Exhibit 99.1 Concrete Pumping Holdings Reports Third Quarter Fiscal Year 2024 Results DENVER, CO – September 4, 2024 – Concrete Pumping Holdings, Inc. (Nasdaq: BBCP) (the "Company" or "CPH"), a leading provider of concrete pumping and waste management services in the U.S. and U.K., reported financial results for the third quarter ended July 31, 2024. Third Quarter Fiscal Year 2024 Summary vs. Third Quarter of Fiscal Year 2023 (unless otherwise noted) ● Revenue of $109.6 million compared to $120.7 million. ● ...

DENVER, Aug. 21, 2024 (GLOBE NEWSWIRE) -- Concrete Pumping Holdings, Inc. (Nasdaq: BBCP) (“CPH” or the “Company”), a leading provider of concrete pumping and waste management services in the U.S. and U.K., will hold a conference call on Wednesday, September 4, 2024, at 5:00 p.m. Eastern Time to discuss its financial results for the third quarter ended July 31, 2024. The Company will report its financial results in a press release prior to the conference call. CPH’s CEO Bruce Young and CFO Iain Humphries wil ...

Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) Q2 2024 Earnings Call Transcript June 6, 2024 5:00 PM ET Company Participants Cody Slach - IR, Gateway Group Bruce Young - CEO & Director Iain Humphries - CFO & Director Conference Call Participants Luke McFadden - William Blair Stanley Elliott - Stifel, Nicolaus & Company Avi Jaroslawicz - UBS Securities Jean Ramirez - D.A. Davidson Steven Fisher - UBS Operator Good afternoon, everyone, and thank you for participating in today's conference call to discuss Concr ...

Company Performance - Concrete Pumping reported quarterly earnings of $0.05 per share, missing the Zacks Consensus Estimate of $0.07 per share, and down from $0.09 per share a year ago, representing an earnings surprise of -28.57% [1] - The company posted revenues of $107.06 million for the quarter ended April 2024, missing the Zacks Consensus Estimate by 3.55%, and down from $107.79 million year-over-year [1] - Over the last four quarters, Concrete Pumping has surpassed consensus EPS estimates only once and has topped consensus revenue estimates two times [1] Stock Performance - Concrete Pumping shares have declined approximately 8.8% since the beginning of the year, contrasting with the S&P 500's gain of 12.3% [2] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [4] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.20 on revenues of $125.68 million, and for the current fiscal year, it is $0.40 on revenues of $462.28 million [4] - The estimate revisions trend for Concrete Pumping is mixed, and changes in estimates for the coming quarters and current fiscal year are anticipated following the recent earnings report [4] Industry Context - The Waste Removal Services industry, to which Concrete Pumping belongs, is currently ranked in the bottom 47% of over 250 Zacks industries, indicating potential challenges for stock performance [5] - Radius Recycling, another company in the same industry, is expected to report a quarterly loss of $0.87 per share, reflecting a year-over-year change of -229.9%, with revenues anticipated to be $721.6 million, down 10.9% from the previous year [5][6]

Part I. Financial Information [Item 1. Financial Statements](index=4&type=section&id=Item%201.%20Financial%20Statements) Presents unaudited condensed consolidated financial statements, including balance sheets, operations, comprehensive income, equity, cash flows, and detailed notes [Condensed Consolidated Balance Sheets (Unaudited)](index=4&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Condensed Consolidated Balance Sheets (in thousands) | Metric (in thousands) | April 30, 2024 | October 31, 2023 | Change ($) | Change (%) | | :-------------------- | :------------- | :--------------- | :--------- | :--------- | | Total Assets | $894,713 | $904,525 | $(9,812) | (1.1)% | | Total Liabilities | $561,412 | $571,285 | $(9,873) | (1.7)% | | Total Stockholders' Equity | $308,301 | $308,240 | $61 | 0.0% | | Current Assets | $99,459 | $94,270 | $5,189 | 5.5% | | Current Liabilities | $79,973 | $83,976 | $(4,003) | (4.8)% | | Working Capital | $19,486 | $10,294 | $9,192 | 89.3% | [Condensed Consolidated Statements of Operations (Unaudited)](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) Three Months Ended April 30 | Metric (in thousands) | 2024 | 2023 | Change ($) | Change (%) | | :-------------------- | :-------- | :-------- | :--------- | :--------- | | Revenue | $107,062 | $107,791 | $(729) | (0.7)% | | Cost of operations | $65,295 | $64,317 | $978 | 1.5% | | Gross profit | $41,767 | $43,474 | $(1,707) | (3.9)% | | General and administrative expenses | $29,712 | $30,258 | $(546) | (1.8)% | | Income from operations| $12,055 | $13,216 | $(1,161) | (8.8)% | | Total other expense | $(6,829) | $(6,163) | $(666) | 10.8% | | Income before income taxes | $5,226 | $7,053 | $(1,827) | (25.9)% |\n| Income tax expense | $2,180 | $1,465 | $715 | 48.8% | | Net income | $3,046 | $5,588 | $(2,542) | (45.5)% | | Income (loss) available to common shareholders | $2,616 | $5,161 | $(2,545) | (49.3)% | | Basic EPS | $0.05 | $0.09 | $(0.04) | (44.4)% | | Diluted EPS | $0.05 | $0.09 | $(0.04) | (44.4)% | Six Months Ended April 30 | Metric (in thousands) | 2024 | 2023 | Change ($) | Change (%) | | :-------------------- | :-------- | :-------- | :--------- | :--------- |\n| Revenue | $204,773 | $201,366 | $3,407 | 1.7% | | Cost of operations | $129,692 | $121,438 | $8,254 | 6.8% | | Gross profit | $75,081 | $79,928 | $(4,847) | (6.1)% | | General and administrative expenses | $61,570 | $57,299 | $4,271 | 7.5% | | Income from operations| $13,511 | $22,629 | $(9,118) | (40.3)% | | Total other expense | $(13,122) | $(8,457) | $(4,665) | 55.2% | | Income before income taxes | $389 | $14,172 | $(13,783) | (97.3)% | | Income tax expense | $1,169 | $2,109 | $(940) | (44.6)% | | Net income (loss) | $(780) | $12,063 | $(12,843) | (1064.7)% | | Income (loss) available to common shareholders | $(1,650) | $11,195 | $(12,845) | (114.7)% | | Basic EPS | $(0.03) | $0.20 | $(0.23) | (115.0)% | | Diluted EPS | $(0.03) | $0.20 | $(0.23) | (115.0)% | [Condensed Consolidated Statements of Comprehensive Income (Unaudited)](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Comprehensive%20Income) Three Months Ended April 30 | Metric (in thousands) | 2024 | 2023 | Change ($) | Change (%) | | :-------------------- | :------- | :------- | :--------- | :--------- |\n| Net income (loss) | $3,046 | $5,588 | $(2,542) | (45.5)% | | Foreign currency translation adjustment | $(1,529) | $1,678 | $(3,207) | (191.1)% | | Total comprehensive income | $1,517 | $7,266 | $(5,749) | (79.1)% | Six Months Ended April 30 | Metric (in thousands) | 2024 | 2023 | Change ($) | Change (%) |\n| :-------------------- | :------- | :------- | :--------- | :--------- |\n| Net income (loss) | $(780) | $12,063 | $(12,843) | (1064.7)% | | Foreign currency translation adjustment | $2,559 | $6,730 | $(4,171) | (62.0)% | | Total comprehensive income | $1,779 | $18,793 | $(17,014) | (90.5)% | [Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited)](index=8&type=section&id=Condensed%20Consolidated%20Statements%20of%20Changes%20in%20Stockholders%27%20Equity) Changes in Stockholders' Equity (Six Months Ended April 30, 2024) | Metric (in thousands) | Amount |\n| :------------------------------------ | :--------- |\n| Balance, October 31, 2023 | $308,240 | | Stock-based compensation expense | $1,273 | | Treasury shares purchased for tax withholding | $(1,500) | | Treasury shares purchased under share repurchase program | $(1,517) | | Net income (loss) | $(780) | | Foreign currency translation adjustment | $2,559 | | Balance, April 30, 2024 | $308,301 | [Condensed Consolidated Statements of Cash Flows (Unaudited)](index=10&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Six Months Ended April 30 | Metric (in thousands) | 2024 | 2023 | Change ($) | Change (%) |\n| :------------------------------------ | :--------- | :--------- | :--------- | :--------- |\n| Net cash provided by operating activities | $29,445 | $31,092 | $(1,647) | (5.3)% | | Net cash used in investing activities | $(23,581) | $(31,129) | $7,548 | 24.2% | | Net cash used in financing activities | $(4,135) | $(1,052) | $(3,083) | (293.1)% | | Effect of foreign currency exchange rate changes on cash | $366 | $250 | $116 | 46.4% | | Net increase (decrease) in cash and cash equivalents | $2,095 | $(839) | $2,934 | 349.7% | | Cash and cash equivalents, beginning of period | $15,861 | $7,482 | $8,379 | 112.0% | | Cash and cash equivalents, end of period | $17,956 | $6,643 | $11,313 | 170.3% | [Notes to the Condensed Consolidated Financial Statements (Unaudited)](index=

