the carrying amounts of total equity, Kennametal shareholders' equity and equity attributable to noncontrolling interests	EQUITY A summary of the changes in the carrying amounts of total equity, Kennametal Shareholders’ equity and equity attributable to noncontrolling interests for the three months ended December 31, 2024 and 2023 is as follows: Kennametal Shareholders’ Equity (in thousands, except per share amounts) Capital stock Additional paid-in capital Retained earnings Accumulated other comprehensive loss Non-controlling interests Total equity Balance as of September 30, 2024 $ 97,145 $ 403,975 $ 1,177,023 $ (400,970) $ 40,790 $ 1,317,963 Net income — — 17,928 — 1,109 19,037 Other comprehensive loss — — — (49,490) (1,778) (51,268) Dividend reinvestment 2 40 — — — 42 Capital stock issued under employee benefit and stock plans (3) 172 4,753 — — — 4,925 Purchase of capital stock (658) (14,374) — — — (15,032) Cash dividends ($0.20 per share) — — (15,566) — — (15,566) Total equity, December 31, 2024 $ 96,661 $ 394,394 $ 1,179,385 $ (450,460) $ 40,121 $ 1,260,101 Kennametal Shareholders’ Equity (in thousands, except per share amounts) Capital stock Additional paid-in capital Retained earnings Accumulated other comprehensive loss Non-controlling interests Total equity Balance as of September 30, 2023 $ 99,773 $ 453,385 $ 1,138,712 $ (431,512) $ 38,393 $ 1,298,751 Net income — — 23,108 — 1,220 24,328 Other comprehensive income — — — 30,191 668 30,859 Dividend reinvestment 2 43 — — — 45 Capital stock issued under employee benefit and stock plans (3) 80 4,979 — — — 5,059 Purchase of capital stock (784) (14,245) — — — (15,029) Cash dividends ($0.20 per share) — — (15,909) — — (15,909) Total equity, December 31, 2023 $ 99,071 $ 444,162 $ 1,145,911 $ (401,321) $ 40,281 $ 1,328,104 A summary of the changes in the carrying amounts of total equity, Kennametal Shareholders’ equity and equity attributable to noncontrolling interests for the six months ended December 31, 2024 and 2023 is as follows: Kennametal Shareholders’ Equity (in thousands, except per share amounts) Capital stock Additional paid-in capital Retained earnings Accumulated other comprehensive loss Non-controlling interests Total equity Balance as of June 30, 2024 $ 97,361 $ 416,620 $ 1,170,482 $ (434,588) $ 38,724 $ 1,288,599 Net income — — 40,051 — 2,452 42,503 Other comprehensive loss — — — (15,872) (1,055) (16,927) Dividend reinvestment 4 81 — — — 85 Capital stock issued under employee benefit and stock plans (3) 705 6,346 — — — 7,051 Purchase of capital stock (1,409) (28,653) — — — (30,062) Cash dividends ($0.40 per share) — — (31,148) — — (31,148) Total equity, December 31, 2024 $ 96,661 $ 394,394 $ 1,179,385 $ (450,460) $ 40,121 $ 1,260,101 Kennametal Shareholders’ Equity (in thousands, except per share amounts) Capital stock Additional paid-in capital Retained earnings Accumulated other comprehensive loss Non-controlling interests Total equity Balance as of June 30, 2023 $ 99,794 $ 465,406 $ 1,124,590 $ (414,343) $ 38,721 $ 1,314,168 Net income — — 53,165 — 1,532 54,697 Other comprehensive income — — — 13,022 28 13,050 Dividend reinvestment 5 85 — — — 90 Capital stock issued under employee benefit and stock plans (3) 689 6,008 — — — 6,697 Purchase of capital stock (1,417) (27,337) — — — (28,754) Cash dividends ($0.40 per share) — — (31,844) — — (31,844) Total equity, December 31, 2023 $ 99,071 $ 444,162 $ 1,145,911 $ (401,321) $ 40,281 $ 1,328,104 (3) Net of restricted stock units delivered upon vesting to satisfy tax withholding requirements. The amounts of comprehensive (loss) income attributable to Kennametal Shareholders and noncontrolling interests are disclosed in the condensed consolidated statements of comprehensive (loss) income.

