APPLIED INDUSTRIAL TECHNOLOGIES INC, 10-Q filed on 4/28/2026
Quarterly Report
v3.26.1
Cover - shares
 9 Months Ended
Mar. 31, 2026
Apr. 17, 2026
Cover [Abstract]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Mar. 31, 2026  
Document Transition Report false  
Entity File Number 1-2299  
Entity Registrant Name APPLIED INDUSTRIAL TECHNOLOGIES, INC.  
Entity Incorporation, State or Country Code OH  
Entity Tax Identification Number 34-0117420  
Entity Address, Address Line One One Applied Plaza  
Entity Address, City or Town Cleveland  
Entity Address, State or Province OH  
Entity Address, Postal Zip Code 44115  
City Area Code 216  
Local Phone Number 426-4000  
Title of 12(b) Security Common Stock, without par value  
Trading Symbol AIT  
Security Exchange Name NYSE  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding   36,959,541
Entity Central Index Key 0000109563  
Current Fiscal Year End Date --06-30  
Document Fiscal Year Focus 2026  
Document Fiscal Period Focus Q3  
Amendment Flag false  
v3.26.1
CONDENSED STATEMENTS OF CONSOLIDATED INCOME - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2026
Mar. 31, 2025
Income Statement [Abstract]        
Net sales $ 1,251,453 $ 1,166,749 $ 3,613,999 $ 3,338,694
Cost of sales 870,649 811,459 2,518,432 2,330,272
Gross profit 380,804 355,290 1,095,567 1,008,422
Selling, distribution and administrative expense, including depreciation 242,879 225,888 705,403 644,978
Operating income 137,925 129,402 390,164 363,444
Interest expense (income), net 2,447 853 4,382 (710)
Other expense (income), net 350 1,267 (703) (1,769)
Income before income taxes 135,128 127,282 386,485 365,923
Income tax expense 35,359 27,483 90,560 80,771
Net income $ 99,769 $ 99,799 $ 295,925 $ 285,152
Net income per share - basic (in dollars per share) $ 2.68 $ 2.60 $ 7.89 $ 7.43
Net income per share - diluted (in dollars per share) $ 2.65 $ 2.57 $ 7.79 $ 7.33
Weighted average common shares outstanding for basic computation (in shares) 37,223 38,322 37,527 38,383
Dilutive effect of potential common shares (in shares) 461 525 475 537
Weighted average common shares outstanding for diluted computation (in shares) 37,684 38,847 38,002 38,920
v3.26.1
CONDENSED STATEMENTS OF CONSOLIDATED COMPREHENSIVE INCOME - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2026
Mar. 31, 2025
Statement of Comprehensive Income [Abstract]        
Net income per the condensed statements of consolidated income $ 99,769 $ 99,799 $ 295,925 $ 285,152
Other comprehensive loss, before tax:        
Foreign currency translation adjustments (2,447) 1,814 2,139 (19,046)
Post-employment benefits:        
Reclassification of net actuarial losses (gains) and prior service cost, net, into other income, net and included in net periodic pension costs 1 (6) 7 (19)
Unrealized gain (loss) on cash flow hedge 0 21 262 (950)
Reclassification of interest from cash flow hedge into interest income, net (988) (3,654) (8,141) (12,436)
Total other comprehensive loss, before tax (3,434) (1,825) (5,733) (32,451)
Income tax benefit related to items of other comprehensive loss (243) (897) (1,897) (3,255)
Other comprehensive loss, net of tax (3,191) (928) (3,836) (29,196)
Comprehensive income, net of tax $ 96,578 $ 98,871 $ 292,089 $ 255,956
v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Jun. 30, 2025
Current assets    
Cash and cash equivalents $ 171,576 $ 388,417
Accounts receivable, net 792,849 769,699
Inventories 526,324 505,337
Other current assets 90,457 84,020
Total current assets 1,581,206 1,747,473
Property, less accumulated depreciation of $262,959 and $256,016, respectively 128,037 128,154
Operating lease assets, net 181,830 188,654
Identifiable intangibles, net 322,689 348,600
Goodwill 704,998 699,374
Other assets 69,951 63,289
TOTAL ASSETS 2,988,711 3,175,544
Current liabilities    
Accounts payable 303,057 280,124
Current portion of long-term debt 18,000 0
Compensation and related benefits 88,529 99,630
Other current liabilities 127,036 146,397
Total current liabilities 536,622 526,151
Long-term debt 347,300 572,300
Other liabilities 244,746 232,573
TOTAL LIABILITIES 1,128,668 1,331,024
Shareholders’ equity    
Preferred stock—no par value; 2,500 shares authorized; none issued or outstanding 0 0
Common stock—no par value; 80,000 shares authorized; 54,213 shares issued 10,000 10,000
Additional paid-in capital 202,368 198,970
Retained earnings 2,707,720 2,447,931
Treasury shares—at cost (17,158 and 16,345 shares, respectively) (964,523) (720,695)
Accumulated other comprehensive loss (95,522) (91,686)
TOTAL SHAREHOLDERS’ EQUITY 1,860,043 1,844,520
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 2,988,711 $ 3,175,544
v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)
$ in Thousands
Mar. 31, 2026
Jun. 30, 2025
Statement of Financial Position [Abstract]    
Property, less accumulated depreciation $ 262,959 $ 256,016
Preferred stock, shares authorized (in shares) 2,500,000 2,500,000
Preferred stock, shares issued (in shares) 0 0
Preferred stock, shares outstanding (in shares) 0 0
Common stock, shares authorized (in shares) 80,000,000 80,000,000
Common stock, shares issued (in shares) 54,213,000 54,213,000
Treasury shares (in shares) 17,158,000 16,345,000
v3.26.1
CONDENSED STATEMENTS OF CONSOLIDATED CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash Flows from Operating Activities    
Net Income $ 295,925 $ 285,152
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of property 19,472 18,433
Amortization of intangibles 30,213 25,385
Provision for losses on accounts receivable 1,095 2,652
Amortization of stock appreciation rights 4,174 3,570
Other share-based compensation expense 5,414 5,824
Changes in operating assets and liabilities, net of acquisitions (55,310) 5,371
Other, net 18,103 (1,050)
Net Cash provided by Operating Activities 319,086 345,337
Cash Flows from Investing Activities    
Net cash paid for acquisitions, net of cash acquired (11,425) (273,312)
Capital expenditures (18,312) (18,295)
Proceeds from property sales 986 1,022
Net Cash used in Investing Activities (28,751) (290,585)
Cash Flows from Financing Activities    
Net payments under revolving credit facility (207,000) 0
Long-term debt repayments 0 (25,106)
Interest rate swap settlement receipts 5,765 9,435
Payment of debt issuance costs (1,611) 0
Purchases of treasury shares (236,379) (79,794)
Dividends paid (53,727) (46,159)
Acquisition holdback payments (1,393) (1,210)
Taxes paid for shares withheld (12,812) (14,332)
Net Cash used in Financing Activities (507,157) (157,166)
Effect of Exchange Rate Changes on Cash (19) (5,361)
Decrease in Cash and Cash Equivalents (216,841) (107,775)
Cash and Cash Equivalents at Beginning of Period 388,417 460,617
Cash and Cash Equivalents at End of Period $ 171,576 $ 352,842
v3.26.1
CONDENSED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($)
shares in Thousands, $ in Thousands
Total
Restricted stock units
Total Shareholders' Equity
Total Shareholders' Equity
Stock Options and Stock Appreciation Rights
Total Shareholders' Equity
Performance share awards
Total Shareholders' Equity
Restricted stock units
Common Stock
Common Stock
Stock Options and Stock Appreciation Rights
Common Stock
Performance share awards
Common Stock
Restricted stock units
Additional Paid-In Capital
Additional Paid-In Capital
Stock Options and Stock Appreciation Rights
Additional Paid-In Capital
Performance share awards
Additional Paid-In Capital
Restricted stock units
Retained Earnings
Treasury Shares- at Cost
Treasury Shares- at Cost
Stock Options and Stock Appreciation Rights
Treasury Shares- at Cost
Performance share awards
Treasury Shares- at Cost
Restricted stock units
Accumulated Other Comprehensive Income (Loss)
Beginning balance (in shares) at Jun. 30, 2024             38,409                          
Beginning balance at Jun. 30, 2024     $ 1,688,781       $ 10,000       $ 193,778       $ 2,121,838 $ (559,269)       $ (77,566)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                        
Net income     92,063                       92,063          
Other comprehensive loss (income)     (8,942)                                 (8,942)
Cash dividends     (9)                       (9)          
Purchases of common stock for treasury (in Shares)             (52)                          
Purchases of common stock for treasury     (10,479)                         (10,479)        
Treasury shares issued for:                                        
Exercise of stock appreciation rights (in shares)               19                        
Additional Paid in Capital, Exercise of stock appreciation rights, Performance share awards, Restricted stock units                       $ (1,106) $ (2,213) $ (2,123)            
Exercise of stock appreciation rights                                 $ (1,339)      
Treasury shares issued for total shareholders' equity       $ (2,445) $ (5,507) $ (4,259)                            
Performance share awards (in shares)                 34                      
Performance share awards                                   $ (3,294)    
Restricted stock units (in shares)                   37                    
Restricted stock units                                     $ (2,136)  
Compensation expense     1,675 1,326             1,675 1,326                
Other (in shares)             (1)                          
Other     (127)               (12)       (24) (91)        
Ending balance (in shares) at Sep. 30, 2024             38,446                          
Ending balance at Sep. 30, 2024     1,752,077       $ 10,000       191,325       2,213,868 (576,608)       (86,508)
Beginning balance (in shares) at Jun. 30, 2024             38,409                          
Beginning balance at Jun. 30, 2024     1,688,781       $ 10,000       193,778       2,121,838 (559,269)       (77,566)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                        
Net income $ 285,152                                      
Other comprehensive loss (income) (29,196)                                     (29,196)
Ending balance (in shares) at Mar. 31, 2025             38,188                          
Ending balance at Mar. 31, 2025     1,827,481       $ 10,000       196,610       2,375,017 (647,384)       (106,762)
Beginning balance (in shares) at Sep. 30, 2024             38,446                          
Beginning balance at Sep. 30, 2024     1,752,077       $ 10,000       191,325       2,213,868 (576,608)       (86,508)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                        
Net income     93,290                       93,290          
Other comprehensive loss (income)     (19,326)                                 (19,326)
Cash dividends     (14,253)                       (14,253)          
Purchases of common stock for treasury (in Shares)             (75)                          
Purchases of common stock for treasury     (20,103)                         (20,103)        
Treasury shares issued for:                                        
Exercise of stock appreciation rights (in shares)               6                        
Additional Paid in Capital, Exercise of stock appreciation rights, Performance share awards, Restricted stock units                       (321)                
Exercise of stock appreciation rights                                 (402)      
Treasury shares issued for total shareholders' equity       (723)                                
Compensation expense     1,426 1,127             1,426 1,127                
Other     (3)                       (3)          
Ending balance (in shares) at Dec. 31, 2024             38,377                          
Ending balance at Dec. 31, 2024     1,793,512       $ 10,000       193,557       2,292,902 (597,113)       (105,834)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                        
Net income 99,799   99,799                       99,799          
Other comprehensive loss (income) (928)   (928)                                 (928)
Cash dividends     (17,683)                       (17,683)          
Purchases of common stock for treasury (in Shares)             (205)                          
Purchases of common stock for treasury     (49,765)                         (49,765)        
Treasury shares issued for:                                        
Exercise of stock appreciation rights (in shares)               8                        
Additional Paid in Capital, Exercise of stock appreciation rights, Performance share awards, Restricted stock units                       (495)   (118)            
Exercise of stock appreciation rights                                 (739)      
Treasury shares issued for total shareholders' equity       (1,234)   (61)                            
Restricted stock units (in shares)                   3                    
Restricted stock units                                     57  
Compensation expense     2,723 1,117             2,723 1,117                
Other (in shares)             5                          
Other     1               (174)       (1) 176        
Ending balance (in shares) at Mar. 31, 2025             38,188                          
Ending balance at Mar. 31, 2025     1,827,481       $ 10,000       196,610       2,375,017 (647,384)       (106,762)
Beginning balance (in shares) at Jun. 30, 2025             37,868                          
Beginning balance at Jun. 30, 2025 1,844,520   1,844,520       $ 10,000       198,970       2,447,931 (720,695)       (91,686)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                        
Net income     100,807                       100,807          
Other comprehensive loss (income)     (1,889)                                 (1,889)
Purchases of common stock for treasury (in Shares)             (204)                          
Purchases of common stock for treasury     (53,566)                         (53,566)        
Treasury shares issued for:                                        
Exercise of stock appreciation rights (in shares)               15                        
Additional Paid in Capital, Exercise of stock appreciation rights, Performance share awards, Restricted stock units                       (1,098) $ (1,942) (1,013)            
Exercise of stock appreciation rights                                 (1,270)      
Treasury shares issued for total shareholders' equity       (2,368) $ (4,847) $ (2,145)                            
Performance share awards (in shares)                 25                      
Performance share awards                                   $ (2,905)    
Restricted stock units (in shares)                   14                    
Restricted stock units                                     (1,132)  
Compensation expense     1,831 1,494             1,831 1,494                
Other     (82)               (1)       53 (134)        
Ending balance (in shares) at Sep. 30, 2025             37,718                          
Ending balance at Sep. 30, 2025     1,883,755       $ 10,000       198,241       2,548,791 (779,702)       (93,575)
Beginning balance (in shares) at Jun. 30, 2025             37,868                          
Beginning balance at Jun. 30, 2025 1,844,520   1,844,520       $ 10,000       198,970       2,447,931 (720,695)       (91,686)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                        
