v3.26.3
Business Segments (Tables)
 3 Months Ended
Sep. 30, 2026
Segment Reporting [Abstract]  
Schedule of Financial Information by Segment and Results of Operation, Depreciation and Amortization, Capital Expenditures and Total Assets by Reportable Segments Net sales and operating income by segment for the three months ended September 30, 2026 and 2025 were as follows:
Three Months Ended September 30, 2026Three Months Ended September 30, 2025
($ in millions)SAOPEPTotalSAOPEPTotal
Sales to external customers$724.1 $74.1 $798.2 $656.1 $77.6 $733.7 
Intersegment sales6.3 17.0 23.3 3.5 16.0 19.5 
Total sales730.4 91.1 821.5 659.6 93.6 753.2 
Reconciliation of sales
Elimination of intersegment(23.3)(19.5)
Consolidated net sales$798.2 $733.7 
Less: (a)
Cost of sales485.5 78.6 564.1 458.0 78.8 536.8 
Other segment items (b)28.6 5.2 33.8 30.9 5.4 36.3 
Segment operating income216.3 7.3 223.6 170.7 9.4 180.1 
Reconciliation of operating income
Corporate costs (c)(26.1)(26.6)
Elimination of intersegment(1.1)(0.2)
Consolidated operating income$196.4 $153.3 
Other items:
Interest expense, net7.1 11.5 
Other income, net(3.1)(3.0)
Income before income taxes$192.4 $144.8 
(a)    The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM. Intersegment expenses are included within the amounts shown.
(b)    Other segment items for each reportable segment primarily includes selling, general and administrative expenses.
(c)    Corporate costs include executive and director compensation, and other corporate facilities and administrative expenses not allocated to the segments. Corporate costs also include other items that management considers not representative of ongoing operations, such as restructuring charges and other specifically identified income or expense items.
Additional data by segment for the three months ended September 30, 2026 and 2025 is as follows:
Depreciation and AmortizationThree Months Ended
September 30,
($ in millions)20262025
Specialty Alloys Operations$30.7 $30.4 
Performance Engineered Products4.7 4.4 
Corporate1.2 1.2 
Consolidated depreciation and amortization$36.6 $36.0 
Capital ExpendituresThree Months Ended
September 30,
($ in millions)20262025
Specialty Alloys Operations$74.4 $38.9 
Performance Engineered Products2.5 3.0 
Corporate0.8 0.7 
Consolidated capital expenditures$77.7 $42.6 
Total AssetsSeptember 30,
2026		June 30,
2026
($ in millions)
Specialty Alloys Operations$3,095.5 $2,962.0 
Performance Engineered Products398.3 400.3 
Total segment assets3,493.8 3,362.3 
Corporate261.5 491.0 
Intersegment(10.6)(15.0)
Consolidated total assets$3,744.7 $3,838.3 
Schedule of Long Lived Assets
Long-lived Assets (a)September 30,
2026		June 30,
2026
($ in millions)
United States$1,534.2 $1,483.8 
Europe2.2 2.3 
Mexico0.9 1.0 
Asia Pacific0.4 0.4 
Canada0.3 0.4 
Consolidated long-lived assets$1,538.0 $1,487.9 
(a)    Long-lived assets consist primarily of property, plant, equipment and software, net.