NASDAQ$BBCP

Concrete Pumping Holdings In · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

CPH reported strong Q1 2021 results, demonstrating resilience and operational strength.

Concrete Pumping Holdings reported a revenue of $70.4 million and a net loss of $12.8 million for Q1 2021. The company refinanced its debt, improving liquidity and securing favorable interest rates. They continue to expect fiscal year 2021 revenue to range between $300.0 million to $310.0 million, Adjusted EBITDA to range between $105.0 million to $110.0 million, and free cash flow to range between $47.5 million and $52.5 million.

  • Revenue was $70.4 million, a slight decrease compared to $73.9 million in the prior year.
  • Net loss was $12.8 million, impacted by a $15.5 million loss on debt extinguishment.
  • Adjusted EBITDA was $22.4 million with a margin of 31.7%.
  • The company refinanced its debt, improving liquidity and locking in favorable interest rates.

Headline financials

Total Revenue

$70.4M

Previous: $73.9M-4.8%
EPS (adj)

$0.05

Previous: -$0.06+183.3%
Adjusted EBITDA

$22.4M

Previous: $23.8M-5.9%
Adjusted EBITDA Margin

31.7%

Previous: 32.2%-1.6%
G&A Expenses

$22.4M

No prior period
Total Available Liquidity

$118M

No prior period
Gross Margin

42.4%

Previous: 43.5%-2.5%
Capital Expenditures

-$9.43M

Previous: -$17.4M+45.8%
Free Cash Flow

$3.15M

Previous: -$15.6M+120.2%
Net Income

-$12.3M

Previous: -$2.75M-347.6%
Operating Income

$7.45M

Previous: $5.54M+34.4%
Gross Profit

$29.9M

Previous: $32.1M-7.1%
Cash & Equivalents

$2.27M

Previous: $2.64M-13.8%
Total Assets

$766M

Previous: $864M-11.3%
Stock-Based Comp

$672K

Previous: $1.47M-54.2%

Revenue & EPS history

CPH · Revenue · Quarterly

$70.4M

Q1 2021-4.8%vs Q1 2020
Beat estimate in 5 of 11 quarters(45%)
ActualEstimate

Revenue by segment

CPH · $70.5M total across 3 segments · Q1 2021

  • U.S. Concrete Pumping
    $52.3M
  • U.K. Operations
    $9.8M
  • U.S. Waste Management
    $8.4M

Forward guidance

The Company continues to expect fiscal year 2021 revenue to range between $300.0 million to $310.0 million, Adjusted EBITDA to range between $105.0 million to $110.0 million, and free cash flow to range between $47.5 million and $52.5 million.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

-1.0%

Avg return

Earnings day

-2.0%

Avg return

5 days after

-2.0%

Avg return

30 days after

37%

13 / 35 earnings

Positive

+19.9%

Q4 2020

Best reaction

-25.3%

Q1 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+5.5%+2.1%+12.7%
Q4 2025-9.6%-15.6%-11.5%
Q3 2025+12.4%+4.4%+3.7%
Q2 2025+0.0%-1.7%+17.1%
Q1 2025-17.9%-0.7%-4.6%
Q4 2024+11.4%+18.2%+15.1%
Q3 2024-15.9%-12.5%-7.5%
Q2 2024-12.3%-12.8%-24.7%
Q1 2024-2.9%-2.9%-1.9%
Q4 2023-0.3%-4.2%+3.2%
Q3 2023+7.1%+12.6%+17.2%
Q2 2023-4.3%-3.1%+9.9%
Q1 2023-4.9%-5.9%-14.6%
Q4 2022+19.9%+23.3%+17.4%
Q3 2022+5.2%+2.8%-3.6%
Q2 2022+8.6%+5.1%+12.4%
Q1 2022-4.7%-10.0%-14.4%
Q4 2021+5.8%+0.6%-10.5%
Q3 2021-3.0%-6.3%-4.0%
Q2 2021+0.4%-0.8%-4.4%
Q1 2021+10.0%+5.9%+10.4%
Q4 2020+19.9%+23.7%+40.8%
Q3 2020-7.1%-8.6%+1.0%
Q2 2020+6.5%-6.9%-25.3%
Q1 2020-25.3%-27.7%-37.9%
Q4 2019-4.4%-10.6%-0.4%
Q3 2019-7.0%-1.7%-15.9%
Q2 2019-17.3%-12.9%+7.8%
Q1 2019+14.1%-3.0%-35.4%
Q4 2018-11.5%-10.9%-12.2%
Q3 2018-11.5%-10.9%-12.2%
Q2 2018-0.1%-0.1%+0.3%
Q1 2018-0.2%-0.2%+0.3%
Q4 2017-0.2%+0.0%+0.2%
Q2 2017-0.1%+0.3%+0.3%

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