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BUSINESS SEGMENTS
 9 Months Ended
May 31, 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 Ended May 31,Nine Months Ended May 31,
(in thousands)2025202420252024
Net sales to external customers:
North America Steel Group$1,562,286 $1,671,358 $4,467,771 $4,750,210 
Europe Steel Group247,590 208,806 655,026 626,481 
Emerging Businesses Group197,454 188,593 525,733 521,826 
   Reportable segments total2,007,330 2,068,757 5,648,530 5,898,517 
Corporate and Other12,654 9,728 35,432 31,306 
   Total$2,019,984 $2,078,485 $5,683,962 $5,929,823 
Adjusted EBITDA:
North America Steel Group$185,984 $246,304 $503,007 $735,418 
Europe Steel Group3,593 (4,192)30,184 26,139 
Emerging Businesses Group40,912 38,220 87,091 87,011 
   Reportable segments total$230,489 $280,332 $620,282 $848,568 
May 31, 2025August 31, 2024
Total assets:
North America Steel Group$4,277,108 $4,219,603 
Europe Steel Group731,845 677,697 
Emerging Businesses Group866,444 861,025 
   Reportable segments total5,875,397 5,758,325 
Corporate and Other1,118,426 1,059,514 
   Total$6,993,823 $6,817,839 

The following table presents a reconciliation of net earnings (loss) to adjusted EBITDA for the reportable segments:
 Three Months Ended May 31,Nine Months Ended May 31,
(in thousands)2025202420252024
Net earnings (loss)$83,126 $119,440 $(67,119)$381,560 
Interest expense10,864 12,117 33,353 35,751 
Income tax expense (benefit)26,386 40,867 (18,569)120,361 
Depreciation and amortization72,376 70,692 213,397 208,177 
Asset impairments785 146 1,171 150 
Corporate and Other expenses36,952 37,070 458,049 102,569 
Adjusted EBITDA reportable segments$230,489 $280,332 $620,282 $848,568 

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 May 31, 2025
(in thousands)North America Steel GroupEurope Steel GroupEmerging Businesses GroupCorporate and OtherTotal
Major product:
Raw materials$331,123 $6,501 $— $— $337,624 
Steel products666,298 198,228 — — 864,526 
Downstream products506,639 33,639 46,002 — 586,280 
Construction products— — 78,219 — 78,219 
Ground stabilization solutions— — 68,560 — 68,560 
Other58,226 9,222 4,673 12,654 84,775 
Net sales to external customers1,562,286 247,590 197,454 12,654 2,019,984 
Intersegment net sales, eliminated in consolidation17,317 730 17,564 (35,611)— 
Net sales$1,579,603 $248,320 $215,018 $(22,957)$2,019,984 
Nine Months Ended May 31, 2025
(in thousands)North America Steel GroupEurope Steel GroupEmerging Businesses GroupCorporate and OtherTotal
Major product:
Raw materials$959,083 $16,927 $— $— $976,010 
Steel products1,884,312 519,709 — — 2,404,021 
Downstream products1,462,696 92,551 119,559 — 1,674,806 
Construction products— — 219,931 — 219,931 
Ground stabilization solutions— — 173,266 — 173,266 
Other161,680 25,839 12,977 35,432 235,928 
Net sales to external customers4,467,771 655,026 525,733 35,432 5,683,962 
Intersegment net sales, eliminated in consolidation49,927 1,966 42,610 (94,503)— 
Net sales$4,517,698 $656,992 $568,343 $(59,071)$5,683,962 
Three Months Ended May 31, 2024
(in thousands)North America Steel GroupEurope Steel GroupEmerging Businesses GroupCorporate and OtherTotal
Major product:
Raw materials$396,954 $4,721 $— $— $401,675 
Steel products648,618 167,705 — — 816,323 
Downstream products594,329 29,599 41,904 — 665,832 
Construction products— — 73,117 — 73,117 
Ground stabilization solutions— — 69,451 — 69,451 
Other31,457 6,781 4,121 9,728 52,087 
Net sales to external customers1,671,358 208,806 188,593 9,728 2,078,485 
Intersegment net sales, eliminated in consolidation19,495 737 8,041 (28,273)— 
Net sales$1,690,853 $209,543 $196,634 $(18,545)$2,078,485 
Nine Months Ended May 31, 2024
(in thousands)North America Steel GroupEurope Steel GroupEmerging Businesses GroupCorporate and OtherTotal
Major product:
Raw materials$1,035,615 $12,572 $— $— $1,048,187 
Steel products1,918,686 501,417 — — 2,420,103 
Downstream products1,684,584 91,744 119,957 — 1,896,285 
Construction products— — 216,343 — 216,343 
Ground stabilization solutions— — 171,909 — 171,909 
Other111,325 20,748 13,617 31,306 176,996 
Net sales to external customers4,750,210 626,481 521,826 31,306 5,929,823 
Intersegment net sales, eliminated in consolidation58,036 2,371 20,281 (80,688)— 
Net sales$4,808,246 $628,852 $542,107 $(49,382)$5,929,823