EX-99.2

Exhibit 99.2

SUPPLEMENTAL SEGMENT INFORMATION

IN THOUSANDS

(Unaudited)


	Three Months Ended												Year Ended
	August 31,			November 30,			February 28,			May 31,			May 31,
	2025			2025			2026			2026			2026
Net Sales:
CPG Segment	$	851,997		$	706,304		$	518,531		$	865,203		$	2,942,035
PCG Segment		571,593			569,650			528,053			605,679			2,274,975
Consumer Segment		690,153			633,941			561,365			760,953			2,646,412

Total	$	2,113,743		$	1,909,895		$	1,607,949		$	2,231,835		$	7,863,422

Income Before Income Taxes:
CPG Segment
Income Before Income Taxes (a)	$	159,184		$	91,007		$	20,008		$	162,191		$	432,390
Interest (Expense), Net (b)		(1,623	)		(1,871	)		(1,516	)		(995	)		(6,005	)

EBIT (c)		160,807			92,878			21,524			163,186			438,395
MAP initiatives (d)		5,180			3,500			6,701			7,236			22,617
Inventory step-up costs (e)		—			—			—			102			102
(Gain) on sale of assets and businesses, net (f)		—			(400	)		—			—			(400	)

Adjusted EBIT		165,987			95,978			28,225			170,524			460,714
Depreciation (j)		15,431			16,132			15,643			17,615			64,821
Amortization (k)		2,526			2,548			2,598			2,700			10,372

Adjusted EBITDA (l)	$	183,944		$	114,658		$	46,466		$	190,839		$	535,907

PCG Segment
Income Before Income Taxes (a)	$	86,795		$	86,018		$	63,345		$	89,348		$	325,506
Interest Income, Net (b)		1,730			1,915			1,865			1,556			7,066

EBIT (c)		85,065			84,103			61,480			87,792			318,440
MAP initiatives (d)		4,937			2,022			6,921			2,571			16,451
Inventory step-up costs (e)		—			41			101			49			191
(Gain) on acquisition earn-out fair value adjustment (g)		—			—			—			(1,710	)		(1,710	)
Environmental expense for a closed facility (h)		—			—			—			1,000			1,000

Adjusted EBIT		90,002			86,166			68,502			89,702			334,372
Depreciation (j)		9,382			9,381			9,545			10,121			38,429
Amortization (k)		3,032			3,134			3,216			3,340			12,722

Adjusted EBITDA (l)	$	102,416		$	98,681		$	81,263		$	103,163		$	385,523

Consumer Segment
Income Before Income Taxes (a)	$	108,837		$	99,908		$	46,306		$	106,870		$	361,921
Interest (Expense), Net (b)		(272	)		(118	)		(83	)		(251	)		(724	)

EBIT (c)		109,109			100,026			46,389			107,121			362,645
MAP initiatives (d)		3,752			1,206			12,500			6,224			23,682
Inventory step-up costs (e)		7,117			786			—			—			7,903
(Gain) on acquisition earn-out fair value adjustments (g)		—			(12,707	)		—			—			(12,707	)
Property, plant and equipment impairment (i)		—			—			—			9,721			9,721

Adjusted EBIT		119,978			89,311			58,889			123,066			391,244
Depreciation (j)		13,203			13,432			13,943			14,336			54,914
Amortization (k)		5,787			5,896			6,001			5,948			23,632

Adjusted EBITDA (l)	$	138,968		$	108,639		$	78,833		$	143,350		$	469,790

Corporate/Other
(Loss) Before Income Taxes (a)	$	(56,769	)	$	(65,938	)	$	(60,352	)	$	(66,418	)	$	(249,477	)
Interest (Expense), Net (b)		(15,757	)		(17,905	)		(15,034	)		(16,296	)		(64,992	)

EBIT (c)		(41,012	)		(48,033	)		(45,318	)		(50,122	)		(184,485	)
MAP initiatives (d)		2,837			3,210			6,102			5,430			17,579

Adjusted EBIT		(38,175	)		(44,823	)		(39,216	)		(44,692	)		(166,906	)
Depreciation (j)		772			741			767			808			3,088
Amortization (k)		123			124			66			38			351

