XML 58 R46.htm IDEA: XBRL DOCUMENT v3.24.2
Operating segments (Details) - USD ($)
$ in Thousands
3 Months Ended
May 31, 2024
May 31, 2023
Feb. 29, 2024
Sep. 30, 2022
Operations and assets by segment        
Sales $ 413,208 $ 390,873    
Cost of sales 310,538 293,854    
Gross margin 102,670 97,019    
Selling, general and administrative 32,921 31,523    
Operating income (loss) 69,749 65,496    
Interest expense, net (22,774) (28,706)    
Equity in earnings of unconsolidated subsidiaries 3,824 1,420    
Other income 204 (38)    
Income (loss) before income tax 51,003 38,172    
Income taxes 11,401 9,650    
Net income from continuing operations 39,602 28,522    
Assets: 2,235,779   $ 2,195,505  
Property, plant and equipment, net $ 555,355   541,652  
AIS Joint Venture        
Operations and assets by segment        
Ownership percentage of investment 40.00%     40.00%
United States        
Operations and assets by segment        
Sales $ 403,051 381,322    
Property, plant and equipment, net 536,857   522,693  
Canada        
Operations and assets by segment        
Sales 10,157 9,551    
Property, plant and equipment, net 18,498   18,959  
Corporate        
Operations and assets by segment        
Sales 0 0    
Cost of sales 0 0    
Gross margin 0 0    
Selling, general and administrative 18,248 17,643    
Operating income (loss) (18,248) (17,643)    
Interest expense, net (22,774) (28,706)    
Equity in earnings of unconsolidated subsidiaries 0 0    
Other income 148 (14)    
Income (loss) before income tax (40,874) (46,363)    
Income taxes 11,401 9,650    
Net income from continuing operations (52,275) (56,013)    
Assets: 49,185   43,709  
Metal Coatings | Operating Segments        
Operations and assets by segment        
Sales 176,651 168,794    
Cost of sales 122,735 117,858    
Gross margin 53,916 50,936    
Selling, general and administrative 5,984 5,466    
Operating income (loss) 47,932 45,470    
Interest expense, net 0 0    
Equity in earnings of unconsolidated subsidiaries 0 0    
Other income 56 (24)    
Income (loss) before income tax 47,988 45,446    
Assets: 550,741   553,505  
Precoat Metals | Operating Segments        
Operations and assets by segment        
Sales 236,557 222,079    
Cost of sales 187,803 175,996    
Gross margin 48,754 46,083    
Selling, general and administrative 8,660 8,392    
Operating income (loss) 40,094 37,691    
Interest expense, net 0 0    
Equity in earnings of unconsolidated subsidiaries 0 0    
Other income 0 0    
Income (loss) before income tax 40,094 37,691    
Assets: 1,534,214   1,500,122  
Infrastructure Solutions | Operating Segments        
Operations and assets by segment        
Sales 0 0    
Cost of sales 0 0    
Gross margin 0 0    
Selling, general and administrative 29 22    
Operating income (loss) (29) (22)    
Interest expense, net 0 0    
Equity in earnings of unconsolidated subsidiaries 3,824 1,420    
Other income 0 0    
Income (loss) before income tax 3,795 $ 1,398    
Assets: $ 101,639   $ 98,169