v3.25.4
REVENUE RECOGNITION (Tables)
6 Months Ended
Dec. 31, 2025
Revenue from Contract with Customer [Abstract]  
Schedule of Revenue from External Customers by Geographic Areas
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 and six months ended December 31, 2025 and 2024. Other countries consist of Mexico, Australia, New Zealand, Singapore, and Costa Rica.
Three Months Ended December 31,
20252024
Service CenterEngineered SolutionsTotalService CenterEngineered SolutionsTotal
Geographic Areas:
United States$625,157 $398,893 $1,024,050 $599,801 $329,748 $929,549 
Canada74,528 — 74,528 77,777 — 77,777 
Other countries47,638 16,807 64,445 46,249 19,426 65,675 
Total$747,323 $415,700 $1,163,023 $723,827 $349,174 $1,073,001 
Six Months Ended December 31,
20252024
Service CenterEngineered SolutionsTotalService CenterEngineered SolutionsTotal
Geographic Areas:
United States$1,281,961 $798,576 $2,080,537 $1,225,483 $661,299 $1,886,782 
Canada149,845 — 149,845 149,253 — 149,253 
Other countries97,991 34,173 132,164 98,830 37,080 135,910 
Total$1,529,797 $832,749 $2,362,546 $1,473,566 $698,379 $2,171,945 
Schedule of Disaggregation of Revenue
The following tables present the Company’s percentage of revenue by reportable segment and major customer industry for the three and six months ended December 31, 2025 and 2024:
Three Months Ended December 31,
 20252024
Service CenterEngineered SolutionsTotalService CenterEngineered SolutionsTotal
General Industry34.6 %44.7 %38.1 %34.6 %36.6 %35.4 %
Industrial Machinery7.9 %24.7 %13.9 %8.0 %23.0 %12.8 %
Food15.5 %3.1 %11.1 %15.2 %3.9 %11.5 %
Metals11.7 %5.6 %9.5 %10.9 %8.3 %10.0 %
Forest Products11.3 %2.1 %8.0 %12.0 %3.5 %9.2 %
Chem/Petrochem2.5 %11.8 %5.9 %2.9 %17.0 %7.5 %
Cement & Aggregate8.2 %1.4 %5.8 %7.9 %1.6 %5.9 %
Transportation3.5 %4.9 %4.0 %3.5 %4.1 %3.7 %
Oil & Gas4.8 %1.7 %3.7 %5.0 %2.0 %4.0 %
Total100.0 %100.0 %100.0 %100.0 %100.0 %100.0 %
Six Months Ended December 31,
 20252024
Service CenterEngineered SolutionsTotalService CenterEngineered SolutionsTotal
General Industry34.4 %43.3 %37.5 %34.8 %37.8 %35.8 %
Industrial Machinery7.9 %25.1 %14.0 %8.0 %22.8 %12.7 %
Food15.7 %3.0 %11.2 %15.3 %3.5 %11.5 %
Metals11.6 %6.4 %9.8 %11.1 %8.2 %10.2 %
Forest Products11.6 %2.1 %8.2 %11.9 %3.4 %9.2 %
Chem/Petrochem2.6 %11.6 %5.8 %2.9 %16.6 %7.2 %
Cement & Aggregate7.9 %1.3 %5.6 %7.6 %1.4 %5.7 %
Transportation3.5 %5.2 %4.1 %3.7 %4.4 %3.9 %
Oil & Gas4.8 %2.0 %3.8 %4.7 %1.9 %3.8 %
Total100.0 %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 and six months ended December 31, 2025 and 2024:
Three Months Ended December 31,
 20252024
Service CenterEngineered SolutionsTotalService CenterEngineered SolutionsTotal
Power Transmission38.1 %8.5 %27.5 %38.0 %10.6 %29.2 %
General MRO & Other22.6 %25.9 %23.8 %22.6 %21.5 %22.1 %
Fluid Power14.4 %35.3 %21.8 %14.2 %32.0 %20.0 %
Bearings, Linear & Seals24.9 %1.5 %16.6 %25.2 %0.4 %17.2 %
Specialty Flow Control— %28.8 %10.3 %— %35.5 %11.5 %
Total100.0 %100.0 %100.0 %100.0 %100.0 %100.0 %
Six Months Ended December 31,
 20252024
Service CenterEngineered SolutionsTotalService CenterEngineered SolutionsTotal
Power Transmission37.8 %8.5 %27.5 %38.0 %10.8 %29.4 %
General MRO & Other22.5 %25.5 %23.5 %22.3 %19.9 %21.5 %
Fluid Power14.3 %36.5 %22.1 %14.1 %32.9 %20.0 %
Bearings, Linear & Seals25.4 %0.9 %16.8 %25.6 %0.4 %17.7 %
Specialty Flow Control— %28.6 %10.1 %— %36.0 %11.4 %
Total100.0 %100.0 %100.0 %100.0 %100.0 %100.0 %
Schedule of Contract with Customer, Asset and Liability
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:
December 31, 2025June 30, 2025$ Change% Change
Contract assets$15,074 $11,659 $3,415 29.3 %
Contract liabilities35,297 29,244 6,053 20.7 %
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.