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Segment Information (Tables)
6 Months Ended
Feb. 28, 2022
Segment Reporting [Abstract]  
Segments Internal Financial Reports

The information in the following table is derived directly from the segments’ internal financial reports used for corporate management purposes.

 

For the three months ended February 28, 2022:

 

 

 

Revenue

 

 

Earnings (loss) from operations

 

(in millions)

 

External

 

 

Intersegment

 

 

Total

 

 

External

 

 

Intersegment

 

 

Total

 

Manufacturing

 

$

555.7

 

 

$

1.8

 

 

$

557.5

 

 

$

1.8

 

 

$

 

 

$

1.8

 

Maintenance Services

 

 

86.6

 

 

 

6.1

 

 

 

92.7

 

 

 

2.9

 

 

 

 

 

 

2.9

 

Leasing & Management Services

 

 

40.5

 

 

 

0.4

 

 

 

40.9

 

 

 

47.6

 

 

 

 

 

 

47.6

 

Eliminations

 

 

 

 

 

(8.3

)

 

 

(8.3

)

 

 

 

 

 

 

 

 

 

Corporate

 

 

 

 

 

 

 

 

 

 

 

(27.1

)

 

 

 

 

 

(27.1

)

 

 

$

682.8

 

 

$

 

 

$

682.8

 

 

$

25.2

 

 

$

 

 

$

25.2

 

 

For the six months ended February 28, 2022:

 

 

 

Revenue

 

 

Earnings (loss) from operations

 

(in millions)

 

External

 

 

Intersegment

 

 

Total

 

 

External

 

 

Intersegment

 

 

Total

 

Manufacturing

 

$

1,008.2

 

 

$

41.2

 

 

$

1,049.4

 

 

$

14.1

 

 

$

0.3

 

 

$

14.4

 

Maintenance Services

 

 

159.0

 

 

 

8.8

 

 

 

167.8

 

 

 

1.8

 

 

 

 

 

 

1.8

 

Leasing & Management Services

 

 

66.3

 

 

 

0.7

 

 

 

67.0

 

 

 

64.8

 

 

 

 

 

 

64.8

 

Eliminations

 

 

 

 

 

(50.7

)

 

 

(50.7

)

 

 

 

 

 

(0.3

)

 

 

(0.3

)

Corporate

 

 

 

 

 

 

 

 

 

 

 

(43.7

)

 

 

 

 

 

(43.7

)

 

 

$

1,233.5

 

 

$

 

 

$

1,233.5

 

 

$

37.0

 

 

$

 

 

$

37.0

 

 

 

For the three months ended February 28, 2021:

 

 

 

Revenue

 

 

Earnings (loss) from operations

 

(in millions)

 

External

 

 

Intersegment

 

 

Total

 

 

External

 

 

Intersegment

 

 

Total

 

Manufacturing

 

$

201.5

 

 

$

2.4

 

 

$

203.9

 

 

$

(17.8

)

 

$

0.1

 

 

$

(17.7

)

Maintenance Services

 

 

71.6

 

 

 

1.6

 

 

 

73.2

 

 

 

2.4

 

 

 

 

 

 

2.4

 

Leasing & Management Services

 

 

22.5

 

 

 

0.5

 

 

 

23.0

 

 

 

7.0

 

 

 

 

 

 

7.0

 

Eliminations

 

 

 

 

 

(4.5

)

 

 

(4.5

)

 

 

 

 

 

(0.1

)

 

 

(0.1

)

Corporate

 

 

 

 

 

 

 

 

 

 

 

(17.3

)

 

 

 

 

 

(17.3

)

 

 

$

295.6

 

 

$

 

 

$

295.6

 

 

$

(25.7

)

 

$

 

 

$

(25.7

)

 

For the six months ended February 28, 2021:

 

 

 

Revenue

 

 

Earnings (loss) from operations

 

(in millions)

 

External

 

 

Intersegment

 

 

Total

 

 

External

 

 

Intersegment

 

 

Total

 

Manufacturing

 

$

506.0

 

 

$

23.0

 

 

$

529.0

 

 

$

(12.3

)

 

$

2.6

 

 

$

(9.7

)

Maintenance Services

 

 

137.2

 

 

 

1.9

 

 

 

139.1

 

 

 

2.2

 

 

 

 

 

 

2.2

 

Leasing & Management Services

 

 

55.4

 

 

 

0.9

 

 

 

56.3

 

 

 

17.1

 

 

 

 

 

 

17.1

 

Eliminations

 

 

 

 

 

(25.8

)

 

 

(25.8

)

 

 

 

 

 

(2.6

)

 

 

(2.6

)

Corporate

 

 

 

 

 

 

 

 

 

 

 

(34.8

)

 

 

 

 

 

(34.8

)

 

 

$

698.6

 

 

$

 

 

$

698.6

 

 

$

(27.8

)

 

$

 

 

$

(27.8

)

 

 

 

Total assets

 

(in millions)

 

February 28,
2022

 

 

August 31,
2021

 

Manufacturing

 

$

1,698.5

 

 

$

1,493.5

 

Maintenance Services

 

 

272.0

 

 

 

260.9

 

Leasing & Management Services

 

 

1,038.8

 

 

 

949.4

 

Unallocated, including cash

 

 

603.4

 

 

 

686.9

 

 

 

$

3,612.7

 

 

$

3,390.7

 

Reconciliation of Earnings (Loss) from Operations to Earnings (Loss) Before Income Tax and Earnings (Loss) from Unconsolidated Affiliates

Reconciliation of Earnings (loss) from operations to Earnings (loss) before income tax and earnings (loss) from unconsolidated affiliates:

 

 

 

Three Months Ended
February 28,

 

 

Six Months Ended
February 28,

 

(in millions)

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Earnings (loss) from operations

 

$

25.2

 

 

$

(25.7

)

 

$

37.0

 

 

$

(27.8

)

Interest and foreign exchange

 

 

11.8

 

 

 

9.6

 

 

 

24.4

 

 

 

20.7

 

Earnings (loss) before income tax and
  earnings (loss) from unconsolidated affiliates

 

$

13.4

 

 

$

(35.3

)

 

$

12.6

 

 

$

(48.5

)