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SEGMENT INFORMATION (Tables) | 12 Months Ended
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Aug. 31, 2025
Segment Reporting [Abstract] |
Summary of certain financial information from continuing operations by reportable segment | The following tables present net sales and the significant expense categories that are included in adjusted EBITDA and regularly provided to the Company's CODM:
|  | Year Ended August 31, 2025
(in thousands) |  | North America Steel Group |  | Emerging Businesses Group |  | Europe Steel Group |  | Total
Net sales to external customers |  | $ | 6,083,849 |  |  | $ | 747,486 |  |  | $ | 918,320 |  |  | $ | 7,749,655 |
Intersegment net sales |  | 66,953 |  |  | 58,596 |  |  | 2,839 |  |  | 128,388 |
|  | $ | 6,150,802 |  |  | $ | 806,082 |  |  | $ | 921,159 |  |  | $ | 7,878,043 |
Reconciliation of net sales |  |  |  |  |  |  |  |
Corporate and Other, excluding eliminations |  |  |  |  |  |  |  | 48,825 |
Eliminations |  |  |  |  |  |  |  | (128,388) |
Total consolidated net sales |  |  |  |  |  |  |  | $ | 7,798,480 |
Less: |  |  |  |  |  |  |  |
Cost of goods sold |  | 5,286,310 |  |  | 547,607 |  |  | 859,269 |  |  |
Selling, general and administrative expenses |  | 316,900 |  |  | 168,718 |  |  | 27,358 |  |  |
Add: |  |  |  |  |  |  |  |
Depreciation and amortization(1) |  | 197,314 |  |  | 43,744 |  |  | 34,746 |  |  |
Asset impairments(1) |  | 383 |  |  | 4,220 |  |  | 4 |  |  |
Unrealized gain on undesignated commodity hedges(1) |  | (2,804) |  |  | — |  |  | — |  |  |
Adjusted EBITDA reportable segments |  | $ | 742,485 |  |  | $ | 137,721 |  |  | $ | 69,282 |  |  | $ | 949,488 |
Reconciliation of profit or loss |  |  |  |  |  |  |  |
Interest expense |  |  |  |  |  |  |  | 45,498 |
Depreciation and amortization |  |  |  |  |  |  |  | 285,877 |
Asset impairments |  |  |  |  |  |  |  | 4,607 |
Unrealized gain on undesignated commodity hedges |  |  |  |  |  |  |  | (2,804) |
Corporate and Other expenses |  |  |  |  |  |  |  | 508,765 |
Earnings before income taxes |  |  |  |  |  |  |  | $ | 107,545 |
Capital expenditures |  | $ | 323,517 |  |  | $ | 38,315 |  |  | $ | 33,613 |  |  |
Assets |  | $ | 4,306,295 |  |  | $ | 883,232 |  |  | $ | 750,370 |  |  |
__________________________________ (1) Depreciation and amortization, asset impairments and unrealized gain on undesignated commodity hedges are included in either cost of goods sold or SG&A expenses when those expenses are provided to the CODM.
