CPH Q3 2023 Earnings Report
Key Takeaways
Concrete Pumping Holdings reported a record-setting third quarter, driven by double-digit revenue growth in every segment. Revenue increased by 16% to $120.7 million, and adjusted EBITDA increased by 16% to $34.9 million.
Revenue increased 16% to $120.7 million compared to the prior year quarter.
Gross profit increased 18% to $49.5 million compared to the prior year quarter.
Net income was $10.3 million, compared to $13.0 million in the prior year quarter.
Adjusted EBITDA increased 16% to $34.9 million compared to the prior year quarter.
CPH
CPH
CPH Revenue by Segment
Forward Guidance
The Company now expects fiscal year 2023 revenue of approximately $440.0 million, Adjusted EBITDA of approximately $125.0 million, and free cash flow of approximately $70.0 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income