Concrete Pumping Q1 revenue up 21% to $85.4M; net income turns positive $0.7M

Concrete Pumping Holdings, Inc.

2022-Q1 EPS reported $0.01 revenue$85,448,000

Revenue up 21.3% YoY to $85.4M; net income $0.7M ($0.01 EPS) vs net loss of $(12.8M) YoY.
Gross margin contracted to 39.9% from 42.4%, driven by rapid diesel fuel inflation.
Adjusted EBITDA $24.0M (+7.3%); margin 28.1% vs 31.7% due to inflation headwinds.
Growth investments of $19.2M related to acquisition of Pioneer Concrete Pumping assets.
Debt $391.2M; net debt $388.4M; total available liquidity $108.0M as of Jan 31, 2022.

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