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Business Segments | 6 Months Ended
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Feb. 28, 2025
Segment Reporting [Abstract] |
Business Segments | Note 14 – Business Segments The Company manages its business activities in two reportable segments: irrigation and infrastructure. The Company evaluates the performance of its reportable segments based on segment revenues and operating income, with operating income for segment purposes excluding unallocated corporate general and administrative expenses, interest income, interest expense, other income and expenses and income taxes. Operating income for segment purposes includes general and administrative expenses, selling expenses, engineering and research expenses and other overhead charges directly attributable to the segment. There are no inter-segment sales included in the amounts disclosed. The Company had no single customer who represented 10 percent or more of its total revenues during the three or six months ended February 28, 2025 or February 29, 2024. Irrigation – This reporting segment includes the manufacture and marketing of center pivot, lateral move and hose reel irrigation systems and large diameter steel tubing as well as various innovative technology solutions such as GPS positioning and guidance, variable rate irrigation, remote irrigation management and scheduling technology, irrigation consulting and design and industrial internet of things, or “IIoT”, solutions. The irrigation reporting segment consists of one operating segment. Infrastructure – This reporting segment includes the manufacture and marketing of moveable barriers, specialty barriers, crash cushions and end terminals, and road marking and road safety equipment. The infrastructure reporting segment consists of one operating segment.
|  | Three months ended |  |  | Six months ended |
($ in thousands) |  | February 28, 2025 |  |  | February 29, 2024 |  |  | February 28, 2025 |  |  | February 29, 2024 |
Operating revenues: |  |  |  |  |  |  |  |  |  |  |  |
Irrigation: |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 77,145 |  |  | $ | 82,845 |  |  | $ | 154,884 |  |  | $ | 172,222 |
International |  |  | 70,994 |  |  |  | 50,173 |  |  |  | 140,342 |  |  |  | 100,964 |
Irrigation total |  |  | 148,139 |  |  |  | 133,018 |  |  |  | 295,226 |  |  |  | 273,186 |
Infrastructure |  |  | 38,925 |  |  |  | 18,501 |  |  |  | 58,119 |  |  |  | 39,691 |
Total operating revenues |  | $ | 187,064 |  |  | $ | 151,519 |  |  | $ | 353,345 |  |  | $ | 312,877 |
Operating income: |  |  |  |  |  |  |  |  |  |  |  |
Irrigation |  | $ | 27,377 |  |  | $ | 25,649 |  |  | $ | 52,111 |  |  | $ | 50,956 |
Infrastructure |  |  | 13,257 |  |  |  | 3,506 |  |  |  | 17,381 |  |  |  | 7,125 |
Corporate |  |  | (8,510 | ) |  |  | (7,057 | ) |  |  | (16,486 | ) |  |  | (14,909 | )
Total operating income |  |  | 32,124 |  |  |  | 22,098 |  |  |  | 53,006 |  |  |  | 43,172 |
Interest and other expense, net |  |  | 1,090 |  |  |  | 599 |  |  |  | 2,241 |  |  |  | 520 |
Earnings before income taxes |  | $ | 33,214 |  |  | $ | 22,697 |  |  | $ | 55,247 |  |  | $ | 43,692 |

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- Definition The entire disclosure for reporting segments including data and tables. 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