| Schedule of Disaggregation of Revenue |
Comparative information regarding the Company’s overall revenues by global and geographical markets for the quarters and year-to-date periods ended June 28, 2026 and June 29, 2025 is included in the following tables. | | | | | | | | | | | | | | | | | | | | | | | | | | | | (in millions) | | Quarter ended | | | June 28, 2026 | | June 29, 2025 | | | HPMC | AA&S | Total | | HPMC | AA&S | Total | | Diversified Global Markets: | | | | | | | | | | Aerospace & Defense: | | | | | | | | | | Jet Engines - Commercial | | $ | 462.0 | | $ | 46.3 | | $ | 508.3 | | | $ | 419.6 | | $ | 28.2 | | $ | 447.8 | | | Airframes - Commercial | | 74.5 | | 117.2 | | 191.7 | | | 77.3 | | 117.9 | | 195.2 | | | Defense | | 53.5 | | 108.5 | | 162.0 | | | 61.8 | | 57.0 | | 118.8 | | | Total Aerospace & Defense | | 590.0 | | 272.0 | | 862.0 | | | 558.7 | | 203.1 | | 761.8 | | | | | | | | | | | | Other Markets: | | | | | | | | | | Specialty Energy | | 15.3 | | 43.9 | | 59.2 | | | 14.7 | | 48.8 | | 63.5 | | | Electronics | | — | | 38.2 | | 38.2 | | | — | | 43.7 | | 43.7 | | | Medical | | 7.7 | | 15.3 | | 23.0 | | | 15.4 | | 23.5 | | 38.9 | | | Automotive | | 1.0 | | 71.3 | | 72.3 | | | 2.8 | | 62.0 | | 64.8 | | | Conventional Energy | | 2.7 | | 100.8 | | 103.5 | | | 1.4 | | 91.5 | | 92.9 | | | Construction/Mining | | 10.9 | | 24.0 | | 34.9 | | | 8.1 | | 25.2 | | 33.3 | | | Other | | 9.5 | | 58.5 | | 68.0 | | | 7.7 | | 33.8 | | 41.5 | | | Total Other Markets | | 47.1 | | 352.0 | | 399.1 | | | 50.1 | | 328.5 | | 378.6 | | | | | | | | | | | | Total | | $ | 637.1 | | $ | 624.0 | | $ | 1,261.1 | | | $ | 608.8 | | $ | 531.6 | | $ | 1,140.4 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | (in millions) | | Year-to-date period ended | | | June 28, 2026 | | June 29, 2025 | | | HPMC | AA&S | Total | | HPMC | AA&S | Total | | Diversified Global Markets: | | | | | | | | | | Aerospace & Defense: | | | | | | | | | | Jet Engines - Commercial | | $ | 893.0 | | $ | 87.3 | | $ | 980.3 | | | $ | 816.9 | | $ | 52.3 | | $ | 869.2 | | | Airframes - Commercial | | 153.2 | | 225.1 | | 378.3 | | | 159.1 | | 241.9 | | 401.0 | | | Defense | | 112.5 | | 188.5 | | 301.0 | | | 120.2 | | 125.8 | | 246.0 | | | Total Aerospace & Defense | | 1,158.7 | | 500.9 | | 1,659.6 | | | 1,096.2 | | 420.0 | | 1,516.2 | | | | | | | | | | | | Other Markets: | | | | | | | | | | Specialty Energy | | 30.9 | | 89.9 | | 120.8 | | | 27.1 | | 86.9 | | 114.0 | | | Electronics | | — | | 66.5 | | 66.5 | | | — | | 83.3 | | 83.3 | | | Medical | | 17.4 | | 33.1 | | 50.5 | | | 31.2 | | 50.1 | | 81.3 | | | Automotive | | 1.7 | | 132.1 | | 133.8 | | | 4.2 | | 121.2 | | 125.4 | | | Conventional Energy | | 4.6 | | 183.1 | | 187.7 | | | 3.1 | | 211.6 | | 214.7 | | | Construction/Mining | | 22.6 | | 51.3 | | 73.9 | | | 15.2 | | 51.0 | | 66.2 | | | Other | | 15.5 | | 104.3 | | 119.8 | | | 15.9 | | 67.8 | | 83.7 | | | Total Other Markets | | 92.7 | | 660.3 | | 753.0 | | | 96.7 | | 671.9 | | 768.6 | | | | | | | | | | | | Total | | $ | 1,251.4 | | $ | 1,161.2 | | $ | 2,412.6 | | | $ | 1,192.9 | | $ | 1,091.9 | | $ | 2,284.8 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | (in millions) | | Quarter ended | | | June 28, 2026 | | June 29, 2025 | | | HPMC | AA&S | Total | | HPMC | AA&S | Total | | Primary Geographical Market: | | | | | | | | | | United States | | $ | 380.2 | | $ | 417.1 | | $ | 797.3 | | | $ | 350.3 | | $ | 300.1 | | $ | 650.4 | | | Europe | | 173.8 | | 59.0 | | 232.8 | | | 168.7 | | 67.1 | | 235.8 | | | Asia | | 36.4 | | 73.1 | | 109.5 | | | 43.8 | | 105.4 | | 149.2 | | | Canada | | 21.9 | | 21.3 | | 43.2 | | | 17.0 | | 22.9 | | 39.9 | | | South America, Middle East and other | | 24.8 | | 53.5 | | 78.3 | | | 29.0 | | 36.1 | | 65.1 | | | Total | | $ | 637.1 | | $ | 624.0 | | $ | 1,261.1 | | | $ | 608.8 | | $ | 531.6 | | $ | 1,140.4 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | (in millions) | | Year-to-date period ended | | | June 28, 2026 | | June 29, 2025 | | | HPMC | AA&S | Total | | HPMC | AA&S | Total | | Primary Geographical Market: | | | | | | | | | | United States | | $ | 715.8 | | $ | 774.0 | | $ | 1,489.8 | | | $ | 666.7 | | $ | 627.5 | | $ | 1,294.2 | | | Europe | | 375.4 | | 106.1 | | 481.5 | | | 360.0 | | 136.5 | | 496.5 | | | Asia | | 73.3 | | 140.1 | | 213.4 | | | 77.1 | | 186.4 | | 263.5 | | | Canada | | 41.7 | | 43.7 | | 85.4 | | | 37.1 | | 42.6 | | 79.7 | | | South America, Middle East and other | | 45.2 | | 97.3 | | 142.5 | | | 52.0 | | 98.9 | | 150.9 | | | Total | | $ | 1,251.4 | | $ | 1,161.2 | | $ | 2,412.6 | | | $ | 1,192.9 | | $ | 1,091.9 | | $ | 2,284.8 | | | | | | | | | | |
