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Segments
3 Months Ended
May 31, 2022
Segment Reporting [Abstract]  
Segments Operating Segments
Segment Information
The Company has three distinct operating segments: the Metal Coatings segment, the Precoat Metals segment and the Infrastructure Solutions segment. The Metal Coatings segment provides hot-dip galvanizing, spin galvanizing, powder coating, anodizing and plating, and other metal coating applications to the steel fabrication and other industries through facilities located throughout the United States and Canada. Hot-dip galvanizing is a metallurgical process in which molten zinc reacts to steel. The zinc alloying provides corrosion protection and extends the life-cycle of fabricated steel for several decades.
The Precoat Metals segment provides aesthetic and corrosion protective coatings and related value-added services for steel and aluminum coil primarily serving the construction; appliance; heating, ventilation, and air conditioning (HVAC); container; transportation and other end markets in the United States.
The Infrastructure Solutions segment provides specialized products and services designed to support primarily industrial and electrical applications. The product offerings include custom switchgear, electrical enclosures, medium and high voltage bus ducts, explosion proof and hazardous duty lighting and tubular products. The Infrastructure Solutions segment also focuses on life-cycle extension for the power generation, refining and industrial infrastructure, through providing automated weld overlay solutions for corrosion and erosion mitigation.

Sales and operating income by segment for each period were as follows (in thousands):
 
 Three Months Ended May 31,
 20222021
Sales:
Metal Coatings$160,846 $127,735 
Precoat Metals43,691 — 
Infrastructure Solutions
109,861 102,091 
Total sales$314,398 $229,826 
Operating income:
Metal Coatings$44,435 $31,576 
Precoat Metals6,648 — 
Infrastructure Solutions
12,851 9,624 
Corporate(24,024)(10,488)
Total operating income$39,910 $30,712 
Asset balances by segment for each period were as follows (in thousands):

May 31, 2022February 28, 2022
Total assets:
Metal Coatings$594,207 $575,088 
Precoat Metals1,538,809 — 
Infrastructure Solutions526,311 525,086 
Corporate122,965 32,854 
Total$2,782,292 $1,133,028 
Financial Information About Geographical Areas
The following table presents sales by geographic region for each period (in thousands):
 Three Months Ended May 31,
 20222021
Sales:
United States$281,589 $191,116 
International 32,809 38,710 
Total$314,398 $229,826 
    
The following table presents fixed assets by geographic region for each period (in thousands):
May 31, 2022February 28, 2022
Property, plant and equipment, net:
United States$456,409 $194,539 
Canada25,900 26,264 
Other countries9,413 10,045 
          Total$491,722 $230,848