| Summary of Financial Information by Reportable Segment and Product Line |
The following tables summarize financial information by reportable segment and product line (in thousands):
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Three Months Ended February 28, |
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Six Months Ended February 28, |
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2019 |
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2018 |
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2019 |
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2018 |
Net Sales by Reportable Product Line & Segment |
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Industrial Tools & Services |
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Product |
$ |
105,584 |
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$ |
105,302 |
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$ |
208,352 |
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$ |
206,422 |
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Service & Rental |
43,937 |
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|
31,685 |
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|
89,824 |
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|
72,556 |
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149,521 |
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136,987 |
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298,176 |
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|
278,978 |
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Engineered Components & Systems |
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On-Highway |
55,013 |
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59,297 |
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115,604 |
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|
124,179 |
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Agriculture, Off-Highway and Other |
52,448 |
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50,795 |
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106,332 |
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102,111 |
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Rope & Cable Solutions |
11,386 |
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17,101 |
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27,552 |
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33,488 |
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Concrete Tensioning |
3,539 |
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10,983 |
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16,774 |
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22,617 |
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Off Shore Mooring |
— |
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2 |
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— |
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2,747 |
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122,386 |
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138,178 |
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266,262 |
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|
285,142 |
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$ |
271,907 |
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$ |
275,165 |
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$ |
564,438 |
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$ |
564,120 |
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Operating Profit (Loss) |
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Industrial Tools & Services |
$ |
26,546 |
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$ |
18,963 |
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$ |
52,920 |
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$ |
39,800 |
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Engineered Components & Systems (1)
|
(1,412 |
) |
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(4,448 |
) |
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(29,704 |
) |
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(413 |
) |
General Corporate |
(8,780 |
) |
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(4,711 |
) |
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(16,180 |
) |
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(14,910 |
) |
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$ |
16,354 |
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$ |
9,804 |
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$ |
7,036 |
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$ |
24,477 |
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(1) Engineered Components & Systems segment operating losses include impairment & divestiture charges of $6.9 million and $3.0 million for the three months ended February 28, 2019 and 2018, respectively. For the six months ended February 28, 2019 and 2018, impairment & divestiture charges were $43.3 million and $3.0 million, respectively.
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February 28, 2019 |
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August 31, 2018 |
Assets: |
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Industrial Tools & Services |
$ |
622,346 |
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$ |
589,932 |
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Engineered Components & Systems |
618,854 |
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657,370 |
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General Corporate |
161,857 |
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234,036 |
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$ |
1,403,057 |
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$ |
1,481,338 |
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