NASDAQ$BBCP

Concrete Pumping Holdings In · Q4 2024 earnings

Q4 2024 earnings · · Investor relations

Briefing

CPH's financial performance was influenced by various factors, including challenges in the U.S. pumping market, offset by growth in waste management, and disciplined fleet management.

Concrete Pumping Holdings reported a decrease in revenue for the fourth quarter of fiscal year 2024, primarily due to a slowdown in the U.S. Concrete Pumping segment, which was partially offset by growth in the Concrete Waste Management Services segment. Net income remained unchanged, while adjusted EBITDA decreased slightly. The company's disciplined fleet management and cost control initiatives contributed to improved gross margins.

  • Revenue decreased due to a volume decline in the U.S. Concrete Pumping segment, attributed to high interest rates and increased commercial building vacancy rates.
  • Gross margin improved due to cost control initiatives that delivered improved labor and fuel costs.
  • Net income remained unchanged compared to the prior year quarter.
  • Adjusted EBITDA margin increased due to disciplined fleet management.

Headline financials

Total Revenue

$111M

Previous: $120M-7.3%
EPS (adj)

$0.16

Previous: $0.16+0.0%
Adjusted EBITDA

$33.7M

No prior period
Adjusted EBITDA Margin

30.2%

Previous: 29.8%+1.3%
G&A Expenses

$27M

No prior period
Total Available Liquidity

$378M

No prior period
Gross Margin

41.5%

No prior period
Capital Expenditures

-$6.33M

Previous: -$11.3M+44.2%
Net Income

$9.4M

Previous: $9.4M+0.0%
Operating Income

$19.2M

Previous: $19.3M-0.4%
Gross Profit

$46.2M

Previous: $48.9M-5.5%
Stock-Based Comp

$477K

Previous: $709K-32.7%

Revenue & EPS history

CPH · Revenue · Quarterly

$111M

Q4 2024-7.3%vs Q4 2023
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 2025 revenue to range between $425.0 million to $445.0 million, Adjusted EBITDA to range between $115.0 million to $125.0 million, and free cash flow to be at least $65.0 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 2024

Historical avgQ4 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

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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