Quarterly report pursuant to Section 13 or 15(d)

Note 16 - Segment Reporting (Tables)

v3.21.1
Note 16 - Segment Reporting (Tables)
6 Months Ended
Apr. 30, 2021
Notes Tables  
Schedule of Segment Reporting Information, by Segment [Table Text Block]
   

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     $ -  
Reconciliation of Assets from Segment to Consolidated [Table Text Block]
   

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  
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block]
    Three Months Ended April 30,     Six Months Ended April 30,  

(in thousands)

 

2021

   

2020

   

2021

   

2020

 

Revenue by Geography

                               

U.S.

  $ 65,020     $ 65,640     $ 125,661     $ 128,894  

U.K.

    11,853       8,401       21,633       19,086  

Total revenue

  $ 76,873     $ 74,041     $ 147,294     $ 147,980  

 

   

April 30,

   

October 31,

 

(in thousands)

 

2021

   

2020

 

Long Lived Assets

               

U.S.

  $ 257,764     $ 260,693  

U.K.

    47,101       43,561  

Total long lived assets

  $ 304,865     $ 304,254