[Overall Performance and Outlook](index=1&type=section&id=Overall%20Performance%20and%20Outlook) [Second Quarter Fiscal Year 2024 Financial Highlights](index=1&type=section&id=Second%20Quarter%20Fiscal%20Year%202024%20Financial%20Highlights) Concrete Pumping Holdings reported nearly flat revenue in Q2 FY2024, while net income and Adjusted EBITDA declined, yet total available liquidity significantly increased Q2 FY2024 Key Financial Metrics (vs. Q2 FY2023) | Metric | Q2 FY2024 | Q2 FY2023 | | :--- | :--- | :--- | | Revenue | $107.1 million | $107.8 million | | Gross Profit | $41.8 million | $43.5 million | | Income from Operations | $12.1 million | $13.2 million | | Net Income | $3.0 million | $5.6 million | | Diluted EPS | $0.05 | $0.09 | | Adjusted EBITDA | $27.5 million | $28.8 million | | Adjusted EBITDA Margin | 25.7% | 26.7% | - Total available liquidity significantly increased to **$216.9 million** as of April 30, 2024, compared to **$100.4 million** in the prior year[1](index=1&type=chunk) - As of April 30, 2024, the company had **$391.4 million** in outstanding debt and net debt of **$373.5 million**[1](index=1&type=chunk) [Management Commentary](index=1&type=section&id=Management%20Commentary) Management highlighted strong growth in waste management offsetting concrete pumping declines due to project delays and weather, while remaining optimistic about full-year revenue and free cash flow - The U.S. Concrete Pumping segment experienced a volume decline due to delayed commercial work and above-average rainfall in Texas and the southwestern U.S[2](index=2&type=chunk) - Infrastructure project revenue increased by **14%** year-over-year, believed to be driven by federal and state funding from the Infrastructure Investment and Jobs Act[2](index=2&type=chunk) - The Concrete Waste Management business continued its strong performance, with revenue growing **19%** due to increased market share and improved pricing[3](index=3&type=chunk) - The company is positioned to deliver full-year revenue growth and maintain its free cash flow outlook, aiming to achieve its target leverage ratio[4](index=4&type=chunk) [Fiscal Year 2024 Outlook](index=2&type=section&id=Fiscal%20Year%202024%20Outlook) The company updated its FY2024 guidance, projecting revenue between $455.0 million and $465.0 million, Adjusted EBITDA of $120.0 million to $125.0 million, and maintaining its free cash flow outlook Fiscal Year 2024 Guidance | Metric | Expected Range/Target | | :--- | :--- | | Revenue | $455.0M - $465.0M | | Adjusted EBITDA | $120.0M - $125.0M | | Free Cash Flow | At least $75.0M | | Leverage Ratio (by Oct 31, 2024) | ~2.75x | [Detailed Financial Results](index=2&type=section&id=Detailed%20Financial%20Results) [Consolidated Financial Performance](index=2&type=section&id=Consolidated%20Financial%20Performance) Consolidated revenue slightly decreased to $107.1 million in Q2 FY2024, leading to declines in gross profit, net income, and Adjusted EBITDA, primarily due to U.S. Concrete Pumping slowdown - Q2 revenue decreased slightly to **$107.1 million**, impacted by a slowdown in commercial construction, market oversaturation of pumps, and poor weather, offset by strong growth in Concrete Waste Management[5](index=5&type=chunk) - Gross margin decreased to **39.0%** from **40.3%** in the prior year quarter, primarily due to lower revenue and labor utilization in U.S. Concrete Pumping and increased insurance costs[6](index=6&type=chunk) - General and administrative (G&A) expenses decreased to **$29.7 million** from **$30.2 million**, mainly due to lower amortization expense and stock-based compensation[6](index=6&type=chunk) - Net income attributable to common shareholders was **$2.6 million**, or **$0.05** per diluted share, compared to **$5.2 million**, or **$0.09** per diluted share, in the prior year quarter[7](index=7&type=chunk) [Segment Performance](index=2&type=section&id=Segment%20Performance) Q2 2024 segment performance was mixed, with U.S. Concrete Pumping revenue declining, U.K. Operations showing modest growth, and U.S. Concrete Waste Management Services achieving strong revenue and Adjusted EBITDA increases [U.S. Concrete Pumping](index=2&type=section&id=U.S.%20Concrete%20Pumping) The U.S. Concrete Pumping segment experienced a 5% revenue decrease to $74.6 million in Q2 2024, resulting in a net loss and lower Adjusted EBITDA due to volume declines U.S. Concrete Pumping Q2 Performance (vs. Q2 2023) | Metric | Q2 FY2024 | Q2 FY2023 | | :--- | :--- | :--- | | Revenue | $74.6 million | $78.4 million | | Net Income (Loss) | ($1.0 million) | $0.8 million | | Adjusted EBITDA | $17.2 million | $19.3 million | [U.K. Operations](index=2&type=section&id=U.K.%20Operations) U.K. Operations saw a 2% revenue increase to $15.5 million, with net income growing 11% and Adjusted EBITDA rising 8% due to improved rates and fuel prices U.K. Operations Q2 Performance (vs. Q2 2023) | Metric | Q2 FY2024 | Q2 FY2023 | | :--- | :--- | :--- | | Revenue | $15.5 million | $15.2 million | | Net Income | $1.0 million | $0.9 million | | Adjusted EBITDA | $4.1 million | $3.8 million | [U.S. Concrete Waste Management Services](index=2&type=section&id=U.S.%20Concrete%20Waste%20Management%20Services) U.S. Concrete Waste Management Services achieved strong performance with a 19% revenue increase to $16.9 million, leading to an 11% rise in net income and an 8% increase in Adjusted EBITDA U.S. Concrete Waste Management Q2 Performance (vs. Q2 2023) | Metric | Q2 FY2024 | Q2 FY2023 | | :--- | :--- | :--- | | Revenue | $16.9 million | $14.2 million | | Net Income | $3.0 million | $2.7 million | | Adjusted EBITDA | $6.2 million | $5.7 million | [Liquidity and Financial Position](index=2&type=section&id=Liquidity%20and%20Financial%20Position) As of April 30, 2024, the company maintained a strong liquidity position with $216.9 million available, total debt outstanding of $391.4 million, and net debt of $373.5 million Liquidity and Debt as of April 30, 2024 | Metric | Amount | | :--- | :--- | | Debt Outstanding | $391.4 million | | Net Debt | $373.5 million | | Total Available Liquidity | $216.9 million | [Financial Statements and Reconciliations](index=8&type=section&id=Financial%20Statements%20and%20Reconciliations) [Condensed Consolidated Financial Statements](index=8&type=section&id=Condensed%20Consolidated%20Financial%20Statements) The condensed consolidated financial statements show a slight decrease in total assets and liabilities, with lower net income for both the three and six-month periods, and a slight decrease in cash from operations [Balance Sheets](index=8&type=section&id=Balance%20Sheets) As of April 30, 2024, total assets slightly decreased to $894.7 million, total liabilities decreased to $561.4 million, and stockholders' equity remained stable Condensed Balance Sheet Data (in thousands) | Account | April 30, 2024 | October 31, 2023 | | :--- | :--- | :--- | | Total Current Assets | $99,459 | $94,270 | | Total Assets | $894,713 | $904,525 | | Total Current Liabilities | $79,973 | $83,976 | | Total Liabilities | $561,412 | $571,285 | | Total Stockholders' Equity | $308,301 | $308,240 | [Statements of Operations](index=9&type=section&id=Statements%20of%20Operations) For the three months ended April 30, 2024, net income was $3.0 million on $107.1 million revenue, while the six-month period recorded a net loss of $0.8 million Condensed Statement of Operations (in thousands) | Metric | Three Months Ended April 30, 2024 | Three Months Ended April 30, 2023 | | :--- | :--- | :--- | | Revenue | $107,062 | $107,791 | | Gross Profit | $41,767 | $43,474 | | Income from Operations | $12,055 | $13,216 | | Net Income | $3,046 | $5,588 | [Statements of Cash Flows](index=10&type=section&id=Statements%20of%20Cash%20Flows) For the six months ended April 30, 2024, net cash from operating activities was $29.4 million, with decreased cash used in investing activities and $4.1 million used in financing activities Condensed Statement of Cash Flows (Six Months Ended April 30, in thousands) | Cash Flow Activity | 2024 | 2023 | | :--- | :--- | :--- | | Net cash provided by operating activities | $29,445 | $31,092 | | Net cash used in investing activities | ($23,581) | ($31,129) | | Net cash provided by (used in) financing activities | ($4,135) | ($1,052) | | Net increase (decrease) in cash | $2,095 | ($839) | [Non-GAAP Reconciliations and Other Financial Data](index=11&type=section&id=Non-GAAP%20Reconciliations%20and%20Other%20Financial%20Data) This section provides detailed reconciliations of non-GAAP measures, including Adjusted EBITDA and net debt, along with segment performance breakdowns and notes on reclassification of certain activities - Beginning in Q1 2024, the company reclassified certain assets and related results into the U.S. Concrete Pumping segment and adjusted its corporate allocation methodology for segment Adjusted EBITDA, with prior period results recast for conformity[30](index=30&type=chunk) Reconciliation of Net Income to Adjusted EBITDA (Q2 2024, in thousands) | Line Item | Amount | | :--- | :--- | | Net income | $3,046 | | Interest expense | $6,873 | | Income tax expense | $2,180 | | Depreciation and amortization | $14,239 | | **EBITDA** | **$26,338** | | Stock based compensation & other adjustments | $1,210 | | **Adjusted EBITDA** | **$27,548** | Net Debt Trend (in thousands) | Date | Net Debt | | :--- | :--- | | April 30, 2023 | $429,304 | | October 31, 2023 | $378,093 | | April 30, 2024 | $373,472 | [Supplementary Information](index=4&type=section&id=Supplementary%20Information) [About the Company](index=4&type=section&id=About%20the%20Company) Concrete Pumping Holdings is a leading provider of concrete pumping and waste management services in the U.S. and U.K., operating under key national brands - The company is a leading provider of concrete pumping and waste management services in the U.S. and U.K[15](index=15&type=chunk) - Key operating brands include Brundage-Bone in the U.S., Camfaud in the U.K., and Eco-Pan in both markets[15](index=15&type=chunk) [Conference Call Information](index=4&type=section&id=Conference%20Call%20Information) The company held a conference call on June 6, 2024, to discuss Q2 2024 results, with a replay available until June 13, 2024 - A conference call was held on Thursday, June 6, 2024, at 5:00 p.m. Eastern time to discuss the results[13](index=13&type=chunk) - A replay of the call is available until June 13, 2024[14](index=14&type=chunk) [Non-GAAP Financial Measures Definition](index=6&type=section&id=Non-GAAP%20Financial%20Measures%20Definition) The company utilizes non-GAAP financial measures like Adjusted EBITDA and net debt to provide supplemental information, with definitions and reconciliations included in the financial tables - The company uses non-GAAP measures such as Adjusted EBITDA, net debt, and free cash flow to provide supplemental information on financial and business trends[17](index=17&type=chunk)[19](index=19&type=chunk) - Adjusted EBITDA is calculated by taking net income and adding back interest, taxes, D&A, and other specific adjustments like transaction expenses and stock-based compensation[18](index=18&type=chunk) - Forward-looking non-GAAP guidance is not reconciled to GAAP measures due to the lack of predictability of reconciling items[22](index=22&type=chunk) [Forward-Looking Statements](index=4&type=section&id=Forward-Looking%20Statements) This press release contains forward-looking statements regarding future performance and the fiscal year 2024 outlook, which are subject to significant risks and uncertainties - The report includes forward-looking statements concerning future performance and the fiscal 2024 outlook[16](index=16&type=chunk) - Key risks that could affect results include inflation, global economic conditions, fuel costs, adverse weather, and changes in regulations[16](index=16&type=chunk)

