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Business Segments
 9 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Business Segments Business Segments
The Company has two reportable segments, Specialty Alloys Operations ("SAO") and Performance Engineered Products ("PEP").
 
The SAO segment is comprised of the Company's major premium alloy and stainless steel manufacturing operations. This includes operations performed at mills primarily in Reading and Latrobe, Pennsylvania and surrounding areas as well as South Carolina and Alabama. The combined assets of the SAO operations are managed in an integrated manner to optimize efficiency and profitability across the total system.
 
The PEP segment is comprised of the Company's differentiated operations. This segment includes the Dynamet titanium business, the Carpenter Additive business and the Latrobe and Mexico distribution businesses. The businesses in the PEP segment are managed with an entrepreneurial structure to promote flexibility and agility to quickly respond to market dynamics.
 
The Company's executive management evaluates the performance of these operating segments based on sales, operating income and cash flow generation. Segment operating results exclude general corporate costs, which include executive and director compensation, and other corporate facilities and administrative expenses not allocated to the segments. Also excluded are items that management considers not representative of ongoing operations, such as restructuring charges and other specifically identified income or expense items.

The service cost component of the Company's net pension expense, which represents the estimated cost of future pension liabilities earned associated with active employees, is included in the operating income of the business segments. The residual net pension expense, which is comprised of the expected return on plan assets, interest costs on the projected benefit obligations of the plans and amortization of actuarial gains and losses and prior service costs is included within other expense, net.

On a consolidated basis, no single customer accounted for 10 percent or more of net sales for the three and nine months ended March 31, 2025 or March 31, 2024. No single customer accounted for 10 percent or more of the accounts receivable outstanding as of March 31, 2025 or June 30, 2024.
Net SalesThree Months Ended
March 31,		Nine Months Ended
March 31,
($ in millions)2025202420252024
Specialty Alloys Operations$642.9 $608.5 $1,889.5 $1,728.0 
Performance Engineered Products104.9 102.4 300.8 299.9 
Intersegment(20.8)(26.0)(68.8)(66.8)
Consolidated net sales$727.0 $684.9 $2,121.5 $1,961.1 
Operating Income (Loss)Three Months Ended
March 31,		Nine Months Ended
March 31,
($ in millions)2025202420252024
Specialty Alloys Operations$151.4 $103.5 $421.5 $267.6 
Performance Engineered Products10.9 9.2 25.3 25.4 
Corporate costs(24.4)(37.1)(76.0)(79.1)
Intersegment(0.1)0.3 (0.4)0.9 
Consolidated operating income$137.8 $75.9 $370.4 $214.8 
Depreciation and AmortizationThree Months Ended
March 31,		Nine Months Ended
March 31,
($ in millions)2025202420252024
Specialty Alloys Operations$29.8 $28.8 $87.2 $85.0 
Performance Engineered Products4.2 4.1 12.2 12.1 
Corporate1.4 1.2 4.2 3.7 
Consolidated depreciation and amortization$35.4 $34.1 $103.6 $100.8 
Capital ExpendituresThree Months Ended
March 31,		Nine Months Ended
March 31,
($ in millions)2025202420252024
Specialty Alloys Operations$36.2 $17.6 $81.9 $56.6 
Performance Engineered Products2.8 3.2 12.5 9.4 
Corporate1.2 0.8 1.9 2.9 
Consolidated capital expenditures$40.2 $21.6 $96.3 $68.9 
Total AssetsMarch 31,
2025		June 30,
2024
($ in millions)
Specialty Alloys Operations$2,671.7 $2,542.2 
Performance Engineered Products427.2 431.5 
Corporate265.5 334.8 
Intersegment(2.6)(16.8)
Consolidated total assets$3,361.8 $3,291.7