Concrete Pumping Holdings, Inc. Annual report [Section 13 and 15(d), not S-K Item 405]

Note 19 - Segment Reporting (Tables)

12 Months Ended

Oct. 31, 2025

	Twelve Months Ended October 31, 2025
(in thousands)	US Concrete Pumping		US Concrete Waste Management Services		UK Operations		Other / Eliminations			Total
Segment Revenue: ⁽¹⁾	$	260,454	$	75,416	$	56,997				$	392,867

Segment expenses:
Segment employee cost of operations expenses ⁽²⁾⁽³⁾		88,073		13,193		18,142					119,408
Repairs & maintenance ⁽²⁾		20,014		3,908		3,352					27,274
Fuel ⁽²⁾		13,988		3,062		4,948					21,998
Segment employee G&A expenses ⁽²⁾⁽⁴⁾		28,981		9,463		5,930					44,374
Other segment items ⁽⁵⁾		33,307		9,030		7,366					49,703
Total segment adjusted EBITDA	$	76,091	$	36,760	$	17,259				$	130,110

Reconciliation of segment adjusted EBITDA to income before taxes:
Depreciation and amortization⁽⁶⁾										$	53,543
Interest expense and amortization of deferred financing costs, net of interest income											30,422
Unallocated corporate expenses											33,093
Loss on debt extinguishment											1,392
Stock-based compensation											2,048
Other expense (income), net											(335	)
Other adjustments											(105	)
Income before taxes										$	10,052

Other segment disclosures:
Total assets (at year end)	$	697,270	$	200,729	$	122,360	$	(140,817	)	$	879,542
Capital expenditures	$	23,526	$	13,196	$	9,975	$	90		$	46,787

	*Twelve Months Ended October 31, 2024*
(in thousands)	*US Concrete Pumping*		*US Concrete Waste Management Services*		*UK Operations*		Other / Eliminations			*Total*
Segment Revenue: ⁽¹⁾	$	291,017	$	70,900	$	63,955				$	425,872

Segment expenses:
Segment employee cost of operations expenses ⁽²⁾⁽³⁾		96,180		12,035		18,971					127,186
Repairs & maintenance ⁽²⁾		20,875		3,309		4,173					28,357
Fuel ⁽²⁾		16,991		2,838		5,793					25,622
Segment employee G&A expenses ⁽²⁾⁽⁴⁾		32,530		9,579		6,060					48,169
Other segment items ⁽⁵⁾		36,086		11,937		9,144					57,167
Total segment adjusted EBITDA	$	88,355	$	31,202	$	19,814				$	139,371

Reconciliation of segment adjusted EBITDA to income before taxes:
Depreciation and amortization ⁽⁶⁾										$	57,110
Interest expense and amortization of deferred financing costs, net of interest income											25,572
Unallocated corporate expense											27,225
Stock-based compensation											2,394
Change in fair value of warrant liabilities											(130	)
Other expense (income), net											(406	)
Other adjustments											3,295
Income before taxes										$	24,311

Other segment disclosures:
Total assets (at year end)	$	718,218	$	192,747	$	117,418	$	(130,393	)	$	897,990
Capital expenditures	$	15,274	$	13,665	$	12,181	$	2,690		$	43,810

(in thousands)		US		UK		*Total*
2025
	Revenue	$	335,870	$	56,997	$	392,867
	Total assets		757,182		122,360		879,542
	Property, plant and equipment, net		350,468		62,048		412,516
	Intangible assets, net		88,138		5,795		93,933
	Goodwill		196,615		26,966		223,581
2024
	Revenue	$	361,917	$	63,955	$	425,872
	Total assets		780,572		117,418		897,990
	Property, plant and equipment, net		353,895		61,831		415,726
	Intangible assets, net		98,251		7,361		105,612
	Goodwill		196,615		26,381		222,996