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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Feb. 28, 2025
Mar. 01, 2024
Feb. 28, 2025
Mar. 01, 2024
Total net sales $ 365,519 $ 284,821 $ 706,621 $ 559,068
Total cost of sales 260,871 202,887 504,161 394,284
Gross profit 104,648 81,934 202,460 164,784
Operating expenses:        
Research and development 19,907 20,526 39,718 41,915
Selling, general and administrative 59,315 61,385 119,851 118,602
Impairment of goodwill 6,079 0 6,079 0
Other operating expense 859 3,335 968 6,274
Total operating expenses 86,160 85,246 166,616 166,791
Operating income (loss) 18,488 (3,312) 35,844 (2,007)
Non-operating (income) expense:        
Interest expense, net 2,183 7,249 6,579 16,808
Other non-operating (income) expense (209) 248 427 (328)
Total non-operating (income) expense 1,974 7,497 7,006 16,480
Income (loss) before taxes 16,514 (10,809) 28,838 (18,487)
Income tax provision 7,643 2,198 14,003 5,732
Net income (loss) from continuing operations 8,871 (13,007) 14,835 (24,219)
Net loss from discontinued operations 0 0 0 (8,148)
Net income (loss) 8,871 (13,007) 14,835 (32,367)
Net income attributable to noncontrolling interest 789 613 1,536 1,174
Net income (loss) attributable to Penguin Solutions 8,082 (13,620) 13,299 (33,541)
Preferred share dividends 2,600 0 2,600 0
Income available for distribution 5,482 (13,620) 10,699 (33,541)
Income allocated to participating securities 482 0 492 0
Net income available to ordinary shareholders $ 5,000 $ (13,620) $ 10,207 $ (33,541)
Basic earnings (loss) per ordinary share:        
Continuing Operations (in usd per share) $ 0.09 $ (0.26) $ 0.19 $ (0.49)
Discontinued Operations (in usd per share) 0 0 0 (0.15)
Basic (in usd per share) 0.09 (0.26) 0.19 (0.64)
Diluted earnings (loss) per ordinary share:        
Continuing Operations (in usd per share) 0.09 (0.26) 0.19 (0.49)
Discontinued Operations (in usd per share) 0 0 0 (0.15)
Diluted (in usd per share) $ 0.09 $ (0.26) $ 0.19 $ (0.64)
Ordinary shares used in per share calculations:        
Basic (in shares) 53,454 52,031 53,468 52,050
Diluted (in shares) 54,384 52,031 54,484 52,050
Products        
Total net sales $ 301,479 $ 235,457 $ 571,739 $ 441,887
Total cost of sales 233,598 179,889 448,747 343,302
Services        
Total net sales 64,040 49,364 134,882 117,181
Total cost of sales $ 27,273 $ 22,998 $ 55,414 $ 50,982