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SEGMENT REPORTING | 3 Months Ended
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Apr. 30, 2024
SEGMENT REPORTING |
SEGMENT REPORTING | NOTE 15 – SEGMENT REPORTING Segments represent components of an enterprise for which discrete financial information is available that is evaluated regularly by the Company’s chief executive officer, who is the CODM, in determining how to allocate resources and in assessing performance. The Company’s reportable segments recognize revenues and incur expenses, are organized in separate business units with different management teams, customers, talents and services, and may include more than one operating segment. Intersegment revenues and the related cost of revenues are netted against the corresponding amounts of the segment receiving the intersegment services. For the three months ended April 30, 2024 and 2023, intersegment revenues were not material. Summarized below are certain operating results and financial position data of the Company’s reportable business segments for the three months ended April 30, 2024 and 2023. The “Other” column in each summary includes the Company’s corporate expenses. ​
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Three Months Ended | ​ | Power | ​ | Industrial | ​ | Telecom | ​ | ​ | ​ | ​
April 30, 2024 |  | Services |  | Services |  | Services |  | Other |  | Totals
Revenues | ​ | $ | 110,266 | ​ | $ | 43,699 | ​ | $ | 3,717 | ​ | $ | — | ​ | $ | 157,682
Cost of revenues | ​ |  | 98,992 | ​ |  | 37,879 | ​ |  | 2,867 | ​ |  | — | ​ |  | 139,738
Gross profit | ​ |  | 11,274 | ​ |  | 5,820 | ​ |  | 850 | ​ |  | — | ​ |  | 17,944
Selling, general and administrative expenses | ​ | ​ | 6,128 | ​ | ​ | 1,873 | ​ | ​ | 610 | ​ | ​ | 2,814 | ​ | ​ | 11,425
Income (loss) from operations | ​ | ​ | 5,146 | ​ | ​ | 3,947 | ​ | ​ | 240 | ​ | ​ | (2,814) | ​ | ​ | 6,519
Other income, net | ​ |  | 4,061 | ​ |  | 1 | ​ |  | — | ​ |  | 732 | ​ |  | 4,794
Income (loss) before income taxes | ​ | $ | 9,207 | ​ | $ | 3,948 | ​ | $ | 240 | ​ | $ | (2,082) | ​ |  | 11,313
Income tax expense | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | 3,431
Net income | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 7,882
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Amortization of intangibles | ​ | $ | — | ​ | $ | 97 | ​ | $ | — | ​ | $ | — | ​ | $ | 97
Depreciation | ​ | ​ | 137 | ​ | ​ | 245 | ​ | ​ | 97 | ​ | ​ | 1 | ​ | ​ | 480
Property, plant and equipment additions | ​ | ​ | 272 | ​ | ​ | 32 | ​ | ​ | 18 | ​ | ​ | — | ​ | ​ | 322
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Current assets | ​ | $ | 416,117 | ​ | $ | 54,170 | ​ | $ | 3,844 | ​ | $ | 100,195 | ​ | $ | 574,326
Current liabilities | ​ | ​ | 293,979 | ​ | ​ | 29,642 | ​ | ​ | 1,372 | ​ | ​ | 2,605 | ​ | ​ | 327,598
Goodwill | ​ | ​ | 18,476 | ​ | ​ | 9,467 | ​ | ​ | 90 | ​ | ​ | — | ​ | ​ | 28,033
Total assets | ​ | ​ | 443,920 | ​ | ​ | 70,792 | ​ | ​ | 6,516 | ​ | ​ | 103,180 | ​ | ​ | 624,408
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Three Months Ended | ​ | Power | ​ | Industrial | ​ | Telecom | ​ | ​ | ​ | ​
April 30, 2023 |  | Services |  | Services |  | Services |  | Other |  | Totals
Revenues | ​ | $ | 70,176 | ​ | $ | 30,307 | ​ | $ | 3,192 | ​ | $ | — | ​ | $ | 103,675
Cost of revenues | ​ |  | 60,335 | ​ |  | 26,562 | ​ |  | 2,554 | ​ |  | — | ​ |  | 89,451
Gross profit | ​ |  | 9,841 | ​ |  | 3,745 | ​ |  | 638 | ​ |  | — | ​ |  | 14,224
Selling, general and administrative expenses | ​ |  | 5,714 | ​ | ​ | 1,460 | ​ | ​ | 703 | ​ | ​ | 2,714 | ​ |  | 10,591
Income (loss) from operations | ​ | ​ | 4,127 | ​ | ​ | 2,285 | ​ | ​ | (65) | ​ | ​ | (2,714) | ​ | ​ | 3,633
Other income (loss), net | ​ |  | 2,090 | ​ |  | — | ​ |  | — | ​ |  | (2,719) | ​ |  | (629)
Income (loss) before income taxes | ​ | $ | 6,217 | ​ | $ | 2,285 | ​ | $ | (65) | ​ | $ | (5,433) | ​ |  | 3,004
Income tax expense | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | 895
Net income | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 2,109
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Amortization of intangibles | ​ | $ | — | ​ | $ | 98 | ​ | $ | — | ​ | $ | — | ​ | $ | 98
Depreciation | ​ | ​ | 128 | ​ | ​ | 304 | ​ | ​ | 114 | ​ | ​ | 1 | ​ | ​ | 547
Property, plant and equipment additions | ​ | ​ | 389 | ​ | ​ | 256 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 645
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Current assets | ​ | $ | 303,596 | ​ | $ | 43,946 | ​ | $ | 3,985 | ​ | $ | 73,474 | ​ | $ | 425,001
Current liabilities | ​ | ​ | 160,564 | ​ | ​ | 29,226 | ​ | ​ | 1,172 | ​ | ​ | 1,435 | ​ | ​ | 192,397
Goodwill | ​ | ​ | 18,476 | ​ | ​ | 9,467 | ​ | ​ | 90 | ​ | ​ | — | ​ | ​ | 28,033
Total assets | ​ | ​ | 330,736 | ​ | ​ | 61,421 | ​ | ​ | 7,071 | ​ | ​ | 76,466 | ​ | ​ | 475,694
​ ​ ​

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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