BUSINESS SEGMENTS (Tables)

9 Months Ended

May 31, 2020

The following is a summary of certain financial information from continuing operations by reportable segment:


	Three Months Ended May 31, 2020
(in thousands)	Americas Recycling		Americas Mills		Americas Fabrication		International Mill		Corporate and Other		Continuing Operations
Net sales-unaffiliated customers	$	148,021	$	451,278	$	567,782	$	173,465	$	1,137	$	1,341,683
Intersegment sales	55,134		289,534		1,466		352		(346,486)		—
Net sales	203,155		740,812		569,248		173,817		(345,349)		1,341,683
Adjusted EBITDA	(1,664)		133,174		31,896		14,270		(30,894)		146,782

	Nine Months Ended May 31, 2020
(in thousands)	Americas Recycling		Americas Mills		Americas Fabrication		International Mill		Corporate and Other		Continuing Operations
Net sales-unaffiliated customers	$	499,707	$	1,396,837	$	1,648,540	$	518,161	$	4,109	$	4,067,354
Intersegment sales	173,793		844,908		4,303		1,124		(1,024,128)		—
Net sales	673,500		2,241,745		1,652,843		519,285		(1,020,019)		4,067,354
Adjusted EBITDA	7,507		413,890		65,437		39,080		(81,606)		444,308
Total assets at May 31, 2020*	216,270		1,609,574		1,052,324		506,192		570,527		3,954,887

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*Total assets listed in Corporate and Other includes assets from discontinued operations.


	Three Months Ended May 31, 2019
(in thousands)	Americas Recycling		Americas Mills		Americas Fabrication		International Mill		Corporate and Other		Continuing Operations
Net sales-unaffiliated customers	$	228,786	$	536,035	$	629,510	$	209,022	$	2,519	$	1,605,872
Intersegment sales	60,229		330,868		3,537		343		(394,977)		—
Net sales	289,015		866,903		633,047		209,365		(392,458)		1,605,872
Adjusted EBITDA	12,331		158,114		(23,289)		24,120		(27,305)		143,971

	Nine Months Ended May 31, 2019
(in thousands)	Americas Recycling		Americas Mills		Americas Fabrication		International Mill		Corporate and Other		Continuing Operations
Net sales-unaffiliated customers	$	694,855	$	1,382,501	$	1,590,746	$	610,640	$	7,255	$	4,285,997
Intersegment sales	183,244		860,964		10,248		947		(1,055,403)		—
Net sales	878,099		2,243,465		1,600,994		611,587		(1,048,148)		4,285,997
Adjusted EBITDA	37,889		384,383		(109,863)		77,436		(111,005)		278,840
Total assets at August 31, 2019^*	257,517		1,667,366		1,106,420		464,177		263,291		3,758,771

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*Total assets listed in Corporate and Other includes assets from discontinued operations.

The following table presents a reconciliation of earnings from continuing operations to adjusted EBITDA from continuing operations:


	Three Months Ended May 31,						Nine Months Ended May 31,
(in thousands)	2020		2019		2020		2019
Earnings from continuing operations	$	64,169	$	78,551	$	210,520	$	112,899
Interest expense	15,409		18,513		47,875		53,671
Income taxes	23,804		29,105		73,981		52,855
Depreciation and amortization	41,765		41,181		124,095		117,602
Asset impairments	5,983		15		6,513		15
Amortization of acquired unfavorable contract backlog	(4,348)		(23,394)		(18,676)		(58,202)
Adjusted EBITDA from continuing operations	$	146,782	$	143,971	$	444,308	$	278,840