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

Quarterly report pursuant to Section 13 or 15(d)

Note 18 - Segment Reporting (Tables)

Note 18 - Segment Reporting (Tables)

6 Months Ended

Apr. 30, 2024

Schedule of Error Corrections and Prior Period Adjustments [Table Text Block]

	Three Months Ended April 30, 2023					Six Months Ended April 30, 2023
(in thousands)	U.S. Concrete Pumping		Other			U.S. Concrete Pumping		Other
As Previously Reported
Depreciation and amortization	$	10,592	$	215		$	20,966	$	428
Segment EBITDA	$	17,787	$	1,797		$	32,850	$	6,978

Recast Adjustment
Depreciation and amortization	$	215	$	(215	)	$	428	$	(428	)
Segment EBITDA	$	625	$	(625	)	$	1,250	$	(1,250	)

Current Report As Adjusted
Depreciation and amortization	$	10,807	$	-		$	21,394	$	-
Segment EBITDA	$	18,412	$	1,172		$	34,100	$	5,728

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

	*Three Months Ended April 30,*						*Six Months Ended April 30,*
(in thousands)	*2024*			*2023*			*2024*			*2023*
Revenue
U.S. Concrete Pumping	$	74,617		$	78,386		$	141,300		$	145,573
U.K. Operations		15,547			15,239			30,955			27,947
U.S. Concrete Waste Management Services - Third parties		16,898			14,166			32,518			27,846
U.S. Concrete Waste Management Services - Intersegment		144			2			244			94
Intersegment eliminations		(144	)		(2	)		(244	)		(94	)
Reportable segment revenue	$	107,062		$	107,791			204,773			201,366

EBITDA
U.S. Concrete Pumping	$	15,979		$	18,412		$	23,016		$	34,100
U.K. Operations		4,171			3,808			7,348			6,188
U.S. Concrete Waste Management Services		6,188			5,730			11,568			11,545
Reportable segment EBITDA		26,338			27,950			41,932			51,833
Interest expense and amortization of deferred financing costs		(6,873	)		(7,348	)		(13,336	)		(14,219	)
Reportable depreciation and amortization		(14,239	)		(14,721	)		(28,337	)		(29,170	)
Other		-			1,172			130			5,728
Total income (loss) before income taxes	$	5,226		$	7,053		$	389		$	14,172


Depreciation and amortization
U.S. Concrete Pumping	$	10,270		$	10,807		$	20,500		$	21,394
U.K. Operations		1,849			1,849			3,657			3,676
U.S. Concrete Waste Management Services		2,120			2,065			4,180			4,100
Total depreciation and amortization	$	14,239		$	14,721		$	28,337		$	29,170

Interest expense and amortization of deferred financing costs
U.S. Concrete Pumping	$	6,193		$	6,648		$	11,947		$	12,826
U.K. Operations		680			700			1,389			1,393
Total interest expense and amortization of deferred financing costs	$	6,873		$	7,348		$	13,336		$	14,219

Revenue by geography
U.S.	$	91,515		$	92,552		$	173,818		$	173,419
U.K.		15,547			15,239			30,955			27,947
Total revenue	$	107,062		$	107,791		$	204,773		$	201,366

Total capital expenditures
U.S. Concrete Pumping	$	5,759		$	14,034		$	13,691		$	20,675
U.K. Operations		2,157		$	1,732			6,384			8,901
U.S. Concrete Waste Management Services		3,052		$	1,838			6,099			5,129
Reportable segment capital expenditures		10,968			17,604			26,174			34,705
Other		83			21			2,643			40
Total capital expenditures	$	11,051		$	17,625		$	28,817		$	34,745


	*As of*		*As of*
	*April 30,*		*October 31,*
(in thousands)	*2024*		*2023*
Total Assets
U.S.	$	764,375	$	785,402
U.K.		130,338		119,123
Total Assets	$	894,713	$	904,525

Property, plant and equipment, net
U.S.	$	366,069	$	371,689
U.K.		60,815		55,959
Property, plant and equipment, net	$	426,884	$	427,648