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v3.23.2

Business Segment Information (Tables) | 9 Months Ended
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Jul. 31, 2023
Segment Reporting [Abstract] |
Selected Financial Information of Segments | Selected financial information of the Company’s segments is as follows:
|  | Three Months Ended July 31, 2023 |
|  | Fire & Emergency |  |  | Commercial |  |  | Recreation |  |  | Corporate, Other & Elims |  |  | Consolidated |
Net sales |  | $ | 322.9 |  |  | $ | 143.3 |  |  | $ | 214.5 |  |  | $ | (0.7 | ) |  | $ | 680.0 |
Depreciation and amortization |  | $ | 3.2 |  |  | $ | 0.8 |  |  | $ | 1.7 |  |  | $ | 0.6 |  |  | $ | 6.3 |
Capital expenditures |  | $ | 4.3 |  |  | $ | 1.8 |  |  | $ | 1.4 |  |  | $ | 1.6 |  |  | $ | 9.1 |
Total assets |  | $ | 728.5 |  |  | $ | 234.5 |  |  | $ | 365.5 |  |  | $ | 51.0 |  |  | $ | 1,379.5 |
Adjusted EBITDA |  | $ | 18.1 |  |  | $ | 11.6 |  |  | $ | 18.4 |  |  | $ | (8.7 | ) |  |  |
|  | 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 | ) |  |  |
|  | Nine Months Ended July 31, 2023 |
|  | Fire & Emergency |  |  | Commercial |  |  | Recreation |  |  | Corporate, Other & Elims |  |  | Consolidated |
Net sales |  | $ | 835.3 |  |  | $ | 413.9 |  |  | $ | 697.1 |  |  | $ | (1.6 | ) |  | $ | 1,944.7 |
Depreciation and amortization |  | $ | 9.4 |  |  | $ | 2.3 |  |  | $ | 6.3 |  |  | $ | 1.7 |  |  | $ | 19.7 |
Capital expenditures |  | $ | 8.0 |  |  | $ | 4.7 |  |  | $ | 4.5 |  |  | $ | 2.5 |  |  | $ | 19.7 |
Total assets |  | $ | 728.5 |  |  | $ | 234.5 |  |  | $ | 365.5 |  |  | $ | 51.0 |  |  | $ | 1,379.5 |
Adjusted EBITDA |  | $ | 25.6 |  |  | $ | 29.6 |  |  | $ | 71.9 |  |  | $ | (24.5 | ) |  |  |
|  | 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 | ) |  |  |
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, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Fire & Emergency Adjusted EBITDA |  | $ | 18.1 |  |  | $ | 1.0 |  |  | $ | 25.6 |  |  | $ | 0.6 |
Commercial Adjusted EBITDA |  |  | 11.6 |  |  |  | 6.8 |  |  |  | 29.6 |  |  |  | 19.0 |
Recreation Adjusted EBITDA |  |  | 18.4 |  |  |  | 29.8 |  |  |  | 71.9 |  |  |  | 75.6 |
Corporate and Other Adjusted EBITDA |  |  | (8.7 | ) |  |  | (8.1 | ) |  |  | (24.5 | ) |  |  | (23.6 | )
Depreciation and amortization |  |  | (6.3 | ) |  |  | (6.9 | ) |  |  | (19.7 | ) |  |  | (25.2 | )
Interest expense, net |  |  | (7.3 | ) |  |  | (4.3 | ) |  |  | (21.9 | ) |  |  | (11.2 | )
Provision for income taxes |  |  | (3.5 | ) |  |  | (3.4 | ) |  |  | (4.2 | ) |  |  | (1.2 | )
Transaction expenses |  |  | (0.1 | ) |  |  | (0.1 | ) |  |  | (0.5 | ) |  |  | (0.6 | )
Sponsor expense reimbursement |  |  | — |  |  |  | — |  |  |  | (0.2 | ) |  |  | (0.1 | )
Restructuring costs |  |  | — |  |  |  | (2.3 | ) |  |  | — |  |  |  | (8.9 | )
Restructuring related charges |  |  | (1.9 | ) |  |  | — |  |  |  | (10.5 | ) |  |  | (5.1 | )
Stock-based compensation expense |  |  | (3.5 | ) |  |  | (1.8 | ) |  |  | (11.0 | ) |  |  | (6.3 | )
Legal matters |  |  | (1.1 | ) |  |  | (1.2 | ) |  |  | (16.6 | ) |  |  | (6.4 | )
Loss on sale of business |  |  | — |  |  |  | — |  |  |  | (1.1 | ) |  |  | (0.1 | )
Other items |  |  | (0.8 | ) |  |  | — |  |  |  | (1.3 | ) |  |  | — |
Net income |  | $ | 14.9 |  |  | $ | 9.5 |  |  | $ | 15.6 |  |  | $ | 6.5 |

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