Segment Reporting (Tables)

6 Months Ended

Dec. 31, 2024

Schedule of Financial Information by Segment

The following table summarizes selected financial information of our operations by segment and reconciles segment profit to consolidated earnings (loss) before income taxes for the periods presented ($000):


	Three Months Ended December 31,				Six Months Ended December 31,
	2024		2023		2024		2023
Segment revenue
Networking	$	815,913	$	524,235	1,578,785		997,084
Materials	243,475		253,678		480,902		498,318
Lasers	375,277		353,521		723,113		689,115
Total segment revenue	1,434,665		1,131,434		2,782,800		2,184,517

Intersegment revenue
Networking	12,584		9,979		27,011		22,866
Materials	119,122		96,042		251,290		183,784
Lasers	2,318		1,205		3,882		1,844
Unallocated	(134,024)		(107,226)		(282,183)		(208,494)
Total intersegment revenue	—		—		—		—

Segment profit
Networking	153,269		95,350		289,175		156,063
Materials	74,117		56,220		165,225		106,322
Lasers	87,520		62,548		151,259		108,241
Total segment profit	314,906		214,118		605,659		370,626

Unallocated Corporate items
Corporate and centralized function costs (1)	(49,959)		(61,669)		(123,061)		(107,204)
Share-based compensation	(41,012)		(27,252)		(76,490)		(71,776)
Restructuring costs (2)	(8,021)		1,570		(32,385)		(1,448)
Integration, site consolidated and other costs (3)	(7,332)		(23,376)		(18,081)		(35,454)
Amortization of intangibles	(71,716)		(71,507)		(143,578)		(144,168)

Interest expense	(64,278)		(74,678)		(130,922)		(147,936)
Other (income) expense, net	55,816		5,387		66,565		11,656
Earnings (loss) before income taxes	$	128,404	$	(37,407)	$	147,707	$	(125,704)

Expenditures for property, plant, and equipment
Networking	$	70,211	$	36,374	$	118,897	$	53,867
Materials	30,703		54,511		64,499		95,023
Lasers	4,769		585		14,271		4,777

Total expenditures for property, plant, and equipment	$	105,683	$	91,470	$	197,667	$	153,667

(1)We do not allocate corporate and centralized function costs that are not directly attributable to our operating segments.

(2)See Note 17. Restructuring Plan for further information.

(3)Integration and site consolidation costs in the three and six months ended December 31, 2024 includes $4 million and $15 million, respectively, in consulting costs related to projects to integrate recent acquisitions into common technology systems and simplify legal entity structure, and $3 million and $2 million, respectively, of employee severance and retention costs related to sites being shut down as part of our 2023 Restructuring Plan or Synergy and Site Consolidation Plan. Integration and site consolidation costs in the three and six months ended December 31, 2023

primarily include $16 million and $23 million, respectively, in consulting costs related to projects to integrate recent acquisitions into common technology systems and simplify legal entity structure, and $4 million and $6 million, respectively, of employee severance and retention costs related to sites being shut down as part of our 2023 Restructuring Plan or Synergy and Site Consolidation Plan.

Schedule of Segment Assets

The following table summarizes segment assets ($000):


Segment assets and reconciliation to total assets	December 31, 2024		June 30, 2024
Networking	$	3,545,700	$	3,472,866
Materials	2,862,533		3,017,858
Lasers	7,062,988		7,361,731
Corporate and shared services	726,113		636,179
Total assets	$	14,197,334	$	14,488,634