Concrete Pumping Holdings swings to Q4 net income of $2.8M; guides FY2022 rev $340-360M

Concrete Pumping Holdings, Inc.

Q4 revenue $87.8M (+11% YoY); net income $2.8M vs loss of $3.1M; diluted EPS $0.05 vs –$0.06.
FY2021 revenue $315.8M (+4% YoY); net loss improved to $16.8M from $63.2M; diluted EPS –$0.31 vs –$1.20.
Q4 Adjusted EBITDA $28.3M (32.2% margin) vs $29.9M; FY2021 Adj. EBITDA $104.3M (33.0% margin).
FY2022 guidance: revenue $340-$360M, Adjusted EBITDA $110-$120M.
Q4 included $14.1M growth investments for asset acquisitions; total liquidity $129.9M as of Oct 31, 2021.

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