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Business Segments (Tables)
12 Months Ended
Aug. 31, 2025
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment

 

 

 

August 31, 2025

($ in thousands)

 

Irrigation

 

Infrastructure

 

Consolidated

Operating revenues

 

$

568,000

(1)

$

108,368

 

$

676,368

Cost of operating revenues

 

 

402,126

 

 

63,462

 

 

465,588

Gross profit

 

 

165,874

 

 

44,906

 

 

210,780

Operating expenses

 

 

68,911

 

 

18,568

 

 

87,479

Segment operating income

 

$

96,963

 

$

26,338

 

$

123,301

Unallocated corporate expenses

 

 

 

 

 

 

 

 

35,177

Operating income

 

 

 

 

 

 

 

$

88,124

(1) includes domestic revenues of $273,839 and international revenues of $294,161

 

 

 

 

August 31, 2024

($ in thousands)

 

Irrigation

 

Infrastructure

 

Consolidated

Operating revenues

 

$

513,896

(1)

$

93,178

 

$

607,074

Cost of operating revenues

 

 

358,390

 

 

57,629

 

 

416,019

Gross profit

 

 

155,506

 

 

35,549

 

 

191,055

Operating expenses

 

 

67,959

 

 

16,554

 

 

84,513

Segment operating income

 

$

87,547

 

$

18,995

 

$

106,542

Unallocated corporate expenses

 

 

 

 

 

 

 

 

29,934

Operating income

 

 

 

 

 

 

 

$

76,608

(1) includes domestic revenues of $302,148 and international revenues of $211,748

 

 

 

 

August 31, 2023

($ in thousands)

 

Irrigation

 

Infrastructure

 

Consolidated

Operating revenues

 

$

586,031

(1)

$

88,053

 

$

674,084

Cost of operating revenues

 

 

401,427

 

 

59,642

 

 

461,069

Gross profit

 

 

184,604

 

 

28,411

 

 

213,015

Operating expenses

 

 

62,635

 

 

16,344

 

 

78,979

Segment operating income

 

$

121,969

 

$

12,067

 

$

134,036

Unallocated corporate expenses

 

 

 

 

 

 

 

 

31,852

Operating income

 

 

 

 

 

 

 

$

102,184

(1) includes domestic revenues of $309,538 and international revenues of $276,493

 

 

 

For the years ended August 31,

 

($ in thousands)

 

2025

 

 

2024

 

 

2023

 

Total capital expenditures:

 

 

 

 

 

 

 

 

 

Irrigation

 

$

38,026

 

 

$

24,720

 

 

$

13,043

 

Infrastructure

 

 

4,147

 

 

 

4,207

 

 

 

5,287

 

Corporate

 

 

323

 

 

 

52

 

 

 

445

 

 

 

$

42,496

 

 

$

28,979

 

 

$

18,775

 

Depreciation and amortization:

 

 

 

 

 

 

 

 

 

Irrigation

 

$

14,198

 

 

$

14,480

 

 

$

12,834

 

Infrastructure

 

 

4,417

 

 

 

4,396

 

 

 

4,023

 

Corporate

 

 

2,281

 

 

 

2,324

 

 

 

2,425

 

 

 

$

20,896

 

 

$

21,200

 

 

$

19,282

 

Schedule of Revenue and Long-Lived Assets by Geographical Areas

 

 

 

For the years ended August 31,

($ in thousands)

 

 

2025

 

 

2024

 

 

2023

 

 

 

Revenues

 

% of total

 

 

Revenues

 

% of total

 

 

Revenues

 

% of total

United States

 

$

350,229

 

52

 

$

338,429

 

56

 

$

347,238

 

52

International

 

 

326,139

 

48

 

 

268,645

 

44

 

 

326,846

 

48

Total revenues

 

$

676,368

 

100

 

$

607,074

 

100

 

$

674,084

 

100

 

 

 

For the years ended August 31,

 

($ in thousands)

 

2025

 

 

2024

 

 

2023

 

 

 

Long-lived
tangible
assets

 

 

% of total

 

 

Long-lived
tangible
assets

 

 

% of total

 

 

Long-lived
tangible
assets

 

 

% of total

 

United States

 

$

116,771

 

 

 

82

 

 

$

89,175

 

 

 

79

 

 

$

76,428

 

 

 

77

 

International

 

 

25,536

 

 

 

18

 

 

 

23,640

 

 

 

21

 

 

 

23,253

 

 

 

23

 

Total long-lived assets

 

$

142,307

 

 

 

100

 

 

$

112,815

 

 

 

100

 

 

$

99,681

 

 

 

100