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BUSINESS SEGMENTS
 6 Months Ended
Feb. 28, 2025
Segment Reporting [Abstract]  
Business segments
NOTE 13. SEGMENT INFORMATION

The Company structures its business into three reportable segments: North America Steel Group, Europe Steel Group and Emerging Businesses Group. See Note 1, Nature of Operations and Summary of Significant Accounting Policies to the consolidated financial statements in the 2024 Form 10-K, for more information about the reportable segments, including the types of products and services from which each reportable segment derives its net sales.

Corporate and Other contains earnings or losses on assets and liabilities related to the Company's benefit restoration plan assets and short-term investments, expenses of the Company's corporate headquarters, litigation-related expenses, interest expense related to long-term debt and intercompany eliminations. Certain corporate administrative expenses are allocated to the segments based upon the nature of the expense.

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

 Three Months EndedSix Months Ended
(in thousands)February 28, 2025February 29, 2024February 28, 2025February 29, 2024
Net sales to external customers:
North America Steel Group$1,386,848 $1,486,202 $2,905,485 $3,078,852 
Europe Steel Group198,029 192,500 407,436 417,675 
Emerging Businesses Group158,864 155,994 328,279 333,233 
   Reportable segments total1,743,741 1,834,696 3,641,200 3,829,760 
Corporate and Other10,635 13,591 22,778 21,578 
   Total$1,754,376 $1,848,287 $3,663,978 $3,851,338 
Adjusted EBITDA:
North America Steel Group$128,818 $222,294 $317,023 $489,114 
Europe Steel Group752 (8,611)26,591 30,331 
Emerging Businesses Group23,519 17,929 46,179 48,791 
   Reportable segments total$153,089 $231,612 $389,793 $568,236 
February 28, 2025August 31, 2024
Total assets:
North America Steel Group$4,223,610 $4,219,603 
Europe Steel Group660,260 677,697 
Emerging Businesses Group834,722 861,025 
   Reportable segments total5,718,592 5,758,325 
Corporate and Other971,118 1,059,514 
   Total$6,689,710 $6,817,839 

The following table presents a reconciliation of net earnings (loss) to adjusted EBITDA for the reportable segments:
 Three Months EndedSix Months Ended
(in thousands)February 28, 2025February 29, 2024February 28, 2025February 29, 2024
Net earnings (loss)$25,473 $85,847 $(150,245)$262,120 
Interest expense11,167 11,878 22,489 23,634 
Income tax expense (benefit)10,627 31,072 (44,955)79,494 
Depreciation and amortization70,584 68,299 141,021 137,485 
Asset impairments386 4 386 4 
Corporate and Other expenses34,852 34,512 421,097 65,499 
Adjusted EBITDA reportable segments$153,089 $231,612 $389,793 $568,236 

Disaggregation of Revenue
The following tables display net sales to external customers by reportable segment and Corporate and Other, disaggregated by major product:
Three Months Ended February 28, 2025
(in thousands)North America Steel GroupEurope Steel GroupEmerging Businesses GroupCorporate and OtherTotal
Major product:
Raw materials$317,841 $5,141 $— $— $322,982 
Steel products592,549 159,344 — — 751,893 
Downstream products428,459 25,278 41,179 — 494,916 
Construction products— — 65,731 — 65,731 
Ground stabilization solutions— — 48,194 — 48,194 
Other47,999 8,266 3,760 10,635 70,660 
Net sales to external customers1,386,848 198,029 158,864 10,635 1,754,376 
Intersegment net sales, eliminated in consolidation16,498 619 13,253 (30,370)— 
Net sales$1,403,346 $198,648 $172,117 $(19,735)$1,754,376 
Six Months Ended February 28, 2025
(in thousands)North America Steel GroupEurope Steel GroupEmerging Businesses GroupCorporate and OtherTotal
Major product:
Raw materials$627,960 $10,426 $— $— $638,386 
Steel products1,218,014 321,481 — — 1,539,495 
Downstream products956,057 58,912 73,557 — 1,088,526 
Construction products— — 141,712 — 141,712 
Ground stabilization solutions— — 104,706 — 104,706 
Other103,454 16,617 8,304 22,778 151,153 
Net sales to external customers2,905,485 407,436 328,279 22,778 3,663,978 
Intersegment net sales, eliminated in consolidation32,610 1,236 25,046 (58,892)— 
Net sales$2,938,095 $408,672 $353,325 $(36,114)$3,663,978 
Three Months Ended February 29, 2024
(in thousands)North America Steel GroupEurope Steel GroupEmerging Businesses GroupCorporate and OtherTotal
Major product:
Raw materials$325,006 $4,137 $— $— $329,143 
Steel products612,308 158,180 — — 770,488 
Downstream products513,253 23,517 40,507 — 577,277 
Construction products— — 65,467 — 65,467 
Ground stabilization solutions— — 45,135 — 45,135 
Other35,635 6,666 4,885 13,591 60,777 
Net sales to external customers1,486,202 192,500 155,994 13,591 1,848,287 
Intersegment net sales, eliminated in consolidation18,904 1,058 7,453 (27,415)— 
Net sales$1,505,106 $193,558 $163,447 $(13,824)$1,848,287 
Six Months Ended February 29, 2024
(in thousands)North America Steel GroupEurope Steel GroupEmerging Businesses GroupCorporate and OtherTotal
Major product:
Raw materials$638,661 $7,851 $— $— $646,512 
Steel products1,270,068 333,712 — — 1,603,780 
Downstream products1,090,255 62,145 78,053 — 1,230,453 
Construction products— — 143,226 — 143,226 
Ground stabilization solutions— — 102,458 — 102,458 
Other79,868 13,967 9,496 21,578 124,909 
Net sales to external customers3,078,852 417,675 333,233 21,578 3,851,338 
Intersegment net sales, eliminated in consolidation38,541 1,634 12,240 (52,415)— 
Net sales$3,117,393 $419,309 $345,473 $(30,837)$3,851,338