Segment Reporting (Tables)

9 Months Ended

Mar. 31, 2025

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 March 31,				Nine Months Ended March 31,
	2025		2024		2025		2024
Segment revenue
Networking	$	897,317	$	618,824	$	2,476,102	$	1,615,908
Materials	236,672		238,982		717,574		737,300
Lasers	363,890		351,003		1,087,003		1,040,118
Total segment revenue	1,497,879		1,208,809		4,280,679		3,393,326

Intersegment revenue
Networking	14,678		10,892		41,689		33,758
Materials	133,178		132,177		384,468		315,961
Lasers	1,890		1,513		5,772		3,357
Unallocated	(149,746)		(144,582)		(431,929)		(353,076)
Total intersegment revenue	—		—		—		—

Segment profit
Networking	175,352		97,737		464,527		253,800
Materials	83,814		70,656		249,039		176,978
Lasers	93,061		41,681		244,320		149,922
Total segment profit	352,227		210,074		957,886		580,700

Unallocated Corporate expenses
Corporate and centralized function costs (1)	(72,974)		(58,132)		(196,035)		(165,336)
Share-based compensation	(40,166)		(26,413)		(116,656)		(98,189)
Restructuring costs (2)	(73,769)		(11,530)		(106,154)		(12,978)
Integration, site consolidation and other costs (3)	(6,404)		(19,442)		(24,485)		(54,894)
Amortization of intangibles	(87,163)		(72,252)		(230,741)		(216,421)

Interest expense	(57,284)		(72,753)		(188,206)		(220,689)
Other (income) expense, net	(4,577)		18,597		61,988		30,252
Earnings (loss) before income taxes	$	9,890	$	(31,851)	$	157,597	$	(157,555)

Expenditures for property, plant, and equipment
Networking	$	69,267	$	20,884	$	188,164	$	74,751
Materials	33,909		61,119		98,408		156,142
Lasers	8,643		11,239		22,914		16,016

Total expenditures for property, plant, and equipment	$	111,819	$	93,242	$	309,486	$	246,909

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

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

(3)Integration and site consolidation costs in the three and nine months ended March 31, 2025 includes $5 million and $21 million, respectively, in consulting and legal costs related to projects to integrate recent acquisitions into common technology systems and simplify legal entity structure, and $1 million and $3 million, respectively, of employee severance and retention costs related to sites being shut down as part of our Synergy and Site Consolidation Plan. Integration and site consolidation costs in the three and nine months ended March 31, 2024 primarily include $11

million and $34 million, respectively, in consulting costs related to projects to integrate recent acquisitions into common technology systems and simplify legal entity structure, and $8 million and $21 million, respectively, of employee severance and retention and other 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	March 31, 2025		June 30, 2024
Networking	$	3,752,339	$	3,472,866
Materials	2,864,492		3,017,858
Lasers	7,233,471		7,361,731
Corporate and shared services	594,523		636,179
Total assets	$	14,444,825	$	14,488,634