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Business Segments (Tables) | 3 Months Ended
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Sep. 30, 2025
Segment Reporting [Abstract] |
Schedule of Results of Operation, Depreciation and Amortization, Capital Expenditures and Total Assets by Reportable Segments | Net sales and operating income by segment for the three months ended September 30, 2025 and 2024 are provided below. See Note 4 Revenue for comparative information of the Company's overall revenue by segment, end-use market and geographical location. The Company believes further disaggregation of revenue is impracticable.
|  | Three Months Ended September 30, 2025 |  | Three Months Ended September 30, 2024
($ in millions) |  | SAO |  | PEP |  | Total |  | SAO |  | PEP |  | Total
Sales to external customers |  | $ | 656.1 |  |  | $ | 77.6 |  |  | $ | 733.7 |  |  | $ | 641.6 |  |  | $ | 76.0 |  |  | $ | 717.6 |
Intersegment sales |  | 3.5 |  |  | 16.0 |  |  | 19.5 |  |  | 3.5 |  |  | 24.8 |  |  | 28.3 |
Total sales |  | 659.6 |  |  | 93.6 |  |  | 753.2 |  |  | 645.1 |  |  | 100.8 |  |  | 745.9 |
Reconciliation of sales |  |  |  |  |  |  |  |  |  |  |  |
Elimination of intersegment |  |  |  |  |  | (19.5) |  |  |  |  |  |  | (28.3) |
Consolidated net sales |  |  |  |  |  | $ | 733.7 |  |  |  |  |  |  | $ | 717.6 |
Less: (a) |  |  |  |  |  |  |  |  |  |  |  |
Cost of sales |  | 458.0 |  |  | 78.8 |  |  | 536.8 |  |  | 481.5 |  |  | 87.8 |  |  | 569.3 |
Other segment items (b) |  | 30.9 |  |  | 5.4 |  |  | 36.3 |  |  | 29.1 |  |  | 5.7 |  |  | 34.8 |
Segment operating income |  | 170.7 |  |  | 9.4 |  |  | 180.1 |  |  | 134.5 |  |  | 7.3 |  |  | 141.8 |
Reconciliation of operating income |  |  |  |  |  |  |  |  |  |  |  |
Corporate costs (c) |  |  |  |  |  | (26.6) |  |  |  |  |  |  | (28.0) |
Elimination of intersegment |  |  |  |  |  | (0.2) |  |  |  |  |  |  | (0.2) |
Consolidated operating income |  |  |  |  |  | $ | 153.3 |  |  |  |  |  |  | $ | 113.6 |
Other items: |  |  |  |  |  |  |  |  |  |  |  |
Interest expense, net |  |  |  |  |  | 11.5 |  |  |  |  |  |  | 12.4 |
Other income (expense), net |  |  |  |  |  | (3.0) |  |  |  |  |  |  | 0.1 |
Income before income taxes |  |  |  |  |  | $ | 144.8 |  |  |  |  |  |  | $ | 101.1 |
(a) The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM. Intersegment expenses are included within the amounts shown. (b) Other segment items for each reportable segment primarily includes selling, general and administrative expenses. (c) Corporate costs include items that management considers not representative of ongoing operations, such as restructuring charges and other specifically identified income or expense items. Additional data by segment for three months ended September 30, 2025 and 2024 is as follows:
Depreciation and Amortization |  | Three Months Ended September 30, |  |
($ in millions) |  | 2025 |  | 2024 |  |  |  |
Specialty Alloys Operations |  | $ | 30.4 |  |  | $ | 28.6 |  |  |  |  |
Performance Engineered Products |  | 4.4 |  |  | 3.9 |  |  |  |  |
Corporate |  | 1.2 |  |  | 1.3 |  |  |  |  |
Consolidated depreciation and amortization |  | $ | 36.0 |  |  | $ | 33.8 |  |  |  |  |
Capital Expenditures |  | Three Months Ended September 30, |  |
($ in millions) |  | 2025 |  | 2024 |  |  |  |
Specialty Alloys Operations |  | $ | 38.9 |  |  | $ | 20.5 |  |  |  |  |
Performance Engineered Products |  | 3.0 |  |  | 6.1 |  |  |  |  |
Corporate |  | 0.7 |  |  | 0.3 |  |  |  |  |
Consolidated capital expenditures |  | $ | 42.6 |  |  | $ | 26.9 |  |  |  |  |
Total Assets |  | September 30, 2025 |  | June 30, 2025
($ in millions) |  |
Specialty Alloys Operations |  | $ | 2,686.1 |  |  | $ | 2,649.3 |
Performance Engineered Products |  | 408.9 |  |  | 413.5 |
Total segment assets |  | 3,095.0 |  |  | 3,062.8 |
Corporate |  | 310.6 |  |  | 433.2 |
Intersegment |  | (3.4) |  |  | (9.2) |
Consolidated total assets |  | $ | 3,402.2 |  |  | $ | 3,486.8 |
Schedule of Long Lived Assets |
Long-lived Assets (a) |  | September 30, 2025 |  | June 30, 2025
($ in millions) |  |
United States |  | $ | 1,368.3 |  |  | $ | 1,354.4 |
Europe |  | 2.8 |  |  | 3.0 |
Mexico |  | 1.1 |  |  | 1.2 |
Asia Pacific |  | 0.4 |  |  | 0.4 |
Canada |  | 0.3 |  |  | 0.4 |
Consolidated long-lived assets |  | $ | 1,372.9 |  |  | $ | 1,359.4 |
(a) Long-lived assets consists primarily of property, plant, equipment and software, net.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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