v3.25.4

SEGMENT INFORMATION (Tables)

6 Months Ended

Dec. 31, 2025

Segment Reporting [Abstract]

Schedule of Segment Financial Information

These corporate and other expenses reconcile segment operating income to total consolidated income before income taxes.

Three Months Ended December 31, 2025			Service Center						Engineered Solutions						Total
Total sales			$	748,322					$	433,138					$	1,181,460
Less: Inter-segment sales¹			999						17,438						18,437
Net sales			$	747,323					$	415,700					$	1,163,023
Less segment expenses:
Cost of sales			529,832						279,857
Selling, distribution, and administrative expense, including depreciation²			123,221						87,962
Segment operating income			$	94,270					$	47,881					$	142,151
Corporate & other expense, net															18,942
Interest expense, net															942
Other income, net															(505)
Income before income taxes															$	122,772
Three Months Ended December 31, 2024			Service Center						Engineered Solutions						Total
Total sales			$	724,450					$	363,005					$	1,087,455
Less: Inter-segment sales¹			623						13,831						14,454
Net sales			$	723,827					$	349,174					$	1,073,001
Less segment expenses:
Cost of sales			511,210						233,741
Selling, distribution, and administrative expense, including depreciation²			120,645						66,654
Segment operating income			$	91,972					$	48,779					$	140,751
Corporate & other expense, net															19,881
Interest expense, net															(936)
Other income, net															(755)
Income before income taxes															$	122,561

Six Months Ended December 31, 2025			Service Center						Engineered Solutions						Total
Total sales			$	1,532,170					$	866,711					$	2,398,881
Less: Inter-segment sales¹			2,373						33,962						36,335
Net sales			$	1,529,797					$	832,749					$	2,362,546
Less segment expenses:
Cost of sales			1,086,033						561,750
Selling, distribution, and administrative expense, including depreciation²			245,441						177,258
Segment operating income			$	198,323					$	93,741					$	292,064
Corporate & other expense, net															39,825
Interest expense, net															1,935
Other income, net															(1,053)
Income before income taxes															$	251,357
Six Months Ended December 31, 2024			Service Center						Engineered Solutions						Total
Total sales			$	1,474,796					$	724,902					$	2,199,698
Less: Inter-segment sales¹			1,230						26,523						27,753
Net sales			$	1,473,566					$	698,379					$	2,171,945
Less segment expenses:
Cost of sales			1,047,283						471,530
Selling, distribution, and administrative expense, including depreciation²			240,485						136,724
Segment operating income			$	185,798					$	90,125					$	275,923
Corporate & other expense, net															41,881
Interest expense, net															(1,563)
Other income, net															(3,036)
Income before income taxes															$	238,641

¹The Company accounts for inter-segment sales using market rates.

²Amortization of intangibles is recorded within selling, distribution, and administrative expense, and therefore included in segment operating income for all periods presented.

Schedule of Depreciation and Amortization of Property

A reconciliation of supplemental segment financial information is as follows:

Three Months Ended						Service Center						Engineered Solutions						Total
December 31, 2025
Depreciation and amortization of property						$	4,306					$	2,284					$	6,590
Amortization of intangibles						713						9,413						10,126
Capital expenditures						4,391						1,886						6,277
December 31, 2024
Depreciation and amortization of property						$	4,383					$	1,543					$	5,926
Amortization of intangibles						812						6,755						7,567
Capital expenditures						4,644						553						5,197

Six Months Ended						Service Center						Engineered Solutions						Total
December 31, 2025
Assets used in the business						$	1,781,661					$	1,377,661					$	3,159,322
Depreciation and amortization of property						8,541						4,535						13,076
Amortization of intangibles						1,443						18,886						20,329
Capital expenditures						10,719						2,859						13,578
December 31, 2024
Assets used in the business						$	1,588,471					$	1,456,170					$	3,044,641
Depreciation and amortization of property						8,802						3,048						11,850
Amortization of intangibles						1,614						13,553						15,167
Capital expenditures						9,079						1,667						10,746

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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.

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-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
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-Publisher FASB
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