KENNAMETAL INC (KMT): restructuring charge — Kennametal announces plant closures and headcount cuts; expects $25M pre-tax charges

KENNAMETAL INC

Closing Greenfield, MA facility; ops cease April 2025, substantial completion by Dec 31, 2025.
Consolidating two Barcelona, Spain facilities into one; completion by June 30, 2025.
Global professional headcount reduction to mitigate softer EMEA market conditions.
Pre-tax charges of ~$25M ($10M cash facilities, $10M severance cash, $5M non-cash).
Targeting ~$15M annualized pre-tax run-rate savings by end of Fiscal 2025.

Key facts

Extracted from this filing and checked against the source text.

Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

KENNAMETAL INC announced a restructuring with charges of pre-tax charges of approximately $25 million affecting Metal Cutting segment (certain professional headcount).

Type: restructuring
Charge: pre-tax charges of approximately $25 million
Affected area: Metal Cutting segment
Headcount: certain professional headcount

Exact text from the filing

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.

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KENNAMETAL INC filing history →

Source: SEC EDGAR

accession 0000055242-25-000004

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