Net income 295,925                                      
Other comprehensive loss (income) (3,836)                                     (3,836)
Ending balance (in shares) at Mar. 31, 2026             37,055                          
Ending balance at Mar. 31, 2026 1,860,043   1,860,043       $ 10,000       202,368       2,707,720 (964,523)       (95,522)
Beginning balance (in shares) at Sep. 30, 2025             37,718                          
Beginning balance at Sep. 30, 2025     1,883,755       $ 10,000       198,241       2,548,791 (779,702)       (93,575)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                        
Net income     95,349                       95,349          
Other comprehensive loss (income)     1,244                                 1,244
Cash dividends     (17,306)                       (17,306)          
Purchases of common stock for treasury (in Shares)             (347)                          
Purchases of common stock for treasury     (89,807)                         (89,807)        
Treasury shares issued for:                                        
Exercise of stock appreciation rights (in shares)               13                        
Additional Paid in Capital, Exercise of stock appreciation rights, Performance share awards, Restricted stock units                       (897)   $ (19)            
Exercise of stock appreciation rights                                 (764)      
Treasury shares issued for total shareholders' equity       (1,661)                                
Restricted stock units (in shares)                   1                    
Restricted stock units   $ 0                                 $ 19  
Compensation expense     1,449 1,393             1,449 1,393                
Other (in shares)             (1)                          
Other     (8)               1       (7) (2)        
Ending balance (in shares) at Dec. 31, 2025             37,384                          
Ending balance at Dec. 31, 2025     1,874,408       $ 10,000       200,168       2,626,827 (870,256)       (92,331)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                        
Net income 99,769   99,769                       99,769          
Other comprehensive loss (income) (3,191)   (3,191)                                 (3,191)
Cash dividends     (19,004)                       (19,004)          
Purchases of common stock for treasury (in Shares)             (346)                          
Purchases of common stock for treasury     (93,864)                         (93,864)        
Treasury shares issued for:                                        
Exercise of stock appreciation rights (in shares)               13                        
Additional Paid in Capital, Exercise of stock appreciation rights, Performance share awards, Restricted stock units                       (978)                
Exercise of stock appreciation rights                                 $ (642)      
Treasury shares issued for total shareholders' equity       (1,620)                                
Compensation expense     2,134 $ 1,287             2,134 $ 1,287                
Other (in shares)             4                          
Other     124               (243)       128 239        
Ending balance (in shares) at Mar. 31, 2026             37,055                          
Ending balance at Mar. 31, 2026 $ 1,860,043   $ 1,860,043       $ 10,000       $ 202,368       $ 2,707,720 $ (964,523)       $ (95,522)
v3.26.1
CONDENSED STATEMENTS OF SHAREHOLDERS' EQUITY (Parentheticals) - $ / shares
 3 Months Ended
Mar. 31, 2026
Dec. 31, 2025
Mar. 31, 2025
Dec. 31, 2024
Sep. 30, 2024
Statement of Stockholders' Equity [Abstract]          
Cash dividends (in dollars per share) $ 0.51 $ 0.46 $ 0.46 $ 0.37 $ 0.37
v3.26.1
BASIS OF PRESENTATION
 9 Months Ended
Mar. 31, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
BASIS OF PRESENTATION BASIS OF PRESENTATION
The accompanying unaudited condensed consolidated financial statements were prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP") for interim financial information and with the instructions to Form 10-Q and Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation of the financial position of Applied Industrial Technologies, Inc. (the “Company”, or “Applied”) as of March 31, 2026, and the results of its operations and its cash flows for the nine months ended March 31, 2026 and 2025, have been included. The condensed consolidated balance sheet as of June 30, 2025 has been derived from the audited consolidated financial statements at that date. This Quarterly Report on Form 10-Q should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended June 30, 2025.
Operating results for the nine months ended March 31, 2026 are not necessarily indicative of the results that may be expected for the remainder of the fiscal year ending June 30, 2026.
Inventory
Inventories are valued at average cost, using the last-in, first-out ("LIFO") method for U.S. inventories. An actual valuation of inventory under the LIFO method can be made only at the end of each year based on the inventory levels and costs at that time. Accordingly, interim LIFO calculations are based on management’s estimates of expected year-end inventory levels and costs and are subject to the final year-end LIFO inventory determination. LIFO expense of $5,565 and $2,198 in the three months ended March 31, 2026 and 2025, respectively, and $15,119 and $4,841 in the nine months ended March 31, 2026 and 2025, respectively, is recorded in cost of sales in the condensed statements of consolidated income.
Reportable Segments
The Company's reportable segments are: Service Center and Engineered Solutions. These reportable segments contain the Company's various operating segments which are aggregated based upon similar economic and operating characteristics. The Service Center segment operates through local service centers and distribution centers with a focus on providing products and services addressing the maintenance and repair of motion control infrastructure and production equipment. Products primarily include industrial bearings, motors, belting, drives, couplings, pumps, linear motion products, hydraulic and pneumatic components, filtration supplies, and hoses, as well as other related supplies for general operational needs of customers’ machinery and equipment. The Engineered Solutions segment includes our operations that specialize in distributing, engineering, designing, integrating, and repairing hydraulic and pneumatic fluid power technologies; engineered flow control products and services; and advanced automation solutions including machine vision, robotics, motion control, and smart technologies. See Note 9 for further details.
Recently Issued Accounting Guidance
In December 2025, the Financial Accounting Standards Board ("FASB") issued its final Accounting Standard Update ("ASU") which makes improvements to the Accounting Standards Codification ("ASC") in response to feedback from stakeholders. This standard, issued as ASU 2025-12, specifically updates the Codification for a broad range of Topics arising from technical corrections, unintended application of the Codification, clarifications, and other minor improvements. This update is effective for annual reporting periods beginning after December 15, 2026, including interim reporting periods within those annual reporting periods. The Company is currently evaluating the effect of this guidance on its financial statements and related disclosures.
In December 2025, the FASB issued its final ASU which amends and clarifies the interim disclosure requirements associated with ASC Topic 270 - Interim Reporting. This standard, issued as ASU 2025-11, provides clarity about current requirements to help entities determine whether disclosures not specified in ASC 270 should be provided in interim reporting periods. This update is effective for interim reporting periods beginning after December 15, 2027. The Company is currently evaluating the effect of this guidance on its financial statements and related disclosures.
In September 2025, the FASB issued its final ASU which amends certain aspects of existing guidance on the accounting for and disclosure of software costs. This standard, issued as ASU 2025-06, removes all references to project stages throughout existing accounting literature and clarifies the threshold entities apply to begin capitalizing costs. This update is effective for annual periods beginning after December 15, 2027, and interim reporting periods within those annual periods. Early adoption is permitted as of the beginning of an annual period. The Company is currently evaluating the effect of this guidance on its financial statements and related disclosures.
In July 2025, the FASB issued its final standard which amends the guidance on the measurement of credit losses for accounts receivable and contract assets. This standard, issued as ASU 2025-05, provides a practical expedient to assume that current conditions as of the balance sheet date will persist through the reasonable and supportable forecast period for eligible assets. Entities will still be required to adjust historical data used in the estimation of expected credit losses to reflect current conditions. The amendments will be effective for annual periods beginning after December 15, 2025, and interim reporting periods within those annual periods. Early adoption is permitted in both interim and annual reporting periods in which financial statements have not yet been issued or made available for issuance. The Company is currently evaluating the effect of this guidance on its financial statements and related disclosures.
In November 2024, the FASB issued its final standard on the Disaggregation of Income Statement Expenses ("DISE"). This standard, issued as ASU 2024-03, requires disclosures about specific types of expenses included in the expense captions presented on the face of the income statement as well as disclosures about selling expenses. This update is effective for annual periods beginning after December 15, 2026, and interim periods within annual periods beginning after December 15, 2027. The requirements can be applied prospectively with the option for retrospective application. The Company is currently evaluating the effect of this guidance on its financial statements and related disclosures.
In December 2023, the FASB issued its final standard to improve income tax disclosures. This standard, issued as ASU 2023-09, requires public business entities to annually disclose specific categories in the income tax rate reconciliation and provide additional information for reconciling items that meet a quantitative threshold. This update is effective for annual periods beginning after December 15, 2024. The Company is currently evaluating the impact of this guidance on its financial statements and related disclosures and expects the standard will only impact its income taxes disclosures with no material effect to the consolidated financial statements.
v3.26.1
REVENUE RECOGNITION
 9 Months Ended
Mar. 31, 2026
Revenue from Contract with Customer [Abstract]  
REVENUE RECOGNITION REVENUE RECOGNITION
Disaggregation of Revenues
The following tables present the Company's net sales by reportable segment and by geographic areas based on the location of the facility shipping the product for the three and nine months ended March 31, 2026 and 2025. Other countries consist of Mexico, Australia, New Zealand, Singapore, and Costa Rica.
Three Months Ended March 31,
20262025
Service CenterEngineered SolutionsTotalService CenterEngineered SolutionsTotal
Geographic Areas:
United States$682,464 $424,658 $1,107,122 $643,479 $388,804 $1,032,283 
Canada70,783 — 70,783 71,555 — 71,555 
Other countries51,690 21,858 73,548 46,568 16,343 62,911 
Total$804,937 $446,516 $1,251,453 $761,602 $405,147 $1,166,749 
Nine Months Ended March 31,
20262025
Service CenterEngineered SolutionsTotalService CenterEngineered SolutionsTotal
Geographic Areas:
United States$1,964,425 $1,223,234 $3,187,659 $1,868,962 $1,050,103 $2,919,065 
Canada220,628 — 220,628 220,808 — 220,808 
Other countries149,681 56,031 205,712 145,398 53,423 198,821 
Total$2,334,734 $1,279,265 $3,613,999 $2,235,168 $1,103,526 $3,338,694 

The following tables present the Company’s percentage of revenue by reportable segment and major customer industry for the three and nine months ended March 31, 2026 and 2025:
Three Months Ended March 31,
 20262025
Service CenterEngineered SolutionsTotalService CenterEngineered SolutionsTotal
General Industry34.9 %44.2 %38.1 %33.8 %41.5 %36.6 %
Industrial Machinery8.6 %26.5 %15.0 %8.7 %24.3 %14.1 %
Food15.2 %3.0 %10.8 %15.5 %2.9 %11.1 %
Metals12.0 %6.5 %10.1 %11.1 %6.5 %9.5 %
Forest Products11.8 %1.9 %8.3 %12.5 %3.1 %9.2 %
Chem/Petrochem2.3 %10.5 %5.2 %2.7 %13.1 %6.3 %
Cement & Aggregate7.1 %1.5 %5.1 %7.2 %1.3 %5.1 %
Transportation3.4 %4.5 %3.8 %3.5 %5.4 %4.2 %
Oil & Gas4.7 %1.4 %3.6 %5.0 %1.9 %3.9 %
Total100.0 %100.0 %100.0 %100.0 %100.0 %100.0 %
Nine Months Ended March 31,
 20262025
Service CenterEngineered SolutionsTotalService CenterEngineered SolutionsTotal
General Industry34.5 %43.6 %37.7 %34.5 %39.1 %36.1 %
Industrial Machinery8.2 %25.2 %14.2 %8.3 %23.4 %13.2 %
Food15.5 %2.9 %11.1 %15.3 %3.3 %11.4 %
Metals11.7 %6.4 %9.9 %11.1 %7.6 %9.9 %
Forest Products11.7 %2.0 %8.2 %12.1 %3.2 %9.2 %
Chem/Petrochem2.5 %11.8 %5.8 %2.8 %15.3 %6.9 %
Cement & Aggregate7.6 %1.4 %5.4 %7.5 %1.4 %5.5 %
Transportation3.5 %4.9 %4.0 %3.6 %4.8 %4.0 %
Oil & Gas4.8 %1.8 %3.7 %4.8 %1.9 %3.8 %
Total100.0 %100.0 %100.0 %100.0 %100.0 %100.0 %
The following tables present the Company’s percentage of revenue by reportable segment and product line for the three and nine months ended March 31, 2026 and 2025:
Three Months Ended March 31,
 20262025
Service CenterEngineered SolutionsTotalService CenterEngineered SolutionsTotal
Power Transmission36.7 %9.1 %26.8 %36.7 %9.3 %27.2 %
General MRO & Other21.8 %25.7 %23.3 %22.6 %24.0 %23.1 %
Fluid Power15.2 %37.0 %23.0 %14.7 %36.7 %22.3 %
Bearings, Linear & Seals26.3 %1.2 %17.3 %26.0 %0.3 %17.1 %
Specialty Flow Control— %27.0 %9.6 %— %29.7 %10.3 %
Total100.0 %100.0 %100.0 %100.0 %100.0 %100.0 %
Nine Months Ended March 31,
 20262025
Service CenterEngineered SolutionsTotalService CenterEngineered SolutionsTotal
Power Transmission37.4 %8.7 %27.3 %37.6 %10.3 %28.7 %
General MRO & Other22.3 %25.6 %23.4 %22.3 %21.3 %22.0 %
Fluid Power14.6 %36.6 %22.4 %14.3 %34.3 %20.8 %
Bearings, Linear & Seals25.7 %1.0 %17.0 %25.8 %0.4 %17.5 %
Specialty Flow Control— %28.1 %9.9 %— %33.7 %11.0 %
Total100.0 %100.0 %100.0 %100.0 %100.0 %100.0 %

Contract Assets and Liabilities
Depending on the terms of the contracts with certain customers, the Company may receive payments from customers before the goods or services are delivered, typically as down payments for products to be delivered in the future. These amounts are recorded as contract liabilities (deferred revenue), as the performance obligations have not yet been satisfied. The Company’s contract assets consist of unbilled amounts resulting from contracts for which revenue is recognized over time using the cost-to-cost method, and for which revenue recognized exceeds the amount billed to the customer.
