v3.26.1
Revenue Recognition (Tables)
9 Months Ended
May 31, 2026
Revenue from Contract with Customer [Abstract]  
Summary of Revenue Disaggregated by Categories

The following table presents the Company's revenue disaggregated by category:

 

 

Three months ended
May 31,

 

 

Nine months ended
May 31,

 

(in millions)

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Manufacturing:

 

 

 

 

 

 

 

 

 

 

 

 

Railcar sales

 

$

431.7

 

 

$

694.3

 

 

$

1,454.9

 

 

$

2,045.2

 

Railcar maintenance

 

 

97.4

 

 

 

99.1

 

 

 

272.7

 

 

 

292.0

 

 

 

 

529.1

 

 

 

793.4

 

 

 

1,727.6

 

 

 

2,337.2

 

Leasing & Fleet Management

 

 

47.4

 

 

 

49.3

 

 

 

142.5

 

 

 

143.5

 

 

 

$

576.5

 

 

$

842.7

 

 

$

1,870.1

 

 

$

2,480.7

 

Summary of Contract Balances

The contract balances are as follows:

(in millions)

 

Balance sheet classification

 

May 31,
2026

 

 

August 31,
2025

 

 

$
Change

 

Contract assets

 

Accounts receivable, net

 

$

5.0

 

 

$

5.9

 

 

$

(0.9

)

Contract assets

 

Inventories

 

$

7.8

 

 

$

9.4

 

 

$

(1.6

)

Contract liabilities (1)

 

Deferred revenue

 

$

22.7

 

 

$

40.1

 

 

$

(17.4

)

(1) Contract liabilities balance includes deferred revenue within the scope of Revenue from Contracts with Customers (Topic 606).

Summary of Estimated Revenue Related to Performance Obligations Wholly or Partially Unsatisfied The following table outlines estimated revenue related to performance obligations wholly or partially unsatisfied, that the Company anticipates will be recognized in future periods.

(in millions)

 

May 31,
2026

 

Manufacturing:

 

 

 

Railcar sales

 

$

1,010.1

 

Railcar maintenance

 

$

32.7

 

Leasing & Fleet Management:

 

 

 

Fleet management

 

$

143.9