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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
12 Months Ended
May 31, 2023
May 31, 2022
May 31, 2021
Sales:      
Sales $ 1,990.5 $ 1,820.0 $ 1,652.3
Costs and operating expenses:      
Provision for credit losses 2.6 1.2 8.5
Selling, general and administrative 230.4 202.2 182.4
Total costs and operating expenses 1,853.4 1,710.2 1,567.3
Earnings (Loss) from joint ventures (3.2) (2.9) 0.2
Operating income 133.9 106.9 85.2
Losses related to sale and exit of business (0.7) (1.7) (20.2)
Other income (expense), net (0.8) 2.2 4.3
Interest expense (12.2) (2.4) (5.0)
Interest income 1.0 0.1 0.2
Income from continuing operations before provision for income taxes 121.2 105.1 64.5
Provision for income taxes 31.4 26.6 18.2
Income from continuing operations 89.8 78.5 46.3
Income (Loss) from discontinued operations, net of tax 0.4 0.2 (10.5)
Net income $ 90.2 $ 78.7 $ 35.8
Earnings per share - basic:      
Earnings from continuing operations $ 2.55 $ 2.19 $ 1.31
Income (Loss) from discontinued operations 0.01 0.01 (0.30)
Earnings per share - basic 2.56 2.20 1.01
Earnings per share - diluted:      
Earnings from continuing operations 2.52 2.16 1.30
Income (Loss) from discontinued operations 0.01 0.01 (0.30)
Earnings per share - diluted $ 2.53 $ 2.17 $ 1.00
Products      
Sales:      
Sales $ 1,238.7 $ 1,078.3 $ 934.9
Costs and operating expenses:      
Cost 985.2 869.4 773.8
Services      
Sales:      
Sales 751.8 741.7 717.4
Costs and operating expenses:      
Cost $ 635.2 $ 637.4 $ 602.6