| Schedule of segment data |
Segment data is summarized as follows: | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | | | (in thousands) | 2026 | | 2025 | | | | | | Sales: | | | | | | | | | Metal Cutting | $ | 398,155 | | | $ | 310,625 | | | | | | | Infrastructure | 370,038 | | | 187,349 | | | | | | | Total sales | $ | 768,193 | | | $ | 497,974 | | | | | | | | | | | | | | | Cost of goods sold: | | | | | | | | | Metal Cutting | $ | 178,417 | | | $ | 200,775 | | | | | | | Infrastructure | 76,170 | | | 142,595 | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | Three Months Ended September 30, | | | | (in thousands) | 2026 | | 2025 | | | | | | Operating expense: | | | | | | | | | Metal Cutting | $ | 95,963 | | | $ | 86,173 | | | | | | | Infrastructure | 30,345 | | | 26,264 | | | | | | | | | | | | | | | Restructuring and other charges, net: | | | | | | | | | Metal Cutting | $ | 5,389 | | | $ | 1,718 | | | | | | | Infrastructure | (34) | | | (129) | | | | | | | | | | | | | | | Amortization of intangibles: | | | | | | | | | Metal Cutting | $ | 318 | | | $ | 396 | | | | | | | Infrastructure | 1,833 | | | 1,979 | | | | | | | | | | | | | | | Operating income: | | | | | | | | | Metal Cutting | $ | 118,337 | | | $ | 21,564 | | | | | | | Infrastructure | 261,723 | | | 16,639 | | | | | | | Total segment operating income | 380,060 | | | 38,203 | | | | | | | Unallocated corporate expenses | (809) | | | (644) | | | | | | | Total operating income | $ | 379,251 | | | $ | 37,559 | | | | | | | Interest expense | 11,472 | | | 6,186 | | | | | | | Other expense (income), net | 11,063 | | | (2,322) | | | | | | | Income before income taxes | $ | 356,716 | | | $ | 33,695 | | | | | | | | | | | | | | | Depreciation and amortization: | | | | | | | | | Metal Cutting | $ | 23,328 | | | $ | 24,447 | | | | | | | Infrastructure | 10,478 | | | 10,598 | | | | | | | Total depreciation and amortization | $ | 33,806 | | | $ | 35,045 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Capital expenditures: | | | | | | | | | Metal Cutting | $ | 5,191 | | | $ | 11,615 | | | | | | | Infrastructure | 5,613 | | | 11,367 | | | | | | | Total capital expenditures | $ | 10,804 | | | $ | 22,982 | | | | | | | | | | | | | | Segment assets(3) : | | | | | | | | | Metal Cutting | $ | 1,494,913 | | | $ | 1,394,560 | | | | | | | Infrastructure | 1,700,631 | | | 701,801 | | | | | | | Corporate | 684,694 | | | 422,563 | | | | | | | Total assets | $ | 3,880,238 | | | $ | 2,518,924 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
(3) Metal Cutting and Infrastructure segment assets are principally accounts receivable, less allowance for doubtful accounts; inventories; property, plant and equipment, net; goodwill; other intangible assets, net of accumulated amortization. Corporate assets are principally cash and cash equivalents, other current assets, long-term prepaid pension benefit, deferred income taxes, operating lease ROU assets and other assets.
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