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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Nov. 30, 2023
Nov. 30, 2022
Nov. 30, 2023
Nov. 30, 2022
Sales:        
Sales $ 545.4 $ 469.8 $ 1,095.1 $ 916.1
Cost and operating expenses:        
Cost 442.0 384.0 890.4 748.4
Gross profit 103.4 85.8 204.7 167.7
Provision for (Recovery of) credit losses   (0.1) 0.4 (0.1)
Selling, general and administrative 65.7 52.8 140.4 102.9
Earnings (Loss) from joint ventures 0.6 (0.7) (0.3) (1.3)
Operating income 38.3 32.4 63.6 63.6
Pension settlement charge     (26.7)  
Losses related to sale and exit of business (0.9) (0.1) (1.6) (0.1)
Other income (expense), net (0.1) 0.5 (0.1) 0.7
Interest expense (6.2) (2.1) (12.0) (3.2)
Interest income 0.6 0.1 1.0 0.2
Income from continuing operations before provision for income taxes 31.7 30.8 24.2 61.2
Income tax expense 7.9 8.3 1.0 16.4
Income from continuing operations 23.8 22.5 23.2 44.8
Income from discontinued operations, net of tax       0.4
Net income $ 23.8 $ 22.5 $ 23.2 $ 45.2
Earnings per share - basic:        
Earnings from continuing operations $ 0.67 $ 0.65 $ 0.66 $ 1.28
Income from discontinued operations       0.01
Earnings per share - basic 0.67 0.65 0.66 1.29
Earnings per share - diluted:        
Earnings from continuing operations 0.67 0.64 0.65 1.26
Income from discontinued operations       0.01
Earnings per share - diluted $ 0.67 $ 0.64 $ 0.65 $ 1.27
Products        
Sales:        
Sales $ 320.2 $ 298.6 $ 657.7 $ 563.8
Cost and operating expenses:        
Cost 257.5 234.8 531.3 448.8
Services        
Sales:        
Sales 225.2 171.2 437.4 352.3
Cost and operating expenses:        
Cost $ 184.5 $ 149.2 $ 359.1 $ 299.6