OPERATING SEGMENTS

6 Months Ended

Apr. 30, 2025

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

OPERATING SEGMENTS

Information on the Company’s two operating segments, the FSG and the ETG, for the six and three months ended April 30, 2025 and 2024, respectively, is as follows (in thousands):

			Other, Primarily Corporate and Intersegment (1)	Consolidated Totals
	Segment
	FSG	ETG
Six months ended April 30, 2025:
Net sales	$1,480,244	$672,482	($24,684)	$2,128,042
Depreciation	13,187	12,030	999	26,216
Amortization	41,094	27,007	785	68,886
Operating income	351,096	154,336	(30,475)	474,957
Capital expenditures	19,014	14,278	7	33,299
Six months ended April 30, 2024:
Net sales	$1,265,948	$605,264	($19,454)	$1,851,758
Depreciation	11,929	11,061	609	23,599
Amortization	36,304	25,649	784	62,737
Operating income	284,967	130,591	(26,195)	389,363
Capital expenditures	12,714	13,028	583	26,325
Three months ended April 30, 2025:
Net sales	$767,070	$342,167	($11,417)	$1,097,820
Depreciation	6,609	6,061	498	13,168
Amortization	21,840	13,476	393	35,709
Operating income	184,980	77,880	(14,708)	248,152
Capital expenditures	8,768	7,189	7	15,964
Three months ended April 30, 2024:
Net sales	$647,232	$319,322	($11,159)	$955,395
Depreciation	5,442	5,522	305	11,269
Amortization	18,447	12,723	392	31,562
Operating income	148,876	75,263	(14,986)	209,153
Capital expenditures	5,982	6,854	112	12,948

(1) Intersegment activity principally consists of net sales from the ETG to the FSG.

Total assets by operating segment are as follows (in thousands):

			Other, Primarily Corporate	Consolidated Totals
	Segment
	FSG	ETG
Total assets as of April 30, 2025	$4,606,613	$3,054,133	$431,430	$8,092,176
Total assets as of October 31, 2024	4,264,360	2,981,326	347,136	7,592,822