| Schedule of segment data |
Segment data is summarized as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended December 31, | | Six Months Ended December 31, | | (in thousands) | 2025 | | 2024 | | 2025 | | 2024 | | Sales: | | | | | | | | | Metal Cutting | $ | 331,059 | | | $ | 297,786 | | | $ | 641,684 | | | $ | 594,686 | | | Infrastructure | 198,466 | | | 184,265 | | | 385,815 | | | 369,313 | | | Total sales | $ | 529,525 | | | $ | 482,051 | | | $ | 1,027,499 | | | $ | 963,999 | | | | | | | | | | | Cost of goods sold: | | | | | | | | | Metal Cutting | $ | 211,270 | | | $ | 195,358 | | | $ | 412,045 | | | $ | 382,864 | | | Infrastructure | 144,355 | | | 141,663 | | | 286,950 | | | 285,095 | | | | | | | | | | | Operating expense: | | | | | | | | | Metal Cutting | $ | 88,039 | | | $ | 84,324 | | | $ | 174,212 | | | $ | 168,895 | | | Infrastructure | 27,796 | | | 24,449 | | | 54,060 | | | 51,006 | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | Restructuring and other charges, net: | | | | | | | | | Metal Cutting | $ | 1,595 | | | $ | 1,138 | | | $ | 3,313 | | | $ | 1,759 | | | Infrastructure | 933 | | | 197 | | | 804 | | | 187 | | | | | | | | | | | Amortization of intangibles: | | | | | | | | | Metal Cutting | $ | 396 | | | $ | 380 | | | $ | 792 | | | $ | 759 | | | Infrastructure | 1,981 | | | 2,340 | | | 3,960 | | | 4,679 | | | | | | | | | | | Operating income: | | | | | | | | | Metal Cutting | $ | 29,758 | | | $ | 16,586 | | | $ | 51,322 | | | $ | 40,408 | | | Infrastructure | 23,402 | | | 15,612 | | | 40,042 | | | 28,347 | | | Total segment operating income | 53,160 | | | 32,198 | | | 91,364 | | | 68,755 | | | Unallocated corporate expenses | (499) | | | (531) | | | (1,143) | | | (1,062) | | | Total operating income | $ | 52,661 | | | $ | 31,667 | | | $ | 90,221 | | | $ | 67,693 | | | Interest expense | 6,089 | | | 6,180 | | | 12,275 | | | 12,493 | | | Other income, net | (2,097) | | | (1,477) | | | (4,418) | | | (3,136) | | | Income before income taxes | $ | 48,669 | | | $ | 26,964 | | | $ | 82,364 | | | $ | 58,336 | | | | | | | | | | | Depreciation and amortization: | | | | | | | | | Metal Cutting | $ | 23,762 | | | $ | 23,332 | | | $ | 48,210 | | | $ | 46,331 | | | Infrastructure | 10,606 | | | 10,679 | | | 21,203 | | | 21,237 | | | Total depreciation and amortization | $ | 34,368 | | | $ | 34,011 | | | $ | 69,413 | | | $ | 67,568 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Capital expenditures: | | | | | | | | | Metal Cutting | $ | 5,622 | | | $ | 12,145 | | | $ | 16,821 | | | $ | 28,425 | | | Infrastructure | 7,089 | | | 7,075 | | | 18,871 | | | 15,542 | | | Total capital expenditures | $ | 12,711 | | | $ | 19,220 | | | $ | 35,692 | | | $ | 43,967 | | | | | | | | | | | | | | | December 31, 2025 | | December 31, 2024 | Segment assets (3) : | | | | | | | | | Metal Cutting | | | | | $ | 1,386,239 | | | $ | 1,363,197 | | | Infrastructure | | | | | 748,730 | | | 679,169 | | | Corporate | | | | | 460,587 | | | 393,439 | | | Total assets | | | | | $ | 2,595,556 | | | $ | 2,435,805 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
(3) Metal Cutting and Infrastructure segment assets are principally accounts receivable, less allowance for doubtful accounts; inventories; property, plant and equipment, net; goodwill; other intangible assets, net of accumulated amortization; and operating lease ROU assets. Corporate assets are principally cash and cash equivalents, other current assets, long-term prepaid pension benefit, deferred income taxes and other assets. |