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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Mar. 31, 2014
Mar. 31, 2013
CONSOLIDATED STATEMENTS OF INCOME        
NET SALES $ 566.3 $ 581.4 $ 1,568.4 $ 1,659.9
Cost of sales 471.8 480.4 1,275.2 1,346.9
Gross profit 94.5 101.0 293.2 313.0
Selling, general and administrative expenses 45.0 48.0 140.4 145.7
Operating income 49.5 53.0 152.8 167.3
Interest expense (2.7) (5.0) (10.8) (14.7)
Other (expense) income, net (0.6) 1.2 0.1 5.2
Income before income taxes 46.2 49.2 142.1 157.8
Income tax expense 15.6 16.3 47.4 52.2
Net income 30.6 32.9 94.7 105.6
Less: Net income attributable to noncontrolling interest       (0.5)
NET INCOME ATTRIBUTABLE TO CARPENTER $ 30.6 $ 32.9 $ 94.7 $ 105.1
EARNINGS PER COMMON SHARE:        
Basic (in dollars per share) $ 0.57 $ 0.62 $ 1.77 $ 1.98
Diluted (in dollars per share) $ 0.57 $ 0.62 $ 1.76 $ 1.97
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:        
Basic (in shares) 53.3 52.9 53.2 52.9
Diluted (in shares) 53.7 53.2 53.6 53.1
Cash dividends per common share (in dollars per share) $ 0.18 $ 0.18 $ 0.54 $ 0.54