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
	Dec. 31, 2024
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Components of, and changes in accumulated other comprehensive loss	The components of, and changes in, accumulated other comprehensive loss (AOCL) were as follows, net of tax, for the six months ended December 31, 2024: (in thousands) Pension and other postretirement benefits Currency translation adjustment Derivatives Total Attributable to Kennametal: Balance, June 30, 2024 $ (221,308) $ (216,263) $ 2,983 $ (434,588) Other comprehensive income (loss) before reclassifications 616 (20,905) 1,085 (19,204) Amounts reclassified from AOCL 3,724 — (392) 3,332 Net other comprehensive income (loss) 4,340 (20,905) 693 (15,872) AOCL, December 31, 2024 $ (216,968) $ (237,168) $ 3,676 $ (450,460) Attributable to noncontrolling interests: Balance, June 30, 2024 $ — $ (8,680) $ — $ (8,680) Other comprehensive loss before reclassifications — (1,055) — (1,055) Net other comprehensive loss — (1,055) — (1,055) AOCL, December 31, 2024 $ — $ (9,735) $ — $ (9,735) The components of, and changes in, AOCL were as follows, net of tax, for the six months ended December 31, 2023: (in thousands) Pension and other postretirement benefits Currency translation adjustment Derivatives Total Attributable to Kennametal: Balance, June 30, 2023 $ (215,435) $ (202,641) $ 3,733 $ (414,343) Other comprehensive (loss) income before reclassifications (235) 11,576 (59) 11,282 Amounts reclassified from AOCL 2,125 — (385) 1,740 Net other comprehensive income (loss) 1,890 11,576 (444) 13,022 AOCL, December 31, 2023 $ (213,545) $ (191,065) $ 3,289 $ (401,321) Attributable to noncontrolling interests: Balance, June 30, 2023 $ — $ (8,139) $ — $ (8,139) Other comprehensive income before reclassifications — 28 — 28 Net other comprehensive income — 28 — 28 AOCL, December 31, 2023 $ — $ (8,111) $ — $ (8,111)
Reclassification out of Accumulated Other Comprehensive Loss	Reclassifications out of AOCL for the three and six months ended December 31, 2024 and 2023 consisted of the following: Three Months Ended December 31, Six Months Ended December 31, (in thousands) 2024 2023 2024 2023 Affected line item in the Income Statement (Gain) loss on cash flow hedges: Forward starting interest rate swaps $ (255) $ (255) $ (511) $ (511) Interest expense Currency exchange contracts 31 — (8) — Cost of goods sold Total before tax (224) (255) (519) (511) Tax impact 55 63 127 126 Provision for income taxes Net of tax $ (169) $ (192) $ (392) $ (385) Pension and other postretirement benefits: Amortization of transition obligations $ — $ 19 $ — $ 38 Other (income) expense, net Amortization of prior service credit (65) (64) (132) (129) Other (income) expense, net Recognition of actuarial losses 2,141 1,463 4,280 2,943 Other (income) expense, net Settlement — — 836 — Other (income) expense, net Total before tax 2,076 1,418 4,984 2,852 Tax impact (537) (347) (1,260) (727) Provision for income taxes Net of tax $ 1,539 $ 1,071 $ 3,724 $ 2,125
Income Tax Allocated to Each Component of Other Comprehensive Income [Table Text Block]	The amount of income tax allocated to each component of other comprehensive (loss) income for the three months ended December 31, 2024 and 2023 were as follows: 2024 2023 (in thousands) Pre-tax Tax impact Net of tax Pre-tax Tax impact Net of tax Unrealized gain (loss) on derivatives designated and qualified as cash flow hedges $ 1,548 $ (379) $ 1,169 $ (78) $ 19 $ (59) Reclassification of unrealized gain on derivatives designated and qualified as cash flow hedges (224) 55 (169) (255) 63 (192) Unrecognized net pension and other postretirement benefit plans gain (loss) 4,313 (1,122) 3,191 (2,378) 626 (1,752) Reclassification of net pension and other postretirement benefit plans loss 2,076 (537) 1,539 1,418 (347) 1,071 Foreign currency translation adjustments (56,998) — (56,998) 31,681 110 31,791 Other comprehensive (loss) income $ (49,285) $ (1,983) $ (51,268) $ 30,388 $ 471 $ 30,859

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	6 Months Ended
	Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
The components of intangible assets	The components of our other intangible assets were as follows: Estimated December 31, 2024 June 30, 2024 (in thousands) Gross Carrying Accumulated Gross Carrying Accumulated Technology-based and other 4 to 20 $ 31,492 $ (24,626) $ 31,715 $ (24,476) Customer-related 10 to 21 178,883 (123,088) 179,529 (120,091) Unpatented technology 10 to 30 31,467 (27,968) 31,485 (27,130) Trademarks 5 to 20 22,677 (13,122) 23,044 (12,655) Total $ 264,519 $ (188,804) $ 265,773 $ (184,352)

Segment Data (Tables)

Segment Data (Tables)	6 Months Ended
	Dec. 31, 2024
Segment Reporting [Abstract]
Disaggregation of Revenue [Table Text Block]	The following table presents Kennametal's revenue disaggregated by geography: Three Months Ended December 31, 2024 December 31, 2023 (in percentages) Metal Cutting Infrastructure Total Kennametal Metal Cutting Infrastructure Total Kennametal Americas 44% 56% 49% 43% 57% 48% Europe, the Middle East and Africa (EMEA) 36 21 30 38 19 31 Asia Pacific 20 23 21 19 24 21 Six Months Ended December 31, 2024 December 31, 2023 (in percentages) Metal Cutting Infrastructure Total Kennametal Metal Cutting Infrastructure Total Kennametal Americas 45% 56% 49% 44% 58% 49% Europe, the Middle East and Africa (EMEA) 36 21 30 37 19 31 Asia Pacific 19 23 21 19 23 20 The following tables presents Kennametal's revenue disaggregated by end market: Three Months Ended December 31, 2024 (in percentages) Metal Cutting Infrastructure Total Kennametal General Engineering 54% 33% 46% Transportation 26 — 16 Aerospace & Defense 13 9 11 Energy 7 24 14 Earthworks — 34 13 Three Months Ended December 31, 2023 (in percentages) Metal Cutting Infrastructure Total Kennametal General Engineering 54% 34% 47% Transportation 27 — 17 Aerospace & Defense 12 6 10 Energy 7 23 13 Earthworks — 37 13 Six Months Ended December 31, 2024 (in percentages) Metal Cutting Infrastructure Total Kennametal General Engineering 54% 33% 46% Transportation 26 — 16 Aerospace & Defense 13 9 11 Energy 7 23 13 Earthworks — 35 14
Sales and operating income (loss) by segment and segment assets	Our sales and operating income by segment are as follows: Three Months Ended December 31, Six Months Ended December 31, (in thousands) 2024 2023 2024 2023 Sales: Metal Cutting $ 297,785 $ 311,445 $ 594,686 $ 619,675 Infrastructure 184,266 183,875 369,313 368,121 Total sales $ 482,051 $ 495,320 $ 963,999 $ 987,796 Operating income: Metal Cutting $ 16,586 $ 25,527 $ 40,408 $ 57,644 Infrastructure 15,612 3,236 28,347 16,880 Corporate (531) (284) (1,062) (927) Total operating income 31,667 28,479 67,693 73,597 Interest expense 6,180 6,847 12,493 13,447 Other income, net (1,477) (687) (3,136) (597) Income before income taxes $ 26,964 $ 22,319 $ 58,336 $ 60,747

Supplier Finance Program (Detai

Supplier Finance Program (Details) - USD ($) $ in Millions	Dec. 31, 2024	Jun. 30, 2024
Payables and Accruals [Abstract]
Supplier Finance Program, Obligation	$ 17.8	$ 26.1

Fair Value Measurements - Asset

Fair Value Measurements - Assets and Liabilities Measured on a Recurring Basis (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Jun. 30, 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives Assets	$ 1,476	$ 91
Total assets at fair value	1,476	91
Derivatives Liabilities	27	89
Total liabilities at fair value	27	89
Fair Value, Recurring [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives Assets	1,476	91
Total assets at fair value	1,476	91
Derivatives Liabilities	27	89
Total liabilities at fair value	$ 27	$ 89

