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Accessibility StatementSkip Navigation PITTSBURGH, Oct. 15, 2025 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) will host its first quarter fiscal year 2026 earnings call on Wednesday, November 5, 2025. The press release and presentation will be available on the Company's website before market on November 5. Details of the conference call and webcast are as follows: Kennametal Recognized Among Top of Caterpillar's Indirect Suppliers for Second Consecutive Year Kennametal Inc. (NYSE: KMT) announced today tha ...

Core Insights - Kennametal Inc. has been recognized for the second consecutive year as one of Caterpillar's top indirect suppliers, highlighting its contributions in metal cutting solutions and excellence in communication and technical support [1][2]. Group 1: Supplier Recognition - The supplier recognition award reflects Kennametal's alignment with Caterpillar's strategic goals and its commitment to supporting infrastructure and electrification projects globally, including data centers and AI hubs [2]. - Keith Mudge, Vice President of Sales – Americas, emphasized the importance of Kennametal's role in keeping Caterpillar's business and customers operational [2]. Group 2: Company Overview - Kennametal has over 85 years of experience as an industrial technology leader, providing productivity through materials science, tooling, and wear-resistant solutions [3]. - The company serves various sectors, including aerospace and defense, earthworks, energy, general engineering, and transportation, with approximately 8,100 employees operating in nearly 100 countries [3]. - In fiscal 2025, Kennametal generated revenues of $2 billion [3].

Key Takeaways Kennametal's Metal Cutting revenues fell 4% in Q4 FY25 due to weak transportation and engineering demand.Lower energy activity, rig counts and tariffs on steel and aluminum are pressuring KMT's costs and sales.Softness in Infrastructure adds strain, with FY26 revenue forecast at $1.95-$2.05B, down 1.6% at midpoint.Kennametal Inc. (KMT) is witnessing persistent weakness in the Metal Cutting segment. The decrease in demand across the transportation end market, owing to continued OEM production s ...

Group 1 - Kennametal has a lower P/E ratio compared to the aggregate P/E of 38.21 in the Machinery industry, suggesting potential undervaluation or lower expected performance [5] - A lower P/E ratio may indicate that shareholders do not anticipate future growth, but it could also mean the company is undervalued [7] - The P/E ratio should not be used in isolation; other factors such as industry trends and business cycles also influence stock prices [7] Group 2 - The P/E ratio is a useful metric for assessing a company's market performance against historical earnings and industry standards [4] - Investors are encouraged to use the P/E ratio alongside other financial metrics and qualitative analysis for informed investment decisions [7]

Summary of Key Points Core Viewpoint - John W. Rogers Jr. of Ariel Appreciation Fund has made significant reductions in his equity holdings, indicating a strategic shift in response to valuation concerns and macroeconomic factors affecting various sectors. Group 1: Notable Reductions - **Northern Trust Corp (NTRS)**: A reduction of 47.22% with 158,349 shares sold, reflecting potential concerns over fee compression and macro headwinds in wealth management [1]. - **JM Smucker Co (SJM)**: A decrease of 35.16% with 68,878 shares cut, possibly due to input cost inflation and changing consumer preferences [2]. - **Charles Schwab Corp (SCHW)**: A reduction of 33.48% with 112,370 shares sold, linked to rate-related margin pressures and lower trading activity post-peak retail trading enthusiasm [3]. - **Kennametal Inc (KMT)**: A decrease of 30.91% with 267,930 shares trimmed, suggesting caution towards slowing manufacturing demand despite operational improvements [4]. - **CBRE Group Inc – A (CBRE)**: A reduction of 18.12% with 25,409 shares cut, reflecting concerns in the commercial real estate sector due to remote work trends and higher financing costs [5]. Group 2: Strategic Implications - The reductions across these holdings suggest a tightening of the portfolio around higher-conviction names, as the company responds to a shifting macro environment and potential valuation concerns [5].

