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Apr 30, 2022
CPH Q2 2022 Earnings Report
CPH's financial performance was solid, marked by revenue growth and strategic acquisitions.
Key Takeaways
Concrete Pumping Holdings reported a strong second quarter with revenue increasing by 25.5% to $96.5 million. The company experienced double-digit growth across all segments and completed three strategic acquisitions. Net income improved to $5.6 million, or $0.10 per diluted share.
Revenue increased by 25.5% to $96.5 million, driven by double-digit growth across all segments.
Net income available to common shareholders improved to $5.6 million, or $0.10 per diluted share, compared to a net loss of $11.4 million, or $0.21 per diluted share in the prior year quarter.
Adjusted EBITDA increased to $27.7 million compared to $25.0 million in the prior year quarter.
The company completed three strategic tuck-in acquisitions for $11.3 million to support organic growth.
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
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Avg. Return Before/After Earnings
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