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BUSINESS SEGMENTS (Tables)

6 Months Ended

Feb. 28, 2025

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												Six Months Ended
(in thousands)						February 28, 2025						February 29, 2024						February 28, 2025						February 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 Group						198,029						192,500						407,436						417,675
Emerging Businesses Group						158,864						155,994						328,279						333,233
Reportable segments total						1,743,741						1,834,696						3,641,200						3,829,760
Corporate and Other						10,635						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 Group						752						(8,611)						26,591						30,331
Emerging Businesses Group						23,519						17,929						46,179						48,791
Reportable segments total						$	153,089					$	231,612					$	389,793					$	568,236

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												Six Months Ended
(in thousands)						February 28, 2025						February 29, 2024						February 28, 2025						February 29, 2024
Net earnings (loss)						$	25,473					$	85,847					$	(150,245)					$	262,120
Interest expense						11,167						11,878						22,489						23,634
Income tax expense (benefit)						10,627						31,072						(44,955)						79,494
Depreciation and amortization						70,584						68,299						141,021						137,485
Asset impairments						386						4						386						4
Corporate and Other expenses						34,852						34,512						421,097						65,499
Adjusted EBITDA reportable segments						$	153,089					$	231,612					$	389,793					$	568,236

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 February 28, 2025
(in thousands)						North America Steel Group						Europe Steel Group						Emerging Businesses Group						Corporate and Other						Total
Major product:
Raw materials						$	317,841					$	5,141					$	—					$	—					$	322,982
Steel products						592,549						159,344						—						—						751,893
Downstream products						428,459						25,278						41,179						—						494,916
Construction products						—						—						65,731						—						65,731
Ground stabilization solutions						—						—						48,194						—						48,194
Other						47,999						8,266						3,760						10,635						70,660
Net sales to external customers						1,386,848						198,029						158,864						10,635						1,754,376
Intersegment net sales, eliminated in consolidation						16,498						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 Group						Europe Steel Group						Emerging Businesses Group						Corporate and Other						Total
Major product:
Raw materials						$	627,960					$	10,426					$	—					$	—					$	638,386
Steel products						1,218,014						321,481						—						—						1,539,495
Downstream products						956,057						58,912						73,557						—						1,088,526
Construction products						—						—						141,712						—						141,712
Ground stabilization solutions						—						—						104,706						—						104,706
Other						103,454						16,617						8,304						22,778						151,153
Net sales to external customers						2,905,485						407,436						328,279						22,778						3,663,978
Intersegment net sales, eliminated in consolidation						32,610						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 Group						Europe Steel Group						Emerging Businesses Group						Corporate and Other						Total
Major product:
Raw materials						$	325,006					$	4,137					$	—					$	—					$	329,143
Steel products						612,308						158,180						—						—						770,488
Downstream products						513,253						23,517						40,507						—						577,277
Construction products						—						—						65,467						—						65,467
Ground stabilization solutions						—						—						45,135						—						45,135
Other						35,635						6,666						4,885						13,591						60,777
Net sales to external customers						1,486,202						192,500						155,994						13,591						1,848,287
Intersegment net sales, eliminated in consolidation						18,904						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 Group						Europe Steel Group						Emerging Businesses Group						Corporate and Other						Total
Major product:
Raw materials						$	638,661					$	7,851					$	—					$	—					$	646,512
Steel products						1,270,068						333,712						—						—						1,603,780
Downstream products						1,090,255						62,145						78,053						—						1,230,453
Construction products						—						—						143,226						—						143,226
Ground stabilization solutions						—						—						102,458						—						102,458
Other						79,868						13,967						9,496						21,578						124,909
Net sales to external customers						3,078,852						417,675						333,233						21,578						3,851,338
Intersegment net sales, eliminated in consolidation						38,541						1,634						12,240						(52,415)						—
Net sales						$	3,117,393					$	419,309					$	345,473					$	(30,837)					$	3,851,338

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- 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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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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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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