Concrete Pumping Hldgs Inc - BBCP STOCK NEWS

Concrete Pumping Holdings reported a 10% revenue growth to $93.6 million for Q1 FY2023, up from $85.4 million. Gross profit rose 7% to $36.5 million, with net income increasing significantly to $6.5 million from $1.2 million. The company’s Adjusted EBITDA also grew by 7% to $25.0 million, with a margin slightly declining to 26.8%. The U.S. Concrete Waste Management segment excelled with a 32% revenue increase. The company pursued M&A by acquiring Cherokee Pumping and Cherokee Materials for $6.3 million. Despite higher operational costs, the outlook for FY2023 anticipates revenues between $420 million and $445 million.

Concrete Pumping Holdings (BBCP) will hold a conference call on March 9, 2023, at 5:00 p.m. Eastern time to discuss its financial results for the first quarter ended January 31, 2023. The call will feature CEO Bruce Young and CFO Iain Humphries, followed by a Q&A session. Interested participants can join via the provided toll-free or international dial-in numbers, with a replay available until March 15, 2023. Concrete Pumping Holdings is a top provider of concrete pumping and waste management services, operating notable brands in the U.S. and U.K., including Brundage-Bone, Camfaud, and Eco-Pan.

Concrete Pumping Holdings reported strong financial results for Q4 and fiscal year 2022. Revenue surged by 31% in Q4 to $114.9 million, driven by organic growth and acquisitions, leading to a 170% increase in net income, reaching $8.1 million or $0.14 per diluted share. For the fiscal year, revenue rose 27% to $401.3 million, with net income improving to $26.9 million. The company launched a $10 million increase to its share repurchase plan, reflecting its commitment to shareholder value. However, liquidity decreased to $111.2 million due to recent acquisitions.

Concrete Pumping Holdings (Nasdaq: BBCP) will host a conference call on January 23, 2023, at 5:00 p.m. ET to discuss its financial results for the fourth quarter and fiscal year ending October 31, 2022. CEO Bruce Young and CFO Iain Humphries will present, followed by Q&A. A press release with earnings details will precede the call. The company provides leading concrete pumping and waste management services in the U.S. and U.K. through brands like Brundage-Bone, Camfaud, and Eco-Pan. Investors can access the live call or replay via their website.

Concrete Pumping Holdings reported a remarkable 29.4% revenue growth in Q3 FY2022, reaching $104.5 million, up from $80.8 million in the previous year. Gross profit increased 16.4% to $43.3 million, while net income surged to $14.1 million, or $0.24 per diluted share. Adjusted EBITDA rose 14.7% to $32.6 million. The company also raised its full-year revenue outlook to $380.0 million to $390.0 million. Despite inflationary pressures, particularly in diesel fuel, management remains optimistic about future growth.

Concrete Pumping Holdings (Nasdaq: BBCP) announced a conference call scheduled for September 8, 2022, at 5:00 p.m. Eastern time to discuss third-quarter financial results for fiscal year 2022, ending July 31, 2022. CEO Bruce Young and CFO Iain Humphries will lead the call, which will include a Q&A session. The call can be accessed via toll-free numbers or through the Company's investor relations website. A replay will be available until September 29, 2022. Concrete Pumping Holdings operates under national brands like Brundage-Bone and Eco-Pan, offering concrete pumping and waste management services.

Concrete Pumping Holdings has acquired Coastal Carolina Pumping, a leader in concrete pumping services in the Carolinas and Florida. This all-cash deal includes 89 equipment units and was financed through existing debt and strong cash flow. The acquisition strengthens CPH's presence in the North Carolina, South Carolina, and Florida markets, enhancing service offerings and fleet availability. It aligns with CPH’s recent expansion strategy in the Washington D.C. area, poised for significant growth over the next decade.