| Segments Internal Financial Reports |
The information in the following tables is derived directly from the segments’ internal financial reports used for corporate management purposes, which includes the significant expense categories that are regularly reviewed by the CODM. For the three months ended May 31, 2026:
|
|
|
|
|
|
|
|
|
|
|
|
|
(in millions) |
|
Manufacturing |
|
|
Leasing & Fleet Management |
|
|
Total |
|
Revenue |
|
|
|
|
|
|
|
|
|
Revenue from external customers |
|
$ |
529.1 |
|
|
$ |
47.4 |
|
|
$ |
576.5 |
|
Intersegment revenue |
|
|
10.4 |
|
|
|
0.1 |
|
|
|
10.5 |
|
|
|
|
539.5 |
|
|
|
47.5 |
|
|
|
587.0 |
|
Elimination of intersegment revenues |
|
|
|
|
|
|
|
|
(10.5 |
) |
Total consolidated revenues |
|
|
|
|
|
|
|
|
576.5 |
|
Cost of revenue |
|
|
|
|
|
|
|
|
|
Cost of revenue from external customers |
|
|
476.6 |
|
|
|
18.8 |
|
|
|
495.4 |
|
Intersegment cost of revenue |
|
|
10.4 |
|
|
|
0.1 |
|
|
|
10.5 |
|
|
|
|
487.0 |
|
|
|
18.9 |
|
|
|
505.9 |
|
Margin |
|
|
52.5 |
|
|
|
28.6 |
|
|
|
81.1 |
|
Selling and administrative |
|
|
22.4 |
|
|
|
5.1 |
|
|
|
|
Net gain on disposition of equipment |
|
|
(0.3 |
) |
|
|
(5.7 |
) |
|
|
|
Segment earnings from operations |
|
$ |
30.4 |
|
|
$ |
29.2 |
|
|
$ |
59.6 |
|
For the nine months ended May 31, 2026:
|
|
|
|
|
|
|
|
|
|
|
|
|
(in millions) |
|
Manufacturing |
|
|
Leasing & Fleet Management |
|
|
Total |
|
Revenue |
|
|
|
|
|
|
|
|
|
Revenue from external customers |
|
$ |
1,727.6 |
|
|
$ |
142.5 |
|
|
$ |
1,870.1 |
|
Intersegment revenue |
|
|
30.6 |
|
|
|
0.2 |
|
|
|
30.8 |
|
|
|
|
1,758.2 |
|
|
|
142.7 |
|
|
|
1,900.9 |
|
Elimination of intersegment revenues |
|
|
|
|
|
|
|
|
(30.8 |
) |
Total consolidated revenues |
|
|
|
|
|
|
|
|
1,870.1 |
|
Cost of revenue |
|
|
|
|
|
|
|
|
|
Cost of revenue from external customers |
|
|
1,561.9 |
|
|
|
54.3 |
|
|
|
1,616.2 |
|
Intersegment cost of revenue |
|
|
30.6 |
|
|
|
0.2 |
|
|
|
30.8 |
|
|
|
|
1,592.5 |
|
|
|
54.5 |
|
|
|
1,647.0 |
|
Margin |
|
|
165.7 |
|
|
|
88.2 |
|
|
|
253.9 |
|
Selling and administrative |
|
|
66.4 |
|
|
|
15.8 |
|
|
|
|
Net gain on disposition of equipment |
|
|
(0.4 |
) |
|
|
(36.3 |
) |
|
|
|
Segment earnings from operations |
|
$ |
99.7 |
|
|
$ |
108.7 |
|
|
$ |
208.4 |
|
For the three months ended May 31, 2025:
|
|
|
|
|
|
|
|
|
|
|
|
|
(in millions) |
|
Manufacturing |
|
|
Leasing & Fleet Management |
|
|
Total |
|
Revenue |
|
|
|
|
|
|
|
|
|
Revenue from external customers |
|
$ |
793.4 |
|
|
$ |
49.3 |
|
|
$ |
842.7 |
|
Intersegment revenue |
|
|
15.2 |
|
|
|
— |
|
|
|
15.2 |
|
|
|
|
808.6 |
|
|
|
49.3 |
|
|
|
857.9 |
|
Elimination of intersegment revenues |
|
|
|
|
|
|
|
|
(15.2 |
) |
Total consolidated revenues |
|
|
|
|
|
|
|
|
842.7 |
|
Cost of revenue |
|
|
|
|
|
|
|
|
|
Cost of revenue from external customers |
|
|
672.6 |
|
|
|
18.6 |
