Segment Information (Notes)

3 Months Ended

Sep. 30, 2021

Segment Reporting [Abstract]

Segment Information

Segment Information

We report our results of operations through three reportable segments: Utility and Power Infrastructure, Process and Industrial Facilities, and Storage and Terminal Solutions.

•Utility and Power Infrastructure: consists of power delivery services provided to investor owned utilities, including construction of new substations, upgrades of existing substations, transmission and distribution line installations, upgrades and maintenance, as well as emergency and storm restoration services. We also provide construction and maintenance services to a variety of power generation facilities, including natural gas fired facilities in simple or combined cycle configuration, and provide engineering, fabrication, and construction services for LNG utility peak shaving facilities.

•Process and Industrial Facilities: primarily serves customers in the downstream and midstream petroleum industries who are engaged in refining crude oil and processing, fractionating, and marketing of natural gas and natural gas liquids. We also serve customers in various other industries such as petrochemical, sulfur, mining and minerals companies engaged primarily in the extraction of non-ferrous metals, aerospace and defense, cement, agriculture, and other industrial customers. Our services include plant maintenance, turnarounds, industrial cleaning services, engineering, fabrication, and capital construction.

•Storage and Terminal Solutions: consists of work related to aboveground storage tanks and terminals. We also include work related to cryogenic and other specialty storage tanks and terminals, including LNG, liquid nitrogen/liquid oxygen, liquid petroleum, hydrogen and other specialty vessels such as spheres in this segment, as well as work related to marine structures and truck and rail loading/offloading facilities. Our services include engineering, fabrication, construction, and maintenance and repair, which includes planned and emergency services for both tanks and full terminals. Finally, we offer tank products, including geodesic domes, aluminum internal floating roofs, floating suction and skimmer systems, roof drain systems and floating roof seals.

We evaluate performance and allocate resources based on operating income. We record intersegment sales and transfers at cost; therefore, no intercompany profit or loss is recognized. In addition, corporate selling, general and administrative expenses are reported separately from the three reportable segments.

Segment assets consist primarily of accounts receivable, costs and estimated earnings in excess of billings on uncompleted contracts, property, plant and equipment, right-of-use lease assets, goodwill and other intangible assets.

Results of Operations

(In thousands)

	Three Months Ended
	September 30, 2021		September 30, 2020
Gross revenue
Utility and Power Infrastructure	$	57,204	$	60,671
Process and Industrial Facilities	45,210		46,728
Storage and Terminal Solutions	68,312		77,596
Total gross revenue	$	170,726	$	184,995
Less: Inter-segment revenue
Process and Industrial Facilities	$	1,305	$	797
Storage and Terminal Solutions	1,328		1,427
Total inter-segment revenue	$	2,633	$	2,224
Consolidated revenue
Utility and Power Infrastructure	$	57,204	$	60,671
Process and Industrial Facilities	43,905		45,931
Storage and Terminal Solutions	66,984		76,169
Total consolidated revenue	$	168,093	$	182,771
Gross profit (loss)
Utility and Power Infrastructure	$	(6,107)	$	6,913
Process and Industrial Facilities	2,871		3,659
Storage and Terminal Solutions	413		3,778
Corporate	(685)		—
Total gross profit (loss)	$	(3,508)	$	14,350
Selling, general and administrative expenses
Utility and Power Infrastructure	$	3,050	$	2,222
Process and Industrial Facilities	2,762		4,050
Storage and Terminal Solutions	4,506		5,143
Corporate	6,311		6,713
Total selling, general and administrative expenses	$	16,629	$	18,128
Restructuring costs
Utility and Power Infrastructure	$	9	$	11
Process and Industrial Facilities	7		(500)
Storage and Terminal Solutions	(33)		13
Corporate	622		156
Total restructuring costs	$	605	$	(320)
Operating income (loss)
Utility and Power Infrastructure	$	(9,166)	$	4,680
Process and Industrial Facilities	102		109
Storage and Terminal Solutions	(4,060)		(1,378)
Corporate	(7,618)		(6,869)
Total operating loss	$	(20,742)	$	(3,458)

Total assets by segment were as follows:

	September 30, 2021		June 30, 2021
Utility and Power Infrastructure	$	107,077	$	81,717
Process and Industrial Facilities	80,315		106,619
Storage and Terminal Solutions	155,730		160,782
Corporate	107,155		118,438
Total segment assets	$	450,277	$	467,556