Derivative Instruments and He_3

Derivative Instruments and Hedging Activities - Fair Value of Derivatives Designated and Not Designated as Hedging Instruments (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Jun. 30, 2024
Fair value of derivatives
Derivative, Fair Value, Net	$ 1,449	$ 2
Not Designated as Hedging Instrument [Member]
Fair value of derivatives
Derivative, Fair Value, Net	(23)	(41)
Designated as Hedging Instrument [Member]
Fair value of derivatives
Derivative, Fair Value, Net	1,472	43
Currency Forward Contracts [Member] | Not Designated as Hedging Instrument [Member] | Other Current Assets [Member]
Fair value of derivatives
Derivative assets designated as hedging instruments	4	48
Currency Forward Contracts [Member] | Not Designated as Hedging Instrument [Member] | Other Current Liabilities [Member]
Fair value of derivatives
Derivative liabilities designated as hedging instruments	(27)	(89)
Range Forward Contracts [Member] | Designated as Hedging Instrument [Member] | Other Current Assets [Member]
Fair value of derivatives
Derivative assets designated as hedging instruments	$ 1,472	$ 43

Derivative Instruments and He_4

Derivative Instruments and Hedging Activities - Gains and Losses Related to Derivatives Not Designated as Hedging Instruments and to Cash Flow Hedges (Details) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Net Investment Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) on Derivative Used in Net Investment Hedge, Net of Tax	$ 600,000	$ 300,000	$ 600,000	$ 300,000
Currency Forward Contracts [Member] | Other Nonoperating Income (Expense) [Member] | Not Designated as Hedging Instrument [Member]
Derivative Instruments, (Gain) Loss Recognized in Income, Net
Other income, net - currency forward contracts	$ 2,000	$ (93,000)	$ (12,000)	$ 29,000

Derivative Instruments and He_5

Derivative Instruments and Hedging Activities (Details Textual) € in Thousands, ¥ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2024 CNY (¥)	Dec. 31, 2024 EUR (€)	Jun. 30, 2024 USD ($)	Jun. 30, 2024 CNY (¥)
Derivatives, Fair Value [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing, Net	$ 0
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, after Tax	1,169,000	$ (59,000)	$ 1,085,000	$ (59,000)
Net Investment Hedging [Member]
Derivatives, Fair Value [Line Items]
Derivative, Amount of Hedged Item					¥ 391,700	€ 50,700		¥ 279,700
Range Forward Contracts [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	35,300,000		35,300,000				$ 6,400,000
Net Investment Hedge Maturing February of 2025
Derivatives, Fair Value [Line Items]
Derivative Asset, Notional Amount	15,294,000,000		15,294,000,000		111,632,000
Net Investment Hedge Maturing April of 2025
Derivatives, Fair Value [Line Items]
Derivative Asset, Notional Amount	8,097,000,000		8,097,000,000		59,105,000
Net Investment Hedge Maturing August of 2025
Derivatives, Fair Value [Line Items]
Derivative Asset, Notional Amount	12,776,000,000		12,776,000,000		93,252,000
Net Investment Hedge Maturing October of 2025
Derivatives, Fair Value [Line Items]
Derivative Asset, Notional Amount	17,499,000,000		17,499,000,000		¥ 127,730,000
Net Investment Hedge Maturing June of 2025
Derivatives, Fair Value [Line Items]
Derivative Asset, Notional Amount	7,366,000,000		7,366,000,000			7,093,000
Net Investment Hedge Maturing June of 2025 2
Derivatives, Fair Value [Line Items]
Derivative Asset, Notional Amount	12,999,000,000		12,999,000,000			12,515,000
Net Investment Hedge Maturing June of 2025 3
Derivatives, Fair Value [Line Items]
Derivative Asset, Notional Amount	14,603,000,000		14,603,000,000			14,060,000
Net Investment Hedge Maturing June of 2025 4
Derivatives, Fair Value [Line Items]
Derivative Asset, Notional Amount	17,675,000,000		17,675,000,000			€ 17,018,000
Net Investment Hedging [Member]
Derivatives, Fair Value [Line Items]
Gain (Loss) on Derivative Used in Net Investment Hedge, Net of Tax	600,000	300,000	600,000	300,000
Cash Flow Hedging [Member] | Range Forward Contracts [Member]
Derivatives, Fair Value [Line Items]
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, after Tax	$ 1,169,000	$ (59,000)	$ 1,085,000	$ (59,000)

Restructuring and Related Cha_2

Restructuring and Related Charges - Restructuring Accrual (Details) $ in Thousands	6 Months Ended
	Dec. 31, 2024 USD ($)
Restructuring Reserve [Abstract]
Beginning Balance	$ 10,799
Restructuring Charges	1,946
Translation	(158)
Cash Expenditures	(4,158)
Ending Balance	8,429
Severance [Member]
Restructuring Reserve [Abstract]
Beginning Balance	10,799
Restructuring Charges	1,946
Translation	(158)
Cash Expenditures	(4,158)
Ending Balance	$ 8,429

Restructuring and Related Cha_3

Restructuring and Related Charges - Narrative (Details) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023	Jun. 30, 2024
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	$ 8,429,000		$ 8,429,000		$ 10,799,000
Restructuring and Related Cost, Incurred Cost	1,400,000	$ 1,000,000	2,000,000	$ 4,700,000
Restructuring Charges			1,946,000
Gain (Loss) on Sale of Properties				600,000
Infrastructure [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Incurred Cost	200,000	300,000	200,000	1,500,000
Metal Cutting
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Incurred Cost	1,200,000	$ 700,000	1,800,000	$ 3,200,000
FY24 Restructuring Actions | Infrastructure [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	5,500,000		5,500,000
FY24 Restructuring Actions | Metal Cutting
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	16,600,000		16,600,000
FY24 Restructuring Actions-Target
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	25		25
FY25 Restructuring Actions-Actual
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	22,000,000		22,000,000
FY27 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost	25,000,000		25,000,000
FY27 Restructuring Plan -Severance Cash Expenditures
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost	10,000,000		10,000,000
FY27 Restructuring Plan- Non-Cash Facilities Charges
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost	5,000,000		5,000,000
FY27 Restructuring Plan-Cash Related Facilities Charges
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost	10,000,000		10,000,000
Other Current Liabilities [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	5,700,000		5,700,000		8,400,000
Other Liabilities [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	$ 2,800,000		$ 2,800,000		$ 2,400,000

