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Segment Information (Tables)
9 Months Ended
Feb. 28, 2026
Segment Reporting [Abstract]  
Schedule of Significant Expenses Provided to CODM for Reportable Segment

The following table presents the significant expenses that are regularly provided to the CODM for the one reportable segment and the required disclosable amounts that are included in consolidated net earnings for the periods presented:

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

February 28,

 

 

February 28,

 

(In millions)

2026

 

 

2025

 

 

2026

 

 

2025

 

Net sales

$

769.8

 

 

$

687.4

 

 

$

2,514.6

 

 

$

2,260.4

 

Cost of goods sold:

 

 

 

 

 

 

 

 

 

 

 

Material cost

 

521.8

 

 

 

457.0

 

 

 

1,706.0

 

 

 

1,538.0

 

Direct labor, manufacturing expenses, and other (1)

 

171.9

 

 

 

149.2

 

 

 

524.1

 

 

 

460.8

 

Total cost of goods sold

 

693.7

 

 

 

606.2

 

 

 

2,230.1

 

 

 

1,998.8

 

Gross margin

 

76.1

 

 

 

81.2

 

 

 

284.5

 

 

 

261.6

 

Selling, general and administrative expense

 

77.5

 

 

 

54.6

 

 

 

216.3

 

 

 

172.7

 

Impairment of assets

 

1.5

 

 

 

7.4

 

 

 

2.1

 

 

 

7.4

 

Restructuring and other (income) expense, net

 

(6.0

)

 

 

0.9

 

 

 

(7.0

)

 

 

0.9

 

Operating income

 

3.1

 

 

 

18.3

 

 

 

73.1

 

 

 

80.6

 

Other income (expense):

 

 

 

 

 

 

 

 

 

 

 

Miscellaneous income (expense), net

 

9.8

 

 

 

0.2

 

 

 

9.9

 

 

 

(1.9

)

Interest expense, net

 

(2.1

)

 

 

(1.4

)

 

 

(7.7

)

 

 

(6.1

)

Equity in net income of unconsolidated affiliate

 

3.5

 

 

 

-

 

 

 

16.7

 

 

 

0.4

 

Earnings before income taxes

 

14.3

 

 

 

17.1

 

 

 

92.0

 

 

 

73.0

 

Income tax expense

 

3.5

 

 

 

5.0

 

 

 

21.1

 

 

 

12.6

 

Net earnings

 

10.8

 

 

 

12.1

 

 

 

70.9

 

 

 

60.4

 

Net earnings (loss) attributable to noncontrolling interests

 

0.4

 

 

 

(1.7

)

 

 

4.9

 

 

 

5.4

 

Net earnings attributable to controlling interest

$

10.4

 

 

$

13.8

 

 

$

66.0

 

 

$

55.0

 

 

(1)
Includes expenses related to manufacturing profit sharing and bonus.