Core Insights - Kennametal Inc. has been recognized in TIME's list of World's Best Companies 2025, highlighting its commitment to employee satisfaction and sustainability practices [1][2] - The company's President and CEO, Sanjay Chowbey, emphasized the importance of innovation and continuous improvement in driving success and sustainable growth [2] - Kennametal was also included in TIME's America's Best Midsize Companies 2025 list, reflecting its ongoing progress and adherence to core values [2] Company Overview - Kennametal has over 85 years of experience as an industrial technology leader, providing productivity solutions through materials science and tooling [3] - The company serves various sectors including aerospace, defense, energy, and transportation, with approximately 8,100 employees operating in nearly 100 countries [3] - In fiscal 2025, Kennametal generated revenues of $2 billion [3]

Company Overview - Kennametal Inc. is an industrial technology leader with over 85 years of experience, focusing on materials science, tooling, and wear-resistant solutions [1] - The company serves customers in various sectors including aerospace and defense, earthworks, energy, general engineering, and transportation [1] - Kennametal employs approximately 8,100 individuals and operates in nearly 100 countries [1] Financial Performance - In fiscal 2025, Kennametal generated nearly $2 billion in revenues [1] Upcoming Events - Kennametal will attend the Morgan Stanley 13th Annual Laguna Conference on September 10, 2025 [1] - Key attendees from Kennametal include Sanjay Chowbey (President and CEO), Patrick Watson (CFO), and Michael Pici (VP, Investor Relations) [1]

Group 1 - The company Kennametal (NYSE: KMT) showed strong revenue performance in July 2023, indicating positive growth in the industrial sector [1] - Despite good revenue figures, the company faced challenges with profits and cash flows, suggesting potential areas for improvement [1] Group 2 - The focus of Crude Value Insights is on cash flow and identifying companies in the oil and natural gas sector that demonstrate value and growth prospects [2] - Subscribers to Crude Value Insights benefit from a comprehensive stock model account and in-depth cash flow analyses of exploration and production firms [2]

PART I [Business Overview](index=4&type=section&id=Item%201%20Business) Kennametal is a global industrial technology leader in materials science, operating Metal Cutting and Infrastructure segments - Kennametal Inc. is a global industrial technology leader founded in 1938, specializing in tungsten carbide technology for metal cutting and extreme wear applications[11](index=11&type=chunk)[99](index=99&type=chunk) - The company operates in two segments: **Metal Cutting** and **Infrastructure**, offering standard and custom products like tooling, wear components, and metallurgical powders[15](index=15&type=chunk)[100](index=100&type=chunk) - International operations generated **60% of consolidated sales** in 2025, with key markets in Western Europe, China, and India, highlighting global diversification but also exposure to international risks[17](index=17&type=chunk)[49](index=49&type=chunk) - R&D efforts focus on new product and process technology development, utilizing a disciplined 'stage-gate' framework to accelerate commercial success and enhance operational excellence[21](index=21&type=chunk) - The company maintains a competitive position in major markets, differentiating through customer support, innovation, product performance, quality, and brand recognition, rather than solely on price[24](index=24&type=chunk)[25](index=25&type=chunk) - As of June 30, 2025, Kennametal employed **8,124 people globally**, with approximately 1,900 represented by labor unions[33](index=33&type=chunk)[34](index=34&type=chunk)[37](index=37&type=chunk)[40](index=40&type=chunk) Human Capital Metrics (FY2025 vs. FY2024) | Metric | 2025 | 2024 | | :--- | :--- | :--- | | Total Recordable Incident Rate (TRIR) | 0.42 | 0.35 | | Voluntary Turnover Rate | 7.7% | 7.9% | [Risk Factors](index=8&type=section&id=Item%201A.