NASDAQ$BBCP

Concrete Pumping Holdings In · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

CPH's revenue increased across all segments, driven by residential and infrastructure work, with a recovery in commercial projects. Inflationary pressures impacted gross margin, but recalibrated rates are expected to offset these headwinds in 2022.

Concrete Pumping Holdings reported a 21.3% increase in revenue to $85.4 million for the first quarter of fiscal year 2022, driven by double-digit growth across all segments. Net income improved to $0.7 million, or $0.01 per diluted share, compared to a net loss of $(12.8) million in the prior year quarter. Adjusted EBITDA was $24.0 million, compared to $22.4 million in the prior year quarter.

  • Revenue increased by 21.3% to $85.4 million compared to the first quarter of fiscal year 2021.
  • Organic revenue increased by 11.8% to $78.7 million, excluding acquisitions.
  • Net income available to common shareholders improved to $0.7 million, or $0.01 per diluted share.
  • Adjusted EBITDA increased to $24.0 million compared to $22.4 million in the prior year.

Headline financials

Total Revenue

$85.4M

Previous: $70.4M+21.3%
EPS (adj)

$0.01

Previous: $0.05-80.0%
Adjusted EBITDA

$24M

Previous: $22.4M+7.1%
Adjusted EBITDA Margin

28.1%

Previous: 31.7%-11.4%
Capital Expenditures

-$35.4M

Previous: -$9.43M-275.6%
Free Cash Flow

-$22.2M

Previous: $3.15M-807.0%
Net Income

$1.18M

Previous: -$12.3M+109.6%
Operating Income

$7.39M

Previous: $7.45M-0.8%
Gross Profit

$34.1M

Previous: $29.9M+14.3%
Cash & Equivalents

$2.79M

Previous: $2.27M+22.6%
Total Assets

$806M

Previous: $766M+5.2%
Stock-Based Comp

$1.48M

Previous: $672K+120.2%

Revenue & EPS history

CPH · Revenue · Quarterly

$85.4M

Q1 2022+21.3%vs Q1 2021
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Revenue by segment

CPH · $85.6M total across 3 segments · Q1 2022

  • U.S. Concrete Pumping
    $63.1M+20.7%
  • U.K. Operations
    $12M+22.4%
  • U.S. Waste Management
    $10.5M+25.0%

Forward guidance

The Company continues to expect fiscal year 2022 revenue to range between $360.0 million to $370.0 million, Adjusted EBITDA to range between $115.0 million to $120.0 million, and free cash flow to range between $55.0 million and $60.0 million.

Historical earnings impact

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

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-0.1%

Avg return

Earnings day

-1.0%

Avg return

5 days after

-2.0%

Avg return

30 days after

39%

14 / 36 earnings

Positive

+30.7%

Q2 2026

Best reaction

-25.3%

Q1 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026+30.7%+34.3%
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%
Q3 2018-11.5%-10.9%-12.2%
Q4 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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