Adjusted EBITDA (l)	$	(37,280	)	$	(43,958	)	$	(38,383	)	$	(43,846	)	$	(163,467	)

TOTAL CONSOLIDATED
Income Before Income Taxes (a)	$	298,047		$	210,995		$	69,307		$	291,991		$	870,340
Interest (Expense)		(29,326	)		(28,005	)		(26,947	)		(27,266	)		(111,544	)
Investment Income, Net		13,404			10,026			12,179			11,280			46,889

EBIT (c)		313,969			228,974			84,075			307,977			934,995
MAP initiatives (d)		16,706			9,938			32,224			21,461			80,329
Inventory step-up costs (e)		7,117			827			101			151			8,196
(Gain) on sale of assets and businesses, net (f)		—			(400	)		—			—			(400	)
(Gain) on acquisition earn-out fair value adjustments (g)		—			(12,707	)		—			(1,710	)		(14,417	)
Environmental expense for a closed facility (h)		—			—			—			1,000			1,000
Property, plant and equipment impairment (i)		—			—			—			9,721			9,721

Adjusted EBIT		337,792			226,632			116,400			338,600			1,019,424
Depreciation (j)		38,788			39,686			39,898			42,880			161,252
Amortization (k)		11,468			11,702			11,881			12,026			47,077

Adjusted EBITDA (l)	$	388,048		$	278,020		$	168,179		$	393,506		$	1,227,753

(a)	The presentation includes a reconciliation of Income (Loss) Before Income Taxes, a measure defined by Generally Accepted Accounting Principles in the United States (GAAP), to EBIT, Adjusted EBIT and Adjusted EBITDA.

(b)	Interest Income (Expense), Net includes the combination of Interest Income (Expense) and Investment Income (Expense), Net.

(c)

EBIT is defined as earnings (loss) before interest and taxes, with Adjusted EBIT provided for the purpose of adjusting for items impacting earnings that are not considered by management to be indicative of ongoing operations. We evaluate the profit performance of our segments based on income before income taxes, but also look to EBIT, or adjusted EBIT, as a performance evaluation measure because Interest Income (Expense), Net is essentially related to corporate functions, as opposed to segment operations. For that reason, we believe EBIT is also useful to investors as a metric in their investment decisions. EBIT should not be considered an alternative to, or more meaningful than, income before income taxes as determined in accordance with GAAP, since EBIT omits the impact of interest and investment income or expense in determining operating performance, which represent items necessary to our continued operations, given our level of indebtedness. Nonetheless, EBIT is a key measure expected by and useful to our fixed income investors, rating agencies and the banking community all of whom believe, and we concur, that this measure is critical to the capital markets’ analysis of our segments’ core operating performance. We also evaluate EBIT because it is clear that movements in EBIT impact our ability to attract financing. EBIT may not be indicative of our historical operating results, nor is it meant to be predictive of potential future results.

(d)	Reflects restructuring and other charges, which have been incurred in relation to our Margin Achievement Plan (“MAP 2025”) and our 2026 restructuring action, together MAP Initiatives, as follows:

- MAP 2025 Restructuring and other related expense, net: Includes charges incurred related to headcount reductions and facility closures recorded in “Restructuring Expense” on the Consolidated Statements of Income. Restructuring Expense related to MAP 2025 totaled $8.8 million, $4.5 million, $3.0 million and $1.9 million for the quarters ended August 31, 2025, November 30, 2025, February 28, 2026 and May 31, 2026 respectively and $18.2 million for the year ended May 31, 2026. Other related expenses include inventory write-offs in connection with restructuring activities recorded in “Cost of Sales” and accelerated depreciation and amortization recorded within “Cost of Sales” or “Selling, General, & Administrative Expenses (“SG&A”)” depending on the nature of the expense.

- 2026 Restructuring and other related expense, net: Includes charges incurred related to headcount reductions and facility closures associated with the SG&A-focused optimization actions and other early stage MAP 3.0 actions recorded in “Restructuring Expense” on the Consolidated Statements of Income. Restructuring Expense related to the 2026 restructuring action totaled $16.9 million and $7.5 million for the quarters ended February 28, 2026 and May 31, 2026 respectively and $24.4 million for the year ended May 31, 2026. Other related expenses consist of higher executive departure costs, including accelerated stock compensation expense, that do not qualify as restructuring expense and are recorded within “SG&A” as well as accelerated depreciation recorded within “Cost of Sales” or “SG&A” depending on the nature of the expense. Other related expenses also includes inventory write-offs in connection with restructuring activities recorded in “Cost of Sales”.

