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

Quarterly report pursuant to Section 13 or 15(d)

Note 16 - Segment Reporting (Tables)

Note 16 - Segment Reporting (Tables)

9 Months Ended

Jul. 31, 2021

Notes Tables

Schedule of Segment Reporting Information, by Segment [Table Text Block]

		*Three Months Ended July 31,*								*Nine Months Ended July 31,*
(in thousands)		*2021*				*2020*				*2021*				*2020*
Revenue
U.S. Concrete Pumping		$	58,025			$	58,644			$	166,509			$	171,209
U.K. Operations			12,652				9,208				34,285				28,294
U.S. Concrete Waste Management Services			10,122				9,390				27,552				25,978
Corporate			625				625				1,875				1,875
Intersegment			(663	)			(736	)			(2,167	)			(2,245	)
Total revenue		$	80,761			$	77,131			$	228,054			$	225,111

Income (loss) before income taxes
U.S. Concrete Pumping		$	2,625			$	497			$	(14,183	)		$	(50,430	)
U.K. Operations			533				(81	)			305				(16,535	)
U.S. Concrete Waste Management Services			2,458				1,685				4,492				3,149
Corporate			674				(2,316	)			(9,945	)			1,384
Total income (loss) before income taxes		$	6,290			$	(215	)		$	(19,331	)		$	(62,432	)

		*Three Months Ended July 31,*								*Nine Months Ended July 31,*
(in thousands)		*2021*				*2020*				*2021*				*2020*
EBITDA
U.S. Concrete Pumping		$	17,178			$	17,862			$	30,419			$	3,911
U.K. Operations			3,381				2,715				8,794				(8,038	)
U.S. Concrete Waste Management Services			4,837				4,346				11,542				11,149
Corporate			885				(2,109	)			(9,318	)			2,005
Total EBITDA		$	26,281			$	22,814			$	41,437			$	9,027

Consolidated EBITDA reconciliation
Net income (loss)		$	4,638			$	247			$	(18,505	)		$	(58,603	)
Interest expense, net			6,153				8,364				19,082				26,632
Income tax expense (benefit)			1,652				(462	)			(826	)			(3,829	)
Depreciation and amortization			13,838				14,665				41,686				44,827
Total EBITDA		$	26,281			$	22,814			$	41,437			$	9,027

		*Three Months Ended July 31,*								*Nine Months Ended July 31,*
(in thousands)		*2021*				*2020*				*2021*				*2020*
Depreciation and amortization
U.S. Concrete Pumping		$	9,206			$	9,745			$	27,885			$	29,893
U.K. Operations			2,042				2,052				6,124				6,313
U.S. Concrete Waste Management Services			2,379				2,661				7,050				8,000
Corporate			211				207				627				621
Total depreciation and amortization		$	13,838			$	14,665			$	41,686			$	44,827

Interest expense, net
U.S. Concrete Pumping		$	(5,347	)		$	(7,620	)		$	(16,717	)		$	(24,448	)
U.K. Operations			(806	)			(744	)			(2,365	)			(2,184	)
U.S. Concrete Waste Management Services			-				-				-				-
Corporate			-				-				-				-
Total interest expense, net		$	(6,153	)		$	(8,364	)		$	(19,082	)		$	(26,632	)

Transaction and debt extinguishment costs
U.S. Concrete Pumping		$	111			$	-			$	15,705			$	-
Total transaction costs including transaction-related debt extinguishment		$	111			$	-			$	15,705			$	-

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

		*July 31,*				*October 31,*
(in thousands)		*2021*				*2020*
Total Assets
U.S. Concrete Pumping		$	577,398			$	570,536
U.K. Operations			104,641				109,726
U.S. Concrete Waste Management Services			143,797				140,209
Corporate			26,454				25,517
Intersegment			(70,324	)			(72,230	)
Total assets		$	781,966			$	773,758

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block]

		*Three Months Ended July 31,*								*Nine Months Ended July 31,*
(in thousands)		*2021*				*2020*				*2021*				*2020*
Revenue by Geography
U.S.		$	68,109			$	67,923			$	193,769			$	196,817
U.K.			12,652				9,208				34,285				28,294
Total revenue		$	80,761			$	77,131			$	228,054			$	225,111

		*July 31,*				*October 31,*
(in thousands)		*2021*				*2020*
Long Lived Assets
U.S.		$	267,129			$	260,693
U.K.			47,461				43,561
Total long lived assets		$	314,590			$	304,254