Business Segments (Tables)

6 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

Schedule of Results of Operation, Depreciation and Amortization, Capital Expenditures and Total Assets by Reportable Segments

Net Sales	Three Months Ended December 31,				Six Months Ended December 31,
($ in millions)	2023		2022		2023		2022
Specialty Alloys Operations	$	549.4	$	495.8	$	1,119.4	$	943.2
Performance Engineered Products	95.7		106.7		197.4		200.0
Intersegment	(20.9)		(23.4)		(40.7)		(41.2)
Consolidated net sales	$	624.2	$	579.1	$	1,276.1	$	1,102.0

Operating Income (Loss)	Three Months Ended December 31,				Six Months Ended December 31,
($ in millions)	2023		2022		2023		2022
Specialty Alloys Operations	$	83.3	$	30.3	$	164.1	$	50.2
Performance Engineered Products	7.1		9.3		16.2		15.6
Corporate	(20.7)		(16.4)		(42.0)		(33.5)
Intersegment	0.1		(0.6)		0.5		(1.4)
Consolidated operating income	$	69.8	$	22.6	$	138.8	$	30.9

Depreciation and Amortization	Three Months Ended December 31,				Six Months Ended December 31,
($ in millions)	2023		2022		2023		2022
Specialty Alloys Operations	$	28.4	$	27.3	$	56.2	$	54.4
Performance Engineered Products	4.0		3.8		8.0		7.7
Corporate	1.2		1.4		2.5		2.7
Consolidated depreciation and amortization	$	33.6	$	32.5	$	66.7	$	64.8

Capital Expenditures	Three Months Ended December 31,				Six Months Ended December 31,
($ in millions)	2023		2022		2023		2022
Specialty Alloys Operations	$	20.3	$	16.0	$	39.0	$	27.4
Performance Engineered Products	2.9		1.2		6.2		3.1
Corporate	2.0		0.3		2.2		0.5
Intersegment	0.1		—		(0.1)		—
Consolidated capital expenditures	$	25.3	$	17.5	$	47.3	$	31.0

Total Assets	December 31, 2023		June 30, 2023
($ in millions)
Specialty Alloys Operations	$	2,551.3	$	2,461.2
Performance Engineered Products	470.6		451.6
Corporate	152.8		159.0
Intersegment	(15.5)		(17.9)
Consolidated total assets	$	3,159.2	$	3,053.9