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

Quarterly report pursuant to Section 13 or 15(d)

Note 17 - Segment Reporting (Tables)

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