CPH Q3 2021 Earnings Report
Key Takeaways
Concrete Pumping Holdings reported a 5% increase in revenue to $80.8 million. However, gross profit decreased slightly to $37.2 million, and adjusted EBITDA decreased to $28.4 million. 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 increased 5% to $80.8 million compared to $77.1 million.
Gross profit was $37.2 million compared to $37.8 million.
Adjusted EBITDA was $28.4 million compared to $30.0 million, with adjusted EBITDA margin at 35.2% compared to 38.9%.
Net income attributable to common shareholders increased to $4.1 million or $0.07 per diluted share.
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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.