XML 30 R19.htm IDEA: XBRL DOCUMENT v3.25.4
Segment Information
 3 Months Ended
Nov. 30, 2025
Segment Reporting [Abstract]  
Segment Information
Note 11. Segment Information
The Company is a global manufacturer of a broad range of industrial products and solutions. The IT&S reportable segment is primarily engaged in the design, manufacture and distribution of branded hydraulic and mechanical tools and in providing services and tool rental to the infrastructure; industrial maintenance; repair and operations; oil & gas; mining; alternative and renewable energy; civil construction and other markets. The Other segment is included for purposes of reconciliation of the respective balances below to the condensed consolidated financial statements.
The Company’s Chief Executive Officer is the Chief Operating Decision Maker (CODM). The CODM allocates resources
and makes operating decisions based on the financial information presented by the Company’s segments. The measures
regularly reviewed by our CODM include segment sales, segment operating profit and segment operating profit margin. Our
CODM uses these financial measures, to evaluate and allocate capital and company resources as critical determinants of
segment performance. In addition, these metrics are used to monitor forecasted to actual and budgeted results to benchmark to
our peers. The following table includes segment sales, significant expense items and segment operating profit as viewed by the
CODM for three months ended November 30, 2025 and 2024 (in thousands):
 Three Months Ended November 30,
 20252024
Net Sales by Reportable Segment & Product Line
IT&S Segment
Product$112,111 $106,087 
Service & Rental25,651 34,047 
137,762 140,134 
Other Segment6,446 5,062 
Consolidated Total
$144,208 $145,196 
Cost of Products Sold
IT&S Segment$67,951 $67,668 
Other Segment$3,025 $2,290 
Corporate50 586 
Consolidated Total71,026 70,544 
Gross Profit
IT&S Segment$69,811 $72,466 
Other Segment$3,421 $2,772 
Corporate(50)(586)
Consolidated Total73,182 74,652 
Selling, General and Administrative Expenses
IT&S Segment$32,512 $33,291 
Other Segment$1,206 $1,453 
General Corporate9,377 7,574 
Consolidated Total43,095 42,318 
Amortization of Intangible Assets
IT&S Segment$1,559 $1,183 
General Corporate38 19 
Consolidated Total1,597 1,202 
 Three Months Ended November 30,
 20252024
Operating Profit (Loss)
IT&S Segment$35,740 $37,992 
Other Segment2,214 1,319 
Corporate(9,464)(8,179)
Consolidated Total$28,490 $31,132 
Operating Profit %
IT&S Segment25.9%27.1%
Other Segment34.3%26.1%
Capital Expenditures:
IT&S Segment$2,274 $1,905 
Other Segment70 122 
General Corporate333 3,830 
Consolidated Total2,677 5,857 

November 30, 2025August 31, 2025
Assets
IT&S Segment$670,562 $672,123 
Other Segment25,380 25,294 
Corporate122,119 130,450 
Consolidated Total$818,061 $827,867 
In addition to the impact of changes in foreign currency exchange rates, the comparability of segment and product line information is impacted by acquisition/divestiture activities, impairment and divestiture charges, restructuring costs and related benefits. Corporate assets, which are not allocated, principally represent cash and cash equivalents, property, plant and equipment, Right of Use ("ROU") assets, capitalized debt issuance costs and deferred income taxes.