Activity related to contract assets and contract liabilities, which are included in other current assets and other current liabilities on the condensed consolidated balance sheet, is as follows:
March 31, 2026June 30, 2025$ Change% Change
Contract assets$19,343 $11,659 $7,684 65.9 %
Contract liabilities33,575 29,244 4,331 14.8 %
The change in balances noted above of the Company's contract assets primarily results from the timing difference between the Company's performance and when the customer is billed.
v3.26.1
BUSINESS COMBINATIONS
 9 Months Ended
Mar. 31, 2026
Business Combination [Abstract]  
BUSINESS COMBINATIONS BUSINESS COMBINATIONS
The operating results of all acquired entities are included within the consolidated operating results of the Company from the date of each respective acquisition.
Fiscal 2026 Acquisitions
On January 17, 2026, the Company acquired substantially all the net assets of Thompson Industrial Supply ("Thompson"), a Los Angeles, California based provider of industrial bearings, power transmission, hydraulics, pneumatics, linear motion products, and service solutions. Thompson is included in the Service Center segment. The purchase price for Thompson was $9,000, net tangible assets acquired were $1,400, identifiable intangible assets were $3,800, and goodwill was $3,800; the values are based upon preliminary estimated fair values at the acquisition date, which are subject to adjustment. The purchase price includes $1,350 of acquisition holdback payments, which is included in other current liabilities and other liabilities on the condensed consolidated balance sheet as of March 31, 2026, and will be paid on the first and second anniversary of the acquisition date with interest at a fixed rate of 1.0% per annum.
Fiscal 2025 Acquisitions
On December 31, 2024, the Company acquired all the membership interests of Hydradyne, LLC ("Hydradyne"), a Dallas, Texas based provider of fluid power solutions and value-added services including product offerings in hydraulics, pneumatics, electromechanical, instrumentation, filtration and fluid conveyance. The purchase price was $282,136, which was funded using available cash. Hydradyne is included in the Engineered Solutions segment.
The following table summarizes the assets acquired and liabilities assumed in connection with this acquisition based on their estimated fair values at the acquisition date.
Hydradyne Acquisition
Cash and cash equivalents$13,146 
Accounts receivable42,436 
Inventories44,085 
Other current assets996 
Property, net6,483 
Operating lease assets52,257 
Identifiable intangible assets126,050 
Goodwill68,217 
Other assets111 
Total assets acquired$353,781 
Accounts payable and accrued liabilities15,771 
Other current liabilities4,546 
Other liabilities51,328 
Net assets acquired$282,136 
During the nine months ended March 31, 2026, the Company recorded purchase accounting working capital adjustments related to the Hydradyne acquisition, which decreased the fair value of net tangible assets acquired by $872, and increased goodwill by $872.
The acquired goodwill is expected to be deductible for income tax purposes.
Net sales and net income from the Hydradyne acquisition included in the Company's results are $65,683 and $4,072 for the three months ended March 31, 2026, and $195,406 and $12,006 for the nine months ended March 31, 2026.
The following unaudited pro forma consolidated results of operations are prepared as if the Hydradyne acquisition (including the related acquisition costs) occurred at the beginning of fiscal 2024:
Three Months EndedNine Months Ended
March 31,March 31,
Pro forma20252025
Sales$1,166,749 $3,468,012 
Net income98,929 288,538 
Diluted net income per share$2.55 $7.42 
The pro forma amounts are calculated after applying the Company's accounting policies and adjusting the results to reflect additional amortization that would have been recorded assuming the fair value adjustments to identified intangible assets were applied as of July 1, 2023. Additional amortization of $5,473 is included in the pro forma results for the nine months March 31, 2025. In addition, pro forma adjustments of $2,761 for the three months ended March 31, 2025 and of $8,283 for the nine months March 31, 2025 were made for interest income that would not have been earned as a result of the cash used for the acquisition. The pro forma net income amounts also incorporate an adjustment to the recorded income tax expense for the income tax effect of the pro forma adjustments described above. These pro forma results of operations do not include any anticipated synergies or other effects of the planned integration of Hydradyne; accordingly, such pro forma adjustments do not purport to be indicative of the results of operations that would have resulted had the acquisition occurred as of the date indicated or that may result in the future.
On May 1, 2025, the Company acquired substantially all the net assets of IRIS Factory Automation ("IRIS"), an Aurora, Illinois provider of automation products, services, and turn-key productized solutions focused on optimizing material handling and traceability workflows across production environments. IRIS is included in the Engineered Solutions segment. During the nine months ended March 31, 2026, the Company recorded purchase accounting working capital adjustments related to the IRIS acquisition, which decreased the fair value of net tangible assets acquired by $252, and increased goodwill by $252. The purchase price for IRIS was $14,696, net liabilities assumed were $107, identifiable intangible assets were $7,810, and goodwill was $6,993; the values are based upon preliminary estimated fair values at the acquisition date, which are subject to adjustment.
On August 1, 2024, the Company acquired substantially all the net assets of Total Machine Solutions ("TMS"), a Fairfield, New Jersey based provider of electrical and mechanical power transmission products and solutions including bearings, drives, motors, conveyor components, and related repair services. TMS is included in the Service Center segment. The purchase price for TMS was $6,025, net tangible assets acquired were $1,115, identifiable intangible assets were $2,738, and goodwill was $2,172 based upon estimated fair values at the acquisition date.
On August 1, 2024, the Company acquired 100% of the outstanding shares of Stanley Proctor, a Twinsburg, Ohio based provider of hydraulic, pneumatic, measurement, control, and instrumentation components, as well as fluid power engineered systems. Stanley Proctor is included in the Engineered Solutions segment. The purchase price for Stanley Proctor was $3,924, net tangible assets acquired were $362, identifiable intangible assets were $1,725, and goodwill was $1,837 based upon estimated fair values at the acquisition date.
For all other fiscal 2025 acquisitions, the Company funded the acquisitions using available cash and the results of operations for the acquired entities are not material in relation to the Company's consolidated financial statements.
v3.26.1
GOODWILL AND INTANGIBLES
 9 Months Ended
Mar. 31, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND INTANGIBLES GOODWILL AND INTANGIBLES
The changes in the carrying amount of goodwill for both the Service Center segment and the Engineered Solutions segment for the fiscal year ended June 30, 2025 and the nine months ended March 31, 2026 are as follows:
Service CenterEngineered SolutionsTotal
Balance at June 30, 2024$219,574 $399,821 $619,395 
Goodwill acquired during the year2,262 77,847 80,109 
Other, primarily currency translation(130)— (130)
Balance at June 30, 2025$221,706 $477,668 $699,374 
Goodwill acquired during the period4,307 1,518 5,825 
Other, primarily currency translation(201)— (201)
Balance at March 31, 2026$225,812 $479,186 $704,998 
The Company has eight (8) reporting units for which an annual goodwill impairment assessment was performed as of January 1, 2026.  Based on the assessment performed, the Company concluded that the fair value of all of the reporting units exceeded their carrying amount as of January 1, 2026, therefore no impairment exists.
At March 31, 2026 and June 30, 2025, accumulated goodwill impairment losses subsequent to fiscal 2002 totaled $64,794 related to the Service Center segment and $167,605 related to the Engineered Solutions segment.
The Company’s identifiable intangible assets resulting from business combinations are amortized over their estimated period of benefit and consist of the following:
March 31, 2026AmountAccumulated
Amortization		Net Book
Value
Finite-Lived Identifiable Intangibles:
Customer relationships$509,690 $251,973 $257,717 
Trade names108,351 47,114 61,237 
Other6,652 2,917 3,735 
Total Identifiable Intangibles$624,693 $302,004 $322,689 

June 30, 2025AmountAccumulated
Amortization		Net Book
Value
Finite-Lived Identifiable Intangibles:
Customer relationships$510,834 $233,392 $277,442 
Trade names108,344 41,585 66,759 
Other6,902 2,503 4,399 
Total Identifiable Intangibles$626,080 $277,480 $348,600 
Amounts include the impact of foreign currency translation. Fully amortized finite-lived identifiable intangible assets are written off in the period when they become fully amortized.
During the nine months ended March 31, 2026, the Company acquired identifiable intangible assets with a preliminary acquisition cost allocation and weighted-average life as follows:
Acquisition Cost AllocationWeighted-Average life
Customer relationships$4,307 20.0
Identifiable intangible assets with finite lives are reviewed for impairment when changes in conditions indicate carrying value may not be recoverable.
Estimated future amortization expense by fiscal year (based on the Company’s identifiable intangible assets as of March 31, 2026) for the next five years is as follows: $9,600 for the remainder of 2026, $37,400 for 2027, $34,900 for 2028, $32,800 for 2029, $30,800 for 2030 and $28,700 for 2031.
v3.26.1
DEBT
 9 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
DEBT DEBT
A summary of both current and long-term debt is as follows (amounts in thousands):
March 31, 2026June 30, 2025
Revolving credit facility$177,000 $384,000 
Trade receivable securitization facility188,300 188,300 
Total debt$365,300 $572,300 
Revolving Credit Facility
In October 2025, the Company entered into a new five-year revolving credit facility with a group of banks to refinance the existing credit facility as well as provide funds for future acquisitions, ongoing working capital and other general corporate purposes. The revolving credit facility provides a $900,000 unsecured revolving credit facility and an uncommitted accordion feature which allows the Company to request an increase in the borrowing commitments, or incremental term loans, under the credit facility in aggregate principal amounts of up to $800,000. The new revolving credit facility also provides for a $25,000 sublimit for swing line loans and a $50,000 sublimit for letters of credit. Borrowings under this agreement bear interest, at the Company's election, at either the base rate plus a margin that ranges from 0 to 55 basis points based on the Company's net leverage ratio or Secured Overnight Financing Rate (SOFR) plus a margin that ranges from 80 to 155 basis points based on the Company's net leverage ratio. Borrowing capacity under this facility, without exercising the accordion feature, totaled $722,757 at March 31, 2026 and is available to fund future acquisitions or other capital and operating requirements. This amount is net of outstanding letters of credit of $243 at March 31, 2026 to secure certain insurance obligations. The interest rate on the long-term portion of the revolving credit facility was 4.47% as of March 31, 2026.
At March 31, 2026, the Company had $177,000 outstanding under its revolving credit facility, of which $18,000 is classified as current based on the Company's intent to repay such amount within the next twelve months. The interest rate on the short term portion of the revolving credit facility was 4.42% as of March 31, 2026.
The new credit facility replaced the Company's previous credit facility agreement. Unused lines under the previous facility, net of outstanding letters of credit of $209 to secure certain insurance obligations, totaled $515,791 at June 30, 2025, and were available to fund future acquisitions or other capital and operating requirements. The interest rate on the revolving credit facility was 5.23% as of June 30, 2025.
The Company paid $1,611 of debt issuance costs related to the new revolving credit facility in the nine months ended March 31, 2026, which are included in other current assets and other assets on the condensed consolidated balance sheet as of March 31, 2026 and will be amortized over the five-year term of the new credit facility. The Company analyzed the unamortized debt issuance costs related to the previous credit facility under ASC Topic 470 - Debt. As a result of this analysis, $47 of unamortized debt issuance costs were expensed and included within interest expense, net on the condensed statements of consolidated income in the nine months ended March 31, 2026, and $804 of unamortized debt issuance costs were rolled forward into the new credit facility and will be amortized over the five-year term of the new credit facility.
Additionally, the Company had letters of credit outstanding not associated with the revolving credit agreement, in the amount of $5,336 as of March 31, 2026 and June 30, 2025, to secure certain insurance obligations.
