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Concrete Pumping Holdings, Inc. (BBCP) is a leading provider of concrete pumping and waste management services in the U.S. and U.K. The company operates under national brands, offering labor cost-saving concrete placement solutions, enhancing worksite safety, and managing environmental issues caused by concrete washout. With a large fleet of specialized equipment and trained operators, Concrete Pumping Holdings serves customers across multiple states in the U.S. and regions in the U.K.
Concrete Pumping Holdings (BBCP), a leading provider of concrete pumping and waste management services in the U.S. and U.K., has scheduled its fourth quarter and fiscal year 2024 earnings conference call for Thursday, January 9, 2025, at 5:00 p.m. Eastern Time. The company will release its financial results via press release before the call.
CEO Bruce Young and CFO Iain Humphries will host the conference call, which will include a question-and-answer session. The call will be broadcast live and available for replay through January 16, 2025, both via phone and through the company's website.
Concrete Pumping Holdings (Nasdaq: BBCP) has announced a significant expansion of its Asset-Based Lending (ABL) Facility. The company's subsidiary, Brundage-Bone Concrete Pumping Holdings, has amended its existing ABL credit agreement, increasing the commitment from $225 million to $350 million and extending the maturity date to September 6, 2029.
Bank of America has joined the facility as a joint lead arranger and joint bookrunner, providing $75 million of the additional $125 million commitment. PNC Bank contributed the remaining $50 million. This expansion enhances CPH's liquidity position and supports its long-term strategic growth plan, providing greater flexibility for pursuing accretive investment opportunities and addressing its capital structure.
Concrete Pumping Holdings (Nasdaq: BBCP) reported Q3 FY2024 results with revenue of $109.6 million, down from $120.7 million in Q3 FY2023. Net income decreased to $7.6 million from $10.3 million. Adjusted EBITDA was $31.6 million with a 28.8% margin. The company faced challenges in its U.S. Concrete Pumping segment due to weather issues and a slowdown in commercial construction, while the Concrete Waste Management Services segment showed strong growth. CPH updated its FY2024 outlook, expecting revenue between $420-$430 million and Adjusted EBITDA of $108-$113 million. The company maintains a strong financial position with $236.3 million in available liquidity as of July 31, 2024.
Concrete Pumping Holdings (Nasdaq: BBCP), a leading provider of concrete pumping and waste management services in the U.S. and U.K., has announced its third quarter 2024 earnings conference call. The call is scheduled for Wednesday, September 4, 2024, at 5:00 p.m. Eastern Time. CEO Bruce Young and CFO Iain Humphries will host the call, which will be preceded by a press release detailing the company's financial results for the quarter ended July 31, 2024.
Investors can join the call using the toll-free number 1-877-407-9039 (US) or 1-201-689-8470 (International), with the Conference ID: 13748082. The call will also be broadcast live and available for replay on the company's website. A replay will be accessible until September 11, 2024, using the provided replay numbers and ID.
Concrete Pumping Holdings (NASDAQ: BBCP) released their Q2 FY 2024 financial results, showing revenue of $107.1 million, a slight decrease from $107.8 million in the same quarter last year.
Gross profit dropped to $41.8 million from $43.5 million, and net income fell to $3.0 million from $5.6 million. Adjusted EBITDA also decreased to $27.5 million from $28.8 million. The company noted a decline in its U.S. Concrete Pumping segment, attributed to delays in commercial work and adverse weather conditions, partially offset by growth in residential and infrastructure projects.
However, the U.S. Concrete Waste Management segment saw a 19% revenue growth. Total available liquidity increased to $216.9 million from $100.4 million. The company maintains an optimistic outlook for the remainder of the year despite market challenges.
Concrete Pumping Holdings (Nasdaq: BBCP), a top provider of concrete pumping and waste management services in the U.S. and U.K., has scheduled its second quarter 2024 earnings conference call for June 6, 2024, at 5:00 p.m. Eastern time. The call will be hosted by CEO Bruce Young and CFO Iain Humphries, with a press release detailing the financial results issued beforehand. Stakeholders can join the call using the provided toll-free and international dial-in numbers, and a replay will be available until June 13, 2024.
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