Restructuring and Other Charges, Net

3 Months Ended

Sep. 30, 2026

We recorded a net benefit from the reversal of restructuring and related charges of $0.1 million for the three months ended September 30, 2026. Included in this amount were restructuring related charges of $0.1 million included in cost of goods sold.

Also included in other charges, net for the three months ended September 30, 2026 was an impairment of $5.0 million related to an equity investment and a charge of $0.6 million related to an impairment of property.

We recorded restructuring and related charges of $3.2 million for the three months ended September 30, 2025, which consisted of $3.3 million in Metal Cutting and a reversal of $0.1 million in Infrastructure. Included in this amount were restructuring related charges of $1.6 million included in cost of goods sold.

As of September 30, 2026, $5.8 million and $1.5 million of the restructuring accrual was recorded in other current liabilities and other liabilities, respectively, in our condensed consolidated balance sheet. As of June 30, 2026, $7.5 million and $2.0 million of the restructuring accrual was recorded in other current liabilities and other liabilities, respectively. The amounts are as follows:


(in thousands)	June 30, 2026		Expense		Asset Write-Down		Translation		Cash Expenditures		September 30, 2026
Severance	$	9,564	$	(216)	$	—	$	3	$	(2,030)	$	7,321


Total	$	9,564	$	(216)	$	—	$	3	$	(2,030)	$	7,321