Stock-Based Compensation - Chan

Stock-Based Compensation - Changes in Stock Options (Details)	6 Months Ended
	Dec. 31, 2024 USD ($) $ / shares shares
Changes in stock options
Options outstanding, Beginning | shares	165,310
Options, Exercised | shares	0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures and Expirations in Period | shares	(63,363)
Options outstanding, Ending | shares	101,947
Options vested and expected to vest, Ending | shares	101,947
Options exercisable, Ending | shares	101,947
Weighted Average Exercise Price, Options outstanding, Beginning | $ / shares	$ 34.78
Weighted Average Exercise Price, Exercised | $ / shares	0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures and Expirations in Period, Weighted Average Exercise Price | $ / shares	42.13
Weighted Average Exercise Price, Options outstanding, Ending | $ / shares	30.20
Weighted Average Exercise Price, Option vested and expected to vest, September 30, 2022 | $ / shares	30.20
Weighted Average Exercise Price, Options exercisable, Ending | $ / shares	$ 30.20
Weighted Average Remaining Life, Options exercisable, Ending	8 months 12 days
Aggregate Intrinsic value, Options outstanding, Ending | $	$ 44,000
Aggregate Intrinsic Value, Options vested and expected to vest, Ending | $	44,000
Aggregate Intrinsic Value, Options exercisable, Ending | $	$ 44,000

Stock-Based Compensation - Ch_2

Stock-Based Compensation - Changes in Restricted Stock Units (Details)	6 Months Ended
	Dec. 31, 2024 $ / shares shares
Restricted Stock Units - Performance Vesting [Member]
Changes in restricted stock awards
Unvested restricted stock awards, Beginning | shares	552,461
Granted, Shares | shares	303,546
Vested, Shares | shares	(112,598)
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Forfeitures and Expirations | shares	(107,780)
Forfeited, Shares | shares	(33,631)
Unvested restricted stock awards, Ending | shares	601,998
Weighted Average Fair Value, Unvested restricted stock awards, Beginning | $ / shares	$ 28.73
Weighted Average Fair Value, Granted | $ / shares	25.15
Weighted Average Fair Value, Vested | $ / shares	36.72
Share-based Compensation Arrangements by Share-based Payment Award, Options, Other Share Increase (Decrease) in Period, Weighted Average Exercise Price | $ / shares	32.98
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value | $ / shares	26.13
Weighted Average Fair Value, Unvested restricted stock awards, Ending | $ / shares	$ 24.81
Restricted Stock Units - Time Vesting [Member]
Changes in restricted stock awards
Unvested restricted stock awards, Beginning | shares	1,122,569
Granted, Shares | shares	735,220
Vested, Shares | shares	(512,196)
Performance metric adjustments, net, Shares | shares	0
Forfeited, Shares | shares	(57,508)
Unvested restricted stock awards, Ending | shares	1,288,085
Weighted Average Fair Value, Unvested restricted stock awards, Beginning | $ / shares	$ 27.36
Weighted Average Fair Value, Granted | $ / shares	25.10
Weighted Average Fair Value, Vested | $ / shares	28.69
Weighted Average Fair Value, Performance Metric Not Achieved | $ / shares	0
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value | $ / shares	25.83
Weighted Average Fair Value, Unvested restricted stock awards, Ending | $ / shares	$ 25.61

Stock-Based Compensation (Detai

Stock-Based Compensation (Details Textual) - USD ($) $ in Millions	6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Stock Option [Member]
Stock-Based Compensation (Textual) [Abstract]
Unrecognized compensation cost	$ 0
Total Intrinsic value of options exercised	0
Proceeds from Stock Options Exercised	0
Restricted Stock Units (RSUs) [Member]
Stock-Based Compensation (Textual) [Abstract]
Compensation expense related to time vesting and performance vesting restricted stock units	12.3	$ 14
Unrecognized compensation cost	$ 31.6
Unrecognized compensation costs, weighted average period	1 year 10 months 24 days

Pension and Other Postretirem_3

Pension and Other Postretirement Benefits - Components of Net Periodic Pension Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Net periodic pension income
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement				$ 0
Pension plans contribution [Member]
Net periodic pension income
Service cost	$ 229	$ 293	$ 457	590
Interest cost	8,514	8,857	17,019	17,764
Expected return on plan assets	(10,673)	(11,125)	(21,335)	(22,286)
Amortization of transition obligation	0	19	0	38
Amortization of prior service cost (credit)	(2)	(1)	(5)	(2)
Recognition of actuarial losses	2,107	1,428	4,210	2,872
Net periodic pension income	$ 175	$ 529	(1,182)	1,024
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement			$ 836	$ 0

Pension and Other Postretirem_4

Pension and Other Postretirement Benefits - Components of Net Periodic Other Postretirement Benefit Cost (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Net periodic other postretirement benefit costs
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement				$ 0
Defined Benefit Plan, Description	0.8 million
Other postretirement benefit plans [Member]
Net periodic other postretirement benefit costs
Interest cost	$ 98	$ 106	$ 196	212
Amortization of prior service credit	(63)	(63)	(127)	(127)
Recognition of actuarial loss	34	35	70	71
Net periodic other postretirement benefit cost	$ 69	$ 78	$ 139	$ 156

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Jun. 30, 2024
Inventories
Finished goods	$ 312,511	$ 310,965
Work in process and powder blends	228,177	216,203
Raw materials	88,077	77,050
Inventories at current cost	628,765	604,218
Less: LIFO valuation	(92,131)	(89,586)
Total inventories	$ 536,634	$ 514,632
Inventories (Textual) [Abstract]
Percentage of inventories valued by using LIFO method	34%	33%

Long-Term Debt (Details)

