secwatch.observer — SEC 8-K summary
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Issuer:     Concrete Pumping Holdings, Inc. (BBCP)
CIK:        0001703956
Form:       8-K
Filed at:   2024-03-07T23:59:59+00:00
Accession:  0001437749-24-006966
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1703956/000143774924006966/0001437749-24-006966-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1703956/000143774924006966/bbpp20240124c_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-006966

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