Kennametal Inc (NYSE: KMT) is an industrial tooling and materials company that manufactures tungsten carbide cutting tools, wear components, and metallurgical powders for metal cutting and extreme wear applications. Revenue comes from transactional product sales across two segments: Metal Cutting, which generated $1.22B in FY2025, and Infrastructure, which generated $747M in FY2025, for total sales of $1.97B. The company sells under the Kennametal brand through a direct sales force and distributors into aerospace and defense, transportation, energy, general engineering, and earthworks end markets. Key product lines include metal cutting inserts, toolholders, round tools, earth-cutting tools, carbide powders, and wear-resistant components for oil and gas, mining, and road construction. As of June 30, 2025, Kennametal employed 8,124 people across manufacturing and distribution facilities in the United States, Western Europe, China, India, and other international markets, with 60% of FY2025 consolidated sales generated outside the U.S.

Revenue model

Transactional product sales of standard and custom tooling, wear components, and metallurgical powders. Metal Cutting segment: $1.22B FY2025. Infrastructure segment: $747M FY2025. Products sold direct and through distributors.

Products and services

Metal cutting inserts, toolholders, carbide round tools, turning and milling tools, hole-making systems. Earth-cutting tools for underground mining, trenching, and road milling. Tungsten carbide and ceramic wear components including compacts, nozzles, frac seats, rod blanks, and abrasive water jet nozzles. Metallurgical powders including tungsten carbide powders. High-temperature wear components, tungsten penetrators, and armor solutions for aerospace and defense. Ceramics for film and paper metallization. Products manufactured via conventional and 3D printing processes.

Customers and end markets

End users include manufacturers in transportation, aerospace and defense, oil and gas, power generation, mining, road construction, quarrying, and general engineering. FY2025 end market sales growth (constant currency): Aerospace and Defense +6%, Energy flat, General Engineering -4%, Transportation -4%, Earthworks -7. No single customer concentration disclosed in the filing excerpts.

Value-chain role

Upstream material science and manufacturing: processes tungsten concentrate into carbide powders and finished tooling components. Sells finished precision tools and wear parts directly to industrial manufacturers and through distribution. Core expertise in tungsten carbides, ceramics, and super-hard materials.

Geographic exposure

60% of FY2025 consolidated sales outside the United States. Principal international operations in Western Europe, China, India, and other markets. Americas regional sales declined 4% (as reported) in FY2025. EMEA declined 4%. Asia Pacific declined 2%. Manufacturing locations include the U.S., Bolivia, Brazil, Canada, Germany, India, China, and other countries per the FY2025 10-K.

Source: SEC 10-K, filed 2025-08-12

Industry: Machine Tools, Metal Cutting Types Peers: Altra Industrial Motion Corp. BARNES GROUP INC Enpro Inc ESAB Corp ESCO Technologies Inc Helios Technologies Inc Hillman Solutions Corp Illinois Tool Works Inc Kadant Inc Mueller Water Products Inc