NASDAQ$BBCP

Concrete Pumping Holdings In · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

CPH reported strong Q3 2022 results with revenue growth and raised its full-year revenue outlook.

Concrete Pumping Holdings reported a strong third quarter with a 29.4% increase in revenue to $104.5 million. Net income available to common shareholders improved to $14.1 million, or $0.24 per diluted share. The company has raised its fiscal year 2022 revenue outlook to a range of $380.0 million to $390.0 million.

  • Revenue increased by 29.4% to $104.5 million compared to the third quarter of fiscal year 2021.
  • Net income available to common shareholders improved to $14.1 million, or $0.24 per diluted share.
  • Adjusted EBITDA increased by 14.7% to $32.6 million compared to the third quarter of fiscal year 2021.
  • The Company now expects fiscal year 2022 revenue to range between $380.0 million to $390.0 million.

Headline financials

Total Revenue

$104M

Previous: $80.8M+29.4%
EPS (adj)

$0.24

Previous: $0.07+242.9%
Adjusted EBITDA Margin

31.2%

Previous: 35.2%-11.4%
Capital Expenditures

-$81M

Previous: -$34.6M-134.3%
Free Cash Flow

-$27.2M

Previous: $25.8M-205.6%
Net Income

$14.5M

Previous: $4.64M+212.5%
Operating Income

$16.1M

Previous: $12.2M+32.4%
Gross Profit

$43.3M

Previous: $37.2M+16.4%
Cash & Equivalents

$2.45M

Previous: $20.2M-87.9%
Total Assets

$824M

Previous: $782M+5.4%
Stock-Based Comp

$1.33M

Previous: $1.26M+6.0%

Revenue & EPS history

CPH · Revenue · Quarterly

$104M

Q3 2022+29.4%vs Q3 2021
Beat estimate in 9 of 14 quarters(64%)
ActualEstimate

Revenue by segment

CPH · $105M total across 3 segments · Q3 2022

  • U.S. Concrete Pumping
    $77.4M+33.4%
  • U.K. Operations
    $14.4M+13.4%
  • U.S. Waste Management
    $12.8M+26.7%

Forward guidance

The Company now expects fiscal year 2022 revenue to range between $380.0 million to $390.0 million. Adjusted EBITDA is expected to range between $115.0 million to $120.0 million, and free cash flow is expected 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 20 quarterly earnings reports · overlaid with Q3 2022

Historical avgQ3 2022

-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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