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Segment Information (Tables)
6 Months Ended
Feb. 28, 2023
Segment Reporting [Abstract]  
Segments Internal Financial Reports

The information in the following table is derived directly from the segments’ internal financial reports used for corporate management purposes.

 

For the three months ended February 28, 2023:

 

 

 

Revenue

 

 

Earnings (loss) from operations

 

(in millions)

 

External

 

 

Intersegment

 

 

Total

 

 

External

 

 

Intersegment

 

 

Total

 

Manufacturing

 

$

968.6

 

 

$

96.8

 

 

$

1,065.4

 

 

$

46.6

 

 

$

8.8

 

 

$

55.4

 

Maintenance Services

 

 

98.0

 

 

 

6.2

 

 

 

104.2

 

 

 

6.8

 

 

 

 

 

 

6.8

 

Leasing & Management Services

 

 

55.4

 

 

 

0.5

 

 

 

55.9

 

 

 

40.7

 

 

 

0.1

 

 

 

40.8

 

Eliminations

 

 

 

 

 

(103.5

)

 

 

(103.5

)

 

 

 

 

 

(8.9

)

 

 

(8.9

)

Corporate

 

 

 

 

 

 

 

 

 

 

 

(26.7

)

 

 

 

 

 

(26.7

)

 

 

$

1,122.0

 

 

$

 

 

$

1,122.0

 

 

$

67.4

 

 

$

 

 

$

67.4

 

 

For the six months ended February 28, 2023:

 

 

 

Revenue

 

 

Earnings (loss) from operations

 

(in millions)

 

External

 

 

Intersegment

 

 

Total

 

 

External

 

 

Intersegment

 

 

Total

 

Manufacturing

 

$

1,615.1

 

 

$

141.3

 

 

$

1,756.4

 

 

$

43.2

 

 

$

12.8

 

 

$

56.0

 

Maintenance Services

 

 

183.5

 

 

 

14.7

 

 

 

198.2

 

 

 

12.3

 

 

 

 

 

 

12.3

 

Leasing & Management Services

 

 

89.9

 

 

 

0.7

 

 

 

90.6

 

 

 

56.3

 

 

 

0.1

 

 

 

56.4

 

Eliminations

 

 

 

 

 

(156.7

)

 

 

(156.7

)

 

 

 

 

 

(12.9

)

 

 

(12.9

)

Corporate

 

 

 

 

 

 

 

 

 

 

 

(49.2

)

 

 

 

 

 

(49.2

)

 

 

$

1,888.5

 

 

$

 

 

$

1,888.5

 

 

$

62.6

 

 

$

 

 

$

62.6

 

 

For the three months ended February 28, 2022:

 

 

 

Revenue

 

 

Earnings (loss) from operations

 

(in millions)

 

External

 

 

Intersegment

 

 

Total

 

 

External

 

 

Intersegment

 

 

Total

 

Manufacturing

 

$

555.7

 

 

$

1.8

 

 

$

557.5

 

 

$

1.8

 

 

$

 

 

$

1.8

 

Maintenance Services

 

 

86.6

 

 

 

6.1

 

 

 

92.7

 

 

 

2.9

 

 

 

 

 

 

2.9

 

Leasing & Management Services

 

 

40.5

 

 

 

0.4

 

 

 

40.9

 

 

 

47.6

 

 

 

 

 

 

47.6

 

Eliminations

 

 

 

 

 

(8.3

)

 

 

(8.3

)

 

 

 

 

 

 

 

 

 

Corporate

 

 

 

 

 

 

 

 

 

 

 

(27.1

)

 

 

 

 

 

(27.1

)

 

 

$

682.8

 

 

$

 

 

$

682.8

 

 

$

25.2

 

 

$

 

 

$

25.2

 

 

For the six months ended February 28, 2022:

 

 

 

Revenue

 

 

Earnings (loss) from operations

 

(in millions)

 

External

 

 

Intersegment

 

 

Total

 

 

External

 

 

Intersegment

 

 

Total

 

Manufacturing

 

$

1,008.2

 

 

$

41.2

 

 

$

1,049.4

 

 

$

14.1

 

 

$

0.3

 

 

$

14.4

 

Maintenance Services

 

 

159.0

 

 

 

8.8

 

 

 

167.8

 

 

 

1.8

 

 

 

 

 

 

1.8

 

Leasing & Management Services

 

 

66.3

 

 

 

0.7

 

 

 

67.0

 

 

 

64.8

 

 

 

 

 

 

64.8

 

Eliminations

 

 

 

 

 

(50.7

)

 

 

(50.7

)

 

 

 

 

 

(0.3

)

 

 

(0.3

)

Corporate

 

 

 

 

 

 

 

 

 

 

 

(43.7

)

 

 

 

 

 

(43.7

)

 

 

$

1,233.5

 

 

$

 

 

$

1,233.5

 

 

$

37.0

 

 

$

 

 

$

37.0

 

 

 

 

Total assets

 

(in millions)

 

February 28,
2023

 

 

August 31,
2022

 

Manufacturing

 

$

1,923.0

 

 

$

1,853.9

 

Maintenance Services

 

 

313.9

 

 

 

284.8

 

Leasing & Management Services

 

 

1,267.2

 

 

 

1,152.2

 

Unallocated, including cash

 

 

448.4

 

 

 

560.6

 

 

$

3,952.5

 

 

$

3,851.5

 

Reconciliation of Earnings from Operations to Earnings Before Income Tax and Earnings from Unconsolidated Affiliates

Reconciliation of Earnings from operations to Earnings before income tax and earnings from unconsolidated affiliates:

 

 

 

Three Months Ended
February 28,

 

 

Six Months Ended
February 28,

 

(in millions)

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Earnings from operations

 

$

67.4

 

 

$

25.2

 

 

$

62.6

 

 

$

37.0

 

Interest and foreign exchange

 

 

21.6

 

 

 

11.8

 

 

 

41.2

 

 

 

24.4

 

Earnings before income tax and earnings
  from unconsolidated affiliates

 

$

45.8

 

 

$

13.4

 

 

$

21.4

 

 

$

12.6