BUSINESS SEGMENTS (Tables)

3 Months Ended

Nov. 30, 2023

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 November 30, 2023
(in thousands)	North America Steel Group		Europe Steel Group		Emerging Businesses Group		Corporate and Other		Total
Net sales from external customers	$	1,592,650	$	225,175	$	177,239	$	7,987	$	2,003,051
Adjusted EBITDA	266,820		38,942		30,862		(30,987)		305,637
Total assets at November 30, 2023	4,142,370		838,019		847,744		867,036		6,695,169

	Three Months Ended November 30, 2022
(in thousands)	North America Steel Group		Europe Steel Group		Emerging Businesses Group		Corporate and Other		Total
Net sales from external customers	$	1,664,161	$	386,503	$	170,534	$	6,115	$	2,227,313
Adjusted EBITDA	349,787		61,248		31,427		(39,726)		402,736
Total assets at August 31, 2023	4,166,521		927,468		874,330		670,775		6,639,094

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 November 30,
(in thousands)	2023		2022
Net earnings	$	176,273	$	261,774
Interest expense	11,756		13,045
Income taxes	48,422		76,725
Depreciation and amortization	69,186		51,183
Asset impairments	—		9
Adjusted EBITDA	$	305,637	$	402,736

Net sales by major product

The following tables display revenue by reportable segment and Corporate and Other from external customers, disaggregated by major product:

	Three Months Ended November 30, 2023
(in thousands)	North America Steel Group		Europe Steel Group		Emerging Businesses Group		Corporate and Other		Total
Major product:
Raw materials	$	313,655	$	3,714	$	—	$	—	$	317,369
Steel products	657,760		175,532		—		—		833,292
Downstream products	577,002		38,628		37,546		—		653,176
Construction products	—		—		77,759		—		77,759
Ground stabilization products	—		—		57,323		—		57,323
Other	44,233		7,301		4,611		7,987		64,132
Net sales from external customers	1,592,650		225,175		177,239		7,987		2,003,051
Intersegment net sales, eliminated on consolidation	19,637		576		4,787		(25,000)		—
Net sales	$	1,612,287	$	225,751	$	182,026	$	(17,013)	$	2,003,051

	Three Months Ended November 30, 2022
(in thousands)	North America Steel Group		Europe Steel Group		Emerging Businesses Group		Corporate and Other		Total
Major product:
Raw materials	$	293,320	$	4,867	$	—	$	—	$	298,187
Steel products	703,594		311,936		—		—		1,015,530
Downstream products	618,967		59,582		24,808		—		703,357
Construction products	—		—		83,567		—		83,567
Ground stabilization products	—		—		59,079		—		59,079
Other	48,280		10,118		3,080		6,115		67,593
Net sales from external customers	1,664,161		386,503		170,534		6,115		2,227,313
Intersegment net sales, eliminated on consolidation	25,854		532		8,778		(35,164)		—
Net sales	$	1,690,015	$	387,035	$	179,312	$	(29,049)	$	2,227,313