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)

9 Months Ended

Jul. 31, 2024

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

	*Three Months Ended July 31, 2023*					*Nine Months Ended July 31, 2023*
(in thousands)	*U.S. Concrete Pumping*		*Other*			*U.S. Concrete Pumping*		*Other*
As Previously Reported
Depreciation and amortization	$	10,498	$	216		$	31,464	$	644
Segment EBITDA	$	21,670	$	1,536		$	54,520	$	8,514

Recast Adjustment
Depreciation and amortization	$	216	$	(216	)	$	644	$	(644	)
Segment EBITDA	$	625	$	(625	)	$	1,875	$	(1,875	)

Current Report As Adjusted
Depreciation and amortization	$	10,714	$	-		$	32,108	$	-
Segment EBITDA	$	22,295	$	911		$	56,395	$	6,639

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

	*Three Months Ended July 31,*						*Nine Months Ended July 31,*
(in thousands)	*2024*			*2023*			*2024*			*2023*
Revenue
U.S. Concrete Pumping	$	75,213		$	87,323		$	216,514		$	232,896
U.K. Operations		15,859			17,260			46,813			45,207
U.S. Concrete Waste Management Services - Third parties		18,545			16,088			51,063			43,934
U.S. Concrete Waste Management Services - Intersegment		87			417			331			511
Intersegment eliminations		(87	)		(417	)		(331	)		(511	)
Reportable segment revenue	$	109,617		$	120,671			314,390			322,037

EBITDA
U.S. Concrete Pumping	$	20,156		$	22,295		$	43,216		$	56,395
U.K. Operations		3,981			4,769			11,374			10,957
U.S. Concrete Waste Management Services		7,313			7,452			18,881			18,997
Reportable segment EBITDA		31,450			34,516			73,471			86,349
Interest expense and amortization of deferred financing costs		(6,318	)		(7,066	)		(19,744	)		(21,285	)
Reportable depreciation and amortization		(14,491	)		(14,707	)		(42,827	)		(43,877	)
Other		-			911			130			6,639
Total income before income taxes	$	10,641		$	13,654		$	11,030		$	27,826


Depreciation and amortization
U.S. Concrete Pumping	$	9,874		$	10,714		$	30,374		$	32,108
U.K. Operations		1,907			1,879			5,564			5,555
U.S. Concrete Waste Management Services		2,710			2,114			6,889			6,214
Total depreciation and amortization	$	14,491		$	14,707		$	42,827		$	43,877

Interest expense and amortization of deferred financing costs
U.S. Concrete Pumping	$	5,585		$	6,337		$	17,577		$	19,163
U.K. Operations		733			729			2,167			2,122
Total interest expense and amortization of deferred financing costs	$	6,318		$	7,066		$	19,744		$	21,285

Revenue by geography
U.S.	$	93,758		$	103,411		$	267,577		$	276,830
U.K.		15,859			17,260			46,813			45,207
Total revenue	$	109,617		$	120,671		$	314,390		$	322,037

Total capital expenditures
U.S. Concrete Pumping	$	818		$	3,359		$	14,509		$	24,034
U.K. Operations		4,004		$	1,434			10,388			10,335
U.S. Concrete Waste Management Services		3,845		$	3,559			9,944			8,688
Reportable segment capital expenditures		8,667			8,352			34,841			43,057
Other		-			69			2,643			109
Total capital expenditures	$	8,667		$	8,421		$	37,484		$	43,166


	*As of*		*As of*
	*July 31,*		*October 31,*
(in thousands)	*2024*		*2023*
Total Assets
U.S.	$	754,933	$	785,402
U.K.		135,857		119,123
Total Assets	$	890,790	$	904,525

Property, plant and equipment, net
U.S.	$	359,998	$	371,689
U.K.		63,488		55,959
Property, plant and equipment, net	$	423,486	$	427,648