XML 22 R2.htm IDEA: XBRL DOCUMENT v3.24.2
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
12 Months Ended
May 31, 2024
May 31, 2023
May 31, 2022
Sales:      
Sales $ 2,318.9 $ 1,990.5 $ 1,820.0
Costs and operating expenses:      
Cost 1,876.6 1,620.4 1,506.8
Gross profit 442.3 370.1 313.2
Provision for credit losses 0.7 2.6 1.2
Selling, general and administrative 312.2 230.4 202.2
Loss from joint ventures (0.2) (3.2) (2.9)
Operating income 129.2 133.9 106.9
Pension settlement charge (26.7)   (1.4)
Losses related to sale and exit of business (2.8) (0.7) (1.7)
Other income (expense), net (0.4) (0.8) 2.2
Interest expense (43.2) (12.2) (2.4)
Interest income 2.2 1.0 0.1
Income from continuing operations before provision for income taxes 58.3 121.2 105.1
Income tax expense 12.0 31.4 26.6
Income from continuing operations 46.3 89.8 78.5
Income from discontinued operations, net of tax   0.4 0.2
Net income $ 46.3 $ 90.2 $ 78.7
Earnings per share - basic:      
Earnings from continuing operations $ 1.30 $ 2.55 $ 2.19
Income from discontinued operations   0.01 0.01
Earnings per share - basic 1.30 2.56 2.20
Earnings per share - diluted:      
Earnings from continuing operations 1.29 2.52 2.16
Income from discontinued operations   0.01 0.01
Earnings per share - diluted $ 1.29 $ 2.53 $ 2.17
Products      
Sales:      
Sales $ 1,368.3 $ 1,238.7 $ 1,078.3
Costs and operating expenses:      
Cost 1,087.8 985.2 869.4
Services      
Sales:      
Sales 950.6 751.8 741.7
Costs and operating expenses:      
Cost $ 788.8 $ 635.2 $ 637.4