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Segment Information (Tables)
12 Months Ended
Aug. 31, 2024
Segment Reporting [Abstract]  
Segments Internal Financial Reports

For the year ended August 31, 2024:

 

 

Revenue

 

 

Earnings (loss) from operations

 

(In millions)

 

External

 

 

Intersegment

 

 

Total

 

 

External

 

 

Intersegment

 

 

Total

 

Manufacturing

 

$

3,013.6

 

 

$

228.8

 

 

$

3,242.4

 

 

$

281.6

 

 

$

24.9

 

 

$

306.5

 

Maintenance Services

 

 

298.8

 

 

 

49.7

 

 

 

348.5

 

 

 

27.1

 

 

 

 

 

 

27.1

 

Leasing & Management Services

 

 

232.3

 

 

 

1.0

 

 

 

233.3

 

 

 

139.0

 

 

 

0.1

 

 

 

139.1

 

Eliminations

 

 

 

 

 

(279.5

)

 

 

(279.5

)

 

 

 

 

 

(25.0

)

 

 

(25.0

)

Corporate

 

 

 

 

 

 

 

 

 

 

 

(123.2

)

 

 

 

 

 

(123.2

)

 

 

$

3,544.7

 

 

$

 

 

$

3,544.7

 

 

$

324.5

 

 

$

 

 

$

324.5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the year ended August 31, 2023:

 

 

 

Revenue

 

 

Earnings (loss) from operations

 

(In millions)

 

External

 

 

Intersegment

 

 

Total

 

 

External

 

 

Intersegment

 

 

Total

 

Manufacturing

 

$

3,357.7

 

 

$

307.1

 

 

$

3,664.8

 

 

$

140.9

 

 

$

28.7

 

 

$

169.6

 

Maintenance Services

 

 

406.4

 

 

 

36.0

 

 

 

442.4

 

 

 

36.9

 

 

 

 

 

 

36.9

 

Leasing & Management Services

 

 

179.9

 

 

 

1.2

 

 

 

181.1

 

 

 

103.3

 

 

 

0.3

 

 

 

103.6

 

Eliminations

 

 

 

 

 

(344.3

)

 

 

(344.3

)

 

 

 

 

 

(29.0

)

 

 

(29.0

)

Corporate

 

 

 

 

 

 

 

 

 

 

 

(104.7

)

 

 

 

 

 

(104.7

)

 

 

$

3,944.0

 

 

$

 

 

$

3,944.0

 

 

$

176.4

 

 

$

 

 

$

176.4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the year ended August 31, 2022:

 

 

 

Revenue

 

 

Earnings (loss) from operations

 

(In millions)

 

External

 

 

Intersegment

 

 

Total

 

 

External

 

 

Intersegment

 

 

Total

 

Manufacturing

 

$

2,476.6

 

 

$

191.6

 

 

$

2,668.2

 

 

$

97.2

 

 

$

11.9

 

 

$

109.1

 

Maintenance Services

 

 

347.7

 

 

 

26.4

 

 

 

374.1

 

 

 

21.7

 

 

 

 

 

 

21.7

 

Leasing & Management Services

 

 

153.4

 

 

 

1.9

 

 

 

155.3

 

 

 

108.3

 

 

 

0.1

 

 

 

108.4

 

Eliminations

 

 

 

 

 

(219.9

)

 

 

(219.9

)

 

 

 

 

 

(12.0

)

 

 

(12.0

)

Corporate

 

 

 

 

 

 

 

 

 

 

 

(109.2

)

 

 

 

 

 

(109.2

)

 

 

$

2,977.7

 

 

$

 

 

$

2,977.7

 

 

$

118.0

 

 

$

 

 

$

118.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended August 31,

 

(In millions)

 

2024

 

 

2023

 

 

2022

 

Assets:

 

 

 

 

 

 

 

 

 

Manufacturing

 

$

1,881.2

 

 

$

1,847.0

 

 

$

1,853.9

 

Maintenance Services

 

 

291.2

 

 

 

294.4

 

 

 

284.8

 

Leasing & Management Services

 

 

1,633.6

 

 

 

1,458.1

 

 

 

1,152.2

 

Unallocated, including cash

 

 

448.5

 

 

 

378.9

 

 

 

560.6

 

 

$

4,254.5

 

 

$

3,978.4

 

 

$

3,851.5

 

Depreciation and amortization:

 

 

 

 

 

 

 

 

 

Manufacturing

 

$

61.5

 

 

$

60.3

 

 

$

61.7

 

Maintenance Services

 

 

10.6

 

 

 

10.5

 

 

 

10.7

 

Leasing & Management Services

 

 

43.5

 

 

 

35.5

 

 

 

29.6

 

 

$

115.6

 

 

$

106.3

 

 

$

102.0

 

Capital expenditures:

 

 

 

 

 

 

 

 

 

Manufacturing

 

$

102.8

 

 

$

71.9

 

 

$

48.3

 

Maintenance Services

 

 

18.5

 

 

 

17.3

 

 

 

9.2

 

Leasing & Management Services

 

 

277.0

 

 

 

272.9

 

 

 

323.2

 

 

$

398.3

 

 

$

362.1

 

 

$

380.7

 

 

 

 

 

 

 

 

 

 

 

Summary of Selected Geographic Information

The following table summarizes selected geographic information.

 

 

 

Year Ended August 31,

 

(In millions)

 

2024

 

 

2023

 

 

2022

 

Revenue 1:

 

 

 

 

 

 

 

 

 

U.S.

 

$

2,787.5

 

 

$

3,235.3

 

 

$

2,452.1

 

Foreign

 

 

757.2

 

 

 

708.7

 

 

 

525.6

 

 

$

3,544.7

 

 

$

3,944.0

 

 

$

2,977.7

 

Assets:

 

 

 

 

 

 

 

 

 

U.S.

 

$

2,775.4

 

 

$

2,593.4

 

 

$

2,689.6

 

Mexico

 

 

1,145.3

 

 

 

1,084.3

 

 

 

948.4

 

Europe

 

 

333.8

 

 

 

300.7

 

 

 

213.5

 

 

$

4,254.5

 

 

$

3,978.4

 

 

$

3,851.5

 

 

 

 

 

 

 

 

 

 

 

1 Revenue is presented on the basis of geographic location of customers.

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:

 

 

Year Ended August 31,

 

(In millions)

 

2024

 

 

2023

 

 

2022

 

Earnings from operations

 

$

324.5

 

 

$

176.4

 

 

$

118.0

 

Interest and foreign exchange

 

 

100.8

 

 

 

85.4

 

 

 

57.4

 

Earnings before income tax and earnings from unconsolidated affiliates

 

$

223.7

 

 

$

91.0

 

 

$

60.6