%20Risk%20Factors) The company faces material risks from global operations, business strategy, cybersecurity, raw materials, and debt covenants - Geopolitical conflicts (Middle East, Russia-Ukraine) pose significant global operational risks, potentially leading to supply chain disruptions, increased cybersecurity threats, unfavorable exchange rates, and reduced customer demand[46](index=46&type=chunk) - International operations, which account for **60% of sales**, are exposed to risks like currency exchange rate fluctuations, trade barriers, regional economic uncertainty, and political instability[49](index=49&type=chunk) - Business strategy risks include the possibility that restructuring efforts may not achieve intended benefits, challenges in successfully integrating acquisitions, and the potential for future goodwill impairment charges (**goodwill totaled $282.7 million** at June 30, 2025)[58](index=58&type=chunk)[59](index=59&type=chunk)[60](index=60&type=chunk) - Cybersecurity threats to information technology systems could lead to operational disruptions, data misuse, litigation, and reputational damage, despite current security measures[65](index=65&type=chunk) - Fluctuations in raw material prices (e.g., tungsten, cobalt, steel) and supply availability, largely from international sources, can significantly impact operating results and profitability[67](index=67&type=chunk) - Debt agreements contain restrictive covenants, including a **maximum leverage ratio**, which could limit the company's ability to incur additional debt, make acquisitions, pay dividends, or fund capital expenditures[68](index=68&type=chunk) [Unresolved Staff Comments](index=13&type=section&id=Item%201B.%20Unresolved%20Staff%20Comments) The company reported no unresolved staff comments from the SEC - There are no unresolved staff comments[69](index=69&type=chunk) [Cybersecurity](index=13&type=section&id=Item%201C.%20Cybersecurity) Cybersecurity risk is managed through the NIST framework, with oversight from the Board of Directors and Audit Committee - Kennametal assesses, identifies, and manages cybersecurity risks through a structured process guided by the NIST Cybersecurity Framework[70](index=70&type=chunk) - The company monitors third-party service providers for security adherence and deploys state-of-the-art technologies, a **24/7 Security Operations Center**, and regular testing to identify and respond to security incidents[71](index=71&type=chunk)[72](index=72&type=chunk) - Cybersecurity risk oversight is maintained by the Board of Directors, with the Audit Committee specifically tasked with monitoring these risks and evaluating the company's approach[73](index=73&type=chunk) - Management, led by the Chief Information Security Officer (CISO) with over 20 years of experience, oversees risk assessment and mitigation, providing regular reports to the Board[74](index=74&type=chunk) [Properties](index=13&type=section&id=Item%202.%20Properties) The company operates numerous manufacturing, distribution, and R&D facilities globally, all deemed adequate for current needs - Principal executive offices are in Pittsburgh, PA, with corporate offices in Neuhausen (Switzerland), Bangalore (India), and Singapore[75](index=75&type=chunk) - The company operates numerous manufacturing facilities across the United States and internationally (e.g., Bolivia, Brazil, Canada, China, Germany, India, Israel, Poland, South Africa, Spain, UK, Vietnam)[76](index=76&type=chunk) - Facilities produce a diverse range of products for both **Metal Cutting** (e.g., carbide round tools, metal cutting inserts, toolholders) and **Infrastructure** (e.g., metallurgical powders, wear parts, mining and construction tools) segments[76](index=76&type=chunk) - Research and development efforts are primarily conducted at the technology center in Latrobe, PA, and facilities in Rogers, AR, Fürth, Germany, and Bangalore, India[77](index=77&type=chunk) - Production capacity is adequate for present needs, and properties are generally in good condition and suitable for business operations[78](index=78&type=chunk) [Legal Proceedings](index=15&type=section&id=Item%203.