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Jan 31
CPH Q1 2025 Earnings Report
CPH reported a decline in revenue for Q1 2025, impacted by lower commercial construction volumes and adverse weather conditions.
Key Takeaways
Concrete Pumping Holdings saw a decrease in revenue for Q1 2025, primarily due to a slowdown in U.S. commercial construction and severe weather events. Despite this, the company maintained strong adjusted EBITDA margins and improved gross margin. Liquidity significantly increased following debt refinancing, and management remains optimistic about a commercial market recovery later in the year.
Total revenue for Q1 2025 was $86.4 million, down from $97.7 million in Q1 2024.
Net loss improved to $2.6 million from $3.8 million in the prior year quarter.
Adjusted EBITDA declined to $17.0 million from $19.3 million but maintained a 19.7% margin.
Total available liquidity increased to $409.6 million from $217.0 million a year ago.
CPH
CPH
CPH Revenue by Segment
Revenue by Segment
US Concrete Pumping Revenue
CapyFin.comUS Concrete Waste Mgmt Revenue
CapyFin.comUK Operations Revenue
CapyFin.com Forward Guidance
CPH expects fiscal year 2025 revenue between $400 million and $420 million, with adjusted EBITDA projected between $105 million and $115 million. The company remains optimistic about market recovery, supported by strong liquidity and potential M&A opportunities.
Positive Outlook
- Projected FY2025 revenue of $400-$420 million.
- Adjusted EBITDA forecasted at $105-$115 million for FY2025.
- Strong liquidity position of $409.6 million supports growth initiatives.
- Ongoing commercial market recovery expected in the second half of 2025.
- Share repurchase program extended through December 2026.
Challenges Ahead
- Commercial construction slowdown continues to impact U.S. revenue.
- Severe weather conditions affected operations in multiple regions.
- Adjusted EBITDA declined year-over-year despite stable margins.
- Currency fluctuations impacted U.K. operations revenue and profitability.
- Debt refinancing resulted in a loss on extinguishment of $1.4 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income