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Segment Information
 9 Months Ended
May 31, 2026
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 general industrial; refining and petrochemical; industrial MRO; machining & manufacturing; power generation; infrastructure; mining 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 actual to forecasted 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 and nine months ended May 31, 2026 and 2025:
(in thousands)Three Months Ended May 31,Nine Months Ended May 31,
 2026202520262025
Net Sales by Reportable Segment & Product Line
IT&S Segment
Product$133,531 $124,308 $370,956 $344,274 
Service & Rental27,435 29,066 76,457 89,950 
160,966 153,374 447,413 434,224 
Other Segment6,587 5,287 19,155 15,161 
Consolidated Total
$167,553 $158,661 $466,568 $449,385 
Cost of Products Sold
IT&S Segment$75,798 $78,253 $223,683 $215,132 
Other Segment2,958 2,025 9,029 6,692 
Corporate13 (1,520)75 (424)
Consolidated Total$78,769 $78,758 $232,787 $221,400 
Gross Profit
IT&S Segment$85,168 $75,122 $223,731 $219,092 
Other Segment3,629 3,262 10,125 8,469 
Corporate(13)1,519 (75)424 
Consolidated Total$88,784 $79,903 $233,781 $227,985 
Selling, General and Administrative Expenses
IT&S Segment$34,914 $31,146 $99,944 $96,063 
Other Segment1,556 1,179 4,243 3,767 
Corporate9,349 8,800 26,771 25,035 
Consolidated Total$45,819 $41,125 $130,958 $124,865 
Amortization of Intangible Assets
IT&S Segment$1,542 $1,190 $4,533 $3,515 
Other Segment$— $— $— $— 
Corporate55 45 130 110 
Consolidated Total$1,597 $1,235 $4,663 $3,625 
Restructuring Charges
IT&S Segment$— $2,493 $3,283 $2,493 
Corporate— 3,369 — 3,369 
Consolidated Total$— $5,862 $3,283 $5,862 
(in thousands)Three Months Ended May 31,Nine Months Ended May 31,
 2026202520262025
Operating Profit (Loss)
IT&S Segment$48,712 $40,293 $115,971 $117,021 
Other Segment2,073 2,083 5,882 4,702 
Corporate(9,417)(10,695)(26,976)(28,090)
Consolidated Total$41,368 $31,681 $94,877 $93,633 
Operating Profit %
IT&S Segment30.3 %26.3 %25.9 %26.9 %
Other Segment31.5 %39.4 %30.7 %31.0 %
Capital Expenditures:
IT&S Segment$1,553 $2,194 $6,257 $6,824 
Other Segment108 89 142 369 
Corporate1,846 2,560 2,842 9,167 
Consolidated Total$3,507 $4,843 $9,241 $16,360 
(in thousands)May 31, 2026August 31, 2025
Assets
IT&S Segment$691,643 $672,123 
Other Segment25,136 25,294 
Corporate94,764 130,450 
Consolidated Total$811,543 $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.