Trade Receivable Securitization Facility
In August 2018, the Company established a trade receivable securitization facility (the "AR Securitization Facility"). The AR Securitization Facility effectively increases the Company’s borrowing capacity by collateralizing a portion of the amount of the U.S. operations’ trade accounts receivable. The Company uses the proceeds from the AR Securitization Facility as an alternative to other forms of debt. The AR Securitization Facility's maximum borrowing capacity is $250,000 and fees on amounts borrowed are 0.90% per year. Borrowing capacity is further subject to changes in the credit ratings of our customers, customer concentration levels or certain characteristics of the accounts receivable portfolio and, therefore, at certain times, we may not be able to fully access the $250,000 of borrowing capacity available under the AR Securitization Facility. Borrowings under the AR Securitization Facility carry variable interest rates tied to SOFR. The interest rate on the AR Securitization Facility as of March 31, 2026 and June 30, 2025 was 4.58% and 5.32%, respectively. On July 10, 2025, the Company amended the AR Securitization Facility and extended the term to July 10, 2028, with no substantial changes in other terms.
v3.26.1
DERIVATIVES
 9 Months Ended
Mar. 31, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
DERIVATIVES DERIVATIVES
Risk Management Objective of Using Derivatives
The Company is exposed to certain risks arising from both its business operations and economic conditions. The Company principally manages its exposures to a wide variety of business and operational risks through management of its core business activities. The Company manages economic risks, including interest rate, liquidity, and credit risk primarily by managing the amount, sources, and duration of its assets and liabilities and the use of derivative financial instruments. Specifically, the Company enters into derivative financial instruments to manage exposures that arise from business activities that result in the receipt or payment of future known and uncertain cash amounts, the value of which are determined by interest rates. The Company’s derivative financial instruments are used to manage differences in the amount, timing, and duration of the Company’s known or expected cash receipts and its known or expected cash payments principally related to the Company’s borrowings.
Cash Flow Hedges of Interest Rate Risk
The Company’s objectives in using interest rate derivatives are to add stability to interest expense and to manage its exposure to interest rate movements. To accomplish this objective, the Company primarily uses interest rate swaps as part of its interest rate risk management strategy. Interest rate swaps designated as cash flow hedges involve the receipt of variable amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount.
For derivatives designated and that qualify as cash flow hedges of interest rate risk, the gain or loss on the derivative is recorded in accumulated other comprehensive loss and subsequently reclassified into interest expense in the same period(s) during which the hedged transaction affects earnings. Amounts reported in accumulated other comprehensive loss related to derivatives will be reclassified to interest expense as interest payments are made on the Company’s variable-rate debt.
In January 2019, the Company entered into an interest rate swap to mitigate variability in forecasted interest payments on $463,000 of the Company’s U.S. dollar-denominated unsecured variable rate debt. The notional amount declined over time to $384,000 as principal payments were made. The interest rate swap effectively converted a portion of the floating rate interest payment into a fixed rate interest payment. The Company designated the interest rate swap as a pay-fixed, receive-floating interest rate swap instrument and accounted for this derivative as a cash flow hedge. During fiscal 2021, the Company completed a transaction to amend and extend the interest rate swap agreement which resulted in an extension of the maturity date to January 31, 2026. The pay-fixed interest rate swap was considered a hybrid instrument with a financing component and an embedded at-market derivative that was designated as a cash flow hedge. The weighted average fixed pay rate was 1.58% and the interest rate swap was indexed to SOFR. The Company made various accounting elections related to changes in critical terms of the hedging relationship due to reference rate reform to preserve the hedging relationship.
Realized gains and losses of the actual monthly settlement activity of the interest rate swap is included within interest income or expense in the condensed consolidated statements of operations. The Company historically reflected the unrealized changes in fair value of the interest rate swap at each reporting period in other comprehensive income and a derivative asset or liability was recognized at each reporting period in the Company’s consolidated balance sheets for the interest rate swap. The interest rate swap matured as scheduled in January 2026 and as such, the derivative asset was derecognized. There were no amounts remaining in accumulated other comprehensive income related to this hedge as of March 31, 2026.
The interest rate swap converted $384,000 of variable rate debt to a rate of 2.48% as of June 30, 2025. The fair value (Level 2 in the fair value hierarchy) of the interest rate cash flow hedge was $5,503 as of June 30, 2025, which was included in other current assets in the condensed consolidated balance sheet. Amounts reclassified from other comprehensive loss, before tax, to interest expense (income), net was income of $988 and $3,654 for the three months ended March 31, 2026 and 2025, respectively, and $8,141 and $12,436 for the nine months ended March 31, 2026 and 2025, respectively.
v3.26.1
FAIR VALUE MEASUREMENTS
 9 Months Ended
Mar. 31, 2026
Fair Value Disclosures [Abstract]  
FAIR VALUE MEASUREMENTS FAIR VALUE MEASUREMENTS
Marketable securities measured at fair value at March 31, 2026 and June 30, 2025 totaled $27,428 and $25,628, respectively. The majority of these marketable securities are held in a rabbi trust for a non-qualified deferred compensation plan. The marketable securities are included in other assets on the accompanying condensed consolidated balance sheets and their fair values were determined using quoted market prices (Level 1 in the fair value hierarchy). In addition, the Company holds Corporate-Owned Life Insurance ("COLI") policies on certain retired
employees, which are valued at the cash surrender value of the policies (Level 3 in the fair value hierarchy). The fair value of the COLI policies totaled $21,598 and $20,817, at March 31, 2026 and June 30, 2025, respectively, and are included in other assets on the condensed consolidated balance sheets.
As of March 31, 2026 and June 30, 2025, the Company had no fixed interest rate debt outstanding.
The revolving credit facility and the AR Securitization Facility contain variable interest rates and their carrying values approximate fair value (Level 2 in the fair value hierarchy). The carrying value of our cash and cash equivalents, trade accounts receivable, and accounts payable approximate fair value because of the short-term maturity of these financial instruments.
v3.26.1
SHAREHOLDERS' EQUITY
 9 Months Ended
Mar. 31, 2026
Stockholders' Equity Note [Abstract]  
SHAREHOLDERS' EQUITY SHAREHOLDERS' EQUITY
Accumulated Other Comprehensive Loss
Changes in the accumulated other comprehensive loss are comprised of the following amounts, shown net of taxes:
Three Months Ended March 31, 2026
Foreign currency translation adjustment Post-employment benefitsCash flow hedgeTotal Accumulated other comprehensive loss
Balance at December 31, 2025$(92,642)$(435)$746 $(92,331)
Other comprehensive loss(2,446)— — (2,446)
Amounts reclassified from accumulated other comprehensive income (loss)— 1 (746)(745)
Net current-period other comprehensive (loss) income(2,446)1 (746)(3,191)
Balance at March 31, 2026$(95,088)$(434)$— $(95,522)

Three Months Ended March 31, 2025
Foreign currency translation adjustment Post-employment benefitsCash flow hedgeTotal Accumulated other comprehensive loss
Balance at December 31, 2024$(116,461)$(399)$11,026 $(105,834)
Other comprehensive income1,818 — 16 1,834 
Amounts reclassified from accumulated other comprehensive loss— (3)(2,759)(2,762)
Net current-period other comprehensive income (loss)1,818 (3)(2,743)(928)
Balance at March 31, 2025$(114,643)$(402)$8,283 $(106,762)
Nine Months Ended March 31, 2026
Foreign currency translation adjustment Post-employment benefitsCash flow hedgeTotal Accumulated other comprehensive loss
Balance at June 30, 2025$(97,216)$(438)$5,968 $(91,686)
Other comprehensive income2,139 — 198 2,337 
Amounts reclassified from accumulated other comprehensive (loss) income(11)4 (6,166)(6,173)
Net current-period other comprehensive income (loss)2,128 4 (5,968)(3,836)
Balance at March 31, 2026$(95,088)$(434)$— $(95,522)
Nine Months Ended March 31, 2025
Foreign currency translation adjustment Post-employment benefitsCash flow hedgeTotal Accumulated other comprehensive loss
Balance at June 30, 2024$(95,566)$(391)$18,391 $(77,566)
Other comprehensive loss(19,077)— (718)(19,795)
Amounts reclassified from accumulated other comprehensive loss— (11)(9,390)(9,401)
Net current-period other comprehensive loss(19,077)(11)(10,108)(29,196)
Balance at March 31, 2025$(114,643)$(402)$8,283 $(106,762)
Other Comprehensive (Loss) Income
Details of other comprehensive (loss) income are as follows:
Three Months Ended March 31,
20262025
Pre-Tax AmountTax (Benefit) ExpenseNet AmountPre-Tax AmountTax (Benefit) ExpenseNet Amount
Foreign currency translation adjustments$(2,447)$(1)$(2,446)$1,814 $(4)$1,818 
Post-employment benefits:
Reclassification of net actuarial gains and prior service cost into other expense (income), net and included in net periodic pension costs1 — 1 (6)(3)(3)
Unrealized gain on cash flow hedge— — — 21 5 16 
Reclassification of interest from cash flow hedge into interest income, net(988)(242)(746)(3,654)(895)(2,759)
Other comprehensive loss$(3,434)$(243)$(3,191)$(1,825)$(897)$(928)
Nine Months Ended March 31,
20262025
Pre-Tax AmountTax Expense (Benefit)Net AmountPre-Tax AmountTax Expense (Benefit)Net Amount
Foreign currency translation adjustments$2,139 $11 $2,128 $(19,046)$31 $(19,077)
Post-employment benefits:
Reclassification of net actuarial gains and prior service cost into other expense (income), net and included in net periodic pension costs7 3 4 (19)(8)(11)
Unrealized gain (loss) on cash flow hedge262 64 198 (950)(232)(718)
Reclassification of interest from cash flow hedge into interest income, net(8,141)(1,975)(6,166)(12,436)(3,046)(9,390)
Other comprehensive loss$(5,733)$(1,897)$(3,836)$(32,451)$(3,255)$(29,196)
Anti-dilutive Common Stock Equivalents
In the three months ended March 31, 2026 and 2025, stock options and stock appreciation rights related to 61 and 68 shares of common stock, respectively, were not included in the computation of diluted earnings per share for the periods then ended as they were anti-dilutive. In the nine months ended March 31, 2026 and 2025, stock options and stock appreciation rights related to 64 and 88 shares of common stock, respectively, were not included in the computation of diluted earnings per share for the periods then ended as they were anti-dilutive.
v3.26.1
SEGMENT INFORMATION
 9 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
The Company's reportable segments are: Service Center and Engineered Solutions. These reportable segments contain the Company's various operating segments which have been aggregated based upon similar economic and operating characteristics. The Service Center segment operates through local service centers and distribution centers with a focus on providing products and services addressing the maintenance and repair of production equipment and motion control infrastructure. Products primarily include industrial bearings, motors, belting, drives, couplings, pumps, linear motion products, hydraulic and pneumatic components, filtration supplies, and hoses, as well as other related supplies for general operational needs of customers’ machinery and equipment. The Engineered Solutions segment includes our operations that specialize in distributing, engineering, designing, integrating, and repairing hydraulic and pneumatic fluid power technologies, engineered flow control products and services, and automation technologies. The accounting policies of the Company’s reportable segments are as described in Note 1.
The Company's chief operating decision maker ("CODM") is the chief executive officer. The CODM uses Segment Operating Income as the measure of segment profit and loss in measuring segment performance, determining how to
allocate the Company's assets, evaluating performance in periodic reviews, and during the development of the annual budget and the regular forecasting process. The chief operating decision maker considers budget-to-actual variances on a quarterly basis, as well as segment-specific forecasting, when making decisions about the allocation of operating and capital resources to each segment. The CODM also uses the segment's net sales in measuring segment performance.
In addition to the two reportable segments, there is a category of certain business activities and expenses, referred to as corporate & other, that does not constitute an operating segment. Corporate & other expense, net includes the cost of our corporate headquarters and corporate functions, primarily compensation and benefits, and related administrative expenses and other expenses not directly associated with any reportable segment. These corporate and other expenses reconcile segment operating income to total consolidated income before income taxes.
