| Schedule of Segment Information |
The following tables summarize segment information for the years ended September 30, 2024 and 2023 (in $000’s):
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Year Ended
September 30, 2024 |
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Year Ended
September 30, 2023 |
|
Net
Revenue |
|
% of
Total
Revenue |
|
Net
Revenue |
|
% of Total
Total
Revenue
|
Retail-Entertainment |
$ |
71,023 |
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|
15.0 |
% |
|
$ |
78,124 |
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|
22.0 |
% |
Retail-Flooring |
136,989 |
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|
29.0 |
% |
|
75,872 |
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|
21.4 |
% |
| Flooring manufacturing |
124,929 |
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26.4 |
% |
|
109,770 |
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|
30.9 |
% |
| Steel manufacturing |
139,566 |
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|
29.5 |
% |
|
88,912 |
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25.0 |
% |
| Corporate and other |
333 |
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|
0.1 |
% |
|
$ |
2,493 |
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|
0.7 |
% |
| Total Revenue |
$ |
472,840 |
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|
100.0 |
% |
|
$ |
355,171 |
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|
100.0 |
% |
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Year Ended September 30, |
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2024 |
|
2023 |
| Revenues |
|
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Retail - Entertainment |
$ |
71,023 |
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$ |
78,124 |
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Retail - Flooring |
136,989 |
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|
75,872 |
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| Flooring Manufacturing |
124,929 |
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109,770 |
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| Steel Manufacturing |
139,566 |
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|
88,912 |
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| Corporate & Other |
333 |
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|
2,493 |
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Total revenues |
$ |
472,840 |
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$ |
355,171 |
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| Gross profit |
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| Retail - Entertainment |
$ |
40,929 |
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$ |
42,751 |
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| Retail - Flooring |
49,177 |
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|
27,769 |
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| Flooring Manufacturing |
32,351 |
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23,891 |
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| Steel Manufacturing |
22,058 |
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20,023 |
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| Corporate & Other |
309 |
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|
1,132 |
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Total gross profit |
$ |
144,824 |
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$ |
115,566 |
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Operating income |
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| Retail - Entertainment |
$ |
7,177 |
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$ |
9,265 |
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| Retail - Flooring |
(25,520) |
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(292) |
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| Flooring Manufacturing |
8,240 |
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6,061 |
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| Steel Manufacturing |
4,584 |
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|
7,978 |
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| Corporate & Other |
(8,125) |
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(7,563) |
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Total operating income |
$ |
(13,644) |
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$ |
15,449 |
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| Depreciation and amortization |
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| Retail - Entertainment |
$ |
945 |
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$ |
1,275 |
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| Retail - Flooring |
5,229 |
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3,386 |
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| Flooring Manufacturing |
4,126 |
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4,318 |
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| Steel Manufacturing |
6,897 |
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|
4,958 |
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| Corporate & Other |
18 |
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320 |
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Total depreciation and amortization |
$ |
17,215 |
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$ |
14,257 |
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| Interest expense, net |
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| Retail - Entertainment |
$ |
299 |
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$ |
568 |
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| Retail - Flooring |
5,075 |
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3,412 |
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| Flooring Manufacturing |
4,260 |
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|
4,040 |
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| Steel Manufacturing |
6,341 |
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|
4,040 |
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| Corporate & Other |
872 |
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|
681 |
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Total interest expense, net |
$ |
16,847 |
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$ |
12,741 |
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| Income before provision for income taxes |
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| Retail - Entertainment |
$ |
6,980 |
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$ |
8,738 |
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| Retail - Flooring |
(31,658) |
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(4,231) |
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| Flooring Manufacturing |
3,482 |
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|
1,561 |
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| Steel Manufacturing |
(4,341) |
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|
985 |
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| Corporate & Other |
(5,806) |
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(5,584) |
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Total (loss) income before provision for income taxes |
$ |
(31,343) |
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$ |
1,469 |
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Year Ended September 30, |
| Total Assets |
2024 |
|
2023 |
| Retail-Entertainment |
$ |
77,741 |
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$ |
74,086 |
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| Retail-Flooring |
91,061 |
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|
103,108 |
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| Flooring manufacturing |
89,300 |
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|
85,879 |
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| Steel manufacturing |
131,174 |
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|
135,853 |
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| Corporate and other |
18,271 |
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|
22,889 |
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| Consolidated totals |
$ |
407,547 |
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$ |
421,815 |
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