Long-Term Debt (Details) - USD ($)	Dec. 31, 2024	Jun. 30, 2024	Jun. 14, 2022
Long-Term Debt (Additional Textual) [Abstract]
Fixed rate at fair market value	$ 554,500,000	$ 545,900,000
Notes Payable	1,400,000	1,400,000
2018 Credit Agreement [Member]
Long-Term Debt (Textual) [Abstract]
Line of Credit Facility, Remaining Borrowing Capacity	700,000,000
Borrowing outstanding under 2018 Credit Agreement	0	$ 0
Line of Credit Facility, Maximum Borrowing Capacity			$ 700,000,000
Line of Credit [Member]
Long-Term Debt (Textual) [Abstract]
Net Debt to EBITDA Ratio, Maximum	3.75
Net Debt to EBITDA Ratio, domestic cash allowed to net debt, amount, minimum	$ 25,000,000

Environmental Matters (Details)

Environmental Matters (Details) - USD ($) $ in Millions	Dec. 31, 2024	Jun. 30, 2024
Environmental Remediation Obligations [Abstract]
Reserves for Environmental Costs	$ 10.8	$ 11
Accrued Environmental Loss Contingencies, Current	$ 1.4	$ 1.6

Income Taxes (Details)

Income Taxes (Details) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Income Taxes - Additional Information [Line Items]
Unrecognized Tax Benefits	$ 6,200,000		$ 6,200,000
Litigation Settlement [Abstract]
Litigation Settlement, Expense			2,900,000
Provision for income taxes	7,927,000	$ (2,009,000)	$ 15,833,000	$ 6,050,000
Tax Adjustments, Settlements, and Unusual Provisions				$ 1,400,000
Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Amount	$ 7,800,000
Income Tax (Textual) [Abstract]
Effective tax rate	29.40%	(9.00%)	27.10%	10%

Earnings Per Shares (Details)

Earnings Per Shares (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Weighted Average Number of Shares Outstanding, Basic	77,724	79,700	77,896	79,863
Earnings Per Share (Textual) [Abstract]
Increase in weighted average shares due to dilutive effect of unexercised capital stock options and unvested restricted stock units	655	414	599	532
Weighted Average Number of Shares Outstanding, Diluted	78,379	80,114	78,495	80,395
Unexercised capital stock options and restricted stock units excluded from computation of diluted EPS	96	588	168	472

Equity (Details)

Equity (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Beginning Balance	$ 1,317,963	$ 1,298,751	$ 1,288,599	$ 1,314,168
Net income	19,037	24,328	42,503	54,697
Other comprehensive income (loss)	(51,268)	30,859	(16,927)	13,050
Dividend reinvestment	42	45	85	90
Capital stock issued under employee benefit and stock plans	4,925	5,059	7,051	6,697
Purchase of capital stock	(15,032)	(15,029)	(30,062)	(28,754)
Cash dividends	(15,566)	(15,909)	(31,148)	(31,844)
Ending Balance	$ 1,260,101	$ 1,328,104	$ 1,260,101	$ 1,328,104
Dividends per share	$ 0.20	$ 0.20	$ 0.4	$ 0.4
Capital stock [Member]
Beginning Balance	$ 97,145	$ 99,773	$ 97,361	$ 99,794
Dividend reinvestment	2	2	4	5
Capital stock issued under employee benefit and stock plans	172	80	705	689
Purchase of capital stock	(658)	(784)	(1,409)	(1,417)
Ending Balance	96,661	99,071	96,661	99,071
Additional paid-in capital [Member]
Beginning Balance	403,975	453,385	416,620	465,406
Dividend reinvestment	40	43	81	85
Capital stock issued under employee benefit and stock plans	4,753	4,979	6,346	6,008
Purchase of capital stock	(14,374)	(14,245)	(28,653)	(27,337)
Ending Balance	394,394	444,162	394,394	444,162
Retained earnings [Member]
Beginning Balance	1,177,023	1,138,712	1,170,482	1,124,590
Net income	17,928	23,108	40,051	53,165
Cash dividends	(15,566)	(15,909)	(31,148)	(31,844)
Ending Balance	1,179,385	1,145,911	1,179,385	1,145,911
Accumulated other comprehensive loss [Member]
Beginning Balance	(400,970)	(431,512)	(434,588)	(414,343)
Other comprehensive income (loss)	(49,490)	30,191	(15,872)	13,022
Ending Balance	(450,460)	(401,321)	(450,460)	(401,321)
Non-controlling interest [Member]
Beginning Balance	40,790	38,393	38,724	38,721
Net income	1,109	1,220	2,452	1,532
Other comprehensive income (loss)	(1,778)	668	(1,055)	28
Ending Balance	$ 40,121	$ 40,281	$ 40,121	$ 40,281

