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Segment Information (Notes)
3 Months Ended
Sep. 30, 2023
Segment Reporting [Abstract]  
Segment Information Segment Information
We report our results of operations through three reportable segments: Storage and Terminal Solutions, Utility and Power Infrastructure, and Process and Industrial Facilities.
Storage and Terminal Solutions: primarily consists of engineering, procurement, fabrication, and construction services related to cryogenic and other specialty tanks and terminals for LNG, NGLs, hydrogen, ammonia, propane, butane, liquid nitrogen/liquid oxygen, and liquid petroleum. We also perform work related to traditional aboveground crude oil and refined product storage tanks and terminals. This segment also includes terminal balance of plant work, truck and rail loading/offloading facilities, and marine structures as well as storage tank and terminal maintenance and repair. Finally, we manufacture and sell precision engineered specialty tank products, including geodesic domes, aluminum internal floating roofs, floating suction and skimmer systems, roof drain systems and floating roof seals.
Utility and Power Infrastructure: primarily consists of engineering, procurement, fabrication, and construction services to support growing demand for LNG utility peak shaving facilities. We also perform traditional electrical work for public and private utilities, including construction of new substations, upgrades of existing substations, transmission and distribution line installations, and upgrades and maintenance including live wire work. Work may also include emergency and storm restoration services. We also provide construction services to a variety of power generation facilities, including natural gas fired facilities in simple or combined cycle configurations.
Process and Industrial Facilities: primarily consists of plant maintenance, repair, and turnarounds in the downstream and midstream markets for energy clients including refining and processing of crude oil, fractionating, and marketing of natural gas and natural gas liquids. We also perform engineering, procurement, fabrication, and construction for refinery upgrades and retrofits for renewable fuels. We also construct thermal vacuum test chambers for aerospace and defense industries and other infrastructure for industries including petrochemical, sulfur, mining and minerals primarily in the extraction of non-ferrous metals, cement, agriculture, wastewater treatment facilities and other industrial customers.

We evaluate performance and allocate resources based on operating income. We eliminate intersegment sales; therefore, no intercompany profit or loss is recognized. Corporate selling, general and administrative expenses are excluded from our three reportable segments in order to align controllable costs with the responsibility of segment management, and to be consistent with how our chief operating decision-maker assesses segment performance and allocates resources. Segment assets consist primarily of accounts receivable, costs and estimated earnings in excess of billings on uncompleted contracts, property, plant and equipment, right-of-use lease assets, goodwill and other intangible assets.
Results of Operations
(In thousands)
 Three Months Ended
 September 30,
2023
September 30,
2022
Gross revenue
Storage and Terminal Solutions$90,979 $77,290 
Utility and Power Infrastructure32,395 44,870 
Process and Industrial Facilities75,138 86,745 
Total gross revenue$198,512 $208,905 
Less: Inter-segment revenue
Storage and Terminal Solutions$835 $357 
Process and Industrial Facilities18 117 
Total inter-segment revenue$853 $474 
Consolidated revenue
Storage and Terminal Solutions$90,144 $76,933 
Utility and Power Infrastructure32,395 44,870 
Process and Industrial Facilities75,120 86,628 
Total consolidated revenue$197,659 $208,431 
Gross profit (loss)
Storage and Terminal Solutions$4,953 $7,564 
Utility and Power Infrastructure3,697 1,714 
Process and Industrial Facilities5,078 4,330 
Corporate(1,869)(600)
Total gross profit$11,859 $13,008 
Selling, general and administrative expenses
Storage and Terminal Solutions$4,629 $4,158 
Utility and Power Infrastructure1,548 1,738 
Process and Industrial Facilities3,087 4,070 
Corporate7,849 6,845 
Total selling, general and administrative expenses$17,113 $16,811 
Restructuring costs
Storage and Terminal Solutions$— $522 
Utility and Power Infrastructure— 37 
Process and Industrial Facilities— 315 
Corporate— 413 
Total restructuring costs$— $1,287 
Operating income (loss)
Storage and Terminal Solutions$324 $2,884 
Utility and Power Infrastructure2,149 (61)
Process and Industrial Facilities1,991 (55)
Corporate(9,718)(7,858)
Total operating loss$(5,254)$(5,090)
Total assets by segment were as follows (in thousands):
September 30,
2023
June 30,
2023
Storage and Terminal Solutions$148,791 $139,333 
Utility and Power Infrastructure52,143 67,630 
Process and Industrial Facilities99,673 90,514 
Corporate81,671 103,027 
Total segment assets$382,278 $400,504