%20Legal%20Proceedings) The company is involved in ordinary course legal proceedings and intends to vigorously defend a recent breach of contract lawsuit - The company is a party to legal claims and proceedings in the ordinary course of business, which may relate to operations or assets[79](index=79&type=chunk) - In February 2025, MachiningCloud, Inc. filed a lawsuit against Kennametal, alleging breach of contract and seeking over **$330 million in damages**; the company intends to vigorously defend the action[336](index=336&type=chunk) - Management believes that the ultimate liability from these actions will not materially affect the company's financial position, results of operations, or liquidity, though the outcome of litigation is uncertain[79](index=79&type=chunk) [Mine Safety Disclosures](index=15&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This item is not applicable to the company - Mine Safety Disclosures are not applicable to the registrant[80](index=80&type=chunk) PART II [Market for Common Equity, Stockholder Matters, and Issuer Purchases](index=15&type=section&id=Item%205.%20Market%20for%20the%20Registrant's%20Common%20Equity%2C%20Related%20Stockholder%20Matters%20and%20Issuer%20Purchases%20of%20Equity%20Securities) The company's stock trades on the NYSE, and it executed share repurchases under an authorized program in fiscal 2025 - Kennametal's capital stock is traded on the New York Stock Exchange under the symbol **'KMT'**[3](index=3&type=chunk) - As of July 31, 2025, there were **1,197 shareholders of record**[81](index=81&type=chunk) - In fiscal 2025, a New Peer Group was established for executive compensation evaluation, comprising 20 companies including Alamo Group, Inc. and Barnes Group Inc[85](index=85&type=chunk)[86](index=86&type=chunk) - During 2025, the company repurchased **2.5 million shares** of common stock for **$60 million** under a $200 million, three-year share repurchase program authorized in February 2024[105](index=105&type=chunk)[148](index=148&type=chunk) Issuer Purchases of Equity Securities (Q4 2025) | Period | Total Number of Shares Purchased | Average Price Paid per Share | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs | Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs | | :--- | :--- | :--- | :--- | :--- | | April 1 through April 30, 2025 | 183 | $21.89 | — | $145,000,000 | | May 1 through May 31, 2025 | 121,891 | $21.42 | 120,000 | $142,300,000 | | June 1 through June 30, 2025 | 115,578 | $21.68 | 112,000 | $140,000,000 | | Total | 237,652 | $21.55 | 232,000 | | [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=18&type=section&id=Item%207.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Fiscal 2025 sales and operating income declined due to lower volumes and unfavorable currency, despite restructuring benefits - Sales decreased **4% in 2025**, primarily due to a 4% organic sales decline and a 1% unfavorable currency exchange effect, partially offset by a 1% favorable business days effect[102](index=102&type=chunk)[111](index=111&type=chunk) - Operating income decreased due to lower sales and production volumes, higher wages, general inflation, unfavorable foreign currency exchange ($6 million), and increased tariffs ($4 million), partially offset by restructuring benefits ($23 million), pricing, lower raw material costs, and benefits from the Inflation Reduction Act and tornado recovery ($13 million and $12 million, respectively, in Infrastructure)[103](index=103&type=chunk) - The company completed the sale of a subsidiary in Goshen, Indiana, for **$19 million**, recognizing a **$1.5 million loss** on divestiture[104](index=104&type=chunk) - Restructuring initiatives in fiscal 2024 and 2025 aimed to streamline cost structure and mitigate softer market conditions, delivering annualized run rate pre-tax savings of approximately **$35 million** and **$28 million**, respectively[113](index=113&type=chunk)[114](index=114&type=chunk) - The effective tax rate for 2025 was **25.2%**, up from 21.3% in 2024, primarily due to prior year adjustments and current year benefits from advanced manufacturing production credit and an Indian tax dispute resolution[118](index=118&type=chunk) - Cash