Equity details textual (Details

Equity details textual (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023	Sep. 30, 2024	Jun. 30, 2024	Sep. 30, 2023	Jun. 30, 2023
Equity [Abstract]
Dividends per share	$ 0.20	$ 0.20	$ 0.4	$ 0.4
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$ 1,260,101	$ 1,328,104	$ 1,260,101	$ 1,328,104	$ 1,317,963	$ 1,288,599	$ 1,298,751	$ 1,314,168
Net income	19,037	24,328	42,503	54,697
Other comprehensive income (loss), net of tax	(51,268)	30,859	(16,927)	13,050
Stock Issued During Period, Value, Dividend Reinvestment Plan	42	45	85	90
Stock Issued During Period, Value, Employee Benefit Plan	4,925	5,059	7,051	6,697
Stock Repurchased During Period, Value	(15,032)	(15,029)	(30,062)	(28,754)
Dividends, Common Stock, Cash	(15,566)	(15,909)	(31,148)	(31,844)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	1,260,101	1,328,104	1,260,101	1,328,104	1,317,963	1,288,599	1,298,751	1,314,168
Net income	19,037	24,328	42,503	54,697
Other comprehensive income (loss), net of tax	(51,268)	30,859	(16,927)	13,050
Stock Issued During Period, Value, Dividend Reinvestment Plan	42	45	85	90
Stock Issued During Period, Value, Employee Benefit Plan	4,925	5,059	7,051	6,697
Stock Repurchased During Period, Value	15,032	15,029	30,062	28,754
Dividends, Common Stock, Cash	$ 15,566	$ 15,909	$ 31,148	$ 31,844
Dividends per share	$ 0.20	$ 0.20	$ 0.4	$ 0.4
Common Stock [Member]
Equity [Abstract]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$ 96,661	$ 99,071	$ 96,661	$ 99,071	97,145	97,361	99,773	99,794
Stock Issued During Period, Value, Dividend Reinvestment Plan	2	2	4	5
Stock Issued During Period, Value, Employee Benefit Plan	172	80	705	689
Stock Repurchased During Period, Value	(658)	(784)	(1,409)	(1,417)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	96,661	99,071	96,661	99,071	97,145	97,361	99,773	99,794
Stock Issued During Period, Value, Dividend Reinvestment Plan	2	2	4	5
Stock Issued During Period, Value, Employee Benefit Plan	172	80	705	689
Stock Repurchased During Period, Value	658	784	1,409	1,417
Additional Paid-in Capital [Member]
Equity [Abstract]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	394,394	444,162	394,394	444,162	403,975	416,620	453,385	465,406
Stock Issued During Period, Value, Dividend Reinvestment Plan	40	43	81	85
Stock Issued During Period, Value, Employee Benefit Plan	4,753	4,979	6,346	6,008
Stock Repurchased During Period, Value	(14,374)	(14,245)	(28,653)	(27,337)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	394,394	444,162	394,394	444,162	403,975	416,620	453,385	465,406
Stock Issued During Period, Value, Dividend Reinvestment Plan	40	43	81	85
Stock Issued During Period, Value, Employee Benefit Plan	4,753	4,979	6,346	6,008
Stock Repurchased During Period, Value	14,374	14,245	28,653	27,337
Retained Earnings [Member]
Equity [Abstract]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	1,179,385	1,145,911	1,179,385	1,145,911	1,177,023	1,170,482	1,138,712	1,124,590
Net income	17,928	23,108	40,051	53,165
Dividends, Common Stock, Cash	(15,566)	(15,909)	(31,148)	(31,844)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	1,179,385	1,145,911	1,179,385	1,145,911	1,177,023	1,170,482	1,138,712	1,124,590
Net income	17,928	23,108	40,051	53,165
Dividends, Common Stock, Cash	15,566	15,909	31,148	31,844
AOCI Attributable to Parent [Member]
Equity [Abstract]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	(450,460)	(401,321)	(450,460)	(401,321)	(400,970)	(434,588)	(431,512)	(414,343)
Other comprehensive income (loss), net of tax	(49,490)	30,191	(15,872)	13,022
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	(450,460)	(401,321)	(450,460)	(401,321)	(400,970)	(434,588)	(431,512)	(414,343)
Other comprehensive income (loss), net of tax	(49,490)	30,191	(15,872)	13,022
Noncontrolling Interest [Member]
Equity [Abstract]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	40,121	40,281	40,121	40,281	40,790	38,724	38,393	38,721
Net income	1,109	1,220	2,452	1,532
Other comprehensive income (loss), net of tax	(1,778)	668	(1,055)	28
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	40,121	40,281	40,121	40,281	$ 40,790	$ 38,724	$ 38,393	$ 38,721
Net income	1,109	1,220	2,452	1,532
Other comprehensive income (loss), net of tax	$ (1,778)	$ 668	$ (1,055)	$ 28

