Concrete Pumping Holdings Inc - Class A

Announcement: BBCP 8-K Special Filing

XBRL TAXONOMY EXTENSION CALCULATION LINKBASE

Form 10-Q - Quarterly report [Sections 13 or 15(d)]

Error: Cannot read properties of null (reading '1')

Announcement: BBCP 10-Q Quarterly Report

Analyst Summary:

Concrete Pumping Holdings reported double-digit revenue growth, driving record financial results in the first quarter of fiscal year 2023. Revenue increased 10% to $93.6 million compared to the same quarter in the prior year, and the company reported net income attributable to common shareholders of $6.0 million, or $0.11 per diluted share, compared to net income attributable to common shareholders of $0.7 million, or $0.01 per diluted share, in the prior year quarter. The company's CEO, Bruce Young, highlighted strong growth across segments and expansion in every area, as well as its strategy to enhance its geographic footprint through recent acquisitions. Looking ahead, the company anticipates continued strength in commercial and infrastructure end markets and seeks opportunities in the residential end market, given uncertain macroeconomic conditions. The company expects fiscal year 2023 revenue to range between $420.0 million to $445.0 million, Adjusted EBITDA to range between $125.0 million to $135.0 million, and free cash flow2 to range between $65.0 million to $75.0 million.

Form 8-K - Current report - Item 2.02 Item 9.01

$BBCP reports double-digit revenue growth in Q1 FY 2023

Form 8-K - Current report - Item 4.01 Item 9.01

Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend]

Announcement: BBCP SC 13G/A Statement of acquisition of beneficial ownership by individuals - amendment

Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405]

Concrete Pumping Holdings##: 
Revenue volumes recover, fuel prices impact profits; company eyes strategic acquisitions and evaluates macroeconomic challenges. 

Current Analysis##:
The concrete pumping and waste management company reported largely recovered revenue volumes for fiscal 2022, though lingering COVID-19 impacts and a tight labor market have been challenges. Rising fuel prices have also had a material impact on the company's profits, reducing gross profits by approximately $10.1 million and gross margin by roughly 2.5%. However, looking ahead to fiscal 2023, the company is eyeing strategic acquisitions to enhance value and competitiveness in the market.

Forward-Looking Analysis##:
The company notes that while commercial and infrastructure end markets are expected to remain strong, residential end markets may fluctuate in different regions due to macroeconomic factors. Impairments may result, affecting the company's financial condition. The company also cautions that potential impacts may arise from ongoing global economic challenges and the COVID-19 pandemic, and that evaluations of goodwill and intangible assets will continue in future periods.

Announcement: BBCP 8-K Special Filing

Announcement: BBCP 8-K Special Filing

Announcement: BBCP 10-Q Quarterly Report

Announcement: BBCP 10-Q Quarterly Report

$BBCP reports double-digit revenue growth in Q1 FY 2023

$BBCP reports double-digit revenue growth in Q1 FY 2023

Announcement: BBCP 8-K Special Filing

Announcement: BBCP 8-K Special Filing

Announcement: BBCP SC 13G/A Statement of acquisition of beneficial ownership by individuals - amendment

Announcement: BBCP SC 13G/A Statement of acquisition of beneficial ownership by individuals - amendment

Announcement: BBCP 10-K Annual Report

Announcement: BBCP 10-K Annual Report