flow from operating activities decreased to **$208.3 million** in 2025 from $277.1 million in 2024, primarily due to changes in working capital, including an increase in inventories and decreases in accrued income taxes and pension benefits[109](index=109&type=chunk)[149](index=149&type=chunk) - The company's liquidity is supported by **$140.5 million in cash** and cash equivalents and a **$700.0 million revolving credit facility** with no outstanding borrowings as of June 30, 2025[136](index=136&type=chunk)[140](index=140&type=chunk) Consolidated Financial Highlights (FY2025 vs. FY2024) | Metric | FY2025 (in millions) | FY2024 (in millions) | Change (%) | | :--- | :--- | :--- | :--- | | Sales | $1,966.8 | $2,046.9 | (4)% | | Operating Income | $143.1 | $170.2 | (16)% | | Operating Margin | 7.3% | 8.3% | (1.0) pp | | Net Income Attributable to Kennametal | $93.1 | $109.3 | (15)% | | Diluted EPS | $1.20 | $1.37 | (12)% | | Cash Flow from Operating Activities | $208.3 | $277.1 | (25)% | | Capital Expenditures | $89.0 | $107.6 | (17)% | | Share Repurchases | $60.0 | $60.0 (approx) | 0% | | Dividends Paid | $62.0 | $63.4 | (2)% | [Quantitative and Qualitative Disclosures About Market Risk](index=30&type=section&id=Item%207A.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company uses derivative instruments to hedge foreign exchange and interest rate risks, with immaterial hypothetical impacts - Kennametal uses derivative financial instruments (currency forward contracts, range forward contracts) to manage market risks from foreign exchange rates and interest rates, primarily to reduce cash flow volatility, not for speculation[187](index=187&type=chunk)[191](index=191&type=chunk) - A hypothetical **10% strengthening or weakening of the U.S. dollar** would result in an immaterial change of $0.3 million to accumulated other comprehensive loss and $0.4 million to pre-tax income[191](index=191&type=chunk) - Less than **1% of the company's debt** was exposed to variable interest rates as of June 30, 2025 and 2024, making a hypothetical 10% change in market interest rates immaterial[192](index=192&type=chunk) Impact of Currency Exchange Rate Fluctuations on Diluted EPS | Year | Impact on Diluted EPS | | :--- | :--- | | 2025 | -$0.02 | | 2024 | -$0.11 | [Financial Statements and Supplementary Data](index=32&type=section&id=Item%208.%20Financial%20Statements%20and%20Supplementary%20Data) This section presents the audited consolidated financial statements and reports on the effectiveness of internal controls - Management concluded that the company maintained **effective internal control** over financial reporting as of June 30, 2025, based on COSO criteria[196](index=196&type=chunk) - PricewaterhouseCoopers LLP audited and confirmed the effectiveness of the company's internal control over financial reporting and presented fair consolidated financial statements for the period ended June 30, 2025[201](index=201&type=chunk) - A critical audit matter identified was the **provision for income taxes**, requiring significant auditor effort and specialized skill due to the complexity of management's estimates and judgments regarding unrecognized tax benefits and valuation allowances[208](index=208&type=chunk)[209](index=209&type=chunk) Consolidated Statements of Income (in thousands) | Year ended June 30 | 2025 | 2024 | 2023 | | :--- | :--- | :--- | :--- | | Sales | $1,966,845 | $2,046,899 | $2,078,184 | | Cost of goods sold | 1,368,775 | 1,419,806 | 1,431,745 | | Gross profit | 598,070 | 627,093 | 646,439 | | Operating expense | 430,835 | 433,161 | 437,292 | | Restructuring and other charges, net | 11,813 | 12,152 | 4,106 | | Loss on divestiture | 1,512 | — | — | | Amortization of intangibles | 10,787 | 11,557 | 12,624 | | Operating income | 143,123 | 170,223 | 192,417 | | Interest expense | 24,930 | 26,472 | 28,496 | | Other (income) expense, net | (13,811) | (699) | 4,300 | | Income before income taxes | 132,004 | 144,450 | 159,621 | | Provision for income taxes | 33,296 | 30,809 | 36,255 | | Net income | 98,708 | 113,641 | 123,366 | | Less: Net income attributable to noncontrolling interests | 5,583 | 