CPH Q4 2022 Earnings Report
Key Takeaways
Concrete Pumping Holdings reported a strong fourth quarter with revenue increasing by 31% to $114.9 million and net income increasing by 170% to $8.1 million. The company saw growth across all segments and achieved its fifth consecutive quarter of double-digit consolidated revenue growth. The company also provided financial outlook for fiscal year 2023.
Revenue increased 31% to $114.9 million compared to the fourth quarter of fiscal year 2021.
Net income attributable to common shareholders increased 170% to $8.1 million, or $0.14 per diluted share.
Gross profit increased 30% to $48.6 million compared to the prior year quarter.
Adjusted EBITDA increased 28% to $36.3 million compared to the prior year quarter.
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CPH Revenue by Segment
Forward Guidance
The Company expects fiscal year 2023 revenue to range between $420.0 million to $445.0 million, Adjusted EBITDA to range between $125.0 million to $135.0 million, and free cash flow to range between $65.0 million and $75.0 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income