NASDAQ$BBCP

Concrete Pumping Holdings In · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

CPH's Q3 2021 financial results were reported with revenue increase, but gross profit and adjusted EBITDA decreased.

Concrete Pumping Holdings reported a 5% increase in revenue to $80.8 million. However, gross profit decreased slightly to $37.2 million, and adjusted EBITDA decreased to $28.4 million. 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.

  • Revenue increased 5% to $80.8 million compared to $77.1 million.
  • Gross profit was $37.2 million compared to $37.8 million.
  • Adjusted EBITDA was $28.4 million compared to $30.0 million, with adjusted EBITDA margin at 35.2% compared to 38.9%.
  • Net income attributable to common shareholders increased to $4.1 million or $0.07 per diluted share.

Headline financials

Total Revenue

$80.8M

Previous: $77.1M+4.7%
EPS (adj)

$0.07

Previous: $0.04+75.0%
Adjusted EBITDA Margin

35.2%

Previous: 38.9%-9.5%
Capital Expenditures

-$34.6M

Previous: -$36.7M+5.7%
Free Cash Flow

$25.8M

Previous: $16.8M+53.3%
Net Income

$4.64M

Previous: $2.98M+55.6%
Operating Income

$12.2M

Previous: $10.8M+12.0%
Gross Profit

$37.2M

Previous: $37.8M-1.6%
Cash & Equivalents

$20.2M

Previous: $4.13M+389.1%
Total Assets

$782M

Previous: $788M-0.7%
Stock-Based Comp

$1.26M

No prior period

Revenue & EPS history

CPH · Revenue · Quarterly

$80.8M

Q3 2021+4.7%vs Q3 2020
Beat estimate in 7 of 13 quarters(54%)
ActualEstimate

Revenue by segment

CPH · $80.8M total across 3 segments · Q3 2021

  • U.S. Concrete Pumping
    $58M-1.0%
  • U.K. Operations
    $12.7M+38.0%
  • U.S. Waste Management
    $10.1M+7.4%

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 19 quarterly earnings reports · overlaid with Q3 2021

Historical avgQ3 2021

-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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