Three Months Ended March 31, 2026Service CenterEngineered SolutionsTotal
Total sales$806,017 $466,667 $1,272,684 
Less: Inter-segment sales¹
1,080 20,151 21,231 
Net sales$804,937 $446,516 $1,251,453 
Less segment expenses:
Cost of sales569,901 300,748 
Selling, distribution, and administrative expense, including depreciation²
125,626 94,132 
Segment operating income$109,410 $51,636 $161,046 
Corporate & other expense, net23,121 
Interest expense, net2,447 
Other expense, net350 
Income before income taxes$135,128 
Three Months Ended March 31, 2025Service CenterEngineered SolutionsTotal
Total sales$762,460 $417,216 $1,179,676 
Less: Inter-segment sales¹
858 12,069 12,927 
Net sales$761,602 $405,147 $1,166,749 
Less segment expenses:
Cost of sales538,383 273,076 
Selling, distribution, and administrative expense, including depreciation²
116,833 87,553 
Segment operating income$106,386 $44,518 $150,904 
Corporate & other expense, net21,502 
Interest expense, net853 
Other expense, net1,267 
Income before income taxes$127,282 
Nine Months Ended March 31, 2026Service CenterEngineered SolutionsTotal
Total sales$2,338,187 $1,333,378 $3,671,565 
Less: Inter-segment sales¹
3,453 54,113 57,566 
Net sales$2,334,734 $1,279,265 $3,613,999 
Less segment expenses:
Cost of sales1,655,934 862,498 
Selling, distribution, and administrative expense, including depreciation²
371,067 271,390 
Segment operating income$307,733 $145,377 $453,110 
Corporate & other expense, net62,946 
Interest expense, net4,382 
Other income, net(703)
Income before income taxes$386,485 
Nine Months Ended March 31, 2025Service CenterEngineered SolutionsTotal
Total sales$2,237,256 $1,142,118 $3,379,374 
Less: Inter-segment sales¹
2,088 38,592 40,680 
Net sales$2,235,168 $1,103,526 $3,338,694 
Less segment expenses:
Cost of sales1,585,666 744,606 
Selling, distribution, and administrative expense, including depreciation²
357,318 224,277 
Segment operating income$292,184 $134,643 $426,827 
Corporate & other expense, net63,383 
Interest income, net(710)
Other income, net(1,769)
Income before income taxes$365,923 
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 EndedService CenterEngineered SolutionsTotal
March 31, 2026
Depreciation and amortization of property$4,412 $1,984 $6,396 
Amortization of intangibles782 9,102 9,884 
Capital expenditures4,271 463 4,734 
March 31, 2025
Depreciation and amortization of property$4,477 $2,106 $6,583 
Amortization of intangibles779 9,439 10,218 
Capital expenditures6,667 882 7,549 

Nine Months EndedService CenterEngineered SolutionsTotal
March 31, 2026
Assets used in the business$1,595,462 $1,393,249 $2,988,711 
Depreciation and amortization of property12,953 6,519 19,472 
Amortization of intangibles2,225 27,988 30,213 
Capital expenditures14,990 3,322 18,312 
March 31, 2025
Assets used in the business$1,666,452 $1,449,211 $3,115,663 
Depreciation and amortization of property13,279 5,154 18,433 
Amortization of intangibles2,393 22,992 25,385 
Capital expenditures15,746 2,549 18,295 
v3.26.1
OTHER EXPENSE (INCOME), NET
 9 Months Ended
Mar. 31, 2026
Other Income and Expenses [Abstract]  
OTHER EXPENSE (INCOME), NET OTHER EXPENSE (INCOME), NET
Other expense (income), net consists of the following:
 Three Months EndedNine Months Ended
March 31,March 31,
 2026202520262025
Unrealized loss (gain) on assets held in rabbi trust for a non-qualified deferred compensation plan$659 $710 $(1,284)$(746)
Foreign currency transactions losses (gains)241 997 1,424 (235)
Net other periodic post-employment costs26 37 78 109 
Life insurance income, net(522)(486)(804)(726)
Other, net(54)9 (117)(171)
Total other expense (income), net$350 $1,267 $(703)$(1,769)
v3.26.1
SUBSEQUENT EVENTS
 9 Months Ended
Mar. 31, 2026
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS SUBSEQUENT EVENTS
The Company evaluated events and transactions occurring subsequent to March 31, 2026 through the date the financial statements were issued, noting no significant subsequent events require disclosure.
v3.26.1
Insider Trading Arrangements
 3 Months Ended
Mar. 31, 2026
shares
Trading Arrangements, by Individual  
Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
Madhuri Andrews [Member]  
Trading Arrangements, by Individual  
Material Terms of Trading Arrangement
On February 26, 2026, Madhuri Andrews, one of the Company's directors, provided her irrevocable consent to contribute, at a later date, and subject to certain price thresholds established on February 26, 2026, 3,845 shares of the Company's common stock to an exchange fund in exchange for shares in that fund, subject to acceptance of such shares by the exchange fund. The irrevocable commitment letter constitutes a "non-Rule 10b5-1 trading arrangement."
Name Madhuri Andrews
Title directors
Non-Rule 10b5-1 Arrangement Adopted true
Adoption Date February 26, 2026
Aggregate Available 3,845
v3.26.1
BASIS OF PRESENTATION (Policies)
 9 Months Ended
Mar. 31, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Inventory
Inventory
Inventories are valued at average cost, using the last-in, first-out ("LIFO") method for U.S. inventories. An actual valuation of inventory under the LIFO method can be made only at the end of each year based on the inventory levels and costs at that time. Accordingly, interim LIFO calculations are based on management’s estimates of expected year-end inventory levels and costs and are subject to the final year-end LIFO inventory determination. LIFO expense of $5,565 and $2,198 in the three months ended March 31, 2026 and 2025, respectively, and $15,119 and $4,841 in the nine months ended March 31, 2026 and 2025, respectively, is recorded in cost of sales in the condensed statements of consolidated income.
Reportable Segments
Reportable Segments
The Company's reportable segments are: Service Center and Engineered Solutions. These reportable segments contain the Company's various operating segments which are aggregated based upon similar economic and operating characteristics. The Service Center segment operates through local service centers and distribution centers with a focus on providing products and services addressing the maintenance and repair of motion control infrastructure and production equipment. Products primarily include industrial bearings, motors, belting, drives, couplings, pumps, linear motion products, hydraulic and pneumatic components, filtration supplies, and hoses, as well as other related supplies for general operational needs of customers’ machinery and equipment. The Engineered Solutions segment includes our operations that specialize in distributing, engineering, designing, integrating, and repairing hydraulic and pneumatic fluid power technologies; engineered flow control products and services; and advanced automation solutions including machine vision, robotics, motion control, and smart technologies. See Note 9 for further details.
Recently Issued Accounting Guidance
Recently Issued Accounting Guidance
In December 2025, the Financial Accounting Standards Board ("FASB") issued its final Accounting Standard Update ("ASU") which makes improvements to the Accounting Standards Codification ("ASC") in response to feedback from stakeholders. This standard, issued as ASU 2025-12, specifically updates the Codification for a broad range of Topics arising from technical corrections, unintended application of the Codification, clarifications, and other minor improvements. This update is effective for annual reporting periods beginning after December 15, 2026, including interim reporting periods within those annual reporting periods. The Company is currently evaluating the effect of this guidance on its financial statements and related disclosures.
In December 2025, the FASB issued its final ASU which amends and clarifies the interim disclosure requirements associated with ASC Topic 270 - Interim Reporting. This standard, issued as ASU 2025-11, provides clarity about current requirements to help entities determine whether disclosures not specified in ASC 270 should be provided in interim reporting periods. This update is effective for interim reporting periods beginning after December 15, 2027. The Company is currently evaluating the effect of this guidance on its financial statements and related disclosures.
In September 2025, the FASB issued its final ASU which amends certain aspects of existing guidance on the accounting for and disclosure of software costs. This standard, issued as ASU 2025-06, removes all references to project stages throughout existing accounting literature and clarifies the threshold entities apply to begin capitalizing costs. This update is effective for annual periods beginning after December 15, 2027, and interim reporting periods within those annual periods. Early adoption is permitted as of the beginning of an annual period. The Company is currently evaluating the effect of this guidance on its financial statements and related disclosures.
In July 2025, the FASB issued its final standard which amends the guidance on the measurement of credit losses for accounts receivable and contract assets. This standard, issued as ASU 2025-05, provides a practical expedient to assume that current conditions as of the balance sheet date will persist through the reasonable and supportable forecast period for eligible assets. Entities will still be required to adjust historical data used in the estimation of expected credit losses to reflect current conditions. The amendments will be effective for annual periods beginning after December 15, 2025, and interim reporting periods within those annual periods. Early adoption is permitted in both interim and annual reporting periods in which financial statements have not yet been issued or made available for issuance. The Company is currently evaluating the effect of this guidance on its financial statements and related disclosures.
In November 2024, the FASB issued its final standard on the Disaggregation of Income Statement Expenses ("DISE"). This standard, issued as ASU 2024-03, requires disclosures about specific types of expenses included in the expense captions presented on the face of the income statement as well as disclosures about selling expenses. This update is effective for annual periods beginning after December 15, 2026, and interim periods within annual periods beginning after December 15, 2027. The requirements can be applied prospectively with the option for retrospective application. The Company is currently evaluating the effect of this guidance on its financial statements and related disclosures.
In December 2023, the FASB issued its final standard to improve income tax disclosures. This standard, issued as ASU 2023-09, requires public business entities to annually disclose specific categories in the income tax rate reconciliation and provide additional information for reconciling items that meet a quantitative threshold. This update is effective for annual periods beginning after December 15, 2024. The Company is currently evaluating the impact of this guidance on its financial statements and related disclosures and expects the standard will only impact its income taxes disclosures with no material effect to the consolidated financial statements.
v3.26.1
REVENUE RECOGNITION (Tables)
 9 Months Ended
Mar. 31, 2026
Revenue from Contract with Customer [Abstract]  
Schedule of Revenue from External Customers by Geographic Areas
The following tables present the Company's net sales by reportable segment and by geographic areas based on the location of the facility shipping the product for the three and nine months ended March 31, 2026 and 2025. Other countries consist of Mexico, Australia, New Zealand, Singapore, and Costa Rica.
Three Months Ended March 31,
20262025
Service CenterEngineered SolutionsTotalService CenterEngineered SolutionsTotal
Geographic Areas:
United States$682,464 $424,658 $1,107,122 $643,479 $388,804 $1,032,283 
Canada70,783 — 70,783 71,555 — 71,555 
Other countries51,690 21,858 73,548 46,568 16,343 62,911 
Total$804,937 $446,516 $1,251,453 $761,602 $405,147 $1,166,749 
Nine Months Ended March 31,
20262025
Service CenterEngineered SolutionsTotalService CenterEngineered SolutionsTotal
Geographic Areas:
United States$1,964,425 $1,223,234 $3,187,659 $1,868,962 $1,050,103 $2,919,065 
Canada220,628 — 220,628 220,808 — 220,808 
Other countries149,681 56,031 205,712 145,398 53,423 198,821 
Total$2,334,734 $1,279,265 $3,613,999 $2,235,168 $1,103,526 $3,338,694 
Schedule of Disaggregation of Revenue
The following tables present the Company’s percentage of revenue by reportable segment and major customer industry for the three and nine months ended March 31, 2026 and 2025:
Three Months Ended March 31,
 20262025
Service CenterEngineered SolutionsTotalService CenterEngineered SolutionsTotal
General Industry34.9 %44.2 %38.1 %33.8 %41.5 %36.6 %
Industrial Machinery8.6 %26.5 %15.0 %8.7 %24.3 %14.1 %
Food15.2 %3.0 %10.8 %15.5 %2.9 %11.1 %
Metals12.0 %6.5 %10.1 %11.1 %6.5 %9.5 %
Forest Products11.8 %1.9 %8.3 %12.5 %3.1 %9.2 %
Chem/Petrochem2.3 %10.5 %5.2 %2.7 %13.1 %6.3 %
Cement & Aggregate7.1 %1.5 %5.1 %7.2 %1.3 %5.1 %
Transportation3.4 %4.5 %3.8 %3.5 %5.4 %4.2 %
Oil & Gas4.7 %1.4 %3.6 %5.0 %1.9 %3.9 %
Total100.0 %100.0 %100.0 %100.0 %100.0 %100.0 %
Nine Months Ended March 31,
 20262025
Service CenterEngineered SolutionsTotalService CenterEngineered SolutionsTotal
General Industry34.5 %43.6 %37.7 %34.5 %39.1 %36.1 %
Industrial Machinery8.2 %25.2 %14.2 %8.3 %23.4 %13.2 %
Food15.5 %2.9 %11.1 %15.3 %3.3 %11.4 %
Metals11.7 %6.4 %9.9 %11.1 %7.6 %9.9 %
Forest Products11.7 %2.0 %8.2 %12.1 %3.2 %9.2 %
Chem/Petrochem2.5 %11.8 %5.8 %2.8 %15.3 %6.9 %
Cement & Aggregate7.6 %1.4 %5.4 %7.5 %1.4 %5.5 %
Transportation3.5 %4.9 %4.0 %3.6 %4.8 %4.0 %
Oil & Gas4.8 %1.8 %3.7 %4.8 %1.9 %3.8 %
Total100.0 %100.0 %100.0 %100.0 %100.0 %100.0 %
The following tables present the Company’s percentage of revenue by reportable segment and product line for the three and nine months ended March 31, 2026 and 2025:
Three Months Ended March 31,
 20262025
Service CenterEngineered SolutionsTotalService CenterEngineered SolutionsTotal
Power Transmission36.7 %9.1 %26.8 %36.7 %9.3 %27.2 %
General MRO & Other21.8 %25.7 %23.3 %22.6 %24.0 %23.1 %
Fluid Power15.2 %37.0 %23.0 %14.7 %36.7 %22.3 %
Bearings, Linear & Seals26.3 %1.2 %17.3 %26.0 %0.3 %17.1 %
Specialty Flow Control— %27.0 %9.6 %— %29.7 %10.3 %
Total100.0 %100.0 %100.0 %100.0 %100.0 %100.0 %
Nine Months Ended March 31,
 20262025
Service CenterEngineered SolutionsTotalService CenterEngineered SolutionsTotal
Power Transmission37.4 %8.7 %27.3 %37.6 %10.3 %28.7 %
General MRO & Other22.3 %25.6 %23.4 %22.3 %21.3 %22.0 %
Fluid Power14.6 %36.6 %22.4 %14.3 %34.3 %20.8 %
Bearings, Linear & Seals25.7 %1.0 %17.0 %25.8 %0.4 %17.5 %
Specialty Flow Control— %28.1 %9.9 %— %33.7 %11.0 %
Total100.0 %100.0 %100.0 %100.0 %100.0 %100.0 %
Schedule of Contract with Customer, Asset and Liability
Activity related to contract assets and contract liabilities, which are included in other current assets and other current liabilities on the condensed consolidated balance sheet, is as follows:
March 31, 2026June 30, 2025$ Change% Change
Contract assets$19,343 $11,659 $7,684 65.9 %
Contract liabilities33,575 29,244 4,331 14.8 %
v3.26.1
BUSINESS COMBINATIONS (Tables)
 9 Months Ended
Mar. 31, 2026
Business Combination [Abstract]  
Schedule of Business Combination, Recognized Asset Acquired and Liability Assumed
The following table summarizes the assets acquired and liabilities assumed in connection with this acquisition based on their estimated fair values at the acquisition date.