Comparative information regarding the Company’s major products based on their percentages of sales is included in the following table. Hot-Rolling and Processing Facility (HRPF) conversion service sales in the AA&S segment are excluded from this presentation. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Quarter ended | | | June 28, 2026 | | June 29, 2025 | | | HPMC | AA&S | Total | | HPMC | AA&S | Total | | Diversified Products and Services: | | | | | | | | | | Nickel-based alloys and specialty alloys | | 51 | % | 52 | % | 51 | % | | 44 | % | 53 | % | 48 | % | | Precision forgings, castings and components | | 35 | % | — | % | 18 | % | | 39 | % | — | % | 21 | % | | Titanium and titanium-based alloys | | 14 | % | 16 | % | 15 | % | | 17 | % | 17 | % | 17 | % | | Zirconium and related alloys | | — | % | 22 | % | 11 | % | | — | % | 19 | % | 9 | % | | Precision rolled strip products | | — | % | 10 | % | 5 | % | | — | % | 11 | % | 5 | % | | Total | | 100 | % | 100 | % | 100 | % | | 100 | % | 100 | % | 100 | % |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | Year-to-date period ended | | | June 28, 2026 | | June 29, 2025 | | | HPMC | AA&S | Total | | HPMC | AA&S | Total | | Diversified Products and Services: | | | | | | | | | | Nickel-based alloys and specialty alloys | | 48 | % | 52 | % | 50 | % | | 43 | % | 54 | % | 48 | % | | Precision forgings, castings and components | | 36 | % | — | % | 19 | % | | 39 | % | — | % | 21 | % | | Titanium and titanium-based alloys | | 16 | % | 16 | % | 16 | % | | 18 | % | 17 | % | 18 | % | | Zirconium and related alloys | | — | % | 21 | % | 10 | % | | — | % | 18 | % | 8 | % | | Precision rolled strip products | | — | % | 11 | % | 5 | % | | — | % | 11 | % | 5 | % | | Total | | 100 | % | 100 | % | 100 | % | | 100 | % | 100 | % | 100 | % |
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| Schedule of Accounts Receivable - Reserve for Doubtful Accounts |
The following represents the rollforward of accounts receivable - reserve for doubtful accounts for the year-to-date periods ended June 28, 2026 and June 29, 2025: | | | | | | | | | | (in millions) | | | | Accounts Receivable - Reserve for Doubtful Accounts | June 28,
2026 | June 29,
2025 | | Balance as of beginning of year | $ | 4.2 | | $ | 15.0 | | | Expense to increase the reserve | — | | 0.6 | | | Write-offs and recoveries of uncollectible accounts | — | | (12.2) | | | Balance as of period end | $ | 4.2 | | $ | 3.4 | |
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| Schedule of Contract Assets and Liabilities |
The following represents the rollforward of contract assets and liabilities for the year-to-date periods ended June 28, 2026 and June 29, 2025: | | | | | | | | | | (in millions) | | | | Contract Assets | | | | Short-term | June 28,
2026 | June 29,
2025 | | Balance as of beginning of year | $ | 72.8 | | $ | 75.6 | | | Recognized in current year | 84.1 | | 62.0 | | | Reclassified to accounts receivable | (61.0) | | (51.2) | | | Balance as of period end | $ | 95.9 | | $ | 86.4 | | | | |
| | | | | | | | | | (in millions) | | | Contract Liabilities | | | | Short-term | June 28,
2026 | June 29,
2025 | | Balance as of beginning of year | $ | 146.4 | | $ | 169.4 | | | Recognized in current year | 88.8 | | 78.6 | | | Amounts in beginning balance reclassified to revenue | (65.2) | | (68.6) | | | Current year amounts reclassified to revenue | (32.2) | | (22.0) | | | Other | (1.2) | | (0.4) | | | Reclassification from long-term | 6.9 | | 14.7 | | | Balance as of period end | $ | 143.5 | | $ | 171.7 | | | | | Long-term(a) | June 28,
2026 | June 29,
2025 | | Balance as of beginning of year | $ | 91.3 | | $ | 45.3 | | | Recognized in current year | 69.7 | | 2.4 | | | Amounts in beginning balance reclassified to revenue | (3.6) | | (0.4) | | | Other | (1.1) | | (2.4) | | | Reclassification to short-term | (6.9) | | (14.7) | | | Balance as of period end | $ | 149.4 | | $ | 30.2 | |
(a) Long-term contract liabilities are included in other long-term liabilities on the consolidated balance sheets.
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