Loading...
•
Jan 31, 2022
CPH Q1 2022 Earnings Report
CPH's revenue increased across all segments, driven by residential and infrastructure work, with a recovery in commercial projects. Inflationary pressures impacted gross margin, but recalibrated rates are expected to offset these headwinds in 2022.
Key Takeaways
Concrete Pumping Holdings reported a 21.3% increase in revenue to $85.4 million for the first quarter of fiscal year 2022, driven by double-digit growth across all segments. Net income improved to $0.7 million, or $0.01 per diluted share, compared to a net loss of $(12.8) million in the prior year quarter. Adjusted EBITDA was $24.0 million, compared to $22.4 million in the prior year quarter.
Revenue increased by 21.3% to $85.4 million compared to the first quarter of fiscal year 2021.
Organic revenue increased by 11.8% to $78.7 million, excluding acquisitions.
Net income available to common shareholders improved to $0.7 million, or $0.01 per diluted share.
Adjusted EBITDA increased to $24.0 million compared to $22.4 million in the prior year.
Revenue by Segment
Forward Guidance
The Company continues to expect fiscal year 2022 revenue to range between $360.0 million to $370.0 million, Adjusted EBITDA to range between $115.0 million to $120.0 million, and free cash flow to range between $55.0 million and $60.0 million.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...