v3.26.1
Inventories
9 Months Ended
Mar. 31, 2026
Inventory Disclosure [Abstract]  
INVENTORIES INVENTORIES
We used the last-in, first-out (LIFO) method of valuing inventories for 30 percent and 34 percent of total inventories at March 31, 2026 and June 30, 2025, respectively. Inventory valuations under the LIFO method are based on an annual determination of quantities and costs as of June 30 of each year; therefore, the interim LIFO valuations are based on our projections of expected year-end inventory levels and costs and are subject to any final year-end LIFO inventory adjustments.
Inventories consisted of the following: 
(in thousands)March 31, 2026
June 30, 2025
Finished goods$355,583 $328,243 
Work in process and powder blends392,921 225,726 
Raw materials159,208 90,257 
Inventories at current cost907,712 644,226 
Less: LIFO valuation(160,366)(105,989)
Total inventories$747,346 $538,237