v3.26.3
Discontinued Operations and Assets and Liabilities Held for Sale (Tables)
 3 Months Ended
Aug. 31, 2026
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Assets And Liabilities of Disposal Group Classified As Held For Sale

The carrying amounts of the major classes of assets and liabilities of the Kloeckner Disposal Group classified as held for sale and included in discontinued operations as of August 31, 2026 were as follows:

 

 

 

August 31,

 

(In millions)

 

2026

 

Assets

 

 

 

Trade receivables

 

$

71.3

 

Inventories & other current assets

 

 

108.8

 

Current assets of discontinued operations

 

 

180.1

 

Non-current assets of discontinued operations

 

 

0.7

 

Assets of discontinued operations

 

$

180.8

 

 

 

 

 

Liabilities

 

 

 

Trade payables

 

$

95.1

 

Short-term borrowings & other current liabilities

 

 

13.3

 

Current liabilities of discontinued operations

 

 

108.4

 

Long-term debt & other non-current liabilities

 

 

9.0

 

Non-current liabilities of discontinued operations

 

 

9.0

 

Liabilities of discontinued operations

 

$

117.4

 
Schedule of earnings (loss) from discontinued operations, net of tax

Earnings (loss) from discontinued operations, net of tax, for the three months ended August 31, 2026 was as follows:

 

 

 

Three Months Ended

 

(In millions)

 

August 31, 2026

 

Net sales

 

$

253.5

 

Cost of goods sold

 

 

250.3

 

Gross margin

 

 

3.2

 

Selling, general and administrative expense

 

 

8.1

 

Restructuring and other (income) expense, net

 

 

-

 

Operating loss

 

 

(4.9

)

Other income (expense):

 

 

Miscellaneous income (expense), net

 

 

0.2

 

Interest expense, net

 

 

(0.1

)

Loss before income taxes

 

 

(4.8

)

Income tax expense

 

 

0.1

 

Net loss

 

$

(4.9

)