| Schedule of Segment financial information |
These corporate and other expenses reconcile segment operating income to total consolidated income before income taxes. | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, 2026 | Service Center | | Engineered Solutions | | Total | | Total sales | $ | 816,580 | | | $ | 492,964 | | | $ | 1,309,544 | | Less: Inter-segment sales¹ | 1,231 | | | 17,143 | | | 18,374 | | | Net sales | $ | 815,349 | | | $ | 475,821 | | | $ | 1,291,170 | | | Less segment expenses: | | | | | | | Cost of sales | 577,475 | | | 321,482 | | | | Selling, distribution, and administrative expense, including depreciation² | 132,557 | | | 93,416 | | | | | Segment operating income | $ | 105,317 | | | $ | 60,923 | | | $ | 166,240 | | | Corporate & other expense, net | | | | | 22,648 | | | Interest expense, net | | | | | 3,087 | | | Other income, net | | | | | (436) | | | Income before income taxes | | | | | $ | 140,941 | | | | | | | | | Three Months Ended September 30, 2025 | Service Center | | Engineered Solutions | | Total | | Total sales | $ | 783,848 | | | $ | 433,573 | | | $ | 1,217,421 | | Less: Inter-segment sales¹ | 1,374 | | | 16,524 | | | 17,898 | | | Net sales | $ | 782,474 | | | $ | 417,049 | | | $ | 1,199,523 | | | Less segment expenses: | | | | | | | Cost of sales | 556,201 | | | 281,893 | | | | Selling, distribution, and administrative expense, including depreciation² | 122,220 | | | 89,296 | | | | | Segment operating income | $ | 104,053 | | | $ | 45,860 | | | $ | 149,913 | | | Corporate & other expense, net | | | | | 20,883 | | | Interest expense, net | | | | | 993 | | | Other income, net | | | | | (548) | | | Income before income taxes | | | | | $ | 128,585 | |
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. A reconciliation of supplemental segment financial information is as follows:
| | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Service Center | | Engineered Solutions | | Total | | September 30, 2026 | | | | | | | | Assets used in the business | | $ | 1,582,330 | | | $ | 1,401,419 | | | $ | 2,983,749 | | | Depreciation and amortization of property | | 4,667 | | | 1,958 | | | 6,625 | | | Amortization of intangibles | | 727 | | | 8,940 | | | 9,667 | | | Capital expenditures | | 12,286 | | | 727 | | | 13,013 | | | | | | | | | | September 30, 2025 | | | | | | | | Assets used in the business | | $ | 1,785,052 | | | $ | 1,400,422 | | | $ | 3,185,474 | | | Depreciation and amortization of property | | 4,235 | | | 2,251 | | | 6,486 | | | Amortization of intangibles | | 730 | | | 9,473 | | | 10,203 | | | Capital expenditures | | 6,328 | | | 973 | | | 7,301 | |
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