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Jul 31, 2021
CPH Q3 2021 Earnings Report
CPH's Q3 2021 financial results were reported with revenue increase, but gross profit and adjusted EBITDA decreased.
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.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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