CPH Q4 2024 Earnings Report
Key Takeaways
Concrete Pumping Holdings reported a decrease in revenue for the fourth quarter of fiscal year 2024, primarily due to a slowdown in the U.S. Concrete Pumping segment, which was partially offset by growth in the Concrete Waste Management Services segment. Net income remained unchanged, while adjusted EBITDA decreased slightly. The company's disciplined fleet management and cost control initiatives contributed to improved gross margins.
Revenue decreased due to a volume decline in the U.S. Concrete Pumping segment, attributed to high interest rates and increased commercial building vacancy rates.
Gross margin improved due to cost control initiatives that delivered improved labor and fuel costs.
Net income remained unchanged compared to the prior year quarter.
Adjusted EBITDA margin increased due to disciplined fleet management.
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CPH Revenue by Segment
Forward Guidance
The Company expects fiscal year 2025 revenue to range between $425.0 million to $445.0 million, Adjusted EBITDA to range between $115.0 million to $125.0 million, and free cash flow to be at least $65.0 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income