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Consolidated and Combined Statements of Earnings - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Nov. 30, 2024
Nov. 30, 2023
Nov. 30, 2024
Nov. 30, 2023
Income Statement [Abstract]        
Net sales $ 739.0 $ 808.0 $ 1,573.0 $ 1,713.8
Cost of goods sold 659.0 747.8 1,392.6 1,525.1
Gross margin 80.0 60.2 180.4 188.7
Selling, general and administrative expense 61.1 54.1 118.1 107.9
Impairment of long-lived assets 0.0 0.0 0.0 1.4
Separation costs 0.0 14.9 0.0 18.5
Operating income (loss) 18.9 (8.8) 62.3 60.9
Other income (expense):        
Miscellaneous income (expense), net 3.8 0.6 (2.1) 1.5
Interest expense, net (2.1) (0.2) (4.7) (0.7)
Equity in net income (loss) of unconsolidated affiliate (0.9) 3.8 0.4 12.8
Earnings (loss) before income taxes 19.7 (4.6) 55.9 74.5
Income tax expense (benefit) 3.6 (2.5) 7.6 14.5
Net earnings (loss) 16.1 (2.1) 48.3 60.0
Net earnings attributable to noncontrolling interests 3.3 3.9 7.1 7.5
Net earnings (loss) attributable to controlling interest $ 12.8 $ (6.0) $ 41.2 $ 52.5
Basic        
Weighted average common shares outstanding [1] 49,500,000 49,300,000 49,400,000 49,300,000
Earnings (loss) per common share attributable to controlling interest $ 0.26 $ (0.12) $ 0.83 $ 1.07
Diluted        
Weighted average common shares outstanding [2] 50,600,000 49,300,000 50,500,000 49,300,000
Earnings (loss) per common share attributable to controlling interest $ 0.25 $ (0.12) $ 0.82 $ 1.07
Common shares outstanding at end of period [1] 49,482,982 49,300,000 49,482,982 49,300,000
Cash dividends declared per common share $ 0.16   $ 0.32  
[1] Prior to the third quarter of fiscal 2024, reported Weighted average common shares outstanding (Basic) and Common shares outstanding at end of period reflect the basic common shares at the Separation. This share amount is being utilized for the calculation of basic earnings per common share for periods presented prior to the Separation.
[2] Prior to the third quarter of fiscal 2024, reported Weighted average common shares outstanding (Diluted) reflects the basic common shares at the Separation. This share amount is being utilized for the calculation of diluted earnings per common share for periods presented prior to the Separation.