Hydradyne Acquisition
Cash and cash equivalents$13,146 
Accounts receivable42,436 
Inventories44,085 
Other current assets996 
Property, net6,483 
Operating lease assets52,257 
Identifiable intangible assets126,050 
Goodwill68,217 
Other assets111 
Total assets acquired$353,781 
Accounts payable and accrued liabilities15,771 
Other current liabilities4,546 
Other liabilities51,328 
Net assets acquired$282,136 
Schedule of Business Combination, Pro Forma Information
The following unaudited pro forma consolidated results of operations are prepared as if the Hydradyne acquisition (including the related acquisition costs) occurred at the beginning of fiscal 2024:
Three Months EndedNine Months Ended
March 31,March 31,
Pro forma20252025
Sales$1,166,749 $3,468,012 
Net income98,929 288,538 
Diluted net income per share$2.55 $7.42 
v3.26.1
GOODWILL AND INTANGIBLES (Tables)
 9 Months Ended
Mar. 31, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The changes in the carrying amount of goodwill for both the Service Center segment and the Engineered Solutions segment for the fiscal year ended June 30, 2025 and the nine months ended March 31, 2026 are as follows:
Service CenterEngineered SolutionsTotal
Balance at June 30, 2024$219,574 $399,821 $619,395 
Goodwill acquired during the year2,262 77,847 80,109 
Other, primarily currency translation(130)— (130)
Balance at June 30, 2025$221,706 $477,668 $699,374 
Goodwill acquired during the period4,307 1,518 5,825 
Other, primarily currency translation(201)— (201)
Balance at March 31, 2026$225,812 $479,186 $704,998 
Schedule of Intangible Assets
The Company’s identifiable intangible assets resulting from business combinations are amortized over their estimated period of benefit and consist of the following:
March 31, 2026AmountAccumulated
Amortization		Net Book
Value
Finite-Lived Identifiable Intangibles:
Customer relationships$509,690 $251,973 $257,717 
Trade names108,351 47,114 61,237 
Other6,652 2,917 3,735 
Total Identifiable Intangibles$624,693 $302,004 $322,689 

June 30, 2025AmountAccumulated
Amortization		Net Book
Value
Finite-Lived Identifiable Intangibles:
Customer relationships$510,834 $233,392 $277,442 
Trade names108,344 41,585 66,759 
Other6,902 2,503 4,399 
Total Identifiable Intangibles$626,080 $277,480 $348,600 
Schedule of Acquired Finite-Lived Intangible Assets by Major Class
During the nine months ended March 31, 2026, the Company acquired identifiable intangible assets with a preliminary acquisition cost allocation and weighted-average life as follows:
Acquisition Cost AllocationWeighted-Average life
Customer relationships$4,307 20.0
v3.26.1
DEBT (Tables)
 9 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
Schedule of Debt
A summary of both current and long-term debt is as follows (amounts in thousands):
March 31, 2026June 30, 2025
Revolving credit facility$177,000 $384,000 
Trade receivable securitization facility188,300 188,300 
Total debt$365,300 $572,300 
v3.26.1
SHAREHOLDERS' EQUITY (Tables)
 9 Months Ended
Mar. 31, 2026
Stockholders' Equity Note [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)
Changes in the accumulated other comprehensive loss are comprised of the following amounts, shown net of taxes:
Three Months Ended March 31, 2026
Foreign currency translation adjustment Post-employment benefitsCash flow hedgeTotal Accumulated other comprehensive loss
Balance at December 31, 2025$(92,642)$(435)$746 $(92,331)
Other comprehensive loss(2,446)— — (2,446)
Amounts reclassified from accumulated other comprehensive income (loss)— 1 (746)(745)
Net current-period other comprehensive (loss) income(2,446)1 (746)(3,191)
Balance at March 31, 2026$(95,088)$(434)$— $(95,522)

Three Months Ended March 31, 2025
Foreign currency translation adjustment Post-employment benefitsCash flow hedgeTotal Accumulated other comprehensive loss
Balance at December 31, 2024$(116,461)$(399)$11,026 $(105,834)
Other comprehensive income1,818 — 16 1,834 
Amounts reclassified from accumulated other comprehensive loss— (3)(2,759)(2,762)
Net current-period other comprehensive income (loss)1,818 (3)(2,743)(928)
Balance at March 31, 2025$(114,643)$(402)$8,283 $(106,762)
Nine Months Ended March 31, 2026
Foreign currency translation adjustment Post-employment benefitsCash flow hedgeTotal Accumulated other comprehensive loss
Balance at June 30, 2025$(97,216)$(438)$5,968 $(91,686)
Other comprehensive income2,139 — 198 2,337 
Amounts reclassified from accumulated other comprehensive (loss) income(11)4 (6,166)(6,173)
Net current-period other comprehensive income (loss)2,128 4 (5,968)(3,836)
Balance at March 31, 2026$(95,088)$(434)$— $(95,522)
Nine Months Ended March 31, 2025
Foreign currency translation adjustment Post-employment benefitsCash flow hedgeTotal Accumulated other comprehensive loss
Balance at June 30, 2024$(95,566)$(391)$18,391 $(77,566)
Other comprehensive loss(19,077)— (718)(19,795)
Amounts reclassified from accumulated other comprehensive loss— (11)(9,390)(9,401)
Net current-period other comprehensive loss(19,077)(11)(10,108)(29,196)
Balance at March 31, 2025$(114,643)$(402)$8,283 $(106,762)
Schedule of Comprehensive Income (Loss)
Details of other comprehensive (loss) income are as follows:
Three Months Ended March 31,
20262025
Pre-Tax AmountTax (Benefit) ExpenseNet AmountPre-Tax AmountTax (Benefit) ExpenseNet Amount
Foreign currency translation adjustments$(2,447)$(1)$(2,446)$1,814 $(4)$1,818 
Post-employment benefits:
Reclassification of net actuarial gains and prior service cost into other expense (income), net and included in net periodic pension costs1 — 1 (6)(3)(3)
Unrealized gain on cash flow hedge— — — 21 5 16 
Reclassification of interest from cash flow hedge into interest income, net(988)(242)(746)(3,654)(895)(2,759)
Other comprehensive loss$(3,434)$(243)$(3,191)$(1,825)$(897)$(928)
Nine Months Ended March 31,
20262025
Pre-Tax AmountTax Expense (Benefit)Net AmountPre-Tax AmountTax Expense (Benefit)Net Amount
Foreign currency translation adjustments$2,139 $11 $2,128 $(19,046)$31 $(19,077)
Post-employment benefits:
Reclassification of net actuarial gains and prior service cost into other expense (income), net and included in net periodic pension costs7 3 4 (19)(8)(11)
Unrealized gain (loss) on cash flow hedge262 64 198 (950)(232)(718)
Reclassification of interest from cash flow hedge into interest income, net(8,141)(1,975)(6,166)(12,436)(3,046)(9,390)
Other comprehensive loss$(5,733)$(1,897)$(3,836)$(32,451)$(3,255)$(29,196)
v3.26.1
SEGMENT INFORMATION (Tables)
 9 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Schedule of Segment Financial Information These corporate and other expenses reconcile segment operating income to total consolidated income before income taxes.
Three Months Ended March 31, 2026Service CenterEngineered SolutionsTotal
Total sales$806,017 $466,667 $1,272,684 
Less: Inter-segment sales¹
1,080 20,151 21,231 
Net sales$804,937 $446,516 $1,251,453 
Less segment expenses:
Cost of sales569,901 300,748 
Selling, distribution, and administrative expense, including depreciation²
125,626 94,132 
Segment operating income$109,410 $51,636 $161,046 
Corporate & other expense, net23,121 
Interest expense, net2,447 
Other expense, net350 
Income before income taxes$135,128 
Three Months Ended March 31, 2025Service CenterEngineered SolutionsTotal
Total sales$762,460 $417,216 $1,179,676 
Less: Inter-segment sales¹
858 12,069 12,927 
Net sales$761,602 $405,147 $1,166,749 
Less segment expenses:
Cost of sales538,383 273,076 
Selling, distribution, and administrative expense, including depreciation²
116,833 87,553 
Segment operating income$106,386 $44,518 $150,904 
Corporate & other expense, net21,502 
Interest expense, net853 
Other expense, net1,267 
Income before income taxes$127,282 
Nine Months Ended March 31, 2026Service CenterEngineered SolutionsTotal
Total sales$2,338,187 $1,333,378 $3,671,565 
Less: Inter-segment sales¹
3,453 54,113 57,566 
Net sales$2,334,734 $1,279,265 $3,613,999 
Less segment expenses:
Cost of sales1,655,934 862,498 
Selling, distribution, and administrative expense, including depreciation²
371,067 271,390 
Segment operating income$307,733 $145,377 $453,110 
Corporate & other expense, net62,946 
Interest expense, net4,382 
Other income, net(703)
Income before income taxes$386,485 
Nine Months Ended March 31, 2025Service CenterEngineered SolutionsTotal
Total sales$2,237,256 $1,142,118 $3,379,374 
Less: Inter-segment sales¹
2,088 38,592 40,680 
Net sales$2,235,168 $1,103,526 $3,338,694 
Less segment expenses:
Cost of sales1,585,666 744,606 
Selling, distribution, and administrative expense, including depreciation²
357,318 224,277 
Segment operating income$292,184 $134,643 $426,827 
Corporate & other expense, net63,383 
Interest income, net(710)
Other income, net(1,769)
Income before income taxes$365,923 
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.
