Business Segment, Geographic and Customer Information

12 Months Ended

Aug. 31, 2025

Segment Reporting [Abstract]

Business Segment, Geographic and Customer Information

Note 16.    Business Segment, Geographic and Customer 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 the years ended August 31, 2026, 2025, and 2024.

	Year Ended August 31,
	2026		2025		2024
Net Sales by Reportable Segment & Product Line
IT&S Segment
Product	$	520.3	$	479.0	$	455.6
Service & Rental	106.2		116.8		115.5
IT&S Segment	626.5		595.8		571.1
Other Segment	25.8		21.1		18.4
	652.3		616.9		589.5
Cost of Products Sold
IT&S Segment	318.3		295.3		278.6
Other Segment	12.7		9.7		9.0
Corporate	0.1		0.1		0.9
	331.1		305.1		288.5
Gross Profit
IT&S Segment	308.1		300.5		292.6
Other Segment	13.2		11.4		9.3
Corporate	(0.1)		(0.1)		(0.9)
	321.2		311.8		301.0
Selling, General and Administrative Expenses
IT&S Segment	135.2		128.7		129.4
Other Segment	5.9		5.4		5.0
General Corporate	41.3		32.7		34.2
	182.4		166.8		168.6
Amortization of Intangible Assets
IT&S Segment	6.1		5.4		3.3
Other Segment	—		—		—
General Corporate	0.2		0.2		—
	6.3		5.6		3.3
Restructuring Charges
IT&S Segment	3.3		2.5		6.8
Other Segment	—		—		—
General Corporate	—		3.4		0.6
	3.3		5.9		7.4

	Year Ended August 31,
	2026		2025		2024
Impairment & Divestiture Charges
Other Segment	—		—		0.1
	—		—		0.1
Operating Profit (Loss)
IT&S Segment	163.5		163.9		153.1
Other Segment	7.3		6.0		4.2
Corporate	(41.6)		(36.4)		(35.7)
	129.2		133.5		121.6
Operating Profit %
IT&S Segment	26.1%		27.5%		26.8%
Other Segment	28.3%		28.4%		22.8%
Capital Expenditures:
IT&S Segment	8.1		8.9		6.1
Other Segment	0.4		0.4		0.6
General Corporate	2.1		10.0		4.7
	$	10.6	$	19.3	$	11.4

	August 31,
	2026		2025
Assets:
IT&S Segment	$	691.7	$	672.1
Other Segment	23.8		25.3
Corporate	143.1		130.5
	$	858.6	$	827.9

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, ROU assets, capitalized debt issuance costs and deferred income taxes.

The following tables summarize net sales and property, plant and equipment by geographic region (in millions):

	Year Ended August 31,
	2026		2025		2024
Net Sales:
United States of America	$	258.5	$	229.0	$	220.7
Germany	33.6		29.5		34.7
United Kingdom	27.7		36.9		36.3
Brazil	27.1		25.2		22.8
Canada	25.6		25.0		19.2
Australia	25.2		23.4		22.2
Saudi Arabia	23.0		26.7		23.1
France	19.3		15.4		16.1
China	17.0		17.7		16.3
All Other	195.3		188.1		178.1
	$	652.3	$	616.9	$	589.5

	August 31,
	2026		2025
Property, Plant and Equipment, net:
United States of America	$	26.8	$	26.1
United Kingdom	7.4		8.7
Spain	4.8		5.0
UAE	3.1		3.3
Brazil	3.1		3.0
Netherlands	4.3		2.9
All other	4.9		4.3
	$	54.4	$	53.3

The Company’s largest customer accounted for approximately 3% of sales in each of the last three fiscal years. Export sales from domestic operations were 4.4%, 7.3% and 7.9% of total net sales from continuing operations in fiscal 2026, 2025 and 2024, respectively.