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REVENUE RECOGNITION | 3 Months Ended
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Sep. 30, 2025
Revenue from Contract with Customer [Abstract] |
REVENUE RECOGNITION | REVENUE RECOGNITION Disaggregation of Revenues The following tables present the Company's net sales by reportable segment and by geographic areas based on the location of the facility shipping the product for the three months ended September 30, 2025 and 2024. Other countries consist of Mexico, Australia, New Zealand, Singapore, and Costa Rica.
| Three Months Ended September 30,
| 2025 |  | 2024
| Service Center | Engineered Solutions | Total |  | Service Center | Engineered Solutions | Total
Geographic Areas: |  |  |  |  |  |  |
United States | $ | 656,804 |  | $ | 399,683 |  | $ | 1,056,487 |  |  | $ | 625,682 |  | $ | 331,551 |  | $ | 957,233 |
Canada | 75,317 |  | — |  | 75,317 |  |  | 71,476 |  | — |  | 71,476 |
Other countries | 50,353 |  | 17,366 |  | 67,719 |  |  | 52,581 |  | 17,654 |  | 70,235 |
Total | $ | 782,474 |  | $ | 417,049 |  | $ | 1,199,523 |  |  | $ | 749,739 |  | $ | 349,205 |  | $ | 1,098,944 |
The following tables present the Company’s percentage of revenue by reportable segment and major customer industry for the three months ended September 30, 2025 and 2024:
| Three Months Ended September 30,
| 2025 |  | 2024
| Service Center |  | Engineered Solutions |  | Total |  | Service Center |  | Engineered Solutions |  | Total
General Industry | 34.4 | % |  | 42.5 | % |  | 37.1 | % |  | 35.2 | % |  | 39.0 | % |  | 36.4 | %
Industrial Machinery | 7.9 | % |  | 24.0 | % |  | 13.5 | % |  | 8.1 | % |  | 22.6 | % |  | 12.5 | %
Food | 15.9 | % |  | 2.6 | % |  | 11.3 | % |  | 15.3 | % |  | 3.1 | % |  | 11.5 | %
Metals | 11.5 | % |  | 7.1 | % |  | 10.0 | % |  | 11.2 | % |  | 8.2 | % |  | 10.3 | %
Forest Products | 11.8 | % |  | 2.1 | % |  | 8.4 | % |  | 11.8 | % |  | 3.2 | % |  | 9.2 | %
Chem/Petrochem | 2.7 | % |  | 13.0 | % |  | 6.3 | % |  | 2.9 | % |  | 16.2 | % |  | 6.9 | %
Cement & Aggregate | 7.6 | % |  | 1.2 | % |  | 5.4 | % |  | 7.3 | % |  | 1.3 | % |  | 5.5 | %
Transportation | 3.5 | % |  | 5.2 | % |  | 4.1 | % |  | 3.8 | % |  | 4.7 | % |  | 4.1 | %
Oil & Gas | 4.7 | % |  | 2.3 | % |  | 3.9 | % |  | 4.4 | % |  | 1.7 | % |  | 3.6 | %
Total | 100.0 | % |  | 100.0 | % |  | 100.0 | % |  | 100.0 | % |  | 100.0 | % |  | 100.0 | %
The following tables present the Company’s percentage of revenue by reportable segment and product line for the three months ended September 30, 2025 and 2024:
| Three Months Ended September 30,
| 2025 |  | 2024
| Service Center |  | Engineered Solutions |  | Total |  | Service Center |  | Engineered Solutions |  | Total
Power Transmission | 37.5 | % |  | 8.6 | % |  | 27.5 | % |  | 37.9 | % |  | 11.0 | % |  | 29.7 | %
General MRO & Other | 22.3 | % |  | 25.0 | % |  | 23.2 | % |  | 22.2 | % |  | 18.1 | % |  | 20.8 | %
Fluid Power | 14.3 | % |  | 37.7 | % |  | 22.4 | % |  | 13.9 | % |  | 33.8 | % |  | 20.0 | %
Bearings, Linear & Seals | 25.9 | % |  | 0.3 | % |  | 17.0 | % |  | 26.0 | % |  | 0.5 | % |  | 18.2 | %
Specialty Flow Control | — | % |  | 28.4 | % |  | 9.9 | % |  | — | % |  | 36.6 | % |  | 11.3 | %
Total | 100.0 | % |  | 100.0 | % |  | 100.0 | % |  | 100.0 | % |  | 100.0 | % |  | 100.0 | %
Contract Assets and Liabilities Depending on the terms of the contracts with certain customers, the Company may receive payments from customers before the goods or services are delivered, typically as down payments for products to be delivered in the future. These amounts are recorded as contract liabilities (deferred revenue), as the performance obligations have not yet been satisfied. The Company’s contract assets consist of unbilled amounts resulting from contracts for which revenue is recognized over time using the cost-to-cost method, and for which revenue recognized exceeds the amount billed to the customer. Activity related to contract assets and contract liabilities, which are included in other current assets and other current liabilities on the condensed consolidated balance sheet, is as follows:
| September 30, 2025 | June 30, 2025 | $ Change | % Change
Contract assets | $ | 12,283 |  | $ | 11,659 |  | $ | 624 |  | 5.4 | %
Contract liabilities | 28,748 |  | 29,244 |  | (496) |  | (1.7) | %
The change in balances noted above of the Company's contract assets primarily results from the timing difference between the Company's performance and when the customer is billed.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-7 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-9 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-15 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org/606/tableOfContent + Details
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