Revenue Growth - For the three months ended January 31, 2022, the company's revenue increased by 21.3% year-over-year to $85.4 million, compared to $70.4 million in the same period of 2021[145]. - The U.S. Concrete Pumping segment revenue rose by 20.6%, or $10.8 million, primarily due to acquisitions and organic growth, reaching $63.1 million[151]. - The U.K. Operations segment revenue increased by 22.9%, or $2.2 million, driven by recovery from COVID-19 impacts, totaling $12.0 million[152]. - The U.S. Concrete Waste Management Services segment saw a revenue increase of 24.2%, or $2.0 million, attributed to organic growth and pricing improvements, reaching $10.5 million[153]. Profitability - Gross profit for the first quarter of fiscal 2022 was $34.1 million, with a gross margin of 39.9%, down from 42.4% in the prior year due to inflationary pressures[145][155]. - Net income for the first quarter of fiscal 2022 was $1.2 million, a significant improvement from a net loss of $12.3 million in the same period last year[146]. - Adjusted EBITDA for U.S. Concrete Pumping segment was $15.2 million in Q1 fiscal 2022, slightly down from $15.3 million in Q1 fiscal 2021, despite a 20.6% revenue increase due to higher fuel and labor costs[165]. - Adjusted EBITDA for U.K. Operations improved to $3.3 million in Q1 fiscal 2022 from $2.7 million in Q1 fiscal 2021, driven by revenue growth[166]. - U.S. Concrete Waste Management Services segment saw a 32.7% increase in Adjusted EBITDA to $4.9 million in Q1 fiscal 2022 from $3.7 million in Q1 fiscal 2021, attributed to strong revenue growth[167]. Cash Flow and Liquidity - Net cash provided by operating activities was $13.2 million for Q1 fiscal 2022, with a net income of $1.2 million and non-cash charges totaling $16.0 million[177]. - The company used $34.5 million for investing activities in Q1 fiscal 2022, primarily for property, plant, and equipment purchases totaling $35.4 million[178]. - Net cash provided by financing activities was $14.7 million in Q1 fiscal 2022, mainly from $15.2 million in net borrowings under the ABL Facility[179]. - As of January 31, 2022, the company had $2.8 million in cash and cash equivalents and $105.2 million in available borrowing capacity under the ABL Facility, totaling $108.0 million in liquidity[170]. Debt and Compliance - The outstanding principal amount of Senior Notes was $375.0 million as of January 31, 2022, with the company in compliance with all covenants[174]. - The ABL Facility had an outstanding balance of $16.2 million as of January 31, 2022, with the company also in compliance with all debt covenants[175]. Strategic Acquisitions - The company completed strategic acquisitions, including Pioneer Concrete Pumping Service for $20.1 million and Hi-Tech Concrete Pumping Services for $12.3 million, enhancing its market presence[134]. - The company plans to utilize cash and a revolving line of credit for opportunistic M&A to enhance its value proposition[132]. Impact of COVID-19 - The company continues to evaluate the impact of COVID-19 on its operations, with ongoing uncertainties affecting labor resources and market conditions[140]. - Impairment charges were primarily due to COVID-19, which negatively impacted market capitalization and increased the discount rate used in DCF models[197]. Accounting and Taxation - The company will no longer be classified as an emerging growth company as of October 31, 2022, and will adopt new accounting standards accordingly[188]. - The company emphasizes that its financial results may not be comparable to those of non-emerging growth companies due to its previous election to delay the adoption of new accounting standards[188]. - The company is subject to income taxes in multiple jurisdictions, requiring significant judgment in determining tax provisions[198]. - Deferred tax assets and liabilities are based on differences between financial statement balances and tax bases, using enacted tax rates for the year of reversal[199]. Goodwill and Fair Value - The company evaluates goodwill for possible impairment annually, generally as of August 31st, using a two-step process that includes qualitative and quantitative assessments[191]. - Fair value determinations are sensitive to changes in underlying assumptions, including projected revenue and market factors, particularly due to the impact of COVID-19[192]. - The estimated fair value of reporting units is determined using a discounted cash flow (DCF) model and a market approach, with significant assumptions regarding future operating performance and economic conditions[193]. - The DCF model relies on expected future after-tax operating cash flows, discounted using a risk-adjusted discount rate based on the weighted average cost of capital (WACC)[195]. - The guideline public company (GPC) method estimates value using multiples derived from publicly traded companies, requiring careful selection of comparable companies[196].

Concrete Pumping Holdings, Inc (NASDAQ:BBCP) Q4 2021 Earnings Conference Call January 12, 2022 5:00 PM ET Company Participants Cody Slach - Investor Relations Bruce Young - Chief Executive Officer Iain Humphries - Chief Financial Officer Conference Call Participants Andy Wittmann - Baird Tim Mulrooney - William Blair Brent Thielman - D.A. Davidson Steven Fisher - UBS Operator Good afternoon, everyone and thank you for participating in today’s conference call to discuss Concrete Pumping Holdings Financial Re ...

Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) Q3 2021 Earnings Conference Call September 8, 2021 5:00 PM ET Company Representatives Bruce Young - Chief Executive Officer Iain Humphries - Chief Financial Officer Cody Slach - Director of Investor Relations Conference Call Participants Tim Mulrooney - William Blair Stanley Elliott - Stifel Operator Good afternoon, everyone, and thank you for participating in today's conference call to discuss Concrete Pumping Holdings' financial results for the Third Quarter e ...

Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) Q2 2021 Earnings Conference Call June 14, 2021 5:00 PM ET Company Participants Cody Slach - IR, Gateway Group Bruce Young - Chief Executive Officer and Director Iain Humphries - CFO, Secretary & Director Conference Call Participants Andy Wittmann - Robert W. Baird & Co. Sam Kusswurm - William Blair Brent Thielman - D.A. Davidson & Co. Steven Fisher - UBS Operator Good afternoon, everyone, and thank you for participating in today's conference call to discuss Conc ...

Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock BBCP The Nasdaq Capital Market Large Accelerated Filer ☐ Accelerated Filer ☒ Non-Accelerated Filer ☐ Smaller Reporting Company ☒ Emerging growth company ☒ Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 30, 2021 OR ☐ TRANSITION R ...