Concrete Pumping Holdings, Inc. Quarterly report pursuant to Section 13 or 15(d)

Note 16 - Segment Reporting (Tables)

6 Months Ended

Apr. 30, 2021

	*Three Months Ended April 30,*						*Six Months Ended April 30,*
(in thousands)	*2021*			*2020*			*2021*			*2020*
Revenue
U.S. Concrete Pumping	$	56,168		$	57,459		$	108,484		$	112,564
U.K. Operations		11,853			8,401			21,633			19,086
U.S. Concrete Waste Management Services		9,008			8,306			17,430			16,589
Corporate		625			625			1,250			1,250
Intersegment		(781	)		(750	)		(1,503	)		(1,509	)
Total revenue	$	76,873		$	74,041		$	147,294		$	147,980

Income (loss) before income taxes
U.S. Concrete Pumping	$	(1,306	)	$	(47,054	)	$	(16,806	)	$	(50,928	)
U.K. Operations		481			(15,446	)		(227	)		(16,454	)
U.S. Concrete Waste Management Services		1,181			893			2,034			1,464
Corporate		(11,039	)		3,672			(10,622	)		3,700
Total income (loss) before income taxes	$	(10,683	)	$	(57,935	)	$	(25,621	)	$	(62,218	)

	*Three Months Ended April 30,*						*Six Months Ended April 30,*
(in thousands)	*2021*			*2020*			*2021*			*2020*
EBITDA
U.S. Concrete Pumping	$	13,346		$	(28,814	)	$	13,241		$	(13,952	)
U.K. Operations		3,334			(12,712	)		5,413			(10,753	)
U.S. Concrete Waste Management Services		3,504			3,553			6,704			6,803
Corporate		(10,831	)		3,879			(10,206	)		4,114
Total EBITDA	$	9,353		$	(34,094	)	$	15,152		$	(13,788	)

Consolidated EBITDA reconciliation
Net loss	$	(10,853	)	$	(55,714	)	$	(23,143	)	$	(58,850	)
Interest expense, net		6,029			8,765			12,929			18,268
Income tax expense (benefit)		170			(2,221	)		(2,478	)		(3,368	)
Depreciation and amortization		14,007			15,076			27,844			30,162
Total EBITDA	$	9,353		$	(34,094	)	$	15,152		$	(13,788	)

	*Three Months Ended April 30,*						*Six Months Ended April 30,*
(in thousands)	*2021*			*2020*			*2021*			*2020*
Depreciation and amortization
U.S. Concrete Pumping	$	9,405		$	10,144		$	18,677		$	20,148
U.K. Operations		2,071			2,065			4,081			4,261
U.S. Concrete Waste Management Services		2,323			2,660			4,670			5,339
Corporate		208			207			416			414
Total depreciation and amortization	$	14,007		$	15,076		$	27,844		$	30,162

Interest expense, net
U.S. Concrete Pumping	$	(5,247	)	$	(8,096	)	$	(11,370	)	$	(16,828	)
U.K. Operations		(782	)		(669	)		(1,559	)		(1,440	)
U.S. Concrete Waste Management Services		-			-			-			-
Corporate		-			-			-			-
Total interest expense, net	$	(6,029	)	$	(8,765	)	$	(12,929	)	$	(18,268	)

Transaction costs including transaction-related debt extinguishment
U.S. Concrete Pumping	$	55		$	-		$	84		$	-
Corporate		-			-			-			-
Total transaction costs including transaction-related debt extinguishment	$	55		$	-		$	84		$	-

	*April 30,*			*October 31,*
(in thousands)	*2021*			*2020*
Total Assets
U.S. Concrete Pumping	$	567,635		$	570,536
U.K. Operations		105,393			109,726
U.S. Concrete Waste Management Services		141,723			140,209
Corporate		26,029			25,517
Intersegment		(69,265	)		(72,230	)
Total assets	$	771,515		$	773,758