Segment Information

We operate our business through four reportable segments: Electrical Infrastructure; Oil Gas & Chemical; Storage Solutions; and Industrial.

The Electrical Infrastructure segment consists of high voltage services provided to investor owned utilities, including construction of new substations, upgrades of existing substations, short-run transmission line installations, distribution 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, such as combined cycle plants, and natural gas fired power stations.

The Oil Gas & Chemical segment serves customers primarily 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 perform work in the petrochemical, upstream petroleum, and sulfur extraction, recovery and processing markets. Our services include turnarounds, plant maintenance, engineering and capital construction. We also offer industrial cleaning services including hydro-blasting, hydro-excavating, advanced chemical cleaning and vacuum services.

The Storage Solutions segment consists of work related to aboveground storage tanks ("AST") and terminals. Also included in this segment are cryogenic and other specialty storage tanks and terminals including liquefied natural gas, liquid nitrogen/liquid oxygen, liquid petroleum, other specialty vessels such as spheres as well as marine structures and truck and rail loading/offloading facilities. Our services include engineering, fabrication and construction, maintenance and repair, which includes planned and emergency services for both tanks and full terminals. Finally, we offer AST products, including geodesic domes, aluminum internal floating roofs, floating suction and skimmer systems, roof drain systems and floating roof seals.

The Industrial segment consists of work for integrated iron and steel companies, major mining and minerals companies engaged primarily in the extraction of copper, as well as other companies in aerospace and defense, cement, agriculture and grain, food and other industries. Our services include engineering, fabrication and construction, maintenance and repair, which includes planned and emergency services. We also design instrumentation and control systems and offer specialized expertise in the design and construction of bulk material handling systems.

The Company evaluates performance and allocates resources based on operating income. The accounting policies of the reportable segments are the same as those described in the Summary of Significant Accounting Policies footnote included in the Company’s Annual Report on Form 10-K for the year ended June 30, 2018. Intersegment sales and transfers are recorded at cost; therefore, no intersegment profit or loss is recognized.

Segment assets consist primarily of cash and cash equivalents, accounts receivable, CIE/BIE, property, plant and equipment, goodwill and other intangible assets.

Results of Operations

(In thousands)



	Three Months Ended
	September 30, 2018		September 30, 2017
Gross revenues
Electrical Infrastructure	$	44,701	$	79,971
Oil Gas & Chemical	75,562		85,861
Storage Solutions	113,767		71,572
Industrial	85,557		33,271
Total gross revenues	$	319,587	$	270,675
Less: Inter-segment revenues
Oil Gas & Chemical	$	71	$	208
Storage Solutions	1,005		557
Total inter-segment revenues	$	1,076	$	765
Consolidated revenues
Electrical Infrastructure	$	44,701	$	79,971
Oil Gas & Chemical	75,491		85,653
Storage Solutions	112,762		71,015
Industrial	85,557		33,271
Total consolidated revenues	$	318,511	$	269,910
Gross profit
Electrical Infrastructure	$	3,383	$	8,267
Oil Gas & Chemical	5,625		11,038
Storage Solutions	9,553		7,540
Industrial	4,860		2,046
Total gross profit	$	23,421	$	28,891
Operating income (loss)
Electrical Infrastructure	$	657	$	3,577
Oil Gas & Chemical	514		4,134
Storage Solutions	285		(75		)
Industrial	764		(315		)
Total operating income	$	2,220	$	7,321

Total assets by segment were as follows:



	September 30, 2018		June 30, 2018
Electrical Infrastructure	$	159,595	$	161,207
Oil Gas & Chemical	109,417		111,064
Storage Solutions	163,125		149,695
Industrial	61,080		58,816
Unallocated assets	93,977		77,251
Total segment assets	$	587,194	$	558,033