XML 62 R49.htm IDEA: XBRL DOCUMENT v3.25.2
Operating Segments (Details) - USD ($)
$ in Thousands
3 Months Ended
May 31, 2025
May 31, 2024
Feb. 28, 2025
Operations and assets by segment      
Sales $ 421,962 $ 413,208  
Cost of sales 317,832 310,538  
Gross margin 104,130 102,670  
Selling, general and administrative 34,581 32,921  
Operating income (loss) 69,549 69,749  
Interest expense, net (18,563) (22,774)  
Equity in earnings of unconsolidated subsidiaries 173,523 3,824  
Other income (expense) 1,327 204  
Income (loss) before income tax 225,836 51,003  
Income taxes 54,928 11,401  
Net income 170,908 39,602  
Depreciation 21,827 20,323  
Assets: 2,159,185   $ 2,227,101
Property, plant and equipment, net 597,892   592,941
Restructuring charges 3,744 0  
Stock-based compensation 2,200    
AIS Joint Venture      
Operations and assets by segment      
Equity in earnings of unconsolidated subsidiaries 7,700    
Equity Method Investment, Aggregate Cost (107,400)    
United States      
Operations and assets by segment      
Sales 410,995 403,051  
Property, plant and equipment, net 578,505   574,332
Canada      
Operations and assets by segment      
Sales 10,967 10,157  
Property, plant and equipment, net 19,387   18,609
Operating Segments      
Operations and assets by segment      
Stock-based compensation 2,200    
Segment Reporting, Reconciling Item, Corporate Nonsegment [Member]      
Operations and assets by segment      
Sales 0 0  
Cost of sales 0 0  
Gross margin 0 0  
Selling, general and administrative 20,457 18,248  
Operating income (loss) (20,457) (18,248)  
Interest expense, net (18,563) (22,774)  
Equity in earnings of unconsolidated subsidiaries 0 0  
Other income (expense) 1,388 148  
Income (loss) before income tax (37,632) (40,874)  
Income taxes 54,928 11,401  
Net income (92,560) (52,275)  
Depreciation 6,044 6,073  
Assets: 22,974   24,250
Stock-based compensation 1,800    
Metal Coatings | Operating Segments      
Operations and assets by segment      
Sales 187,215 176,651  
Cost of sales 130,356 122,735  
Gross margin 56,859 53,916  
Selling, general and administrative 6,127 5,984  
Operating income (loss) 50,732 47,932  
Interest expense, net 0 0  
Equity in earnings of unconsolidated subsidiaries 0 0  
Other income (expense) (61) 56  
Income (loss) before income tax 50,671 47,988  
Depreciation 6,660 6,657  
Assets: 569,103   555,095
Restructuring charges 3,800    
Stock-based compensation 400    
Precoat Metals | Operating Segments      
Operations and assets by segment      
Sales 234,747 236,557  
Cost of sales 187,476 187,803  
Gross margin 47,271 48,754  
Selling, general and administrative 7,917 8,660  
Operating income (loss) 39,354 40,094  
Interest expense, net 0 0  
Equity in earnings of unconsolidated subsidiaries 0 0  
Other income (expense) 0 0  
Income (loss) before income tax 39,354 40,094  
Depreciation 9,123 7,593  
Assets: 1,567,108   1,548,377
Infrastructure Solutions [Member] | Operating Segments      
Operations and assets by segment      
Sales 0 0  
Cost of sales 0 0  
Gross margin 0 0  
Selling, general and administrative 80 29  
Operating income (loss) (80) (29)  
Interest expense, net 0 0  
Equity in earnings of unconsolidated subsidiaries 173,523 3,824  
Other income (expense) 0 0  
Income (loss) before income tax 173,443 3,795  
Depreciation 0 $ 0  
Assets: $ 0   $ 99,379