| Segment financial information |
Segment Financial Information | | | | | | | | | | | | | | | | | | | Year Ended June 30, 2025 | Service Center | | Engineered Solutions | | Total | | Total sales | $ | 3,017,254 | | | $ | 1,601,211 | | | $ | 4,618,465 | | Less: Inter-segment sales1 | 2,906 | | | 52,135 | | | 55,041 | | | Net sales | $ | 3,014,348 | | | $ | 1,549,076 | | | $ | 4,563,424 | | | Less segment expenses: | | | | | | | Cost of sales | 2,135,158 | | | 1,045,107 | | | | Selling, distribution, and administrative expense, including depreciation2 | 485,720 | | | 315,231 | | | | | Segment operating income | $ | 393,470 | | | $ | 188,738 | | | $ | 582,208 | | | Corporate & other expense, net | | | | | 83,679 | | | Interest expense, net | | | | | 612 | | | Other income, net | | | | | (3,050) | | | Income before income taxes | | | | | $ | 500,967 | | | | | | | | | Year Ended June 30, 2024 | Service Center | | Engineered Solutions | | Total | | Total sales | $ | 3,059,363 | | | $ | 1,472,617 | | | $ | 4,531,980 | | Less: Inter-segment sales1 | 2,808 | | | 49,766 | | | 52,574 | | | Net sales | $ | 3,056,555 | | | $ | 1,422,851 | | | $ | 4,479,406 | | | Less segment expenses: | | | | | | | Cost of sales | 2,173,085 | | | 969,668 | | | | Selling, distribution, and administrative expense, including depreciation2 | 486,476 | | | 272,074 | | | | | Segment operating income | $ | 396,994 | | | $ | 181,109 | | | $ | 578,103 | | | Corporate & other expense, net | | | | | 82,280 | | | Interest expense, net | | | | | 2,831 | | | Other income, net | | | | | (5,138) | | | Income before income taxes | | | | | $ | 498,130 | | | | | | | | | Year Ended June 30, 2023 | Service Center | | Engineered Solutions | | Total | | Total sales | $ | 2,969,494 | | | $ | 1,491,750 | | | $ | 4,461,244 | | Less: Inter-segment sales1 | 2,652 | | | 45,798 | | | 48,450 | | | Net sales | $ | 2,966,842 | | | $ | 1,445,952 | | | $ | 4,412,794 | | | Less segment expenses: | | | | | | | Cost of sales | 2,120,467 | | | 1,005,362 | | | | Selling, distribution, and administrative expense, including depreciation2 | 475,793 | | | 265,134 | | | | | Segment operating income | $ | 370,582 | | | $ | 175,456 | | | $ | 546,038 | | | Corporate & other expense, net | | | | | 72,887 | | | Interest expense, net | | | | | 21,639 | | | Other expense, net | | | | | 1,701 | | | Income before income taxes | | | | | $ | 449,811 | |
1The Company accounts for inter-segment sales using market rates. 2Amortization of intangibles is recorded within selling, distribution, and administrative expense, and therefore included in segment operating income for all periods presented. Supplemental Segment Financial Information | | | | | | | | | | | | | | | | | | | Service Center | | Engineered Solutions | | Total | | Year Ended June 30, 2025 | | | | | | | Assets used in the business | $ | 1,765,631 | | | $ | 1,409,913 | | | $ | 3,175,544 | | | Depreciation and amortization of property | 17,492 | | | 7,407 | | | 24,899 | | | Amortization of intangibles | 3,144 | | | 32,437 | | | 35,581 | | | Capital expenditures | 22,544 | | | 4,643 | | | 27,187 | | | Year Ended June 30, 2024 | | | | | | | Assets used in the business | $ | 1,865,269 | | | $ | 1,086,641 | | | $ | 2,951,910 | | | Depreciation and amortization of property | 17,700 | | | 5,731 | | | 23,431 | | | Amortization of intangibles | 3,188 | | | 25,735 | | | 28,923 | | | Capital expenditures | 18,040 | | | 6,824 | | | 24,864 | | | Year Ended June 30, 2023 | | | | | | | Assets used in the business | $ | 1,736,393 | | | $ | 1,006,939 | | | $ | 2,743,332 | | | Depreciation and amortization of property | 17,932 | | | 4,334 | | | 22,266 | | | Amortization of intangibles | 2,857 | | | 27,948 | | | 30,805 | | | Capital expenditures | 15,390 | | | 11,086 | | | 26,476 | |
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