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Revenue (Tables)
12 Months Ended
Aug. 31, 2024
Revenue from Contract with Customer [Abstract]  
Summary of Revenues Disaggregated by Major Product and Sales Destination

The table below illustrates the Company’s revenues disaggregated by major product and sales destination (in thousands):

 

 

Year Ended August 31,

 

 

 

2024

 

 

2023

 

 

2022

 

Major product information:

 

 

 

 

 

 

 

 

 

Ferrous revenues

 

$

1,388,543

 

 

$

1,439,983

 

 

$

1,914,255

 

Nonferrous revenues

 

 

738,843

 

 

 

781,102

 

 

 

892,444

 

Steel revenues(1)

 

 

439,762

 

 

 

507,550

 

 

 

531,731

 

Retail and other revenues

 

 

171,544

 

 

 

153,589

 

 

 

147,385

 

Total revenues

 

$

2,738,692

 

 

$

2,882,224

 

 

$

3,485,815

 

Revenues based on sales destination:

 

 

 

 

 

 

 

 

 

Foreign

 

$

1,464,999

 

 

$

1,508,019

 

 

$

1,925,235

 

Domestic

 

 

1,273,693

 

 

 

1,374,205

 

 

 

1,560,580

 

Total revenues

 

$

2,738,692

 

 

$

2,882,224

 

 

$

3,485,815

 

 

 

(1)
Steel revenues include predominantly sales of finished steel products, in addition to sales of semi-finished goods (billets) and steel manufacturing scrap.
Summary of Foreign Countries which Sales Exceeded 10% of Consolidated Revenues The schedule below identifies those foreign countries to which the Company’s sales exceeded 10% of consolidated revenues in any of the last three years ended August 31 (in thousands):

 

 

 

2024

 

 

% of
Revenue

 

 

2023

 

% of
Revenue

 

2022

 

 

% of
Revenue

 

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Bangladesh

 

$

410,531

 

 

 

15

 %

 

N/A

 

N/A

 

$

446,385

 

 

 

13

 %

Turkey

 

$

335,581

 

 

 

12

 %

 

N/A

 

N/A

 

N/A

 

 

N/A

 

 

N/A = Sales were less than the 10% threshold.