Quarterly report pursuant to Section 13 or 15(d)

Note 17 - Segment Reporting (Tables)

v3.23.2
Note 17 - Segment Reporting (Tables)
9 Months Ended
Jul. 31, 2023
Notes Tables  
Schedule of Segment Reporting Information, by Segment [Table Text Block]
   

Three Months Ended July 31,

   

Nine Months Ended July 31,

 

(in thousands)

 

2023

   

2022

   

2023

   

2022

 

Revenue

                               

U.S. Concrete Pumping

  $ 87,323     $ 77,352     $ 232,896     $ 212,189  

U.K. Operations

    17,260       14,417       45,207       39,980  

U.S. Concrete Waste Management Services

    16,505       12,813       44,445       34,551  

Corporate

    625       625       1,875       1,875  

Intersegment

    (1,042 )     (738 )     (2,386 )     (2,197 )

Total revenue

  $ 120,671     $ 104,469     $ 322,037     $ 286,398  
                                 

Income before income taxes

                               

U.S. Concrete Pumping

  $ 4,835     $ 3,773     $ 3,893     $ 4,030  

U.K. Operations

    2,161       594       3,280       480  

U.S. Concrete Waste Management Services

    5,338       2,806       12,783       7,037  

Corporate

    1,320       7,833       7,870       11,132  

Total income before income taxes

  $ 13,654     $ 15,006     $ 27,826     $ 22,679  
   

Three Months Ended July 31,

   

Nine Months Ended July 31,

 

(in thousands)

 

2023

   

2022

   

2023

   

2022

 

EBITDA

                               

U.S. Concrete Pumping

  $ 21,670     $ 19,495     $ 54,520     $ 50,524  

U.K. Operations

    4,769       3,197       10,957       8,619  

U.S. Concrete Waste Management Services

    7,452       4,976       18,997       13,398  

Corporate

    1,536       8,045       8,514       11,769  

Total EBITDA

  $ 35,427     $ 35,713     $ 92,988     $ 84,310  
                                 

Consolidated EBITDA reconciliation

                               

Net income

  $ 10,336     $ 12,976     $ 22,399     $ 20,144  

Interest expense, net

    7,066       6,517       21,285       19,126  

Income tax expense

    3,318       2,030       5,427       2,535  

Depreciation and amortization

    14,707       14,190       43,877       42,505  

Total EBITDA

  $ 35,427     $ 35,713     $ 92,988     $ 84,310  
   

Three Months Ended July 31,

   

Nine Months Ended July 31,

 

(in thousands)

 

2023

   

2022

   

2023

   

2022

 

Depreciation and amortization

                               

U.S. Concrete Pumping

  $ 10,498     $ 9,927     $ 31,464     $ 29,615  

U.K. Operations

    1,879       1,881       5,555       5,892  

U.S. Concrete Waste Management Services

    2,114       2,170       6,214       6,361  

Corporate

    216       212       644       637  

Total depreciation and amortization

  $ 14,707     $ 14,190     $ 43,877     $ 42,505  
                                 

Interest expense, net

                               

U.S. Concrete Pumping

  $ (6,337 )   $ (5,795 )   $ (19,163 )   $ (16,879 )

U.K. Operations

    (729 )     (722 )     (2,122 )     (2,247 )

Total interest expense, net

  $ (7,066 )   $ (6,517 )   $ (21,285 )   $ (19,126 )
                                 
Reconciliation of Assets from Segment to Consolidated [Table Text Block]
   

As of July 31,

   

As of October 31,

 

(in thousands)

 

2023

   

2022

 

Total assets

               

U.S. Concrete Pumping

  $ 718,635     $ 693,048  

U.K. Operations

    120,451       103,255  

U.S. Concrete Waste Management Services

    169,096       157,370  

Corporate

    29,437       27,834  

Intersegment

    (123,613 )     (94,018 )

Total assets

  $ 914,006     $ 887,489  
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)

 

2023

   

2022

   

2023

   

2022

 

Revenue by geography

                               

U.S.

  $ 103,411     $ 90,052     $ 276,830     $ 246,418  

U.K.

    17,260       14,417       45,207       39,980  

Total revenue

  $ 120,671     $ 104,469     $ 322,037     $ 286,398  
   

As of July 31,

   

As of October 31,

 

(in thousands)

 

2023

   

2022

 

Property, plant and equipment, net

               

U.S.

  $ 368,935     $ 366,814  

U.K.

    58,149       52,563  

Total property, plant and equipment, net

  $ 427,084     $ 419,377