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Business Segment Information (Tables)
9 Months Ended
Jul. 31, 2022
Segment Reporting [Abstract]  
Selected Financial Information of Segments

Selected financial information of the Company’s segments is as follows:

 

 

 

Three Months Ended July 31, 2022

 

 

 

Fire &
Emergency

 

 

Commercial

 

 

Recreation

 

 

Corporate,
Other & Elims

 

 

Consolidated

 

Net sales

 

$

230.1

 

 

$

111.0

 

 

$

254.1

 

 

$

(0.4

)

 

$

594.8

 

Depreciation and amortization

 

$

2.8

 

 

$

0.7

 

 

$

2.8

 

 

$

0.6

 

 

$

6.9

 

Capital expenditures

 

$

3.3

 

 

$

0.5

 

 

$

2.6

 

 

$

1.0

 

 

$

7.4

 

Total assets

 

$

684.8

 

 

$

234.7

 

 

$

354.7

 

 

$

58.0

 

 

$

1,332.2

 

Adjusted EBITDA

 

$

1.0

 

 

$

6.8

 

 

$

29.8

 

 

$

(8.1

)

 

 

 

 

 

 

Three Months Ended July 31, 2021

 

 

 

Fire &
Emergency

 

 

Commercial

 

 

Recreation

 

 

Corporate,
Other & Elims

 

 

Consolidated

 

Net sales

 

$

269.5

 

 

$

111.3

 

 

$

212.5

 

 

$

 

 

$

593.3

 

Depreciation and amortization

 

$

2.9

 

 

$

0.7

 

 

$

3.5

 

 

$

0.5

 

 

$

7.6

 

Capital expenditures

 

$

2.8

 

 

$

 

 

$

1.6

 

 

$

0.9

 

 

$

5.3

 

Total assets

 

$

676.7

 

 

$

194.0

 

 

$

314.0

 

 

$

68.2

 

 

$

1,252.9

 

Adjusted EBITDA

 

$

15.8

 

 

$

9.7

 

 

$

24.1

 

 

$

(8.0

)

 

 

 

 

 

 

Nine Months Ended July 31, 2022

 

 

 

Fire &
Emergency

 

 

Commercial

 

 

Recreation

 

 

Corporate,
Other & Elims

 

 

Consolidated

 

Net sales

 

$

712.5

 

 

$

299.2

 

 

$

697.7

 

 

$

(1.3

)

 

$

1,708.1

 

Depreciation and amortization

 

$

11.2

 

 

$

2.2

 

 

$

10.1

 

 

$

1.7

 

 

$

25.2

 

Capital expenditures

 

$

7.5

 

 

$

1.5

 

 

$

5.2

 

 

$

1.7

 

 

$

15.9

 

Total assets

 

$

684.8

 

 

$

234.7

 

 

$

354.7

 

 

$

58.0

 

 

$

1,332.2

 

Adjusted EBITDA

 

$

0.6

 

 

$

19.0

 

 

$

75.6

 

 

$

(23.6

)

 

 

 

 

 

 

Nine Months Ended July 31, 2021

 

 

 

Fire &
Emergency

 

 

Commercial

 

 

Recreation

 

 

Corporate,
Other & Elims

 

 

Consolidated

 

Net sales

 

$

857.7

 

 

$

292.8

 

 

$

640.5

 

 

$

(0.1

)

 

$

1,790.9

 

Depreciation and amortization

 

$

9.0

 

 

$

2.2

 

 

$

10.7

 

 

$

2.3

 

 

$

24.2

 

Capital expenditures

 

$

7.7

 

 

$

1.1

 

 

$

2.9

 

 

$

2.2

 

 

$

13.9

 

Total assets

 

$

676.7

 

 

$

194.0

 

 

$

314.0

 

 

$

68.2

 

 

$

1,252.9

 

Adjusted EBITDA

 

$

47.6

 

 

$

25.1

 

 

$

64.3

 

 

$

(26.6

)

 

 

 

Reconciliation of Segment Adjusted EBITDA to Net Income

Provided below is a reconciliation of segment Adjusted EBITDA to net income:

 

 

 

Three Months Ended
July 31,

 

 

Nine Months Ended
July 31,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Fire & Emergency Adjusted EBITDA

 

$

1.0

 

 

$

15.8

 

 

$

0.6

 

 

$

47.6

 

Commercial Adjusted EBITDA

 

 

6.8

 

 

 

9.7

 

 

 

19.0

 

 

 

25.1

 

Recreation Adjusted EBITDA

 

 

29.8

 

 

 

24.1

 

 

 

75.6

 

 

 

64.3

 

Corporate and Other Adjusted EBITDA

 

 

(8.1

)

 

 

(8.0

)

 

 

(23.6

)

 

 

(26.6

)

Depreciation and amortization

 

 

(6.9

)

 

 

(7.6

)

 

 

(25.2

)

 

 

(24.2

)

Interest expense, net

 

 

(4.3

)

 

 

(3.4

)

 

 

(11.2

)

 

 

(14.4

)

Provision for income taxes

 

 

(3.4

)

 

 

(2.4

)

 

 

(1.2

)

 

 

(9.6

)

Transaction expenses

 

 

(0.1

)

 

 

(0.5

)

 

 

(0.6

)

 

 

(3.2

)

Sponsor expense reimbursement

 

 

 

 

 

 

 

 

(0.1

)

 

 

(0.2

)

Restructuring costs

 

 

(2.3

)

 

 

 

 

 

(8.9

)

 

 

(1.0

)

Restructuring related charges

 

 

 

 

 

 

 

 

(5.1

)

 

 

(0.3

)

Stock-based compensation expense

 

 

(1.8

)

 

 

(1.9

)

 

 

(6.3

)

 

 

(5.5

)

Legal matters

 

 

(1.2

)

 

 

(2.8

)

 

 

(6.4

)

 

 

(3.1

)

Loss on early extinguishment of debt

 

 

 

 

 

 

 

 

 

 

 

(1.4

)

Net gain (loss) on sale of assets and business held for sale

 

 

 

 

 

1.0

 

 

 

(0.1

)

 

 

(1.7

)

Loss on acquisition of business

 

 

 

 

 

 

 

 

 

 

 

(0.4

)

Losses attributable to assets held for sale

 

 

 

 

 

(0.3

)

 

 

 

 

 

(1.0

)

Net income

 

$

9.5

 

 

$

23.7

 

 

$

6.5

 

 

$

44.4