NASDAQ$BBCP

Concrete Pumping Holdings In · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

CPH's Q4 2023 earnings were marked by increased revenue and net income, driven by growth across all segments.

Concrete Pumping Holdings reported a 5% increase in revenue and a 10% increase in net income for the fourth quarter of fiscal year 2023. The company's performance was driven by organic growth and pricing improvements across all segments. Adjusted EBITDA increased slightly, while the leverage ratio was 3.0x at quarter end.

  • Net income increased 10% to $9.4 million.
  • Revenue increased 5% to $120.2 million.
  • Adjusted EBITDA increased slightly to $35.8 million.
  • Leverage ratio at quarter end was 3.0x.

Headline financials

Total Revenue

$120M

Previous: $115M+4.6%
EPS (adj)

$0.16

Previous: $0.14+14.3%
Adjusted EBITDA Margin

29.8%

Previous: 31.6%-5.7%
Capital Expenditures

-$11.3M

Previous: $21M-154.1%
Net Income

$9.4M

Previous: $8.1M+16.0%
Operating Income

$19.3M

Previous: $18.5M+4.2%
Gross Profit

$48.9M

Previous: $48.6M+0.6%
Stock-Based Comp

$709K

Previous: $870K-18.5%

Revenue & EPS history

CPH · Revenue · Quarterly

$120M

Q4 2023+4.6%vs Q4 2022
Beat estimate in 9 of 14 quarters(64%)
ActualEstimate

Revenue by segment

CPH · $121M total across 3 segments · Q3 2023

  • U.S. Concrete Pumping
    $87.3M+12.8%
  • U.K. Operations
    $17.3M+20.1%
  • U.S. Waste Management
    $16.5M+28.9%

Forward guidance

The Company expects fiscal year 2024 revenue to range between $465.0 million to $490.0 million, Adjusted EBITDA to range between $127.0 million to $137.0 million, and free cash flow to be at least $75.0 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 Q4 2023

Historical avgQ4 2023

-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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