CPH Q3 2022 Earnings Report
Key Takeaways
Concrete Pumping Holdings reported a strong third quarter with a 29.4% increase in revenue to $104.5 million. Net income available to common shareholders improved to $14.1 million, or $0.24 per diluted share. The company has raised its fiscal year 2022 revenue outlook to a range of $380.0 million to $390.0 million.
Revenue increased by 29.4% to $104.5 million compared to the third quarter of fiscal year 2021.
Net income available to common shareholders improved to $14.1 million, or $0.24 per diluted share.
Adjusted EBITDA increased by 14.7% to $32.6 million compared to the third quarter of fiscal year 2021.
The Company now expects fiscal year 2022 revenue to range between $380.0 million to $390.0 million.
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CPH Revenue by Segment
Forward Guidance
The Company now expects fiscal year 2022 revenue to range between $380.0 million to $390.0 million. Adjusted EBITDA is expected to range between $115.0 million to $120.0 million, and free cash flow is expected to range between $55.0 million and $60.0 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income