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Segment Information (Tables)
9 Months Ended
May 31, 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 May 31, 2023:

 

 

Revenue

 

 

Earnings (loss) from operations

 

(in millions)

 

External

 

 

Intersegment

 

 

Total

 

 

External

 

 

Intersegment

 

 

Total

 

Manufacturing

 

$

870.2

 

 

$

73.3

 

 

$

943.5

 

 

$

44.1

 

 

$

7.9

 

 

$

52.0

 

Maintenance Services

 

 

122.9

 

 

 

11.0

 

 

 

133.9

 

 

 

11.0

 

 

 

 

 

 

11.0

 

Leasing & Management Services

 

 

45.0

 

 

 

0.3

 

 

 

45.3

 

 

 

25.9

 

 

 

 

 

 

25.9

 

Eliminations

 

 

 

 

 

(84.6

)

 

 

(84.6

)

 

 

 

 

 

(7.9

)

 

 

(7.9

)

Corporate

 

 

 

 

 

 

 

 

 

 

 

(30.3

)

 

 

 

 

 

(30.3

)

 

 

$

1,038.1

 

 

$

 

 

$

1,038.1

 

 

$

50.7

 

 

$

 

 

$

50.7

 

 

For the nine months ended May 31, 2023:

 

 

Revenue

 

 

Earnings (loss) from operations

 

(in millions)

 

External

 

 

Intersegment

 

 

Total

 

 

External

 

 

Intersegment

 

 

Total

 

Manufacturing

 

$

2,485.3

 

 

$

214.6

 

 

$

2,699.9

 

 

$

87.3

 

 

$

20.7

 

 

$

108.0

 

Maintenance Services

 

 

306.4

 

 

 

25.7

 

 

 

332.1

 

 

 

23.3

 

 

 

 

 

 

23.3

 

Leasing & Management Services

 

 

134.9

 

 

 

1.0

 

 

 

135.9

 

 

 

82.2

 

 

 

0.1

 

 

 

82.3

 

Eliminations

 

 

 

 

 

(241.3

)

 

 

(241.3

)

 

 

 

 

 

(20.8

)

 

 

(20.8

)

Corporate

 

 

 

 

 

 

 

 

 

 

 

(79.5

)

 

 

 

 

 

(79.5

)

 

 

$

2,926.6

 

 

$

 

 

$

2,926.6

 

 

$

113.3

 

 

$

 

 

$

113.3

 

 

For the three months ended May 31, 2022:

 

 

Revenue

 

 

Earnings (loss) from operations

 

(in millions)

 

External

 

 

Intersegment

 

 

Total

 

 

External

 

 

Intersegment

 

 

Total

 

Manufacturing

 

$

650.9

 

 

$

38.3

 

 

$

689.2

 

 

$

20.5

 

 

$

1.8

 

 

$

22.3

 

Maintenance Services

 

 

101.5

 

 

 

8.6

 

 

 

110.1

 

 

 

8.6

 

 

 

 

 

 

8.6

 

Leasing & Management Services

 

 

41.1

 

 

 

0.6

 

 

 

41.7

 

 

 

19.2

 

 

 

0.1

 

 

 

19.3

 

Eliminations

 

 

 

 

 

(47.5

)

 

 

(47.5

)

 

 

 

 

 

(1.9

)

 

 

(1.9

)

Corporate

 

 

 

 

 

 

 

 

 

 

 

(28.7

)

 

 

 

 

 

(28.7

)

 

 

$

793.5

 

 

$

 

 

$

793.5

 

 

$

19.6

 

 

$

 

 

$

19.6

 

 

For the nine months ended May 31, 2022:

 

 

Revenue

 

 

Earnings (loss) from operations

 

(in millions)

 

External

 

 

Intersegment

 

 

Total

 

 

External

 

 

Intersegment

 

 

Total

 

Manufacturing

 

$

1,659.1

 

 

$

79.5

 

 

$

1,738.6

 

 

$

34.6

 

 

$

2.1

 

 

$

36.7

 

Maintenance Services

 

 

260.5

 

 

 

17.4

 

 

 

277.9

 

 

 

10.4

 

 

 

 

 

 

10.4

 

Leasing & Management Services

 

 

107.4

 

 

 

1.3

 

 

 

108.7

 

 

 

84.0

 

 

 

0.1

 

 

 

84.1

 

Eliminations

 

 

 

 

 

(98.2

)

 

 

(98.2

)

 

 

 

 

 

(2.2

)

 

 

(2.2

)

Corporate

 

 

 

 

 

 

 

 

 

 

 

(72.4

)

 

 

 

 

 

(72.4

)

 

 

$

2,027.0

 

 

$

 

 

$

2,027.0

 

 

$

56.6

 

 

$

 

 

$

56.6

 

 

 

 

Total assets

 

(in millions)

 

May 31,
2023

 

 

August 31,
2022

 

Manufacturing

 

$

1,891.1

 

 

$

1,853.9

 

Maintenance Services

 

 

295.1

 

 

 

284.8

 

Leasing & Management Services

 

 

1,325.6

 

 

 

1,152.2

 

Unallocated, including cash

 

 

409.9

 

 

 

560.6

 

 

$

3,921.7

 

 

$

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
May 31,

 

 

Nine Months Ended
May 31,

 

(in millions)

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Earnings from operations

 

$

50.7

 

 

$

19.6

 

 

$

113.3

 

 

$

56.6

 

Interest and foreign exchange

 

 

22.8

 

 

 

14.9

 

 

 

64.0

 

 

 

39.3

 

Earnings before income tax and earnings
  from unconsolidated affiliates

 

$

27.9

 

 

$

4.7

 

 

$

49.3

 

 

$

17.3