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Jan 31, 2021
CPH Q1 2021 Earnings Report
CPH reported strong Q1 2021 results, demonstrating resilience and operational strength.
Key Takeaways
Concrete Pumping Holdings reported a revenue of $70.4 million and a net loss of $12.8 million for Q1 2021. The company refinanced its debt, improving liquidity and securing favorable interest rates. They continue 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 was $70.4 million, a slight decrease compared to $73.9 million in the prior year.
Net loss was $12.8 million, impacted by a $15.5 million loss on debt extinguishment.
Adjusted EBITDA was $22.4 million with a margin of 31.7%.
The company refinanced its debt, improving liquidity and locking in favorable interest rates.
Revenue by Segment
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
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Avg. Return Before/After Earnings
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