SEGMENT INFORMATION (Tables)

3 Months Ended

Sep. 30, 2025

Schedule of Segment financial information

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


Three Months Ended September 30, 2025	Service Center		Engineered Solutions		Total
Total sales	$	783,848	$	433,573	$	1,217,421
Less: Inter-segment sales¹	1,374		16,524		17,898
Net sales	$	782,474	$	417,049	$	1,199,523
Less segment expenses:
Cost of sales	556,201		281,893
Selling, distribution, and administrative expense, including depreciation²	122,220		89,296
Segment operating income	$	104,053	$	45,860	$	149,913
Corporate & other expense, net					20,883
Interest expense, net					993
Other income, net					(548)
Income before income taxes					$	128,585

Three Months Ended September 30, 2024	Service Center		Engineered Solutions		Total
Total sales	$	750,345	$	361,898	$	1,112,243
Less: Inter-segment sales¹	606		12,693		13,299
Net sales	$	749,739	$	349,205	$	1,098,944
Less segment expenses:
Cost of sales	536,073		237,789
Selling, distribution, and administrative expense, including depreciation²	119,840		70,070
Segment operating income	$	93,826	$	41,346	$	135,172
Corporate & other expense, net					22,000
Interest expense, net					(627)
Other income, net					(2,281)
Income before income taxes					$	116,080

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.

A reconciliation of supplemental segment financial information is as follows:


Three Months Ended	Service Center		Engineered Solutions		Total
September 30, 2025
Assets used in the business	$	1,785,052	$	1,400,422	$	3,185,474
Depreciation and amortization of property	4,235		2,251		6,486
Amortization of intangibles	730		9,473		10,203
Capital expenditures	6,328		973		7,301

September 30, 2024
Assets used in the business	$	1,894,467	$	1,108,744	$	3,003,211
Depreciation and amortization of property	4,419		1,505		5,924
Amortization of intangibles	802		6,798		7,600
Capital expenditures	4,435		1,114		5,549