Schedule of Depreciation and Amortization of Property
A reconciliation of supplemental segment financial information is as follows:
Three Months EndedService CenterEngineered SolutionsTotal
March 31, 2026
Depreciation and amortization of property$4,412 $1,984 $6,396 
Amortization of intangibles782 9,102 9,884 
Capital expenditures4,271 463 4,734 
March 31, 2025
Depreciation and amortization of property$4,477 $2,106 $6,583 
Amortization of intangibles779 9,439 10,218 
Capital expenditures6,667 882 7,549 

Nine Months EndedService CenterEngineered SolutionsTotal
March 31, 2026
Assets used in the business$1,595,462 $1,393,249 $2,988,711 
Depreciation and amortization of property12,953 6,519 19,472 
Amortization of intangibles2,225 27,988 30,213 
Capital expenditures14,990 3,322 18,312 
March 31, 2025
Assets used in the business$1,666,452 $1,449,211 $3,115,663 
Depreciation and amortization of property13,279 5,154 18,433 
Amortization of intangibles2,393 22,992 25,385 
Capital expenditures15,746 2,549 18,295 
v3.26.1
OTHER EXPENSE (INCOME), NET (Tables)
 9 Months Ended
Mar. 31, 2026
Other Income and Expenses [Abstract]  
Schedule of Other Nonoperating Expense (Income)
Other expense (income), net consists of the following:
 Three Months EndedNine Months Ended
March 31,March 31,
 2026202520262025
Unrealized loss (gain) on assets held in rabbi trust for a non-qualified deferred compensation plan$659 $710 $(1,284)$(746)
Foreign currency transactions losses (gains)241 997 1,424 (235)
Net other periodic post-employment costs26 37 78 109 
Life insurance income, net(522)(486)(804)(726)
Other, net(54)9 (117)(171)
Total other expense (income), net$350 $1,267 $(703)$(1,769)
v3.26.1
BASIS OF PRESENTATION (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2026
Mar. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]        
LIFO expenses $ 5,565 $ 2,198 $ 15,119 $ 4,841
v3.26.1
REVENUE RECOGNITION- Schedule of Net Sales by Reportable Segment and by Geographic Areas (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2026
Mar. 31, 2025
Disaggregation of Revenue [Line Items]        
Net sales $ 1,251,453 $ 1,166,749 $ 3,613,999 $ 3,338,694
United States        
Disaggregation of Revenue [Line Items]        
Net sales 1,107,122 1,032,283 3,187,659 2,919,065
Canada        
Disaggregation of Revenue [Line Items]        
Net sales 70,783 71,555 220,628 220,808
Other countries        
Disaggregation of Revenue [Line Items]        
Net sales 73,548 62,911 205,712 198,821
Service Center        
Disaggregation of Revenue [Line Items]        
Net sales 804,937 761,602 2,334,734 2,235,168
Service Center | United States        
Disaggregation of Revenue [Line Items]        
Net sales 682,464 643,479 1,964,425 1,868,962
Service Center | Canada        
Disaggregation of Revenue [Line Items]        
Net sales 70,783 71,555 220,628 220,808
Service Center | Other countries        
Disaggregation of Revenue [Line Items]        
Net sales 51,690 46,568 149,681 145,398
Engineered Solutions        
Disaggregation of Revenue [Line Items]        
Net sales 446,516 405,147 1,279,265 1,103,526
Engineered Solutions | United States        
Disaggregation of Revenue [Line Items]        
Net sales 424,658 388,804 1,223,234 1,050,103
Engineered Solutions | Canada        
Disaggregation of Revenue [Line Items]        
Net sales 0 0 0 0
Engineered Solutions | Other countries        
Disaggregation of Revenue [Line Items]        
Net sales $ 21,858 $ 16,343 $ 56,031 $ 53,423
v3.26.1
REVENUE RECOGNITION- Schedule of Revenue by Reportable Segment and Major Customer Industry (Details)
 3 Months Ended 9 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2026
Mar. 31, 2025
General Industry        
Disaggregation of Revenue [Line Items]        
Total 38.10% 36.60% 37.70% 36.10%
Industrial Machinery        
Disaggregation of Revenue [Line Items]        
Total 15.00% 14.10% 14.20% 13.20%
Food        
Disaggregation of Revenue [Line Items]        
Total 10.80% 11.10% 11.10% 11.40%
Metals        
Disaggregation of Revenue [Line Items]        
Total 10.10% 9.50% 9.90% 9.90%
Forest Products        
Disaggregation of Revenue [Line Items]        
Total 8.30% 9.20% 8.20% 9.20%
Chem/Petrochem        
Disaggregation of Revenue [Line Items]        
Total 5.20% 6.30% 5.80% 6.90%
Cement & Aggregate        
Disaggregation of Revenue [Line Items]        
Total 5.10% 5.10% 5.40% 5.50%
Transportation        
Disaggregation of Revenue [Line Items]        
Total 3.80% 4.20% 4.00% 4.00%
Oil & Gas        
Disaggregation of Revenue [Line Items]        
Total 3.60% 3.90% 3.70% 3.80%
Total        
Disaggregation of Revenue [Line Items]        
Total 100.00% 100.00% 100.00% 100.00%
Service Center | General Industry        
Disaggregation of Revenue [Line Items]        
Total 34.90% 33.80% 34.50% 34.50%
Service Center | Industrial Machinery        
Disaggregation of Revenue [Line Items]        
Total 8.60% 8.70% 8.20% 8.30%
Service Center | Food        
Disaggregation of Revenue [Line Items]        
Total 15.20% 15.50% 15.50% 15.30%
Service Center | Metals        
Disaggregation of Revenue [Line Items]        
Total 12.00% 11.10% 11.70% 11.10%
Service Center | Forest Products        
Disaggregation of Revenue [Line Items]        
Total 11.80% 12.50% 11.70% 12.10%
Service Center | Chem/Petrochem        
Disaggregation of Revenue [Line Items]        
Total 2.30% 2.70% 2.50% 2.80%
Service Center | Cement & Aggregate        
Disaggregation of Revenue [Line Items]        
Total 7.10% 7.20% 7.60% 7.50%
Service Center | Transportation        
Disaggregation of Revenue [Line Items]        
Total 3.40% 3.50% 3.50% 3.60%
Service Center | Oil & Gas        
Disaggregation of Revenue [Line Items]        
Total 4.70% 5.00% 4.80% 4.80%
Service Center | Total        
Disaggregation of Revenue [Line Items]        
Total 100.00% 100.00% 100.00% 100.00%
Engineered Solutions | General Industry        
Disaggregation of Revenue [Line Items]        
Total 44.20% 41.50% 43.60% 39.10%
Engineered Solutions | Industrial Machinery        
Disaggregation of Revenue [Line Items]        
Total 26.50% 24.30% 25.20% 23.40%
Engineered Solutions | Food        
Disaggregation of Revenue [Line Items]        
Total 3.00% 2.90% 2.90% 3.30%
Engineered Solutions | Metals        
Disaggregation of Revenue [Line Items]        
Total 6.50% 6.50% 6.40% 7.60%
Engineered Solutions | Forest Products        
Disaggregation of Revenue [Line Items]        
Total 1.90% 3.10% 2.00% 3.20%
Engineered Solutions | Chem/Petrochem        
Disaggregation of Revenue [Line Items]        
Total 10.50% 13.10% 11.80% 15.30%
Engineered Solutions | Cement & Aggregate        
Disaggregation of Revenue [Line Items]        
Total 1.50% 1.30% 1.40% 1.40%
Engineered Solutions | Transportation        
Disaggregation of Revenue [Line Items]        
Total 4.50% 5.40% 4.90% 4.80%
Engineered Solutions | Oil & Gas        
Disaggregation of Revenue [Line Items]        
Total 1.40% 1.90% 1.80% 1.90%
Engineered Solutions | Total        
Disaggregation of Revenue [Line Items]        
Total 100.00% 100.00% 100.00% 100.00%
v3.26.1
REVENUE RECOGNITION- Schedule of Revenue by Reportable Segment and Product Line (Details)
 3 Months Ended 9 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2026
Mar. 31, 2025
Disaggregation of Revenue [Line Items]        
Total 100.00% 100.00% 100.00% 100.00%
Power Transmission        
Disaggregation of Revenue [Line Items]        
Total 26.80% 27.20% 27.30% 28.70%
General MRO & Other        
Disaggregation of Revenue [Line Items]        
Total 23.30% 23.10% 23.40% 22.00%
Fluid Power        
Disaggregation of Revenue [Line Items]        
Total 23.00% 22.30% 22.40% 20.80%
Bearings, Linear & Seals        
Disaggregation of Revenue [Line Items]        
Total 17.30% 17.10% 17.00% 17.50%
Specialty Flow Control        
Disaggregation of Revenue [Line Items]        
Total 9.60% 10.30% 9.90% 11.00%
Service Center        
Disaggregation of Revenue [Line Items]        
Total 100.00% 100.00% 100.00% 100.00%
Service Center | Power Transmission        
Disaggregation of Revenue [Line Items]        
Total 36.70% 36.70% 37.40% 37.60%
Service Center | General MRO & Other        
Disaggregation of Revenue [Line Items]        
Total 21.80% 22.60% 22.30% 22.30%
Service Center | Fluid Power        
Disaggregation of Revenue [Line Items]        
Total 15.20% 14.70% 14.60% 14.30%
Service Center | Bearings, Linear & Seals        
Disaggregation of Revenue [Line Items]        
Total 26.30% 26.00% 25.70% 25.80%
Engineered Solutions        
Disaggregation of Revenue [Line Items]        
Total 100.00% 100.00% 100.00% 100.00%
Engineered Solutions | Power Transmission        
Disaggregation of Revenue [Line Items]        
Total 9.10% 9.30% 8.70% 10.30%
Engineered Solutions | General MRO & Other        
Disaggregation of Revenue [Line Items]        
Total 25.70% 24.00% 25.60% 21.30%
Engineered Solutions | Fluid Power        
Disaggregation of Revenue [Line Items]        
Total 37.00% 36.70% 36.60% 34.30%
Engineered Solutions | Bearings, Linear & Seals        
Disaggregation of Revenue [Line Items]        
Total 1.20% 0.30% 1.00% 0.40%
Engineered Solutions | Specialty Flow Control        
Disaggregation of Revenue [Line Items]        
Total 27.00% 29.70% 28.10% 33.70%
v3.26.1
REVENUE RECOGNITION- Schedule of Contract Assets and Liabilities (Details) - USD ($)
$ in Thousands
 9 Months Ended
Mar. 31, 2026
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]    
Contract assets $ 19,343 $ 11,659
Contract assets period $ change $ 7,684  
Contract assets period % change 65.90%  
Contract liabilities $ 33,575 $ 29,244
Contract liabilities period $ change $ 4,331  
Contract liabilities period % change 0.148  
v3.26.1
BUSINESS COMBINATIONS - Narrative (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Jan. 17, 2026
May 01, 2025
Dec. 31, 2024
Aug. 01, 2024
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2026
Mar. 31, 2025
Jun. 30, 2025
Jun. 30, 2024
Business Combination [Line Items]                    
Goodwill         $ 704,998   $ 704,998   $ 699,374 $ 619,395
Thompson Industrial Supply                    
Business Combination [Line Items]                    
Purchase price $ 9,000                  
Tangible assets 1,400                  
Identifiable intangible asset 3,800                  
Goodwill 3,800                  
Contingent consideration, liability $ 1,350                  
Interest rate 1.00%                  
Hydradyne, LLC                    
Business Combination [Line Items]                    
Cash consideration     $ 282,136              
Fair value of net tangible assets             (872)      
Goodwill             872      
Net sales         65,683   195,406      
Net income         $ 4,072   12,006      
Pro forma adjustment, amortization               $ 5,473    
Pro forma adjustment, interest income           $ 2,761   $ 8,283    
Identifiable intangible assets     126,050              
Goodwill     $ 68,217              
IRIS Factory Automation                    
Business Combination [Line Items]                    
Purchase price   $ 14,696                
Goodwill             252      
Tangible assets             $ 252      
Net tangible assets acquired   107                
Identifiable intangible assets   7,810                
Goodwill   $ 6,993                
Total Machine Solutions                    
Business Combination [Line Items]                    
Purchase price       $ 6,025            
Net tangible assets acquired       1,115            
Identifiable intangible assets       2,738            
Goodwill       2,172            
Stanley Proctor                    
Business Combination [Line Items]                    
Purchase price       3,924            
Net tangible assets acquired       362            
Identifiable intangible assets       1,725            
Goodwill       $ 1,837            
Business acquired percentage       100.00%            
v3.26.1
BUSINESS COMBINATIONS- Schedule of Business Combination, Recognized Asset Acquired and Liability Assumed (Details) - Hydradyne, LLC
$ in Thousands
Dec. 31, 2024
USD ($)
Business Combination [Line Items]  
Cash and cash equivalents $ 13,146
Accounts receivable 42,436
Inventories 44,085
Other current assets 996
Property, net 6,483
Operating lease assets 52,257
Identifiable intangible assets 126,050
Goodwill 68,217
Other assets 111
Total assets acquired 353,781
Accounts payable and accrued liabilities 15,771
Other current liabilities 4,546
Other liabilities 51,328
Net assets acquired $ 282,136
v3.26.1
BUSINESS COMBINATIONS- Schedule of Business Combination, Pro Forma Information (Details) - Hydradyne, LLC - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended 9 Months Ended
Mar. 31, 2025
Mar. 31, 2025
Business Combination [Line Items]    
Sales $ 1,166,749 $ 3,468,012
Net income $ 98,929 $ 288,538
Diluted net income per share (in dollar per share) $ 2.55 $ 7.42
v3.26.1
GOODWILL AND INTANGIBLES- Schedule of changes in the carrying amount of goodwill by reportable segment (Details) - USD ($)
$ in Thousands
 9 Months Ended 12 Months Ended
Mar. 31, 2026
Jun. 30, 2025
Changes in the carrying amount of goodwill by reportable segment    
Balance at beginning of period $ 699,374 $ 619,395
Goodwill acquired during the year (period) 5,825 80,109
Other, primarily currency translation (201) (130)
Balance at end of period 704,998 699,374
Service Center    
Changes in the carrying amount of goodwill by reportable segment    
Balance at beginning of period 221,706 219,574
Goodwill acquired during the year (period) 4,307 2,262
Other, primarily currency translation (201) (130)
Balance at end of period 225,812 221,706
Engineered Solutions    
Changes in the carrying amount of goodwill by reportable segment    
Balance at beginning of period 477,668 399,821
Goodwill acquired during the year (period) 1,518 77,847
Other, primarily currency translation 0 0
Balance at end of period $ 479,186 $ 477,668
v3.26.1
GOODWILL AND INTANGIBLES- Narrative (Details)
$ in Thousands
 9 Months Ended
Mar. 31, 2026
USD ($)
segment
Goodwill [Line Items]  
Number of reporting units | segment 8
Amortization expense for the remainder of 2026 $ 9,600
Amortization expense for 2027 37,400
Amortization expense for 2028 34,900
Amortization expense for 2029 32,800
Amortization expense for 2030 30,800
Amortization expense for 2031 28,700
Service Center  
Goodwill [Line Items]  
Accumulated goodwill impairment losses 64,794
Engineered Solutions  
Goodwill [Line Items]  
Accumulated goodwill impairment losses $ 167,605
v3.26.1
GOODWILL AND INTANGIBLES- Schedule of Intangible Assets (Details) - USD ($)
$ in Thousands
Mar. 31, 2026
Jun. 30, 2025
Amortization details resulting from business combinations    
