v3.26.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Aug. 31, 2026
Aug. 31, 2025
Cash flows provided by (used in) operating activities:    
Net income $ 40.1 $ 34.4
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 18.8 13.8
Amortization of financing costs 0.8 0.7
Stock-based compensation expense 7.8 5.3
Earnings from joint ventures (2.8) (3.0)
Gain related to sale and exit of business   (1.0)
Changes in certain assets and liabilities:    
Accounts receivable (50.5) (8.5)
Contract assets 13.3 (6.4)
Inventories (41.1) (51.8)
Prepaid expenses and other current assets (15.4) 3.5
Rotable assets 27.5 (3.5)
Accounts payable 42.1 10.0
Accrued and other liabilities (1.3) (26.7)
Other 16.5 (11.7)
Net cash provided by (used in) operating activities 55.8 (44.9)
Cash flows used in investing activities:    
Property, plant, and equipment expenditures (11.8) (8.7)
Acquisitions, net of cash acquired (6.2) (11.9)
Hangar expansion activity, net (0.5) (4.2)
Investment (7.5)  
Other 0.4 1.0
Net cash used in investing activities (25.6) (23.8)
Cash flows provided by (used in) financing activities:    
Short-term borrowings (repayments), net (15.0) (97.0)
Proceeds from long-term borrowings   153.0
Financing costs   (2.5)
Stock compensation activity (9.9) (2.4)
Net cash provided by (used in) financing activities (24.9) 51.1
Increase (Decrease) in cash, cash equivalents, and restricted cash 5.3 (17.6)
Cash, cash equivalents, and restricted cash at beginning of period 107.8 109.2
Cash, cash equivalents, and restricted cash at end of period $ 113.1 $ 91.6