Three Months Ended

August 31,

(In millions)

2026

2025

Net sales

$

2,726.6

$

872.9

Cost of goods sold:

Material cost

2,102.7

583.5

Direct labor, manufacturing expenses, and other (1)

362.7

174.2

Total cost of goods sold

2,465.4

757.7

Gross margin

261.2

115.2

Selling, general and administrative expense

208.8

67.9

Restructuring and other (income) expense, net

(3.6

)

(1.0

)

Operating income

56.0

48.3

Other income (expense):

Miscellaneous income (expense), net

(10.5

)

0.2

Interest expense, net

(38.8

)

(2.9

)

Equity in net income of unconsolidated affiliate

5.3

6.4

Earnings before income taxes

12.0

52.0

Income tax expense

12.1

13.4

   Net earnings (loss) from continuing operations

(0.1

)

38.6

   Net loss from discontinued operations

(4.9

)

-

Net earnings (loss)

(5.0

)

38.6

Net earnings attributable to noncontrolling interests

5.0

1.8

Net earnings (loss) attributable to controlling interest

$

(10.0

)

$

36.8