v3.26.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
12 Months Ended
May 31, 2026
May 31, 2025
May 31, 2024
Sales:      
Sales $ 3,308.0 $ 2,780.5 $ 2,318.9
Costs and operating expenses:      
Cost of sales 2,686.0 2,252.8 1,876.6
Gross profit 622.0 527.7 442.3
Provision for credit losses 2.1 0.2 0.7
Selling, general and administrative 349.3 347.7 312.2
Earnings (Loss) from joint ventures 7.2 5.4 (0.2)
Operating income 277.8 185.2 129.2
Bargain purchase gain 29.5    
Gain on sale of headquarters building 9.8    
Pension settlement charge     (26.7)
Gain (Loss) related to sale and exit of businesses 1.4 (72.4) (2.8)
Other expense, net (2.1) (0.3) (0.4)
Interest expense (72.1) (75.4) (43.2)
Interest income 1.6 1.8 2.2
Income (loss) before income tax expense 245.9 38.9 58.3
Income tax expense 58.2 26.4 12.0
Net income $ 187.7 $ 12.5 $ 46.3
Earnings per share      
Earnings per share - basic (in dollars per share) $ 4.88 $ 0.35 $ 1.3
Earnings per share - diluted (in dollars per share) $ 4.86 $ 0.35 $ 1.29
Shares used for earnings per share:      
Weighted average shares outstanding - basic (in shares) 38.3 35.6 35.1
Weighted average shares outstanding - diluted (in shares) 38.4 35.8 35.4
Products      
Sales:      
Sales $ 2,138.4 $ 1,712.3 $ 1,387.1
Costs and operating expenses:      
Cost of sales 1,742.2 1,388.9 1,096.7
Services      
Sales:      
Sales 1,169.6 1,068.2 931.8
Costs and operating expenses:      
Cost of sales $ 943.8 $ 863.9 $ 779.9