4,318 | 4,907 | | Net income attributable to Kennametal | $93,125 | $109,323 | $118,459 | | Basic earnings per share | $1.21 | $1.38 | $1.47 | | Diluted earnings per share | $1.20 | $1.37 | $1.46 | Consolidated Balance Sheets (in thousands) | As of June 30 | 2025 | 2024 | | :--- | :--- | :--- | | **ASSETS** | | | | Cash and cash equivalents | $140,540 | $127,971 | | Accounts receivable, net | 295,401 | 302,810 | | Inventories | 538,237 | 514,632 | | Total current assets | 1,039,270 | 1,002,592 | | Property, plant and equipment, net | 919,914 | 938,063 | | Goodwill | 282,726 | 271,567 | | Other intangible assets, net | 67,209 | 81,421 | | Total assets | $2,545,412 | $2,503,758 | | **LIABILITIES** | | | | Total current liabilities | 422,329 | 415,961 | | Long-term debt, less current maturities | 596,788 | 595,980 | | Total liabilities | 1,220,764 | 1,215,159 | | **EQUITY** | | | | Total Kennametal Shareholders' Equity | 1,283,979 | 1,249,875 | | Total equity | 1,324,648 | 1,288,599 | | Total liabilities and equity | $2,545,412 | $2,503,758 | Consolidated Statements of Cash Flows (in thousands) | Year ended June 30 | 2025 | 2024 | 2023 | | :--- | :--- | :--- | :--- | | Net cash flow provided by operating activities | $208,324 | $277,108 | $257,945 | | Net cash flow used for investing activities | (61,825) | (109,426) | (89,230) | | Net cash flow used for financing activities | (133,919) | (141,747) | (143,108) | | Net increase in cash and cash equivalents | 12,569 | 21,950 | 20,435 | | Cash and cash equivalents, end of year | $140,540 | $127,971 | $106,021 | [Changes in and Disagreements with Accountants on Accounting and Financial Disclosure](index=68&type=section&id=Item%209.%20Changes%20in%20and%20Disagreements%20with%20Accountants%20on%20Accounting%20and%20Financial%20Disclosure) The company reported no changes in or disagreements with its accountants - There were no changes in or disagreements with accountants on accounting and financial disclosure[349](index=349&type=chunk) [Controls and Procedures](index=68&type=section&id=Item%209A.%20Controls%20and%20Procedures) Management concluded that disclosure controls and internal controls over financial reporting were effective as of June 30, 2025 - Management, with CEO and CFO participation, concluded that disclosure controls and procedures were **effective as of June 30, 2025**, providing reasonable assurance for timely and accurate financial reporting[350](index=350&type=chunk) - The effectiveness of internal control over financial reporting was audited by PricewaterhouseCoopers LLP and affirmed by management[350](index=350&type=chunk) - No material changes in internal control over financial reporting occurred during the fourth quarter of 2025[350](index=350&type=chunk) [Other Information](index=68&type=section&id=Item%209B.%20Other%20Information) No directors or officers adopted, modified, or terminated Rule 10b5-1 trading arrangements during the quarter - No directors or officers adopted, modified, or terminated Rule 10b5-1 trading arrangements in the quarter ended June 30, 2025[351](index=351&type=chunk) [Disclosure Regarding Foreign Jurisdictions that Prevent Inspections](index=68&type=section&id=Item%209C.%20Disclosure%20Regarding%20Foreign%20Jurisdictions%20that%20Prevent%20Inspections) This item is not applicable to the company - Disclosure regarding foreign jurisdictions that prevent inspections is not applicable[352](index=352&type=chunk) PART III [Directors, Executive Officers and Corporate Governance](index=69&type=section&id=Item%2010.%20Directors%2C%20Executive%20Officers%20and%20Corporate%20Governance) This section provides information on executive officers and corporate governance, with key appointments made in 2024 and 2025 - Sanjay Chowbey serves as **President and Chief Executive Officer** since June 2024[353](index=353&type=chunk) - Dave Bersaglini was appointed **Vice President and President, Metal Cutting Business Segment** in August 2024[355](index=355&type=chunk) - Faisal Hamadi became **Vice President and President, Infrastructure Business Segment** in January 2025[356](index=356&type=chunk) - The Audit Committee, composed of Steven H. Wunning (Chair), Shelley Bausch, Douglas T. Dietrich, Sagar A. Patel, and Paul Sternlieb, oversees corporate governance[363](index=363&type=chunk) - The company has an insider trading policy designed to promote compliance with insider trading laws and NYSE listing standards[362](index=362&type=chunk) [Executive Compensation](index=70&type=section&id=Item%2011.