Concrete Pumping Q2 revenue up 25.5% to $96.5M; net income $5.6M vs loss; $10M buyback authorized

Concrete Pumping Holdings, Inc.

2022-Q2 EPS reported $0.11 revenue$181,930,000

Revenue $96.5M (+25.5% YoY); gross profit $38.9M (+16.9%); net income $5.6M vs ($11.4M) loss.
Adjusted EBITDA $27.7M (+10.5%), margin 28.7% vs 32.6%; headwinds from diesel inflation.
Three tuck-in acquisitions for $11.4M in Southern US and UK to expand geographic footprint.
Board authorized $10M share repurchase program; net debt $402.2M, liquidity $96.4M.
CEO cites double-digit growth across all segments; expects momentum to continue in H2 FY2022.

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