BUSINESS SEGMENTS (Tables)

9 Months Ended

May 31, 2022

Segment Reporting [Abstract]

Summary of certain financial information from continuing operations by reportable segment

The following is a summary of certain financial information by reportable segment and Corporate and Other:

	Three Months Ended May 31, 2022
(in thousands)	North America		Europe		Corporate and Other		Total
Net sales	$	2,033,150	$	484,564	$	(1,987)	$	2,515,727
Adjusted EBITDA	379,355		120,974		(35,049)		465,280
	Nine Months Ended May 31, 2022
(in thousands)	North America		Europe		Corporate and Other		Total
Net sales	$	5,300,996	$	1,209,378	$	(3,958)	$	6,506,416
Adjusted EBITDA	1,183,342		281,955		(121,876)		1,343,421
Total assets at May 31, 2022	4,297,473		1,164,918		641,311		6,103,702

	Three Months Ended May 31, 2021
(in thousands)	North America		Europe		Corporate and Other		Total
Net sales	$	1,558,068	$	284,107	$	2,866	$	1,845,041
Adjusted EBITDA	207,330		50,005		(36,214)		221,121
	Nine Months Ended May 31, 2021
(in thousands)	North America		Europe		Corporate and Other		Total
Net sales	$	4,010,567	$	680,769	$	7,778	$	4,699,114
Adjusted EBITDA	534,576		80,582		(108,671)		506,487
Total assets at August 31, 2021	3,221,465		729,766		687,440		4,638,671

Reconciliations of earnings from continuing operations to adjusted operating profit

The following table presents a reconciliation of net earnings to adjusted EBITDA:

	Three Months Ended May 31,				Nine Months Ended May 31,
(in thousands)	2022		2021		2022		2021
Net earnings	$	312,429	$	130,408	$	928,632	$	260,552
Interest expense	13,433		11,965		36,479		40,245
Income taxes	92,590		38,175		247,894		80,709
Depreciation and amortization	43,583		41,804		125,943		125,176
Asset impairments	3,245		277		4,473		4,345
Amortization of acquired unfavorable contract backlog	—		(1,508)		—		(4,540)
Adjusted EBITDA	$	465,280	$	221,121	$	1,343,421	$	506,487

Net sales by major product

The following tables display revenue by reportable segment and Corporate and Other from external customers, disaggregated by major product. Construction-related solutions represents sales of ground stabilization and soil reinforcement solutions and sales from our Construction Services business, which sells and rents construction-related products and equipment to concrete installers and other companies in the construction industry:

	Three Months Ended May 31, 2022
(in thousands)	North America		Europe		Corporate and Other		Total
Major product:
Raw materials	$	435,171	$	7,406	$	—	$	442,577
Steel products	851,762		367,810		—		1,219,572
Downstream products	587,568		88,667		—		676,235
Construction-related solutions	121,285		9,481		—		130,766
Other	37,356		10,641		(1,420)		46,577
Net sales from external customers	2,033,142		484,005		(1,420)		2,515,727
Intersegment net sales, eliminated on consolidation	8		559		(567)		—
Net sales	$	2,033,150	$	484,564	$	(1,987)	$	2,515,727
	Nine Months Ended May 31, 2022
(in thousands)	North America		Europe		Corporate and Other		Total
Major product:
Raw materials	$	1,155,204	$	20,230	$	—	$	1,175,434
Steel products	2,192,851		931,369		—		3,124,220
Downstream products	1,561,717		218,280		—		1,779,997
Construction-related solutions	287,422		9,481		—		296,903
Other	103,794		28,556		(2,488)		129,862
Net sales from external customers	5,300,988		1,207,916		(2,488)		6,506,416
Intersegment net sales, eliminated on consolidation	8		1,462		(1,470)		—
Net sales	$	5,300,996	$	1,209,378	$	(3,958)	$	6,506,416

	Three Months Ended May 31, 2021
(in thousands)	North America		Europe		Corporate and Other		Total
Major product:
Raw materials	$	346,614	$	5,904	$	—	$	352,518
Steel products	626,084		215,088		—		841,172
Downstream products	475,714		56,444		—		532,158
Construction-related solutions	77,549		—		—		77,549
Other	32,107		6,277		3,260		41,644
Net sales from external customers	1,558,068		283,713		3,260		1,845,041
Intersegment net sales, eliminated on consolidation	—		394		(394)		—
Net sales	$	1,558,068	$	284,107	$	2,866	$	1,845,041
	Nine Months Ended May 31, 2021
(in thousands)	North America		Europe		Corporate and Other		Total
Major product:
Raw materials	$	811,863	$	13,509	$	—	$	825,372
Steel products	1,597,942		524,025		—		2,121,967
Downstream products	1,313,140		124,679		—		1,437,819
Construction-related solutions	205,548		—		—		205,548
Other	82,074		17,244		9,090		108,408
Net sales from external customers	4,010,567		679,457		9,090		4,699,114
Intersegment net sales, eliminated on consolidation	—		1,312		(1,312)		—
Net sales	$	4,010,567	$	680,769	$	7,778	$	4,699,114