Amount $ 624,693 $ 626,080
Accumulated Amortization 302,004 277,480
Net Book Value 322,689 348,600
Customer relationships    
Amortization details resulting from business combinations    
Amount 509,690 510,834
Accumulated Amortization 251,973 233,392
Net Book Value 257,717 277,442
Trade names    
Amortization details resulting from business combinations    
Amount 108,351 108,344
Accumulated Amortization 47,114 41,585
Net Book Value 61,237 66,759
Other    
Amortization details resulting from business combinations    
Amount 6,652 6,902
Accumulated Amortization 2,917 2,503
Net Book Value $ 3,735 $ 4,399
v3.26.1
GOODWILL AND INTANGIBLES- Schedule of Acquired Finite-Lived Intangible Assets by Major Class (Details) - Customer relationships
$ in Thousands
 9 Months Ended
Mar. 31, 2026
USD ($)
Acquired Indefinite-lived Intangible Assets [Line Items]  
Acquisition Cost Allocation $ 4,307
Weighted-Average life 20 years
v3.26.1
DEBT- Schedule of Debt (Details) - USD ($)
$ in Thousands
Mar. 31, 2026
Jun. 30, 2025
Long-term Debt Instruments [Line Items]    
Revolving credit facility $ 177,000 $ 384,000
Total debt 365,300 572,300
Trade receivable securitization facility    
Long-term Debt Instruments [Line Items]    
Trade receivable securitization facility $ 188,300 $ 188,300
v3.26.1
DEBT- Narrative (Details) - USD ($)
$ in Thousands
 1 Months Ended 9 Months Ended
Oct. 31, 2025
Mar. 31, 2026
Mar. 31, 2025
Oct. 21, 2025
Jun. 30, 2025
Aug. 31, 2018
Long-term Debt Instruments [Line Items]            
Letters of credit outstanding   $ 5,336     $ 5,336  
Revolving credit facility   177,000     384,000  
Current portion of long-term debt   18,000     $ 0  
Payment of debt issuance costs   1,611 $ 0      
Term of the new credit facility 5 years          
Amortization of debt issuance costs   $ 47        
Trade receivable securitization facility            
Long-term Debt Instruments [Line Items]            
Interest rate on revolving credit facility   4.58%     5.32%  
Interest rate, stated percentage           0.90%
Aggregate principal amount           $ 250,000
The Amended Revolving Credit Facility            
Long-term Debt Instruments [Line Items]            
Facility accordion feature         $ 209  
Revolving Credit Facility            
Long-term Debt Instruments [Line Items]            
Debt term 5 years          
Facility accordion feature         $ 515,791  
Letters of credit outstanding       $ 243    
Interest rate on revolving credit facility       4.47% 5.23%  
Revolving credit facility   $ 177,000        
Current portion of long-term debt   $ 18,000        
Short-term debt, percentage   4.42%        
Payment of debt issuance costs   $ 1,611        
Debt instrument, unamortized discount   804        
Revolving Credit Facility | Line of Credit            
Long-term Debt Instruments [Line Items]            
Revolving credit facility       $ 900,000    
Line of credit facility, accordion feature, increase limit       800,000    
Facility accordion feature   $ 722,757        
Revolving Credit Facility | Minimum | Line of Credit | Base Rate            
Long-term Debt Instruments [Line Items]            
Debt instrument, basis spread on variable rate 0.00%          
Revolving Credit Facility | Minimum | Line of Credit | Secured Overnight Financing Rate (SOFR)            
Long-term Debt Instruments [Line Items]            
Debt instrument, basis spread on variable rate 0.80%          
Revolving Credit Facility | Maximum | Line of Credit | Base Rate            
Long-term Debt Instruments [Line Items]            
Debt instrument, basis spread on variable rate 0.55%          
Revolving Credit Facility | Maximum | Line of Credit | Secured Overnight Financing Rate (SOFR)            
Long-term Debt Instruments [Line Items]            
Debt instrument, basis spread on variable rate 1.55%          
Bridge Loan | Line of Credit            
Long-term Debt Instruments [Line Items]            
Revolving credit facility       25,000    
Letter of Credit | Line of Credit            
Long-term Debt Instruments [Line Items]            
Revolving credit facility       $ 50,000    
v3.26.1
DERIVATIVES (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2026
Mar. 31, 2025
Jun. 30, 2025
Jan. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]            
Principal payments $ 384,000   $ 384,000   $ 384,000 $ 463,000
Fixed pay rate 1.58%   1.58%      
Variable rate         2.48%  
Interest rate cash flow hedge         $ 5,503  
Reclassification of interest income (loss) $ 988 $ 3,654 $ 8,141 $ 12,436    
v3.26.1
FAIR VALUE MEASUREMENTS (Details) - USD ($)
$ in Thousands
Mar. 31, 2026
Jun. 30, 2025
Level 1    
Fair Value Measurements (Textuals) [Line Items]    
Marketable securities $ 27,428 $ 25,628
Level 3    
Fair Value Measurements (Textuals) [Line Items]    
Fair value of the COLI policies $ 21,598 $ 20,817
v3.26.1
SHAREHOLDERS' EQUITY- Schedule of Accumulated Other Comprehensive Income Loss (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Mar. 31, 2026
Dec. 31, 2025
Sep. 30, 2025
Mar. 31, 2025
Dec. 31, 2024
Sep. 30, 2024
Mar. 31, 2026
Mar. 31, 2025
Foreign currency translation adjustment                
Balance at beginning of period $ (92,642)   $ (97,216) $ (116,461)   $ (95,566) $ (97,216) $ (95,566)
Net current-period other comprehensive (loss) income (2,446)     1,818     2,128 (19,077)
Balance at end of period (95,088) $ (92,642)   (114,643) $ (116,461)   (95,088) (114,643)
Post-employment benefits                
Balance at beginning of period (435)   (438) (399)   (391) (438) (391)
Balance at end of period (434) (435)   (402) (399)   (434) (402)
Cash flow hedge                
Balance at beginning of period 746   5,968 11,026   18,391 5,968 18,391
Other comprehensive income (loss) 0     16     198 (718)
Amounts reclassified from accumulated other comprehensive (loss) income (746)     (2,759)     (6,166) (9,390)
Balance at end of period 0 746   8,283 11,026   0 8,283
Total Accumulated other comprehensive loss                
Balance at beginning of period (92,331)   (91,686) (105,834)   (77,566) (91,686) (77,566)
Net current-period other comprehensive income (loss) (3,191)     (928)     (3,836) (29,196)
Balance at end of period (95,522) (92,331)   (106,762) (105,834)   (95,522) (106,762)
Foreign currency translation adjustment                
Foreign currency translation adjustment                
Other comprehensive income (loss) (2,446)     1,818     2,139 (19,077)
Net current-period other comprehensive (loss) income (2,446)     1,818     2,128 (19,077)
Foreign currency translation adjustment | Amounts reclassified from accumulated other comprehensive income (loss)                
Foreign currency translation adjustment                
Amounts reclassified from accumulated other comprehensive (loss) income 0     0     (11) 0
Total Accumulated other comprehensive loss                
Amounts reclassified from accumulated other comprehensive (loss) income 0     0     (11) 0
Post-employment benefits                
Post-employment benefits                
Other comprehensive income (loss) 0     0     0 0
Net current-period other comprehensive income (loss) 1     (3)     4 (11)
Post-employment benefits | Amounts reclassified from accumulated other comprehensive income (loss)                
Post-employment benefits                
Amounts reclassified from accumulated other comprehensive (loss) income 1     (3)     4 (11)
Cash flow hedge                
Cash flow hedge                
Other comprehensive income (loss) 0     16     198 (718)
Net current-period other comprehensive income (loss) (746)     (2,743)     (5,968) (10,108)
Cash flow hedge | Amounts reclassified from accumulated other comprehensive income (loss)                
Cash flow hedge                
Amounts reclassified from accumulated other comprehensive (loss) income (746)     (2,759)     (6,166) (9,390)
Total Accumulated other comprehensive loss                
Total Accumulated other comprehensive loss                
Other comprehensive income (loss) (2,446)     1,834     2,337 (19,795)
Net current-period other comprehensive income (loss) (3,191) $ 1,244 $ (1,889) (928) $ (19,326) $ (8,942) (3,836) (29,196)
Total Accumulated other comprehensive loss | Amounts reclassified from accumulated other comprehensive income (loss)                
Foreign currency translation adjustment                
Amounts reclassified from accumulated other comprehensive (loss) income (745)     (2,762)     (6,173) (9,401)
Total Accumulated other comprehensive loss                
Amounts reclassified from accumulated other comprehensive (loss) income $ (745)     $ (2,762)     $ (6,173) $ (9,401)
v3.26.1
SHAREHOLDERS' EQUITY- Schedule of Other Comprehensive Loss (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2026
Mar. 31, 2025
Pre-Tax Amount        
Foreign currency translation adjustments $ (2,447) $ 1,814 $ 2,139 $ (19,046)
Reclassification of net actuarial gains and prior service cost into other expense (income), net and included in net periodic pension costs 1 (6) 7 (19)
Unrealized gain (loss) on cash flow hedge 0 21 262 (950)
Reclassification of interest from cash flow hedge into interest income, net (988) (3,654) (8,141) (12,436)
Other comprehensive loss (3,434) (1,825) (5,733) (32,451)
Tax (Benefit) Expense        
Foreign currency translation adjustments (1) (4) 11 31
Reclassification of net actuarial gains and prior service cost into other expense (income), net and included in net periodic pension costs 0 (3) 3 (8)
Unrealized gain (loss) on cash flow hedge 0 5 64 (232)
Reclassification of interest from cash flow hedge into interest income, net (242) (895) (1,975) (3,046)
Other comprehensive loss (243) (897) (1,897) (3,255)
Net Amount        
Foreign currency translation adjustments (2,446) 1,818 2,128 (19,077)
Reclassification of net actuarial gains and prior service cost into other expense (income), net and included in net periodic pension costs 1 (3) 4 (11)
Unrealized gain (loss) on cash flow hedge 0 16 198 (718)
Reclassification of interest from cash flow hedge into interest income, net (746) (2,759) (6,166) (9,390)
Other comprehensive loss $ (3,191) $ (928) $ (3,836) $ (29,196)
v3.26.1
SHAREHOLDERS' EQUITY- Narrative (Details) - shares
shares in Thousands
 3 Months Ended 9 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2026
Mar. 31, 2025
Stockholders' Equity Note [Abstract]        
Antidilutive securities (in shares) 61 68 64 88
v3.26.1
SEGMENT INFORMATION - Narrative (Details)
 9 Months Ended
Mar. 31, 2026
segment
Segment Reporting [Abstract]  
Number of reportable segments 2
v3.26.1
SEGMENT INFORMATION - Schedule of Corporate and Other Expenses Reconcile Segment Operating Income to Total Consolidated Income (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2026
Mar. 31, 2025
Segment Reporting Information [Line Items]        
Net sales $ 1,251,453 $ 1,166,749 $ 3,613,999 $ 3,338,694
Cost of sales 870,649 811,459 2,518,432 2,330,272
Selling, distribution and administrative expense, including depreciation 242,879 225,888 705,403 644,978
Segment operating income 137,925 129,402 390,164 363,444
Corporate & other expense, net 23,121 21,502 62,946 63,383
Interest expense (income), net 2,447 853 4,382 (710)
Other income (expense), net 350 1,267 (703) (1,769)
Income before income taxes 135,128 127,282 386,485 365,923
Operating Segments        
Segment Reporting Information [Line Items]        
Net sales 1,272,684 1,179,676 3,671,565 3,379,374
Intersegment Eliminations        
Segment Reporting Information [Line Items]        
Net sales 21,231 12,927 57,566 40,680
Service Center        
Segment Reporting Information [Line Items]        
Net sales 804,937 761,602 2,334,734 2,235,168
Cost of sales 569,901 538,383 1,655,934 1,585,666
Selling, distribution and administrative expense, including depreciation 125,626 116,833 371,067 357,318
Segment operating income 109,410 106,386 307,733 292,184
Service Center | Operating Segments        
Segment Reporting Information [Line Items]        
Net sales 806,017 762,460 2,338,187 2,237,256
Service Center | Intersegment Eliminations        
Segment Reporting Information [Line Items]        
Net sales 1,080 858 3,453 2,088
Engineered Solutions        
Segment Reporting Information [Line Items]        
Net sales 446,516 405,147 1,279,265 1,103,526
Cost of sales 300,748 273,076 862,498 744,606
Selling, distribution and administrative expense, including depreciation 94,132 87,553 271,390 224,277
Segment operating income 51,636 44,518 145,377 134,643
Engineered Solutions | Operating Segments        
Segment Reporting Information [Line Items]        
Net sales 466,667 417,216 1,333,378 1,142,118
Engineered Solutions | Intersegment Eliminations        
Segment Reporting Information [Line Items]        
Net sales 20,151 12,069 54,113 38,592
Reportable Segments        
Segment Reporting Information [Line Items]        
Segment operating income $ 161,046 $ 150,904 $ 453,110 $ 426,827
v3.26.1
SEGMENT INFORMATION - Schedule of Depreciation and Amortization of Property (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2026
Mar. 31, 2025
Jun. 30, 2025
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]          
Depreciation and amortization of property $ 6,396 $ 6,583 $ 19,472 $ 18,433  
Assets used in the business 2,988,711 3,115,663 2,988,711 3,115,663 $ 3,175,544
Amortization of intangibles 9,884 10,218 30,213 25,385  
Capital expenditures 4,734 7,549 18,312 18,295  
Service Center          
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]          
Depreciation and amortization of property 4,412 4,477 12,953 13,279  
Assets used in the business 1,595,462 1,666,452 1,595,462 1,666,452  
Amortization of intangibles 782 779 2,225 2,393  
Capital expenditures 4,271 6,667 14,990 15,746  
Engineered Solutions          
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]          
Depreciation and amortization of property 1,984 2,106 6,519 5,154  
Assets used in the business 1,393,249 1,449,211 1,393,249 1,449,211  
Amortization of intangibles 9,102 9,439 27,988 22,992  
Capital expenditures $ 463 $ 882 $ 3,322 $ 2,549  
v3.26.1
OTHER EXPENSE (INCOME), NET (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2026
Mar. 31, 2025
Other Income and Expenses [Abstract]        
Unrealized loss (gain) on assets held in rabbi trust for a non-qualified deferred compensation plan $ 659 $ 710 $ (1,284) $ (746)
Foreign currency transactions losses (gains) 241 997 1,424 (235)
Net other periodic post-employment costs 26 37 78 109
Life insurance income, net (522) (486) (804) (726)
Other, net (54) 9 (117) (171)
Total other expense (income), net $ 350 $ 1,267 $ (703) $ (1,769)