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Acquisitions (Tables)
12 Months Ended
May 31, 2024
Tempel Steel Company  
Schedule of Unaudited Pro Forma Information

The following unaudited pro forma information presents consolidated and combined financial information for fiscal 2022 as if Tempel had been acquired at the beginning of fiscal 2021. Depreciation and amortization expense included in the pro forma results reflect the acquisition-date fair values assigned to the definite-lived intangible assets and fixed assets of Tempel assuming a June 1, 2020 acquisition date. Adjustments have been made to remove acquisition-related costs and the acquisition date fair value adjustment to acquired inventories. The pro forma adjustments noted above have been adjusted for the applicable income tax impact. The pro forma information is presented for informational purposes only and is not indicative of the results of operations that would have been achieved if the acquisition had taken place on June 1, 2020.

 

 

 

Fiscal Year Ended May 31,

 

(In millions)

 

2022

 

Net sales

 

$

4,307.8

 

Net earnings attributable to controlling interest

 

$

199.4