v3.26.1
Segment Information
 6 Months Ended
Feb. 28, 2026
Segment Reporting [Abstract]  
Segment Information
Note 11. Segment Information
The Company is a global manufacturer of a broad range of industrial products and solutions. The IT&S reportable segment is primarily engaged in the design, manufacture, and distribution of branded hydraulic and mechanical tools and in providing services and tool rental to the general industrial; refining and petrochemical; industrial MRO; machining & manufacturing; power generation; infrastructure; mining; and other markets. The Other segment is included for purposes of reconciliation of the respective balances below to the condensed consolidated financial statements.
The Company’s Chief Executive Officer is the Chief Operating Decision Maker (CODM). The CODM allocates resources and makes operating decisions based on the financial information presented by the Company’s segments. The measures regularly reviewed by our CODM include segment sales, segment operating profit and segment operating profit margin. Our CODM uses these financial measures, to evaluate and allocate capital and company resources as critical determinants of segment performance. In addition, these metrics are used to monitor forecasted to actual and budgeted results to benchmark to our peers. The following table includes segment sales, significant expense items and segment operating profit as viewed by the CODM for three and six months ended February 28, 2026 and 2025 (in thousands):
 Three Months Ended February 28,Six Months Ended February 28,
 2026202520262025
Net Sales by Reportable Segment & Product Line
IT&S Segment
Product$125,313 $113,880 $237,425 $219,966 
Service & Rental23,372 26,836 49,023 60,884 
148,685 140,716 286,448 280,850 
Other Segment6,122 4,812 12,567 9,874 
Consolidated Total
$154,807 $145,528 $299,015 $290,724 
Cost of Products Sold
IT&S Segment$79,934 $69,212 $147,886 $136,880 
Other Segment3,046 2,376 6,071 4,666 
Corporate12 509 61 1,095 
Consolidated Total$82,992 $72,097 $154,018 $142,641 
Gross Profit
IT&S Segment$68,751 $71,505 $138,561 $143,970 
Other Segment3,076 2,436 6,497 5,208 
Corporate(12)(510)(61)(1,095)
Consolidated Total$71,815 $73,431 $144,997 $148,083 
Selling, General and Administrative Expenses
IT&S Segment$32,516 $31,626 $65,027 $64,917 
Other Segment1,481 1,135 2,688 2,588 
Corporate8,045 8,662 17,422 16,236 
Consolidated Total$42,042 $41,423 $85,137 $83,741 
Amortization of Intangible Assets
IT&S Segment$1,432 $1,143 $2,991 $2,325 
Other Segment$— $— $— $— 
Corporate38 45 76 65 
Consolidated Total$1,470 $1,188 $3,067 $2,390 
Restructuring Charges
IT&S Segment$3,283 $— $3,283 $— 
Consolidated Total$3,283 $— $3,283 $— 
 Three Months Ended February 28,Six Months Ended February 28,
 2026202520262025
Operating Profit (Loss)
IT&S Segment$31,520 $38,736 $67,260 $76,728 
Other Segment1,595 1,301 3,809 2,620 
Corporate(8,095)(9,217)(17,559)(17,396)
Consolidated Total$25,020 $30,820 $53,510 $61,952 
Operating Profit %
IT&S Segment21.2 %27.1 %23.5 %27.3 %
Other Segment26.1 %26.1 %30.3 %26.5 %
Capital Expenditures:
IT&S Segment$2,430 $2,432 $4,704 $4,337 
Other Segment— 157 34 279 
Corporate627 3,071 996 6,901 
Consolidated Total$3,057 $5,660 $5,734 $11,517 
February 28, 2026August 31, 2025
Assets
IT&S Segment$693,481 $672,123 
Other Segment26,051 25,294 
Corporate75,963 130,450 
Consolidated Total$795,495 $827,867 
In addition to the impact of changes in foreign currency exchange rates, the comparability of segment and product line information is impacted by acquisition/divestiture activities, impairment and divestiture charges, restructuring costs and related benefits. Corporate assets, which are not allocated, principally represent cash and cash equivalents, property, plant and equipment, Right of Use ("ROU") assets, capitalized debt issuance costs and deferred income taxes.