v3.26.1
Segment Information, Geographic and Product Data (Tables)
 12 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Summary of Results of Operation, Depreciation and Amortization, Capital Expenditures and Total Assets by Reportable Segments Net sales and operating income by segment for the years ended June 30, 2026, 2025 and 2024 were as follows:
Year Ended June 30, 2026Year Ended June 30, 2025Year Ended June 30, 2024
($ in millions)SAOPEPTotalSAOPEPTotalSAOPEPTotal
Sales to external customers$2,811.7 $312.5 $3,124.2 $2,548.7 $328.4 $2,877.1 $2,432.8 $326.9 $2,759.7 
Intersegment sales15.1 70.5 85.6 14.9 77.0 91.9 11.0 84.1 95.1 
Total sales2,826.8 383.0 3,209.8 2,563.6 405.4 2,969.0 2,443.8 411.0 2,854.8 
Reconciliation of sales
Elimination of intersegment(85.6)(91.9)(95.1)
Consolidated net sales$3,124.2 $2,877.1 $2,759.7 
Less: (a)
Cost of sales1,920.7 331.9 2,252.6 1,855.8 344.0 2,199.8 1,923.0 349.5 2,272.5 
Other segment items (b)123.2 21.0 144.2 119.2 24.4 143.6 112.3 25.5 137.8 
Segment operating income782.9 30.1 813.0 588.6 37.0 625.6 408.5 36.0 444.5 
Reconciliation of operating income
Corporate costs (c)(108.7)(102.9)(123.0)
Elimination of intersegment(2.3)(0.9)1.6 
Consolidated operating income$702.0 $521.8 $323.1 
Other items:
Interest expense, net37.8 48.4 51.0 
Debt extinguishment losses15.6 — — 
Other (income) expense, net(7.6)6.1 60.5 
Income before income taxes$656.2 $467.3 $211.6 
(a)    The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM. Intersegment expenses are included within the amounts shown.
(b)    Other segment items for each reportable segment primarily includes selling, general and administrative expenses.
(c)    Corporate costs include executive and director compensation, and other corporate facilities and administrative expenses not allocated to the segments. Corporate costs also include other items that management considers not representative of ongoing operations, such as restructuring charges and other specifically identified income or expense items.
Additional data by segment for the years ended June 30, 2026, 2025 and 2024 is as follows:

Depreciation and AmortizationYears Ended June 30,
($ in millions)202620252024
Specialty Alloys Operations$124.3 $117.3 $113.3 
Performance Engineered Products17.7 16.5 16.3 
Corporate5.1 5.4 5.0 
Consolidated depreciation and amortization$147.1 $139.2 $134.6 
Capital ExpendituresYears Ended June 30,
($ in millions)202620252024
Specialty Alloys Operations$226.1 $135.9 $80.0 
Performance Engineered Products12.4 15.0 13.2 
Corporate4.2 3.4 3.4 
Consolidated capital expenditures$242.7 $154.3 $96.6 
Total AssetsJune 30,
($ in millions)20262025
Specialty Alloys Operations$2,962.0 $2,649.3 
Performance Engineered Products400.3 413.5 
Total segment assets3,362.3 3,062.8 
Corporate491.0 433.2 
Intersegment(15.0)(9.2)
Consolidated total assets$3,838.3 $3,486.8 
Summary of Long-Lived Assets by Geographic Segment
Long-lived Assets (a)June 30,
($ in millions)20262025
United States$1,483.8 $1,354.4 
Europe2.3 3.0 
Mexico1.0 1.2 
Asia Pacific0.4 0.4 
Canada0.4 0.4 
Consolidated long-lived assets$1,487.9 $1,359.4 
(a)    Long-lived assets consist primarily of property, plant, equipment and software, net.