| Schedule of Segment Reporting Information, by Segment |
Summarized financial information concerning the Company’s reportable segments is shown in the following tables:
|
|
|
|
|
|
|
|
|
|
|
|
|
August 31, 2026 |
($ in thousands) |
|
Irrigation |
|
Infrastructure |
|
Consolidated |
Operating revenues |
|
$ |
541,450 |
(1) |
$ |
94,413 |
|
$ |
635,863 |
Cost of operating revenues |
|
|
392,287 |
|
|
59,793 |
|
|
452,080 |
Gross profit |
|
|
149,163 |
|
|
34,620 |
|
|
183,783 |
Operating expenses |
|
|
69,082 |
|
|
18,587 |
|
|
87,669 |
Segment operating income |
|
$ |
80,081 |
|
$ |
16,033 |
|
$ |
96,114 |
Unallocated corporate expenses |
|
|
|
|
|
|
|
|
29,189 |
Operating income |
|
|
|
|
|
|
|
$ |
66,925 |
(1) includes domestic revenues of $262,104 and international revenues of $279,346 |
|
|
|
|
|
|
|
|
|
|
|
|
|
August 31, 2025 |
($ in thousands) |
|
Irrigation |
|
Infrastructure |
|
Consolidated |
Operating revenues |
|
$ |
568,000 |
(1) |
$ |
108,368 |
|
$ |
676,368 |
Cost of operating revenues |
|
|
402,126 |
|
|
63,462 |
|
|
465,588 |
Gross profit |
|
|
165,874 |
|
|
44,906 |
|
|
210,780 |
Operating expenses |
|
|
68,911 |
|
|
18,568 |
|
|
87,479 |
Segment operating income |
|
$ |
96,963 |
|
$ |
26,338 |
|
$ |
123,301 |
Unallocated corporate expenses |
|
|
|
|
|
|
|
|
35,177 |
Operating income |
|
|
|
|
|
|
|
$ |
88,124 |
(1) includes domestic revenues of $273,839 and international revenues of $294,161 |
|
|
|
|
|
|
|
|
|
|
|
|
|
August 31, 2024 |
($ in thousands) |
|
Irrigation |
|
Infrastructure |
|
Consolidated |
Operating revenues |
|
$ |
513,896 |
(1) |
$ |
93,178 |
|
$ |
607,074 |
Cost of operating revenues |
|
|
358,390 |
|
|
57,629 |
|
|
416,019 |
Gross profit |
|
|
155,506 |
|
|
35,549 |
|
|
191,055 |
Operating expenses |
|
|
67,959 |
|
|
16,554 |
|
|
84,513 |
Segment operating income |
|
$ |
87,547 |
|
$ |
18,995 |
|
$ |
106,542 |
Unallocated corporate expenses |
|
|
|
|
|
|
|
|
29,934 |
Operating income |
|
|
|
|
|
|
|
$ |
76,608 |
(1) includes domestic revenues of $302,148 and international revenues of $211,748 |
For the years ended August 31, ($ in thousands) 2026 2025 2024 Total capital expenditures: Irrigation $ 33,902 $ 38,026 $ 24,720 Infrastructure 5,509 4,147 4,207 Corporate 761 323 52 $ 40,172 $ 42,496 $ 28,979 Depreciation and amortization: Irrigation $ 16,026 $ 14,198 $ 14,480 Infrastructure 4,682 4,417 4,396 Corporate 2,353 2,281 2,324 $ 23,061 $ 20,896 $ 21,200
|
| Schedule of Revenue and Long-Lived Assets by Geographical Areas |
Summarized financial information concerning the Company’s geographical areas is shown in the following tables.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the years ended August 31, |
($ in thousands) |
|
|
2026 |
|
|
2025 |
|
|
2024 |
|
|
|
Revenues |
|
% of total |
|
|
Revenues |
|
% of total |
|
|
Revenues |
|
% of total |
United States |
|
$ |
325,035 |
|
51 |
|
$ |
350,229 |
|
52 |
|
$ |
338,429 |
|
56 |
International |
|
|
310,828 |
|
49 |
|
|
326,139 |
|
48 |
|
|
268,645 |
|
44 |
Total revenues |
|
$ |
635,863 |
|
100 |
|
$ |
676,368 |
|
100 |
|
$ |
607,074 |
|
100 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the years ended August 31, |
|
($ in thousands) |
|
2026 |
|
|
2025 |
|
|
2024 |
|
|
|
Long-lived
tangible
assets |
|
|
% of total |
|
|
Long-lived
tangible
assets |
|
|
% of total |
|
|
Long-lived
tangible
assets |
|
|
% of total |
|
United States |
|
$ |
142,719 |
|
|
|
83 |
|
|
$ |
116,771 |
|
|
|
82 |
|
|
$ |
89,175 |
|
|
|
79 |
|
International |
|
|
28,210 |
|
|
|
17 |
|
|
|
25,536 |
|
|
|
18 |
|
|
|
23,640 |
|
|
|
21 |
|
Total long-lived assets |
|
$ |
170,929 |
|
|
|
100 |
|
|
$ |
142,307 |
|
|
|
100 |
|
|
$ |
112,815 |
|
|
|
100 |
|
|