Concrete Pumping Q1 net loss $3.8M vs profit $6.5M a year ago; revenue $97.7M (+4%); weather impact cited

Concrete Pumping Holdings, Inc.

2024-Q1 EPS reported -$0.08 revenue$97,711,000

Net loss of $3.8M ($0.08 diluted loss per share) vs net income of $6.5M ($0.11 EPS) in Q1 FY2023.
Revenue increased 4% to $97.7M; gross profit fell 9% to $33.3M; operating income dropped to $1.5M from $9.4M.
Adjusted EBITDA declined 23% to $19.3M (margin 19.7% vs 26.8%); total debt $388M, net debt $373.3M.
CEO says severe January weather cut U.S. concrete pumping volumes by ~25% (~$7M); work normalized in February.
Board authorized a $15M increase to the existing share repurchase plan.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Concrete Pumping Holdings, Inc. reported financial results for the first quarter ended January 31, 2024.

Period: the first quarter ended January 31, 2024
Result: reported results

Exact text from the filing

On March 7, 2024, Concrete Pumping Holdings, Inc. (the “Company”) issued a press release announcing the Company’s financial results for the first quarter of fiscal year 2024.

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Concrete Pumping Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-24-006966

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