Core Viewpoint - Concrete Pumping Holdings, Inc. reported a slight decline in revenue and net income for the second quarter of fiscal year 2024, primarily due to challenges in the U.S. Concrete Pumping segment, which were partially offset by strong growth in the Concrete Waste Management segment [1][5][7]. Financial Results - Revenue for Q2 FY 2024 was $107.1 million, down from $107.8 million in Q2 FY 2023 [1][5]. - Gross profit decreased to $41.8 million from $43.5 million, with a gross margin of 39.0% compared to 40.3% [1][6]. - Income from operations fell to $12.1 million from $13.2 million [1][6]. - Net income was $3.0 million, down from $5.6 million, with net income attributable to common shareholders at $2.6 million or $0.05 per diluted share, compared to $5.2 million or $0.09 per diluted share in the prior year [1][7]. - Adjusted EBITDA decreased to $27.5 million from $28.8 million, with an adjusted EBITDA margin of 25.7% compared to 26.7% [1][8]. Segment Performance - U.S. Concrete Pumping segment revenue decreased by 5% to $74.6 million, attributed to a slowdown in commercial construction, oversaturation of concrete pumps, and adverse weather conditions [1][10]. - U.K. Operations saw a 2% increase in revenue to $15.5 million, with net income rising 11% to $1.0 million [1][11]. - U.S. Concrete Waste Management Services revenue increased by 19% to $16.9 million, driven by organic growth and pricing improvements [1][12]. Management Commentary - The CEO noted that double-digit revenue growth in the U.S. Concrete Waste Management segment offset declines in the U.S. Concrete Pumping segment, which faced delays due to high interest rates and weather conditions [2][3]. - The company remains optimistic about the remainder of the year, citing a diversified business model and operational flexibility as key strengths [4]. Liquidity and Debt - As of April 30, 2024, the company had $391.4 million in debt, with net debt at $373.5 million and total available liquidity of $216.9 million [1][9]. Fiscal Year 2024 Outlook - The company expects fiscal year 2024 revenue to range between $455.0 million to $465.0 million and adjusted EBITDA to be between $120.0 million to $125.0 million, maintaining an outlook for free cash flow of at least $75.0 million [1][13].

DENVER, May 23, 2024 (GLOBE NEWSWIRE) -- Concrete Pumping Holdings, Inc. (Nasdaq: BBCP) (“CPH” or the “Company”), a leading provider of concrete pumping and waste management services in the U.S. and U.K., will hold a conference call on Thursday, June 6, 2024, at 5:00 p.m. Eastern time to discuss its financial results for the second quarter ended April 30, 2024. The Company will report its financial results in a press release prior to the conference call. CPH’s CEO Bruce Young and CFO Iain Humphries will hos ...

DENVER, May 23, 2024 (GLOBE NEWSWIRE) -- Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) ("CPH" or the "Company"), a leading provider of concrete pumping and waste management services in the U.S. and U.K., will hold a conference call on Thursday, June 6, 2024, at 5:00 p.m. Eastern time to discuss its financial results for the second quarter ended April 30, 2024. The Company will report its financial results in a press release prior to the conference call. CPH's CEO Bruce Young and CFO Iain Humphries will host ...

Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) Q1 2024 Earnings Conference Call March 7, 2024 5:00 PM ET Company Participants Cody Slach - IR, Gateway Group Bruce Young - CEO & Director Iain Humphries - CFO & Director Conference Call Participants Andrew Wittmann - Robert W. Baird & Co. Jean Ramirez - D.A. Davidson Companies Stanley Elliott - Stifel, Nicolaus & Company Tim Mulrooney - William Blair Avi Jaroslawicz - UBS Securities Operator Good afternoon, everyone. And thank you for participating in today's ...