v3.26.3
Related Party Transactions
3 Months Ended
Aug. 31, 2026
Related Party Transactions [Abstract]  
Related Party Transactions

Subsequent to the Separation of the Company from Worthington Enterprises, transactions between Worthington Enterprises and the Company are considered related party, including those subject to agreements entered into in connection with the Separation. Material related party transactions have been disclosed below.

Transactions with Worthington Enterprises

The majority of the Company’s net sales to Worthington Enterprises are subject to the Steel Supply and Services Agreement and are included within net sales in the consolidated statements of earnings. Net sales to Worthington Enterprises were $19.3 million and $18.2 million for the three months ended August 31, 2026, and August 31, 2025, respectively.

As of August 31, 2026 and May 31, 2026, the outstanding accounts receivable balance with Worthington Enterprises equaled $8.9 million and $7.0 million, respectively, as a result of the net sales to Worthington Enterprises described above.