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Concrete Pumping Holdings Reports Third Quarter Fiscal Year 2025 Results
Globenewswire· 2025-09-04 20:05
Core Viewpoint - Concrete Pumping Holdings, Inc. reported a decline in revenue and net income for the third quarter of fiscal year 2025, primarily due to ongoing deferrals in commercial construction demand and softness in residential construction, exacerbated by high interest rates and adverse weather conditions [4][6][9]. Financial Results - Revenue for Q3 FY 2025 was $103.7 million, down from $109.6 million in Q3 FY 2024, representing a decrease of 5.4% [4][10]. - Gross profit decreased to $40.4 million from $44.5 million, with a gross margin decline of 160 basis points to 39.0% [5][10]. - Net income fell to $3.7 million, compared to $7.6 million in the prior year, with net income attributable to common shareholders at $3.3 million, or $0.07 per diluted share [6][10]. - Adjusted EBITDA was $26.8 million, down from $31.6 million, with an adjusted EBITDA margin of 25.8%, compared to 28.8% in the prior year [7][10]. Segment Performance - U.S. Concrete Pumping revenue was $69.3 million, a decrease of 7.9% from $75.2 million in the prior year, with net income dropping to $1.6 million from $5.0 million [9][34]. - U.S. Concrete Waste Management Services saw a revenue increase of 4% to $19.3 million, driven by organic volume growth and pricing improvements [11][34]. - U.K. Operations revenue decreased to $15.1 million from $15.9 million, with a 10% decline when excluding foreign currency translation effects [12][34]. Liquidity and Debt - As of July 31, 2025, the company had outstanding debt of $425.0 million and net debt of $384.0 million, with total available liquidity of $358.0 million [8][10]. Fiscal Year 2025 Outlook - The company expects FY 2025 revenue to range between $380.0 million to $390.0 million, with adjusted EBITDA projected between $95.0 million to $100.0 million, and free cash flow around $45.0 million [13].
Concrete Pumping Holdings Sets Third Quarter 2025 Earnings Conference Call for Thursday, September 4, 2025
Globenewswire· 2025-08-21 12:30
Core Viewpoint - Concrete Pumping Holdings, Inc. (CPH) will hold a conference call on September 4, 2025, to discuss its financial results for the third quarter ended July 31, 2025 [1][2] Company Overview - CPH is a leading provider of concrete pumping and waste management services in the U.S. and U.K., operating under established national brands: Brundage-Bone in the U.S., Camfaud in the U.K., and Eco-Pan for waste management [3] - The company operates approximately 90 branch locations across 22 states in the U.S. and 35 branch locations in the U.K. for concrete pumping services, along with 21 operating locations in the U.S. and one in the U.K. for route-based concrete waste management services [3] Conference Call Details - The conference call will be hosted by CEO Bruce Young and CFO Iain Humphries, followed by a Q&A session [2] - Participants can join the call using the toll-free number 1-877-407-9039 or the international number 1-201-689-8470, with a conference ID of 13755065 [2] - A live broadcast of the conference call will be available, and a replay will be accessible after 8:00 p.m. Eastern Time on the same day through September 11, 2025 [3]
Concrete Pumping Holdings Sets Second Quarter 2025 Earnings Conference Call for Thursday, June 5, 2025
Globenewswire· 2025-05-27 20:05
Core Viewpoint - Concrete Pumping Holdings, Inc. (CPH) will hold a conference call on June 5, 2025, to discuss its financial results for the second quarter ended April 30, 2025 [1][2]. Company Overview - CPH is a leading provider of concrete pumping and waste management services in the U.S. and U.K., operating under established national brands: Brundage-Bone in the U.S., Camfaud in the U.K., and Eco-Pan for waste management [3]. - The company operates approximately 90 branch locations across 22 states in the U.S. and 35 branch locations in the U.K. as of January 31, 2025 [3]. - CPH's services aim to deliver labor cost savings, shorten concrete placement times, enhance worksite safety, and improve construction quality [3]. Conference Call Details - The conference call will be hosted by CEO Bruce Young and CFO Iain Humphries, followed by a Q&A session [2]. - The call is scheduled for June 5, 2025, at 5:00 p.m. Eastern Time, with dial-in numbers provided for both toll-free and international participants [2]. - A replay of the conference call will be available after 8:00 p.m. Eastern Time on the same day through June 12, 2025 [3].