{
  "url": "https://struct.news/briefs/kennametals-profit-surged-so-did-the-tungsten-sitting-in-inventory",
  "title": "Kennametal’s profit surged. So did the tungsten sitting in inventory",
  "summary": "Inventory rose $570.2 million as operating cash flow fell to negative $4.0 million, putting the year’s profit surge against a very different cash picture.",
  "published_at": "2026-08-12T19:41:19.158572+00:00",
  "publisher": "Struct",
  "usage": "Figures are as reported by the company. Quote with attribution to the source filing.",
  "company": {
    "name": "Kennametal Inc.",
    "ticker": "KMT",
    "cik": "1628280",
    "sector": "Industrials",
    "industry": "Tools & Accessories"
  },
  "source_filing": {
    "form": "10-K",
    "filed": "2026-08-12",
    "accession": "0001628280-26-056143",
    "url": "https://www.sec.gov/Archives/edgar/data/55242/000162828026056143/kmt-20260630.htm"
  },
  "comparison_filing": {
    "form": "10-K",
    "filed": "2025-08-12",
    "url": "https://www.sec.gov/Archives/edgar/data/55242/000005524225000068/kmt-20250630.htm"
  },
  "reported_figures": [
    {
      "group": "The filing in three numbers",
      "label": "Revenue",
      "value": 1966845000,
      "display": "$2.0B",
      "unit": "usd",
      "period": "2025-06-30",
      "detail": null,
      "source": {
        "kind": "sec_filing",
        "label": "Filed company results",
        "form": "10-K",
        "accession": "0001628280-26-056143",
        "filing_date": "2026-08-12"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Revenue YoY",
      "value": -3.9109892574084038,
      "display": "-3.9%",
      "unit": "percent",
      "period": "2025-06-30",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-K",
        "accession": "0001628280-26-056143",
        "filing_date": "2026-08-12"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Operating margin",
      "value": 7.276780834280282,
      "display": "+7.3%",
      "unit": "percent",
      "period": "2025-06-30",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-K",
        "accession": "0001628280-26-056143",
        "filing_date": "2026-08-12"
      }
    }
  ],
  "watch_next": [
    {
      "type": "working_capital",
      "statement": "Inventory more than doubled and receivables also rose, turning operating cash flow negative despite higher net income.",
      "importance": "medium",
      "evidence": "an increase in accounts receivable of $113.0 million and an increase in other current assets of $94.0 million",
      "source_date": "2026-08-12"
    },
    {
      "type": "pricing",
      "statement": "Pricing contributed to higher Americas sales, including General Engineering and Energy, alongside demand and market-specific activity.",
      "importance": "medium",
      "evidence": "sales in the Americas increased primarily due to pricing and indirect channel demand within General Engineering",
      "source_date": "2026-08-12"
    },
    {
      "type": "demand",
      "statement": "General Engineering demand, indirect-channel activity, and Aerospace & Defense build rates supported annual sales growth.",
      "importance": "medium",
      "evidence": "improving build rates in Aerospace & Defense and data center power generation initiatives in Energy.",
      "source_date": "2026-08-12"
    }
  ],
  "related_tickers": [
    "KMT"
  ],
  "disclaimer": "Descriptive reporting of filed results. Not investment advice, and contains no forecast or recommendation."
}