Concrete Pumping Holdings Q3 revenue up 29%; raises FY revenue outlook

Concrete Pumping Holdings, Inc.

2022-Q3 EPS reported $0.35 revenue$286,398,000

Revenue $104.5M, +29.4% YoY; net income $14.1M ($0.24 diluted EPS) vs $4.1M ($0.07 EPS).
Adjusted EBITDA $32.6M, +14.7% from $28.5M; margin 31.2% vs 35.2%.
Debt $391.9M outstanding, net debt $389.4M; available liquidity $134.1M.
Full-year revenue outlook raised (specifics not detailed in release); headwinds from diesel inflation easing.
Acquired Coastal Carolina Pumping in August; greenfield expansion in Washington D.C. in July.

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