Quarterly report pursuant to Section 13 or 15(d)

Note 16 - Segment Reporting (Tables)

v3.21.2
Note 16 - Segment Reporting (Tables)
9 Months Ended
Jul. 31, 2021
Notes Tables  
Schedule of Segment Reporting Information, by Segment [Table Text Block]
   

Three Months Ended July 31,

   

Nine Months Ended July 31,

 

(in thousands)

 

2021

   

2020

   

2021

   

2020

 

Revenue

                               

U.S. Concrete Pumping

  $ 58,025     $ 58,644     $ 166,509     $ 171,209  

U.K. Operations

    12,652       9,208       34,285       28,294  

U.S. Concrete Waste Management Services

    10,122       9,390       27,552       25,978  

Corporate

    625       625       1,875       1,875  

Intersegment

    (663 )     (736 )     (2,167 )     (2,245 )

Total revenue

  $ 80,761     $ 77,131     $ 228,054     $ 225,111  
                                 

Income (loss) before income taxes

                               

U.S. Concrete Pumping

  $ 2,625     $ 497     $ (14,183 )   $ (50,430 )

U.K. Operations

    533       (81 )     305       (16,535 )

U.S. Concrete Waste Management Services

    2,458       1,685       4,492       3,149  

Corporate

    674       (2,316 )     (9,945 )     1,384  

Total income (loss) before income taxes

  $ 6,290     $ (215 )   $ (19,331 )   $ (62,432 )
   

Three Months Ended July 31,

   

Nine Months Ended July 31,

 

(in thousands)

 

2021

   

2020

   

2021

   

2020

 

EBITDA

                               

U.S. Concrete Pumping

  $ 17,178     $ 17,862     $ 30,419     $ 3,911  

U.K. Operations

    3,381       2,715       8,794       (8,038 )

U.S. Concrete Waste Management Services

    4,837       4,346       11,542       11,149  

Corporate

    885       (2,109 )     (9,318 )     2,005  

Total EBITDA

  $ 26,281     $ 22,814     $ 41,437     $ 9,027  
                                 

Consolidated EBITDA reconciliation

                               

Net income (loss)

  $ 4,638     $ 247     $ (18,505 )   $ (58,603 )

Interest expense, net

    6,153       8,364       19,082       26,632  

Income tax expense (benefit)

    1,652       (462 )     (826 )     (3,829 )

Depreciation and amortization

    13,838       14,665       41,686       44,827  

Total EBITDA

  $ 26,281     $ 22,814     $ 41,437     $ 9,027  
   

Three Months Ended July 31,

   

Nine Months Ended July 31,

 

(in thousands)

 

2021

   

2020

   

2021

   

2020

 

Depreciation and amortization

                               

U.S. Concrete Pumping

  $ 9,206     $ 9,745     $ 27,885     $ 29,893  

U.K. Operations

    2,042       2,052       6,124       6,313  

U.S. Concrete Waste Management Services

    2,379       2,661       7,050       8,000  

Corporate

    211       207       627       621  

Total depreciation and amortization

  $ 13,838     $ 14,665     $ 41,686     $ 44,827  
                                 

Interest expense, net

                               

U.S. Concrete Pumping

  $ (5,347 )   $ (7,620 )   $ (16,717 )   $ (24,448 )

U.K. Operations

    (806 )     (744 )     (2,365 )     (2,184 )

U.S. Concrete Waste Management Services

    -       -       -       -  

Corporate

    -       -       -       -  

Total interest expense, net

  $ (6,153 )   $ (8,364 )   $ (19,082 )   $ (26,632 )
                                 

Transaction and debt extinguishment costs

                               

U.S. Concrete Pumping

  $ 111     $ -     $ 15,705     $ -  

Total transaction costs including transaction-related debt extinguishment

  $ 111     $ -     $ 15,705     $ -  
Reconciliation of Assets from Segment to Consolidated [Table Text Block]
   

July 31,

   

October 31,

 

(in thousands)

 

2021

   

2020

 

Total Assets

               

U.S. Concrete Pumping

  $ 577,398     $ 570,536  

U.K. Operations

    104,641       109,726  

U.S. Concrete Waste Management Services

    143,797       140,209  

Corporate

    26,454       25,517  

Intersegment

    (70,324 )     (72,230 )

Total assets

  $ 781,966     $ 773,758  
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)

 

2021

   

2020

   

2021

   

2020

 

Revenue by Geography

                               

U.S.

  $ 68,109     $ 67,923     $ 193,769     $ 196,817  

U.K.

    12,652       9,208       34,285       28,294  

Total revenue

  $ 80,761     $ 77,131     $ 228,054     $ 225,111  
   

July 31,

   

October 31,

 

(in thousands)

 

2021

   

2020

 

Long Lived Assets

               

U.S.

  $ 267,129     $ 260,693  

U.K.

    47,461       43,561  

Total long lived assets

  $ 314,590     $ 304,254