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

Note 17 - Segment Reporting (Tables)

9 Months Ended

Jul. 31, 2020

	*Successor*												*Predecessor*
(in thousands)	*Three Months Ended July 31, 2020*			*Three Months Ended July 31, 2019*			*Nine Months Ended July 31, 2020*			*December 6, 2018 through July 31, 2019*			*November 1, 2018 through December 5, 2018*
Revenue
U.S. Concrete Pumping	$	58,644		$	58,354		$	171,209		$	124,969		$	16,659
U.K. Operations		9,208			12,492			28,294			30,996			5,143
U.S. Concrete Waste Management Services		9,390			7,967			25,978			18,806			2,628
Corporate		625			626			1,875			1,634			242
Intersegment		(736	)		(784	)		(2,245	)		(1,792	)		(276	)
	$	77,131		$	78,655		$	225,111		$	174,613		$	24,396

Income (loss) before income taxes
U.S. Concrete Pumping	$	497		$	(1,050	)	$	(50,430	)	$	(14,946	)	$	(27,354	)
U.K. Operations		(81	)		1,353			(16,535	)		290			207
U.S. Concrete Waste Management Services		1,685			329			3,149			(85	)		225
Corporate		418			208			1,254			1,113			155
	$	2,519		$	840		$	(62,562	)	$	(13,628	)	$	(26,767	)

	*Successor*												*Predecessor*
(in thousands)	*Three Months Ended July 31, 2020*			*Three Months Ended July 31, 2019*			*Nine Months Ended July 31, 2020*			*December 6, 2018 through July 31, 2019*			*November 1, 2018 through December 5, 2018*
EBITDA
U.S. Concrete Pumping	$	17,862		$	17,934		$	3,911		$	29,283		$	(24,565	)
U.K. Operations		2,715			5,013			(8,038	)		9,445			1,587
U.S. Concrete Waste Management Services		4,346			3,587			11,149			7,748			388
Corporate		625			626			1,875			1,633			180
	$	25,548		$	27,160		$	8,897		$	48,109		$	(22,410	)

Consolidated EBITDA reconciliation
Net income (loss)	$	2,981		$	2,762		$	(58,733	)	$	(10,513	)	$	(22,575	)
Interest expense, net		8,364			9,843			26,632			24,753			1,644
Income tax benefit		(462	)		(1,922	)		(3,829	)		(3,115	)		(4,192	)
Depreciation and amortization		14,665			16,477			44,827			36,984			2,713
EBITDA	$	25,548		$	27,160		$	8,897		$	48,109		$	(22,410	)

	*Successor*												*Predecessor*
(in thousands)	*Three Months Ended July 31, 2020*			*Three Months Ended July 31, 2019*			*Nine Months Ended July 31, 2020*			*December 6, 2018 through July 31, 2019*			*November 1, 2018 through December 5, 2018*
Depreciation and amortization
U.S. Concrete Pumping	$	9,745		$	9,938		$	29,893		$	21,471		$	1,635
U.K. Operations		2,052			2,864			6,313			7,161			890
U.S. Concrete Waste Management Services		2,661			3,257			8,000			7,832			163
Corporate		207			418			621			520			25
	$	14,665		$	16,477		$	44,827		$	36,984		$	2,713

Interest expense, net
U.S. Concrete Pumping	$	(7,620	)	$	(9,046	)	$	(24,448	)	$	(22,758	)	$	(1,154	)
U.K. Operations		(744	)		(796	)		(2,184	)		(1,994	)		(490	)
U.S. Concrete Waste Management Services		-			(1	)		-			(1	)		-
Corporate		-			-			-			-			-
	$	(8,364	)	$	(9,843	)	$	(26,632	)	$	(24,753	)	$	(1,644	)

Transaction costs including transaction-related debt extinguishment
U.S. Concrete Pumping	$	-		$	1,458		$	-		$	1,458		$	-
Corporate		-			(1,282	)		-			-			30,562
	$	-		$	176		$	-		$	1,458		$	30,562

	*July 31,*			*October 31,*
(in thousands)	*2020*			*2019*
Total Assets
U.S. Concrete Pumping	$	583,810		$	637,384
U.K. Operations		122,986			138,435
U.S. Concrete Waste Management Services		138,718			137,646
Corporate		25,139			24,223
Intersegment		(83,136	)		(66,323	)
	$	787,517		$	871,365