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)

6 Months Ended

Apr. 30, 2023

Notes Tables

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

		*Three Months Ended April 30,*								*Six Months Ended April 30,*
(in thousands)		*2023*				*2022*				*2023*				*2022*
Revenue
U.S. Concrete Pumping		$	78,386			$	71,767			$	145,573			$	134,837
U.K. Operations			15,239				13,541				27,947				25,563
U.S. Concrete Waste Management Services			14,167				11,281				27,940				21,738
Corporate			625				625				1,250				1,250
Intersegment			(626	)			(732	)			(1,344	)			(1,458	)
Total revenue		$	107,791			$	96,482			$	201,366			$	181,930

Income (loss) before income taxes
U.S. Concrete Pumping		$	547			$	1,599			$	(942	)		$	258
U.K. Operations			1,259				140				1,119				(115	)
U.S. Concrete Waste Management Services			3,665				1,888				7,445				4,231
Corporate			1,582				2,885				6,550				3,300
Total income before income taxes		$	7,053			$	6,512			$	14,172			$	7,674

		*Three Months Ended April 30,*								*Six Months Ended April 30,*
(in thousands)		*2023*				*2022*				*2023*				*2022*
EBITDA
U.S. Concrete Pumping		$	17,787			$	17,078			$	32,850			$	31,029
U.K. Operations			3,808				2,913				6,188				5,421
U.S. Concrete Waste Management Services			5,730				4,005				11,545				8,422
Corporate			1,797				3,098				6,978				3,724
Total EBITDA		$	29,122			$	27,094			$	57,561			$	48,596

Consolidated EBITDA reconciliation
Net income		$	5,588			$	5,985			$	12,063			$	7,168
Interest expense, net			7,348				6,346				14,219				12,608
Income tax expense			1,465				527				2,109				506
Depreciation and amortization			14,721				14,236				29,170				28,314
Total EBITDA		$	29,122			$	27,094			$	57,561			$	48,596

		*Three Months Ended April 30,*								*Six Months Ended April 30,*
(in thousands)		*2023*				*2022*				*2023*				*2022*
Depreciation and amortization
U.S. Concrete Pumping		$	10,592			$	9,880			$	20,966			$	19,688
U.K. Operations			1,849				2,026				3,676				4,011
U.S. Concrete Waste Management Services			2,065				2,117				4,100				4,191
Corporate			215				213				428				424
Total depreciation and amortization		$	14,721			$	14,236			$	29,170			$	28,314

Interest expense, net
U.S. Concrete Pumping		$	(6,648	)		$	(5,599	)		$	(12,826	)		$	(11,083	)
U.K. Operations			(700	)			(747	)			(1,393	)			(1,525	)
Total interest expense, net		$	(7,348	)		$	(6,346	)		$	(14,219	)		$	(12,608	)

Transaction costs
U.S. Concrete Pumping		$	24			$	20			$	27			$	38
Total transaction costs		$	24			$	20			$	27			$	38

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

		*As of April 30,*				*As of October 31,*
(in thousands)		*2023*				*2022*
Total assets
U.S. Concrete Pumping		$	705,985			$	693,048
U.K. Operations			114,500				103,255
U.S. Concrete Waste Management Services			162,629				157,370
Corporate			29,110				27,834
Intersegment			(115,945	)			(94,018	)
Total assets		$	896,279			$	887,489

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)		*2023*				*2022*				*2023*				*2022*
Revenue by geography
U.S.		$	92,552			$	82,941			$	173,419			$	156,367
U.K.			15,239				13,541				27,947				25,563
Total revenue		$	107,791			$	96,482			$	201,366			$	181,930

		*As of April 30,*				*As of October 31,*
(in thousands)		*2023*				*2022*
Property, plant and equipment, net
U.S.		$	370,681			$	366,814
U.K.			58,473				52,563
Total property, plant and equipment, net		$	429,154			$	419,377