Concrete Pumping Holdings, Inc. (BBCP): auditor change — Concrete Pumping Holdings restates Q3 FY2022 financials on $2.0M payroll accrual error

Concrete Pumping Holdings, Inc.

Audit Committee determined July 31, 2022 unaudited financials should no longer be relied upon.
Restatement reduces pretax income and adjusted EBITDA by $2.0M ($1.4M cost of sales, $0.6M G&A).
No impact on revenue, liquidity, assets, cash, or cash flows; FY2022 outlook unchanged.
Company plans to file amended Form 10-Q concurrently with this 8-K.

item 4.02 item 7.01

Key facts

Extracted from this filing and checked against the source text.

Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.9

Concrete Pumping Holdings, Inc. reported that prior financial statements should not be relied upon.

Action: non reliance

Exact text from the filing

On December 8, 2022, the Audit Committee of the Board of Directors of Concrete Pumping Holdings, Inc. (the “ Company ”) concluded that the previously issued unaudited consolidated financial statements of the Company as of and for the three and nine months ended July 31, 2022 (the “ Restated Period ”) should be restated and, therefore, should no longer be relied upon

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Concrete Pumping Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-22-028985

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