CPH Q2 2021 Earnings Report
Key Takeaways
Concrete Pumping Holdings reported a 4% increase in revenue to $76.9 million compared to $74.0 million in the second quarter of fiscal year 2020. Adjusted EBITDA increased 7% to $25.0 million compared to $23.5 million, with adjusted EBITDA margin increasing 80 basis points to 32.6% compared to 31.8%.
Revenue increased 4% to $76.9 million.
Gross margin increased 30 basis points to 43.3%.
Adjusted EBITDA increased 7% to $25.0 million.
Total available liquidity increased to $134.9 million.
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CPH 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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income