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss - Components of and Changes in Accumulated Other Comprehensive (Loss) Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Accumulated Other Comprehensive (Loss) Income [Line Items]
Accumulated Other Comprehensive Loss, Net of Tax			$ (434,588)	$ (414,343)
Other comprehensive (loss) income before reclassifications			(19,204)	11,282
Amounts reclassified from accumulated other comprehensive loss			3,332	1,740
Net current period other comprehensive (loss) income			(15,872)	13,022
Accumulated Other Comprehensive Loss, Net of Tax	$ (450,460)	$ (401,321)	(450,460)	(401,321)
Accumulated Defined Benefit Plans Adjustment [Member]
Accumulated Other Comprehensive (Loss) Income [Line Items]
Accumulated Other Comprehensive Loss, Net of Tax			(221,308)	(215,435)
Other comprehensive (loss) income before reclassifications			616	(235)
Amounts reclassified from accumulated other comprehensive loss			3,724	2,125
Net current period other comprehensive (loss) income			4,340	1,890
Accumulated Other Comprehensive Loss, Net of Tax	(216,968)	(213,545)	(216,968)	(213,545)
Accumulated Currency Translation Adjustment [Member]
Accumulated Other Comprehensive (Loss) Income [Line Items]
Accumulated Other Comprehensive Loss, Net of Tax			(216,263)	(202,641)
Other comprehensive (loss) income before reclassifications			(20,905)	11,576
Amounts reclassified from accumulated other comprehensive loss			0	0
Net current period other comprehensive (loss) income			(20,905)	11,576
Accumulated Other Comprehensive Loss, Net of Tax	(237,168)	(191,065)	(237,168)	(191,065)
Accumulated Net (Loss) Gain from Designated or Qualifying Cash Flow Hedges [Member]
Accumulated Other Comprehensive (Loss) Income [Line Items]
Accumulated Other Comprehensive Loss, Net of Tax			2,983	3,733
Other comprehensive (loss) income before reclassifications			1,085	(59)
Amounts reclassified from accumulated other comprehensive loss			(392)	(385)
Net current period other comprehensive (loss) income			693	(444)
Accumulated Other Comprehensive Loss, Net of Tax	3,676	3,289	3,676	3,289
Noncontrolling Interest [Member]
Accumulated Other Comprehensive (Loss) Income [Line Items]
Accumulated Other Comprehensive Loss, Net of Tax			(8,680)	(8,139)
Other comprehensive (loss) income before reclassifications			(1,055)	28
Net current period other comprehensive (loss) income			(1,055)	28
Accumulated Other Comprehensive Loss, Net of Tax	(9,735)	(8,111)	(9,735)	(8,111)
Reclassification out of Accumulated Other Comprehensive Loss [Member] | Accumulated Defined Benefit Plans Adjustment [Member]
Accumulated Other Comprehensive (Loss) Income [Line Items]
Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest	(2,076)	(1,418)	(4,984)	(2,852)
Reclassification out of Accumulated Other Comprehensive Loss [Member] | Accumulated Net (Loss) Gain from Designated or Qualifying Cash Flow Hedges [Member]
Accumulated Other Comprehensive (Loss) Income [Line Items]
Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest	$ (224)	$ (255)	$ (519)	$ (511)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Loss - Reclassifications (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Reclassification Adjustment out of Accumulated Other Comprehensive Loss [Line Items]
Currency exchange contracts	$ 1,477	$ 687	$ 3,136	$ 597
Recognition of actuarial losses	(2,076)	(1,418)	(4,984)	(2,852)
Provision for income taxes	7,927	(2,009)	15,833	6,050
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, before Tax	224	255	519	511
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, Tax	55	63	127	126
Reclassification of unrealized gain on derivatives designated and qualified as cash flow hedges	(169)	(192)	(392)	(385)
Unrecognized net pension and other postretirement benefit (loss) gain, before tax	4,313	(2,378)	844	(331)
Unrecognized net pension and other postretirement benefit (loss) gain, tax	1,122	(626)	228	(96)
Unrecognized net pension and other postretirement benefit plans gain	3,191	(1,752)	616	(235)
Reclassification of net pension and other postretirement benefit loss, tax	(537)	(347)	(1,260)	(727)
Reclassification of net pension and other postretirement benefit loss	1,539	1,071	3,724	2,125
Foreign currency translation adjustments, before tax	(56,998)	31,681	(21,960)	11,494
Foreign currency translation adjustments, tax	0	(110)	0	(110)
Foreign currency translation adjustments	(56,998)	31,791	(21,960)	11,604
Other comprehensive income (loss), before tax	(49,285)	30,388	(15,214)	13,426
Other comprehensive income (loss), tax	(1,983)	471	(1,713)	(376)
Other comprehensive income (loss), net of tax	(51,268)	30,859	(16,927)	13,050
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification and Tax	1,548	(78)	1,437	(78)
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, Tax	379	(19)	352	(19)
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, after Tax	1,169	(59)	1,085	(59)
Reclassification out of Accumulated Other Comprehensive Loss [Member] | Accumulated Net (Loss) Gain from Designated or Qualifying Cash Flow Hedges [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Loss [Line Items]
Total before tax	224	255	519	511
Net of tax	(169)	(192)	(392)	385
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, Tax	55	63	127	126
Reclassification out of Accumulated Other Comprehensive Loss [Member] | Accumulated Defined Benefit Plans Adjustment [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Loss [Line Items]
Amortization of transition obligations	0	19	0
Amortization of prior service credit	(65)	(64)	(132)	(129)
Recognition of actuarial losses	2,141	1,463	4,280	2,943
Total before tax	2,076	1,418	4,984	2,852
Provision for income taxes	(537)	(347)	(1,260)	(727)
Net of tax	(1,539)	(1,071)	(3,724)	(2,125)
Reclassification out of Accumulated Other Comprehensive Loss [Member] | Forward Starting Interest Rate Swap Contracts [Member] | Accumulated Net (Loss) Gain from Designated or Qualifying Cash Flow Hedges [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Loss [Line Items]
Forward starting interest rate swaps	(255)	(255)	511	511
Reclassification out of Accumulated Other Comprehensive Loss [Member] | Currency Forward Contracts [Member] | Accumulated Net (Loss) Gain from Designated or Qualifying Cash Flow Hedges [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Loss [Line Items]
Currency exchange contracts	$ 31	$ 0	$ (8)	$ 0

Accumulated Other Comprehensi_5

Accumulated Other Comprehensive Loss Other Comprehensive Income - Income Tax Allocated to Each Component (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Other Comprehensive Income - Income Tax Allocated to Each Component [Abstract]
Unrecognized net pension and other postretirement benefit (loss) gain, before tax	$ 4,313	$ (2,378)	$ 844	$ (331)
Unrecognized net pension and other postretirement benefit (loss) gain, tax	(1,122)	626	(228)	96
Unrecognized net pension and other postretirement benefit (loss) gain, net of tax	3,191	(1,752)	616	(235)
Reclassification of net pension and other postretirement benefit loss, before tax	2,076	1,418	4,984	2,852
Reclassification of net pension and other postretirement benefit loss, tax	(537)	(347)	(1,260)	(727)
Reclassification of net pension and other postretirement benefit loss	1,539	1,071	3,724	2,125
Foreign currency translation adjustments, before tax	(56,998)	31,681	(21,960)	11,494
Foreign currency translation adjustments, tax	0	110	0	110
Foreign currency translation adjustments, net of tax	(56,998)	31,791	(21,960)	11,604
Other comprehensive income (loss), before tax	(49,285)	30,388	(15,214)	13,426
Other comprehensive income (loss), tax	(1,983)	471	(1,713)	(376)
Other comprehensive income (loss), net of tax	(51,268)	30,859	(16,927)	13,050
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, Tax	55	63	127	126
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, before Tax	(224)	(255)	(519)	(511)
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, after Tax	169	192	392	385
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification and Tax	1,548	(78)	1,437	(78)
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, after Tax	1,169	(59)	1,085	(59)
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, Tax	$ (379)	$ 19	$ (352)	$ 19

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Carrying Amount of Goodwill Attributable to Each Segment (Details) - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2024	Jun. 30, 2024
Goodwill [Roll Forward]
Gross goodwill	$ 1,079,668	$ 1,082,439
Accumulated impairment losses	(810,872)	(810,872)
Goodwill, Beginning Balance	271,567
Change in gross goodwill due to translation	(2,771)
Goodwill, Ending Balance	268,796
Infrastructure [Member]
Goodwill [Roll Forward]
Gross goodwill	633,211	633,211
Accumulated impairment losses	(633,211)	(633,211)
Goodwill, Beginning Balance	0
Change in gross goodwill due to translation	0
Goodwill, Ending Balance	0
Metal Cutting
Goodwill [Roll Forward]
Gross goodwill	446,457	449,228
Accumulated impairment losses	(177,661)	$ (177,661)
Goodwill, Beginning Balance	271,567
Change in gross goodwill due to translation	(2,771)
Goodwill, Ending Balance	$ 268,796

