NASDAQ$BBCP
Concrete Pumping Holdings In · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
CPH's financial performance was impacted by severe winter weather, with revenue increasing slightly and net income decreasing significantly.
Concrete Pumping Holdings reported a 4% increase in revenue to $97.7 million, driven by growth in Concrete Waste Management Services and U.K. operations, which was offset by a decline in U.S. Concrete Pumping due to severe weather. The company experienced a net loss of $3.8 million, compared to a net income of $6.5 million in the prior year quarter, and adjusted EBITDA decreased by 23.0% to $19.3 million.
- Revenue increased by 4% to $97.7 million, driven by Concrete Waste Management Services and U.K. operations.
- Net loss was $3.8 million, compared to a net income of $6.5 million in the prior year quarter.
- Adjusted EBITDA decreased by 23.0% to $19.3 million due to weather impacts and inflationary pressures.
- The company revised its fiscal year 2024 revenue outlook to $460.0 million - $480.0 million and Adjusted EBITDA to $122.0 million - $130.0 million due to weather impacts.
Headline financials
Revenue & EPS history
CPH · Revenue · Quarterly
$97.7M
Revenue by segment
CPH · $121M total across 3 segments · Q3 2023
- U.S. Concrete Pumping$87.3M+12.8%72.1%
- U.K. Operations$17.3M+20.1%14.3%
- U.S. Waste Management$16.5M+28.9%13.6%
Forward guidance
Due to the weather impacted year-to-date start in fiscal 2024, the Company has revised its outlook and now expects fiscal year 2024 revenue to range between $460.0 million to $480.0 million and Adjusted EBITDA to range between $122.0 million to $130.0 million. The Company maintains its original outlook for free cash flow to be at least $75.0 million.
Tailwinds
- Increasing infrastructure activity.
- Added light commercial and residential projects.
- Diversified end markets.
- High utilization of fleet.
- Mission-critical service offered.
Headwinds
- Weather impacted year-to-date start in fiscal 2024
- Revised fiscal year 2024 revenue outlook to range between $460.0 million to $480.0 million
- Revised Adjusted EBITDA outlook to range between $122.0 million to $130.0 million.
- Severe winter temperatures and freezing rainfall in the month of January stalled many customer projects, driving a revenue decline of approximately $7.0 million from the loss of volume.
- Inflationary increases in insurance costs.
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 2024
-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
| Quarter | Report date | Reaction (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% |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro