v3.26.3
Revenue Recognition (Tables)
12 Months Ended
Aug. 31, 2026
Revenue from Contract with Customer [Abstract]  
Summary of Revenue Disaggregated by Categories

The following table presents the Company's revenue disaggregated by category:

 

 

For the Year Ended August 31,

 

(In millions)

 

2026

 

 

2025

 

 

2024

 

Manufacturing:

 

 

 

 

 

 

 

 

 

Railcar sales

 

$

1,908.5

 

 

$

2,662.3

 

 

$

3,011.5

 

Railcar maintenance

 

 

358.0

 

 

 

384.6

 

 

 

359.7

 

 

 

 

2,266.5

 

 

 

3,046.9

 

 

 

3,371.2

 

Leasing & Fleet Management

 

 

194.6

 

 

 

193.3

 

 

 

173.5

 

Total Revenue

 

$

2,461.1

 

 

$

3,240.2

 

 

$

3,544.7

 

 

 

 

 

 

 

 

 

 

 

Summary of Contract Balances

The opening and closing balances of the Company’s contract balances are as follows:

(In millions)

 

Balance sheet classification

 

August 31, 2026

 

 

August 31, 2025

 

 

$ change

 

Contract assets

 

Accounts receivable, net

 

$

2.6

 

 

$

5.9

 

 

$

(3.3

)

Contract assets

 

Inventories

 

$

7.4

 

 

$

9.4

 

 

$

(2.0

)

Contract liabilities 1

 

Deferred revenue

 

$

26.6

 

 

$

40.1

 

 

$

(13.5

)

1 Contract liabilities balance includes deferred revenue within the scope of Revenue from Contracts with Customers (Topic 606).

Summary of Estimated Revenue Related to Performance Obligations Wholly or Partially Unsatisfied The following table summarizes estimated revenue related to performance obligations wholly or partially unsatisfied, that the Company anticipates will be recognized in future periods.

(In millions)

 

August 31, 2026

 

Manufacturing:

 

 

 

Railcar sales

 

$

1,208.1

 

Railcar maintenance

 

$

16.2

 

Leasing & Fleet Management

 

 

 

Fleet management

 

$

136.7