- ERP consolidation plan: Includes expenses incurred as a result of our stated goals to consolidate over 75 ERP systems across the organization to one ERP platform per segment, as part of our overall MAP strategy as well as costs incurred for other decision support tools to facilitate our commercial initiatives related to MAP 2025 which have been incurred in all segments, as well as Corporate/Other, and have been recorded within “SG&A”.

- Professional fees: Includes expenses incurred to consolidate accounting locations, costs incurred to implement technologies and processes to drive improved data analytics/decision making and cost incurred to implement new global manufacturing methodologies with the goal of improving operating efficiency incurred within all of our segments as well as Corporate/Other and recorded within “SG&A”. All of this spend is in support of stated MAP goals with the most significant expense incurred within Corporate/Other.

- (Gain) on sale of closed facilities, net: Net gain recognized related to the sale of certain properties within the PCG and Consumer Segments which were closed as part of the MAP 2025 program.

Included below is a reconciliation of the TOTAL CONSOLIDATED MAP initiatives.


	Three Months Ended										Year Ended
	August 31, 2025		November 30, 2025			February 28, 2026		May 31, 2026			May 31, 2026
MAP 2025 Restructuring and other related expense, net	$	10,599	$	6,637		$	3,132	$	2,691		$	23,059
2026 Restructuring and other related expense, net		—		—			22,110		9,972			32,082
ERP consolidation plan		2,966		4,440			3,643		2,690			13,739
Professional fees		3,141		3,201			3,229		7,749			17,320
(Gain) loss on sale of closed facilities, net		—		(4,340	)		110		(1,641	)		(5,871	)

MAP initiatives	$	16,706	$	9,938		$	32,224	$	21,461		$	80,329

(e)	Amortization of inventory fair value adjustments related to acquisitions recorded in “Cost of Sales”.

(f)	Fiscal 2026 reflects gains recorded in “SG&A” associated with the divestiture of a product line and a waterproofing services business within our CPG segment.

(g)	Fair value adjustments of the earn-out liabilities associated with the Star Brands Group acquisition, as well as one other smaller acquisition, which were recorded in “SG&A”. Management does not consider these gains to be reflective of the company’s core business operations.

(h)	Environmental remediation costs related to a facility that has not been owned or operated for approximately 25 years.

(i)	Impairment charges related to property, plant and equipment in two asset groups within the Color Group reporting unit of our Consumer segment as a result of reduced cash flow projections in the coming years due to soft end markets.

(j)

Depreciation expense includes charges to income that result from property, plant and equipment depreciation and the amortization of assets recorded under finance leases recorded within “Cost of Sales” or “Selling, General, & Administrative Expenses (“SG&A”)” depending on the nature of the expense. This excludes accelerated depreciation related to MAP initiatives.

(k)	Amortization expense includes intangible asset amortization as well as amortization of deferred cloud computing implementation costs.

(l)

Management believes that investors’ understanding of the Company’s operating performance is enhanced by the disclosure of Adjusted EBITDA, which is a non-GAAP financial measure defined as earnings (loss) before interest, taxes, depreciation and amortization adjusted for items impacting earnings that are not considered by management to be indicative of ongoing operations. We evaluate the profit performance of our segments based on income before income taxes, but also look to adjusted EBITDA, as a performance evaluation measure because Interest Income (Expense), Net is essentially related to corporate functions, as opposed to segment operations. Additionally, Adjusted EBITDA is an operating measure that provides investors with a measure of operating results unaffected by differences in capital structures, capital investment cycles and ages of related assets among otherwise comparable companies. For these reasons, we believe Adjusted EBITDA is also useful to investors as a metric in their investment decisions. The reader is cautioned that the Company’s Adjusted EBITDA should not be compared to other entities unknowingly. Adjusted EBITDA should not be considered an alternative to, or more meaningful than, income before income taxes as determined in accordance with GAAP.