|  | Year Ended August 31, 2024
(in thousands) |  | North America Steel Group |  | Emerging Businesses Group |  | Europe Steel Group |  | Total
Net sales to external customers |  | $ | 6,309,730 |  |  | $ | 717,397 |  |  | $ | 848,566 |  |  | $ | 7,875,693 |
Intersegment net sales |  | 73,376 |  |  | 33,357 |  |  | 3,044 |  |  | 109,777 |
|  | $ | 6,383,106 |  |  | $ | 750,754 |  |  | $ | 851,610 |  |  | $ | 7,985,470 |
Reconciliation of net sales |  |  |  |  |  |  |  |
Corporate and Other, excluding eliminations |  |  |  |  |  |  |  | 50,279 |
Eliminations |  |  |  |  |  |  |  | (109,777) |
Total consolidated net sales |  |  |  |  |  |  |  | $ | 7,925,972 |
Less: |  |  |  |  |  |  |  |
Cost of goods sold |  | 5,319,787 |  |  | 512,883 |  |  | 839,872 |  |  |
Selling, general and administrative expenses |  | 316,224 |  |  | 152,286 |  |  | 23,448 |  |  |
Add: |  |  |  |  |  |  |  |
Depreciation and amortization(1) |  | 192,697 |  |  | 43,945 |  |  | 34,077 |  |  |
Asset impairments(1) |  | 6,558 |  |  | — |  |  | 150 |  |  |
Unrealized gain on undesignated commodity hedges(1) |  | (1,962) |  |  | — |  |  | — |  |  |
Adjusted EBITDA reportable segments |  | $ | 944,388 |  |  | $ | 129,530 |  |  | $ | 22,517 |  |  | $ | 1,096,435 |
Reconciliation of profit or loss |  |  |  |  |  |  |  |
Interest expense |  |  |  |  |  |  |  | 47,893 |
Depreciation and amortization |  |  |  |  |  |  |  | 280,367 |
Asset impairments |  |  |  |  |  |  |  | 6,708 |
Unrealized gain loss on undesignated commodity hedges |  |  |  |  |  |  |  | (1,962) |
Corporate and Other expenses |  |  |  |  |  |  |  | 127,758 |
Earnings before income taxes |  |  |  |  |  |  |  | $ | 635,671 |
Capital expenditures |  | $ | 250,599 |  |  | $ | 20,479 |  |  | $ | 44,726 |  |  |
Assets |  | $ | 4,219,603 |  |  | $ | 861,025 |  |  | $ | 677,697 |  |  |
__________________________________ (1) Depreciation and amortization, asset impairments and unrealized gain on undesignated commodity hedges are included in either cost of goods sold or SG&A expenses when those expenses are provided to the CODM.
|  | Year Ended August 31, 2023
(in thousands) |  | North America Steel Group |  | Emerging Businesses Group |  | Europe Steel Group |  | Total
Net sales to external customers |  | $ | 6,704,305 |  |  | $ | 721,746 |  |  | $ | 1,328,791 |  |  | $ | 8,754,842 |
Intersegment net sales |  | 93,522 |  |  | 22,802 |  |  | 2,353 |  |  | 118,677 |
|  | $ | 6,797,827 |  |  | $ | 744,548 |  |  | $ | 1,331,144 |  |  | $ | 8,873,519 |
Reconciliation of net sales |  |  |  |  |  |  |  |
Corporate and Other, excluding eliminations |  |  |  |  |  |  |  | 44,691 |
Eliminations |  |  |  |  |  |  |  | (118,677) |
Total consolidated net sales |  |  |  |  |  |  |  | $ | 8,799,533 |
Less: |  |  |  |  |  |  |  |
Cost of goods sold |  | $ | 5,302,100 |  |  | $ | 509,905 |  |  | $ | 1,290,825 |  |  |
Selling, general and administrative expenses |  | 307,420 |  |  | 136,383 |  |  | 24,500 |  |  |
Add: |  |  |  |  |  |  |  |
Depreciation and amortization(1) |  | 136,391 |  |  | 40,725 |  |  | 32,607 |  |  |
Asset impairments(1) |  | 3,733 |  |  | — |  |  | 47 |  |  |
Unrealized loss on undesignated commodity hedges(1) |  | 3,122 |  |  | — |  |  | — |  |  |
Adjusted EBITDA reportable segments |  | $ | 1,331,553 |  |  | $ | 138,985 |  |  | $ | 48,473 |  |  | $ | 1,519,011 |
Reconciliation of profit or loss |  |  |  |  |  |  |  |
