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Business Segment Information (Tables)
3 Months Ended
Jan. 31, 2023
Segment Reporting [Abstract]  
Selected Financial Information of Segments

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

 

 

 

Three Months Ended January 31, 2023

 

 

 

Fire &
Emergency

 

 

Commercial

 

 

Recreation

 

 

Corporate,
Other & Elims

 

 

Consolidated

 

Net sales

 

$

229.3

 

 

$

128.7

 

 

$

226.0

 

 

$

(0.5

)

 

$

583.5

 

Depreciation and amortization

 

$

3.1

 

 

$

0.7

 

 

$

2.6

 

 

$

0.5

 

 

$

6.9

 

Capital expenditures

 

$

1.0

 

 

$

2.0

 

 

$

0.8

 

 

$

 

 

$

3.8

 

Total assets

 

$

729.2

 

 

$

245.6

 

 

$

366.2

 

 

$

60.6

 

 

$

1,401.6

 

Adjusted EBITDA

 

$

(2.0

)

 

$

7.3

 

 

$

24.3

 

 

$

(8.3

)

 

 

 

 

 

 

Three Months Ended January 31, 2022

 

 

 

Fire &
Emergency

 

 

Commercial

 

 

Recreation

 

 

Corporate,
Other & Elims

 

 

Consolidated

 

Net sales

 

$

237.4

 

 

$

97.5

 

 

$

202.6

 

 

$

(0.5

)

 

$

537.0

 

Depreciation and amortization

 

$

4.4

 

 

$

0.8

 

 

$

3.9

 

 

$

0.5

 

 

$

9.6

 

Capital expenditures

 

$

2.4

 

 

$

0.6

 

 

$

1.1

 

 

$

0.4

 

 

$

4.5

 

Total assets

 

$

680.6

 

 

$

220.0

 

 

$

331.1

 

 

$

60.6

 

 

$

1,292.3

 

Adjusted EBITDA

 

$

1.8

 

 

$

7.8

 

 

$

17.1

 

 

$

(8.4

)

 

 

 

 

Reconciliation of Segment Adjusted EBITDA to Net Income

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

 

 

 

Three Months Ended
January 31,

 

 

 

2023

 

 

2022

 

Fire & Emergency Adjusted EBITDA

 

$

(2.0

)

 

$

1.8

 

Commercial Adjusted EBITDA

 

 

7.3

 

 

 

7.8

 

Recreation Adjusted EBITDA

 

 

24.3

 

 

 

17.1

 

Corporate and Other Adjusted EBITDA

 

 

(8.3

)

 

 

(8.4

)

Depreciation and amortization

 

 

(6.9

)

 

 

(9.6

)

Interest expense, net

 

 

(7.1

)

 

 

(3.4

)

Benefit for income taxes

 

 

5.1

 

 

 

1.8

 

Transaction expenses

 

 

(0.2

)

 

 

(0.2

)

Sponsor expense reimbursement

 

 

(0.2

)

 

 

(0.1

)

Restructuring costs

 

 

 

 

 

(3.7

)

Restructuring related charges

 

 

(5.6

)

 

 

(0.7

)

Stock-based compensation expense

 

 

(5.9

)

 

 

(2.3

)

Legal matters

 

 

(13.8

)

 

 

(0.8

)

Other items

 

 

(0.2

)

 

 

 

Net loss

 

$

(13.5

)

 

$

(0.7

)