v3.25.2
Segment Data - Financial Information for Reportable Segments (Detail) - USD ($)
$ in Thousands
 12 Months Ended
May 31, 2025
May 31, 2024
May 31, 2023
Segment Reporting Information [Line Items]      
Net sales $ 1,153,762 $ 1,245,703 $ 1,418,496
Cost of goods sold 834,727 960,684 1,094,908
SG&A 268,413 283,471 287,118
Impairment of goodwill and long-lived assets 50,813 32,975 [1] 484
Restructuring and other expense, net [2] 10,524    
Restructuring and other expense (income), net 10,524 29,327 [3] (367)
Separation costs   12,705 6,534
Other segment items 5,312 [4] 20,250 [5] 22,795 [6]
Equity in net income of unconsolidated affiliates 144,836 167,716 153,262
Earnings (loss) before income taxes from continuing operations 128,809 74,007 160,286
Reconciling items to Adjusted EBITDA from continuing operations      
Depreciation and amortization 48,262 48,663 45,975
Interest expense 2,090 1,587 18,298
Stock-based compensation 13,521 13,155 14,566
Corporate costs eliminated at Separation   19,343 41,479
Impairment of long-lived assets 50,813 [7]   484
Non-cash charges in miscellaneous income 5,000 [8] 19,180 [9] 4,774 [10]
Non-recurring (gain) loss in equity income 3,387 [11] (1,740) [12] 13,996 [13]
Loss on extinguishment of debt   1,534  
Net loss attributable to noncontrolling interest [14] 1,083 263 0
Adjusted EBITDA from continuing operations 263,489 250,999 306,025
Total assets 1,695,152 1,638,637  
Total Reportable Segments      
Segment Reporting Information [Line Items]      
Net sales 1,153,762 1,114,232 1,272,378
Cost of goods sold 834,621 832,380 960,523
SG&A 230,864 220,969 223,475
Impairment of goodwill and long-lived assets 50,813 772 [1] 484
Restructuring and other expense, net [2] 1,500    
Restructuring and other expense (income), net   (1,286) [3] 810
Other segment items (753) [4] (10) [5] (144) [6]
Equity in net income of unconsolidated affiliates 150,895 163,126 166,427
Earnings (loss) before income taxes from continuing operations 187,612 224,533 253,657
Reconciling items to Adjusted EBITDA from continuing operations      
Depreciation and amortization 47,488 40,317 38,337
Interest expense (78)    
Stock-based compensation 5,612 4,790 5,369
Corporate costs eliminated at Separation   9,357 20,910
Impairment of long-lived assets 50,813 [7]   484
Non-recurring (gain) loss in equity income [12]   980  
Net loss attributable to noncontrolling interest 1,083 263  
Adjusted EBITDA from continuing operations 294,030 279,726 319,567
Total assets 1,327,024 1,230,549  
Total Reportable Segments | Consumer Products      
Segment Reporting Information [Line Items]      
Net sales 499,625 495,259 555,309
Cost of goods sold 323,659 335,069 373,094
SG&A 114,681 113,960 113,267
Impairment of goodwill and long-lived assets 50,050    
Restructuring and other expense (income), net   (2,000) [3] 213
Other segment items 27 [4] 78 [5] 181 [6]
Earnings (loss) before income taxes from continuing operations 11,208 48,152 68,554
Reconciling items to Adjusted EBITDA from continuing operations      
Depreciation and amortization 17,418 16,512 16,210
Stock-based compensation 2,917 1,964 1,949
Corporate costs eliminated at Separation   4,707 10,444
Impairment of long-lived assets [7] 50,050    
Net loss attributable to noncontrolling interest 1,083 263  
Adjusted EBITDA from continuing operations 82,676 69,598 97,370
Total assets 531,187 557,826  
Total Reportable Segments | Building Products      
Segment Reporting Information [Line Items]      
Net sales 654,137 618,973 717,069
Cost of goods sold 510,962 497,311 587,429
SG&A 116,183 107,009 110,208
Impairment of goodwill and long-lived assets 763 772 [1] 484
Restructuring and other expense, net [2] 1,500    
Restructuring and other expense (income), net   714 [3] 597
Other segment items (780) [4] (88) [5] (325) [6]
Equity in net income of unconsolidated affiliates 150,895 163,126 166,427
Earnings (loss) before income taxes from continuing operations 176,404 176,381 185,103
Reconciling items to Adjusted EBITDA from continuing operations      
Depreciation and amortization 30,070 23,805 22,127
Interest expense (78)    
Stock-based compensation 2,695 2,826 3,420
Corporate costs eliminated at Separation   4,650 10,466
Impairment of long-lived assets 763 [7]   484
Non-recurring (gain) loss in equity income [12]   980  
