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BUSINESS SEGMENTS (Tables)

3 Months Ended

Nov. 30, 2024

Segment Reporting [Abstract]

Summary of certain financial information from continuing operations by reportable segment

The following table summarizes certain financial information by reportable segment and Corporate and Other, as applicable:

						Three Months Ended November 30,
(in thousands)						2024						2023
Net sales to external customers:
North America Steel Group						$	1,518,637					$	1,592,650
Europe Steel Group						209,407						225,175
Emerging Businesses Group						169,415						177,239
Reportable segments total						1,897,459						1,995,064
Corporate and Other						12,143						7,987
Total						$	1,909,602					$	2,003,051
Adjusted EBITDA:
North America Steel Group						$	188,205					$	266,820
Europe Steel Group						25,839						38,942
Emerging Businesses Group						22,660						30,862
Reportable segments total						$	236,704					$	336,624

Reconciliations of earnings from continuing operations to adjusted operating profit

The following table presents a reconciliation of net earnings (loss) to adjusted EBITDA for the reportable segments:

						Three Months Ended November 30,
(in thousands)						2024						2023
Net earnings (loss)						$	(175,718)					$	176,273
Interest expense						11,322						11,756
Income tax expense (benefit)						(55,582)						48,422
Depreciation and amortization						70,437						69,186
Corporate and Other expenses						386,245						30,987
Adjusted EBITDA reportable segments						$	236,704					$	336,624

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:

						Three Months Ended November 30, 2024
(in thousands)						North America Steel Group						Europe Steel Group						Emerging Businesses Group						Corporate and Other						Total
Major product:
Raw materials						$	310,119					$	5,285					$	—					$	—					$	315,404
Steel products						625,465						162,137						—						—						787,602
Downstream products						527,598						33,634						32,378						—						593,610
Construction products						—						—						75,981						—						75,981
Ground stabilization solutions						—						—						56,512						—						56,512
Other						55,455						8,351						4,544						12,143						80,493
Net sales to external customers						1,518,637						209,407						169,415						12,143						1,909,602
Intersegment net sales, eliminated in consolidation						16,112						617						11,793						(28,522)						—
Net sales						$	1,534,749					$	210,024					$	181,208					$	(16,379)					$	1,909,602

						Three Months Ended November 30, 2023
(in thousands)						North America Steel Group						Europe Steel Group						Emerging Businesses Group						Corporate and Other						Total
Major product:
Raw materials						$	313,655					$	3,714					$	—					$	—					$	317,369
Steel products						657,760						175,532						—						—						833,292
Downstream products						577,002						38,628						37,546						—						653,176
Construction products						—						—						77,759						—						77,759
Ground stabilization solutions						—						—						57,323						—						57,323
Other						44,233						7,301						4,611						7,987						64,132
Net sales to external customers						1,592,650						225,175						177,239						7,987						2,003,051
Intersegment net sales, eliminated in consolidation						19,637						576						4,787						(25,000)						—
Net sales						$	1,612,287					$	225,751					$	182,026					$	(17,013)					$	2,003,051

X

- Definition

Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment.

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- Definition

Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information.

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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.

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