CPH Q4 2023 Earnings Report
Key Takeaways
Concrete Pumping Holdings reported a 5% increase in revenue and a 10% increase in net income for the fourth quarter of fiscal year 2023. The company's performance was driven by organic growth and pricing improvements across all segments. Adjusted EBITDA increased slightly, while the leverage ratio was 3.0x at quarter end.
Net income increased 10% to $9.4 million.
Revenue increased 5% to $120.2 million.
Adjusted EBITDA increased slightly to $35.8 million.
Leverage ratio at quarter end was 3.0x.
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CPH Revenue by Segment
Forward Guidance
The Company expects fiscal year 2024 revenue to range between $465.0 million to $490.0 million, Adjusted EBITDA to range between $127.0 million to $137.0 million, and free cash flow to be at least $75.0 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income