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Components of Other Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Jun. 30, 2024
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Accumulated Amortization	$ 188,804	$ 184,352
Intangible Assets, Gross (Excluding Goodwill)	264,519	265,773
Technology-based and other [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	31,492	31,715
Finite-Lived Intangible Assets, Accumulated Amortization	24,626	24,476
Customer-related [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	178,883	179,529
Finite-Lived Intangible Assets, Accumulated Amortization	123,088	120,091
Unpatented technology [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	31,467	31,485
Finite-Lived Intangible Assets, Accumulated Amortization	27,968	27,130
Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	22,677	23,044
Finite-Lived Intangible Assets, Accumulated Amortization	$ 13,122	$ 12,655
Minimum [Member] | Technology-based and other [Member]
Finite-Lived Intangible Assets [Line Items]
Useful life related to technology-based intangible assets	4 years
Minimum [Member] | Customer-related [Member]
Finite-Lived Intangible Assets [Line Items]
Useful life related to technology-based intangible assets	10 years
Minimum [Member] | Unpatented technology [Member]
Finite-Lived Intangible Assets [Line Items]
Useful life related to technology-based intangible assets	10 years
Minimum [Member] | Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Useful life related to technology-based intangible assets	5 years
Maximum [Member] | Technology-based and other [Member]
Finite-Lived Intangible Assets [Line Items]
Useful life related to technology-based intangible assets	20 years
Maximum [Member] | Customer-related [Member]
Finite-Lived Intangible Assets [Line Items]
Useful life related to technology-based intangible assets	21 years
Maximum [Member] | Unpatented technology [Member]
Finite-Lived Intangible Assets [Line Items]
Useful life related to technology-based intangible assets	30 years
Maximum [Member] | Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Useful life related to technology-based intangible assets	20 years

Commitment and Contingencies (D

Commitment and Contingencies (Details)	6 Months Ended
	Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Loss Contingency, Damages Sought	330 million

Segment Data - Sales and Operat

Segment Data - Sales and Operating (Loss) Income by Segment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023	Jun. 30, 2024
Segment Reporting Information [Line Items]
Assets	$ 2,435,805		$ 2,435,805		$ 2,503,758
External sales:
Sales	482,051	$ 495,320	963,999	$ 987,796
Operating (income) loss:
Total operating income	31,667	28,479	67,693	73,597
Interest expense	6,180	6,847	12,493	13,447
Other expense, net	(1,477)	(687)	(3,136)	(597)
Income before income taxes	26,964	22,319	58,336	60,747
Infrastructure [Member]
External sales:
Sales	184,266	183,875	369,313	368,121
Operating (income) loss:
Total operating income	(15,612)	(3,236)	(28,347)	(16,880)
Corporate [Member]
Operating (income) loss:
Total operating income	531	284	1,062	927
Metal Cutting
External sales:
Sales	297,785	311,445	594,686	619,675
Operating (income) loss:
Total operating income	$ (16,586)	$ (25,527)	$ (40,408)	$ (57,644)

Segment Data Disaggregation of

Segment Data Disaggregation of Revenue (Details)	3 Months Ended		6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
General Engineering [Member]
Disaggregation of Revenue [Line Items]
Revenues, percent	46%	47%	46%	47%
Transportation [Member]
Disaggregation of Revenue [Line Items]
Revenues, percent	16%	17%	16%	17%
Aerospace [Member]
Disaggregation of Revenue [Line Items]
Revenues, percent	11%	10%	11%	9%
Energy [Member]
Disaggregation of Revenue [Line Items]
Revenues, percent	14%	13%	13%	13%
Earthworks [Member]
Disaggregation of Revenue [Line Items]
Revenues, percent	13%	13%	14%	14%
Americas [Member]
Disaggregation of Revenue [Line Items]
Revenues, percent	49%	48%	49%	49%
EMEA [Member]
Disaggregation of Revenue [Line Items]
Revenues, percent	30%	31%	30%	31%
Asia Pacific [Member]
Disaggregation of Revenue [Line Items]
Revenues, percent	21%	21%	21%	20%
Infrastructure [Member] | General Engineering [Member]
Disaggregation of Revenue [Line Items]
Revenues, percent	33%	34%	33%	34%
Infrastructure [Member] | Transportation [Member]
Disaggregation of Revenue [Line Items]
Revenues, percent	0%	0%	0%	0%
Infrastructure [Member] | Aerospace [Member]
Disaggregation of Revenue [Line Items]
Revenues, percent	9%	6%	9%	6%
Infrastructure [Member] | Energy [Member]
Disaggregation of Revenue [Line Items]
Revenues, percent	24%	23%	23%	23%
Infrastructure [Member] | Earthworks [Member]
Disaggregation of Revenue [Line Items]
Revenues, percent	34%	37%	35%	37%
Infrastructure [Member] | Americas [Member]
Disaggregation of Revenue [Line Items]
Revenues, percent	56%	57%	56%	58%
Infrastructure [Member] | EMEA [Member]
Disaggregation of Revenue [Line Items]
Revenues, percent	21%	19%	21%	19%
Infrastructure [Member] | Asia Pacific [Member]
Disaggregation of Revenue [Line Items]
Revenues, percent	23%	24%	23%	23%
Metal Cutting | General Engineering [Member]
Disaggregation of Revenue [Line Items]
Revenues, percent	54%	54%	54%	54%
Metal Cutting | Transportation [Member]
Disaggregation of Revenue [Line Items]
Revenues, percent	26%	27%	26%	27%
Metal Cutting | Aerospace [Member]
Disaggregation of Revenue [Line Items]
Revenues, percent	13%	12%	13%	12%
Metal Cutting | Energy [Member]
Disaggregation of Revenue [Line Items]
Revenues, percent	7%	7%	7%	7%
Metal Cutting | Earthworks [Member]
Disaggregation of Revenue [Line Items]
Revenues, percent	0%	0%	0%	0%
Metal Cutting | Americas [Member]
Disaggregation of Revenue [Line Items]
Revenues, percent	44%	43%	45%	44%
Metal Cutting | EMEA [Member]
Disaggregation of Revenue [Line Items]
Revenues, percent	36%	38%	36%	37%
Metal Cutting | Asia Pacific [Member]
Disaggregation of Revenue [Line Items]
Revenues, percent	20%	19%	19%	19%