Adjusted EBITDA from continuing operations 211,354 210,128 222,197
Total assets 795,837 672,723  
Other      
Segment Reporting Information [Line Items]      
Net sales   131,471 146,118
Cost of goods sold   129,061 130,095
SG&A   16,259 15,304
Impairment of goodwill and long-lived assets [1]   32,203  
Restructuring and other expense (income), net [3]   30,613  
Other segment items 5,000 [4] 17,799 [5] 5,715 [6]
Equity in net income of unconsolidated affiliates (6,059) 4,590 (13,165)
Earnings (loss) before income taxes from continuing operations (11,059) (89,874) (18,161)
Reconciling items to Adjusted EBITDA from continuing operations      
Depreciation and amortization   7,283 6,319
Interest expense     1,140
Non-cash charges in miscellaneous income 5,000 [8] 19,180 [9] 4,774 [10]
Non-recurring (gain) loss in equity income 3,387 [11] (2,720) [12]  
Adjusted EBITDA from continuing operations (2,672) (3,315) (5,928)
Total assets 38,002 43,008  
Unallocated Corporate      
Segment Reporting Information [Line Items]      
Cost of goods sold 106 (757) 4,290
SG&A 37,549 46,243 48,339
Restructuring and other expense, net [2] 9,024    
Restructuring and other expense (income), net     (1,177)
Separation costs   12,705 6,534
Other segment items 1,065 [4] 2,461 [5] 17,224 [6]
Earnings (loss) before income taxes from continuing operations (47,744) (60,652) (75,210)
Reconciling items to Adjusted EBITDA from continuing operations      
Depreciation and amortization 774 1,063 1,319
Interest expense 2,168 1,587 17,158
Stock-based compensation 7,909 8,365 9,197
Corporate costs eliminated at Separation   9,986 20,569
Non-recurring (gain) loss in equity income [13]     13,996
Loss on extinguishment of debt   1,534  
Adjusted EBITDA from continuing operations (27,869) (25,412) $ (7,614)
Total assets $ 330,126 $ 365,080  
[1] Significant pre-tax impairment charges include $32,203 in the fourth quarter of fiscal 2024 due to the deconsolidation of our former SES operating segment.
[2] Significant pre-tax restructuring charges include $4,536 in fiscal 2025 related to an increase in the fair value of the contingent liability associated with the Ragasco earnout arrangement.
[3] Significant pre-tax restructuring charges include a loss of $30,502 in the fourth quarter of fiscal 2024 due to the deconsolidation of our former Sustainable Energy Solutions operating segment during the fourth quarter of fiscal 2024.
[4] Other segment items consist of non-operating activity included in adjusted EBITDA, which is our measure of segment profit.
[5] Other segment items consist of non-operating activity included in adjusted EBITDA, which is our measure of segment profit.
[6] Other segment items consist of non-operating activity included in adjusted EBITDA, which is our measure of segment profit.
[7] Significant pre-tax impairment charges include $50,050 in the fourth quarter of fiscal 2025 related to the write-down of intangible assets associated with GTI.
[8] Reflects a pre-tax charge of $5,000 during the fourth quarter of fiscal 2025 to write down an investment that was determined to be other than temporarily impaired.
[9] Reflects the following non-cash charges in miscellaneous expense:
•
A pre-tax charge of $11,077 during the fourth quarter of fiscal 2024 to write down an investment that was determined to be other than temporarily impaired.
A pre-tax charge of $8,010 during the fourth quarter of fiscal 2024 related to the completion of a pension lift-out transaction.
[10] Reflects a pre-tax charge of $4,774 during the fourth quarter of fiscal 2023 related to a pension lift-out transaction.
[11] Reflects a non-cash impairment charge of $3,387 at the Sustainable Energy Solutions joint venture during the fourth quarter of fiscal 2025.
[12] Includes a net gain of $2,780 associated with the divestiture of the Brazilian operations of Workhorse during the fourth quarter of fiscal 2024 and the settlement of certain participant balances within the pension plan maintained by WAVE.
[13] Reflects the following activity within equity income:
•
A pre-tax loss of $16,059 related to the sale of our 50% noncontrolling equity investment in ArtiFlex.
•
A net gain of $2,063 related to a sale-leaseback transaction during the fourth quarter of fiscal 2023.
[14] Net earnings attributable to noncontrolling interests are not taxable to us.