|
|
|
691.2 |
|
Intersegment cost of revenue |
|
|
13.7 |
|
|
|
— |
|
|
|
13.7 |
|
|
|
|
686.3 |
|
|
|
18.6 |
|
|
|
704.9 |
|
Elimination of intersegment margin |
|
|
(1.5 |
) |
|
|
— |
|
|
|
(1.5 |
) |
Margin |
|
|
120.8 |
|
|
|
30.7 |
|
|
|
151.5 |
|
Selling and administrative |
|
|
22.7 |
|
|
|
6.5 |
|
|
|
|
Net gain on disposition of equipment |
|
|
(0.4 |
) |
|
|
(6.6 |
) |
|
|
|
Segment earnings from operations |
|
$ |
98.5 |
|
|
$ |
30.8 |
|
|
$ |
129.3 |
|
For the nine months ended May 31, 2025:
|
|
|
|
|
|
|
|
|
|
|
|
|
(in millions) |
|
Manufacturing |
|
|
Leasing & Fleet Management |
|
|
Total |
|
Revenue |
|
|
|
|
|
|
|
|
|
Revenue from external customers |
|
$ |
2,337.2 |
|
|
$ |
143.5 |
|
|
$ |
2,480.7 |
|
Intersegment revenue |
|
|
71.3 |
|
|
|
0.4 |
|
|
|
71.7 |
|
|
|
|
2,408.5 |
|
|
|
143.9 |
|
|
|
2,552.4 |
|
Elimination of intersegment revenues |
|
|
|
|
|
|
|
|
(71.7 |
) |
Total consolidated revenues |
|
|
|
|
|
|
|
|
2,480.7 |
|
Cost of revenue |
|
|
|
|
|
|
|
|
|
Cost of revenue from external customers |
|
|
1,964.2 |
|
|
|
52.8 |
|
|
|
2,017.0 |
|
Intersegment cost of revenue |
|
|
60.1 |
|
|
|
0.4 |
|
|
|
60.5 |
|
|
|
|
2,024.3 |
|
|
|
53.2 |
|
|
|
2,077.5 |
|
Elimination of intersegment margin |
|
|
(11.2 |
) |
|
|
— |
|
|
|
(11.2 |
) |
Margin |
|
|
373.0 |
|
|
|
90.7 |
|
|
|
463.7 |
|
Selling and administrative |
|
|
72.7 |
|
|
|
19.6 |
|
|
|
|
Net gain on disposition of equipment |
|
|
(0.6 |
) |
|
|
(16.2 |
) |
|
|
|
Segment earnings from operations |
|
$ |
300.9 |
|
|
$ |
87.3 |
|
|
$ |
388.2 |
|
The following tables present selected financial information by segment.
|
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|
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|
|
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|
|
|
|
Total assets |
|
(in millions) |
|
May 31,
2026 |
|
|
August 31,
2025 |
|
Manufacturing |
|
$ |
1,948.3 |
|
|
$ |
2,085.9 |
|
Leasing & Fleet Management |
|
|
2,015.7 |
|
|
|
1,858.4 |
|
Unallocated, including cash |
|
|
384.2 |
|
|
|
416.3 |
|
|
|
$ |
4,348.2 |
|
|
$ |
4,360.6 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended
May 31, |
|
|
Nine months ended
May 31, |
|
(in millions) |
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
Depreciation and amortization: |
|
|
|
|
|
|
|
|
|
|
|
|
Manufacturing |
|
$ |
21.5 |
|
|
$ |
19.0 |
|
|
$ |
63.7 |
|
|
$ |
57.1 |
|
Leasing & Fleet Management |
|
|
10.6 |
|
|
|
10.7 |
|
|
|
32.4 |
|
|
|
32.2 |
|
|
|
$ |
32.1 |
|
|
$ |
29.7 |
|
|
$ |
96.1 |
|
|
$ |
89.3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Capital expenditures: |
|
|
|
|
|
|
|
|
|
|
|
|
Manufacturing |
|
$ |
50.6 |
|
|
$ |
20.0 |
|
|
$ |
88.5 |
|
|
$ |
107.9 |
|
Leasing & Fleet Management |
|
|
9.0 |
|
|
|
62.7 |
|
|
|
58.7 |
|
|
|
101.2 |
|
|
|
$ |
59.6 |
|
|
$ |
82.7 |
|
|
$ |
147.2 |
|
|
$ |
209.1 |
|
|