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Consolidated Balance Sheets - USD ($)
$ in Millions
Nov. 30, 2025
May 31, 2025
Current assets:    
Cash and cash equivalents $ 89.8 $ 38.0
Restricted cash 0.0 54.9
Receivables, less allowances of $1.0 and $3.8, respectively 440.8 438.7
Inventories:    
Raw materials 177.5 179.4
Work in process 131.1 165.6
Finished products 104.4 77.0
Total inventories 413.0 422.0
Income taxes receivable 4.8 0.1
Assets held for sale 10.2 11.5
Prepaid expenses and other current assets 91.7 83.3
Total current assets 1,050.3 1,048.5
Investment in unconsolidated affiliate 133.8 126.6
Operating lease right-of-use assets 84.4 72.6
Finance lease right-of-use assets, net of accumulated amortization of $1.4 and $-, respectively 9.7 0.0
Goodwill 101.5 79.6
Other intangible assets, net of accumulated amortization of $54.3 and $50.3, respectively 88.3 67.9
Deferred income taxes 10.7 11.4
Other assets 7.9 7.0
Property, plant and equipment:    
Land 42.1 38.6
Buildings and improvements 218.9 190.4
Machinery and equipment 1,025.1 942.6
Construction in progress 170.0 132.7
Total property, plant and equipment 1,456.1 1,304.3
Less: accumulated depreciation 792.7 756.1
Total property, plant and equipment, net 663.4 548.2
Total assets 2,150.0 1,961.8
Current liabilities:    
Accounts payable 339.2 402.5
Short-term borrowings 110.0 149.2
Accrued compensation, contributions to employee benefit plans and related taxes 53.8 43.0
Dividends payable 9.0 9.3
Other accrued items 28.6 15.3
Current operating lease liabilities 10.3 7.7
Current finance lease liabilities 2.4 0.0
Income taxes payable 1.2 4.5
Current maturities of long-term debt 30.4 0.0
Total current liabilities 584.9 631.5
Other liabilities 51.7 32.8
Long-term debt 41.7 2.3
Noncurrent operating lease liabilities 78.5 68.7
Noncurrent finance lease liabilities 5.5 0.0
Deferred income taxes 40.8 28.6
Total liabilities 803.1 763.9
Mezzanine equity:    
Redeemable noncontrolling interest ("Redeemable NCI") 98.2 0.0
Total mezzanine equity 98.2 0.0
Shareholders' equity - controlling interest:    
Preferred shares, without par value; authorized - 1,000,000 shares; no shares issued or outstanding
Common shares, without par value; authorized - 150,000,000 shares; issued and outstanding 49,857,111 shares and 49,548,895 shares, respectively 0.0 0.0
Additional Paid-in Capital ("APIC") 915.1 913.9
Retained Earnings 203.5 164.2
Accumulated other comprehensive loss, net of taxes of $(2.3) and $(2.0), respectively (1.5) (4.0)
Total Shareholders' equity - controlling interest 1,117.1 1,074.1
Noncontrolling interests ("NCI") 131.6 123.8
Total equity 1,248.7 1,197.9
Total liabilities, mezzanine equity, and equity $ 2,150.0 $ 1,961.8