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Concrete Pumping Holdings, Inc. WT EXP 080124 - BBCPW STOCK NEWS

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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.

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Concrete Pumping Holdings, Inc. (Nasdaq: BBCP) announced the expiration of 13,017,677 warrants to acquire shares of its common stock, resulting in a cleaner, simpler capital structure and balance sheet. The company's listing on Nasdaq under the ticker symbol 'BBCP' remains unaffected.
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Concrete Pumping Holdings reports double-digit revenue growth in Q3 2023
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Concrete Pumping Holdings, Inc. to hold conference call on September 7, 2023, to discuss Q3 financial results.
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Concrete Pumping Holdings reports double-digit revenue growth in Q2 2023. Revenue increased by 12% to $107.8 million compared to the same quarter last year. Gross profit also increased by 12% to $43.5 million. Net income was $5.6 million. Adjusted EBITDA increased by 7% to $28.8 million. The company's debt outstanding was $435.9 million with net debt of $429.3 million. Total available liquidity was $100.4 million.
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Concrete Pumping Holdings, Inc. announces amendment and extension of ABL credit agreement. PNC Bank provides $50 million in incremental commitments.
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Concrete Pumping Holdings, Inc. will hold a conference call on June 8, 2023, to discuss its financial results for the second quarter. The call will be hosted by CEO Bruce Young and CFO Iain Humphries.
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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.

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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.

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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.

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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.

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FAQ

What services does Concrete Pumping Holdings, Inc. provide?

Concrete Pumping Holdings offers concrete pumping and waste management services in the U.S. and U.K., using specialized equipment and trained operators.

Where does Concrete Pumping Holdings operate?

The company serves customers in approximately 100 branch locations across 21 states in the U.S. and around 30 branch locations in the U.K.

What are the benefits of using Concrete Pumping Holdings' services?

Concrete Pumping Holdings provides cost-saving concrete placement solutions, enhances worksite safety, and manages environmental issues caused by concrete washout.

What are the financial highlights of Concrete Pumping Holdings for the fiscal year 2023?

In fiscal year 2023, the company reported a revenue increase of 10% to $442.2 million compared to the previous year, with net income increasing by 12% to $30.0 million.

What is Adjusted EBITDA?

Adjusted EBITDA is a financial measure used by Concrete Pumping Holdings, calculated by taking EBITDA and adding back transaction expenses, loss on debt extinguishment, stock-based compensation, changes in the fair value of warrant liabilities, and other adjustments.

What is the outlook for Concrete Pumping Holdings in fiscal year 2024?

For fiscal year 2024, the company expects revenue to range between $465.0 million to $490.0 million, Adjusted EBITDA between $127.0 million to $137.0 million, and free cash flow to be at least $75.0 million.

How can I access Concrete Pumping Holdings' conference call?

To participate in the conference call, dial the toll-free number 1-877-407-9039 or the international number 1-201-689-8470 with conference ID 13742421.

What are the key brands under Concrete Pumping Holdings?

Concrete Pumping Holdings operates under the national brands Brundage-Bone for concrete pumping in the U.S., Camfaud in the U.K., and Eco-Pan for waste management services in both the U.S. and U.K.

What is the company's approach to sustainability?

Concrete Pumping Holdings offers regulatory-compliant waste management services to address environmental concerns caused by concrete washout, demonstrating a commitment to sustainability.

How does Concrete Pumping Holdings ensure quality and safety?

With a large fleet of specialized pumping equipment and trained operators, the company focuses on shortening concrete placement times, enhancing worksite safety, and improving construction quality.

Concrete Pumping Holdings, Inc. WT EXP 080124

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Water and Sewer Line and Related Structures Construction
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