Interest expense |  |  |  |  |  |  |  | 40,127 |
Depreciation and amortization |  |  |  |  |  |  |  | 218,830 |
Asset impairments |  |  |  |  |  |  |  | 3,780 |
Unrealized loss on undesignated commodity hedges |  |  |  |  |  |  |  | 3,122 |
Corporate and Other expenses |  |  |  |  |  |  |  | 131,185 |
Earnings before income taxes |  |  |  |  |  |  |  | $ | 1,121,967 |
Capital expenditures |  | $ | 535,927 |  |  | $ | 19,986 |  |  | $ | 37,600 |  |  |
Assets |  | $ | 4,166,521 |  |  | $ | 874,330 |  |  | $ | 927,468 |  |  |
__________________________________ (1) Depreciation and amortization, asset impairments and unrealized loss on undesignated commodity hedges are included in either cost of goods sold or SG&A expenses when those expenses are provided to the CODM. The following tables present a reconciliation of certain financial information to consolidated totals for the reportable segments:
|  | Year Ended August 31, 2025
(in thousands) |  | Reportable Segments Total |  | Corporate and Other |  | Consolidated Total
Depreciation and amortization |  | $ | 275,804 |  |  | $ | 10,073 |  |  | $ | 285,877 |
Asset impairments |  | 4,607 |  |  | — |  |  | 4,607 |
Capital expenditures |  | 395,445 |  |  | 7,376 |  |  | 402,821 |
Assets |  | 5,939,897 |  |  | 1,231,937 |  |  | 7,171,834 |
|  | Year Ended August 31, 2024
(in thousands) |  | Reportable Segments Total |  | Corporate and Other |  | Consolidated Total
Depreciation and amortization |  | $ | 270,719 |  |  | $ | 9,648 |  |  | $ | 280,367 |
Asset impairments |  | 6,708 |  |  | — |  |  | 6,708 |
Capital expenditures |  | 315,804 |  |  | 8,467 |  |  | 324,271 |
Assets |  | 5,758,325 |  |  | 1,059,514 |  |  | 6,817,839 |
|  | Year Ended August 31, 2023
(in thousands) |  | Reportable Segments Total |  | Corporate and Other |  | Consolidated Total
Depreciation and amortization |  | $ | 209,723 |  |  | $ | 9,107 |  |  | $ | 218,830 |
Asset impairments |  | 3,780 |  |  | — |  |  | 3,780 |
Capital expenditures |  | 593,513 |  |  | 13,152 |  |  | 606,665 |
Assets |  | 5,968,319 |  |  | 670,775 |  |  | 6,639,094 |
Net sales by major product | The following tables display net sales to external customers by reportable segment and Corporate and Other, disaggregated by major product:
|  | Year Ended August 31, 2025
(in thousands) |  | North America Steel Group |  | Emerging Businesses Group |  | Europe Steel Group |  | Corporate and Other |  | Total
Major product: |  |  |  |  |  |  |  |  |  |
Raw materials |  | $ | 1,305,753 |  |  | $ | — |  |  | $ | 22,859 |  |  | $ | — |  |  | $ | 1,328,612 |
Steel products |  | 2,564,107 |  |  | — |  |  | 727,372 |  |  | — |  |  | 3,291,479 |
Downstream products |  | 1,993,761 |  |  | 163,409 |  | 129,841 |  |  | — |  |  | 2,287,011 |
Construction products |  | — |  |  | 304,130 |  | — |  |  | — |  |  | 304,130 |
Ground stabilization solutions |  | — |  |  | 261,738 |  | — |  |  | — |  |  | 261,738 |
Other |  | 220,228 |  |  | 18,209 |  | 38,248 |  |  | 48,825 |  |  | 325,510 |
Net sales to external customers |  | 6,083,849 |  |  | 747,486 |  |  | 918,320 |  |  | 48,825 |  |  | 7,798,480 |
Intersegment net sales, eliminated in consolidation |  | 66,953 |  |  | 58,596 |  |  | 2,839 |  |  | (128,388) |  |  | — |
Net sales |  | $ | 6,150,802 |  |  | $ | 806,082 |  |  | $ | 921,159 |  |  | $ | (79,563) |  |  | $ | 7,798,480 |
|  | Year Ended August 31, 2024