%20Executive%20Compensation) Information regarding executive and director compensation is incorporated by reference from the 2025 Proxy Statement - Executive compensation details, including Compensation Discussion and Analysis, Executive Compensation Tables, and information on retirement programs, are incorporated by reference from the 2025 Proxy Statement[364](index=364&type=chunk) - Information on Board of Directors compensation and benefits is also incorporated by reference[364](index=364&type=chunk) [Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters](index=70&type=section&id=Item%2012.%20Security%20Ownership%20of%20Certain%20Beneficial%20Owners%20and%20Management%20and%20Related%20Stockholder%20Matters) Details on equity compensation plans and security ownership are incorporated by reference from the 2025 Proxy Statement - Information on equity compensation plans and security ownership of beneficial owners, management, and directors is incorporated by reference from the 2025 Proxy Statement[365](index=365&type=chunk) [Certain Relationships and Related Transactions, and Director Independence](index=70&type=section&id=Item%2013.%20Certain%20Relationships%20and%20Related%20Transactions%2C%20and%20Director%20Independence) Information on related person transactions and director independence is incorporated by reference from the 2025 Proxy Statement - Information on related person transactions, executive compensation, and director independence is incorporated by reference from the 2025 Proxy Statement[366](index=366&type=chunk) [Principal Accounting Fees and Services](index=70&type=section&id=Item%2014.%20Principal%20Accounting%20Fees%20and%20Services) Details on principal accountant fees and services are incorporated by reference from the 2025 Proxy Statement - Information on pre-approval policies for accounting fees and services, and details on principal accountant fees and services, is incorporated by reference from the 2025 Proxy Statement[367](index=367&type=chunk) PART IV [Exhibits, Financial Statement Schedules](index=73&type=section&id=Item%2015.%20Exhibits%2C%20Financial%20Statement%20Schedules) This section lists all exhibits and financial statement schedules filed as part of the Form 10-K report - The report includes a schedule of **Valuation and Qualifying Accounts** for the years ended June 30, 2025, 2024, and 2023[372](index=372&type=chunk)[400](index=400&type=chunk) - Various corporate documents, indentures, and material contracts, including stock and incentive plans, are listed, with many incorporated by reference from prior SEC filings[373](index=373&type=chunk)[374](index=374&type=chunk)[375](index=375&type=chunk)[376](index=376&type=chunk)[377](index=377&type=chunk)[378](index=378&type=chunk)[379](index=379&type=chunk)[380](index=380&type=chunk)[381](index=381&type=chunk)[382](index=382&type=chunk)[383](index=383&type=chunk)[384](index=384&type=chunk)[385](index=385&type=chunk)[386](index=386&type=chunk)[387](index=387&type=chunk)[388](index=388&type=chunk)[389](index=389&type=chunk)[390](index=390&type=chunk)[391](index=391&type=chunk)[392](index=392&type=chunk)[393](index=393&type=chunk)[394](index=394&type=chunk)[395](index=395&type=chunk)[396](index=396&type=chunk) - Certifications by the President and CEO, Sanjay Chowbey, and the Vice President Finance and CFO, Patrick S. Watson, are filed as exhibits[396](index=396&type=chunk)[397](index=397&type=chunk) - XBRL (Extensible Business Reporting Language) instance documents for financial statements are attached as Exhibit 101[398](index=398&type=chunk) [Form 10-K Summary](index=78&type=section&id=Item%2016.%20Form%2010-K%20Summary) The company did not include a Form 10-K Summary in this report - No Form 10-K Summary is provided[401](index=401&type=chunk)