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 other 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, and 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 companies in other industries, including aerospace and defense, cement, and agriculture and grain. Our services include engineering, fabrication and construction, and 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					Nine Months Ended
	March 31, 2019		March 31, 2018			March 31, 2019		March 31, 2018
Gross revenues
Electrical Infrastructure	$	60,669	$	58,378		$	163,543	$	203,201
Oil Gas & Chemical	83,414		68,689			246,497		242,946
Storage Solutions	134,822		78,859			374,787		221,664
Industrial	81,283		41,976			237,225		134,507
Total gross revenues	$	360,188	$	247,902		$	1,022,052	$	802,318
Less: Inter-segment revenues
Oil Gas & Chemical	$	870	$	299		$	2,175	$	544
Storage Solutions	431		1,958			1,911		3,307
Industrial	—		—			—		1
Total inter-segment revenues	$	1,301	$	2,257		$	4,086	$	3,852
Consolidated revenues
Electrical Infrastructure	$	60,669	$	58,378		$	163,543	$	203,201
Oil Gas & Chemical	82,544		68,390			244,322		242,402
Storage Solutions	134,391		76,901			372,876		218,357
Industrial	81,283		41,976			237,225		134,506
Total consolidated revenues	$	358,887	$	245,645		$	1,017,966	$	798,466
Gross profit
Electrical Infrastructure	$	6,210	$	1,759		$	13,155	$	15,567
Oil Gas & Chemical	10,736		4,744			25,518		27,550
Storage Solutions	14,575		4,166			35,275		17,004
Industrial	5,385		4,222			14,265		10,364
Total gross profit	$	36,906	$	14,891		$	88,213	$	70,485
Operating income (loss)
Electrical Infrastructure	$	2,882	$	(2,422	)	$	3,977	$	2,234
Oil Gas & Chemical	4,796		(648		)	8,895		8,684
Storage Solutions	3,730		(4,025		)	5,371		(6,709		)
Industrial	1,386		1,233			2,298		2,424
Total operating income (loss)	$	12,794	$	(5,862	)	$	20,541	$	6,633

Total assets by segment were as follows:



	March 31, 2019		June 30, 2018
Electrical Infrastructure	$	152,631	$	161,207
Oil Gas & Chemical	121,978		111,064
Storage Solutions	215,197		149,695
Industrial	74,666		58,816
Unallocated assets	66,961		77,251
Total segment assets	$	631,433	$	558,033