(in thousands) |  | North America Steel Group |  | Emerging Businesses Group |  | Europe Steel Group |  | Corporate and Other |  | Total
Major product: |  |  |  |  |  |  |  |  |  |
Raw materials |  | $ | 1,311,995 |  |  | $ | — |  |  | $ | 17,943 |  |  | $ | — |  |  | $ | 1,329,938 |
Steel products |  | 2,564,472 |  |  | — |  |  | 672,886 |  |  | — |  |  | 3,237,358 |
Downstream products |  | 2,217,621 |  |  | 157,644 |  |  | 121,431 |  |  | — |  |  | 2,496,696 |
Construction products |  | — |  |  | 290,304 |  |  | — |  |  | — |  |  | 290,304 |
Ground stabilization solutions |  | — |  |  | 250,941 |  |  | — |  |  | — |  |  | 250,941 |
Other |  | 215,642 |  |  | 18,508 |  |  | 36,306 |  |  | 50,279 |  |  | 320,735 |
Net sales to external customers |  | 6,309,730 |  |  | 717,397 |  |  | 848,566 |  |  | 50,279 |  |  | 7,925,972 |
Intersegment net sales, eliminated in consolidation |  | 73,376 |  |  | 33,357 |  |  | 3,044 |  |  | (109,777) |  |  | — |
Net sales |  | $ | 6,383,106 |  |  | $ | 750,754 |  |  | $ | 851,610 |  |  | $ | (59,498) |  |  | $ | 7,925,972 |
|  | Year Ended August 31, 2023
(in thousands) |  | North America Steel Group |  | Emerging Businesses Group |  | Europe Steel Group |  | Corporate and Other |  | Total
Major product: |  |  |  |  |  |  |  |  |  |
Raw materials |  | $ | 1,324,373 |  |  | $ | — |  |  | $ | 21,010 |  |  | $ | — |  |  | $ | 1,345,383 |
Steel products |  | 2,776,572 |  |  | — |  |  | 1,069,130 |  |  | — |  |  | 3,845,702 |
Downstream products |  | 2,417,045 |  |  | 118,321 |  |  | 194,414 |  |  | — |  |  | 2,729,780 |
Construction products |  | — |  |  | 332,940 |  |  | — |  |  | — |  |  | 332,940 |
Ground stabilization solutions |  | — |  |  | 256,148 |  |  | — |  |  | — |  |  | 256,148 |
Other |  | 186,315 |  |  | 14,337 |  |  | 44,237 |  |  | 44,691 |  |  | 289,580 |
Net sales to external customers |  | 6,704,305 |  |  | 721,746 |  |  | 1,328,791 |  |  | 44,691 |  |  | 8,799,533 |
Intersegment net sales, eliminated in consolidation |  | 93,522 |  |  | 22,802 |  |  | 2,353 |  |  | (118,677) |  |  | — |
Net sales |  | $ | 6,797,827 |  |  | $ | 744,548 |  |  | $ | 1,331,144 |  |  | $ | (73,986) |  |  | $ | 8,799,533 |
External net sales from continuing operations by geographic area | The Company allocates net sales to external customers based on the location of the customer. The following table presents net sales by geographic area of the Company's customers:
|  | Year Ended August 31,
(in thousands) |  | 2025 |  | 2024 |  | 2023
Geographic area: |  |  |  |  |  |
United States |  | $ | 6,216,096 |  |  | $ | 6,465,388 |  |  | $ | 6,894,990 |
Poland |  | 617,623 |  |  | 583,320 |  |  | 941,806 |
Other |  | 964,761 |  |  | 877,264 |  |  | 962,737 |
Net sales |  | $ | 7,798,480 |  |  | $ | 7,925,972 |  |  | $ | 8,799,533 |
Long-lived assets by geographic area | The following table presents long-lived assets, net of accumulated depreciation and amortization, by geographic area:
|  | August 31,
(in thousands) |  | 2025 |  | 2024 |  | 2023
Geographic area: |  |  |  |  |  |
United States |  | $ | 2,650,327 |  |  | $ | 2,499,949 |  |  | $ | 2,343,606 |
Poland |  | 256,248 |  |  | 236,326 |  |  | 209,966 |
Other |  | 37,780 |  |  | 43,026 |  |  | 39,704 |
Total long-lived assets, net |  | $ | 2,944,355 |  |  | $ | 2,779,301 |  |  | $ | 2,593,276 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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