Concrete Pumping Holdings Inc

For the period ended Jul 31, 2024. Filed Sep 4, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jul 31, 2024 · Filed Sep 4, 2024

BBCP$10.10+0.3%Stored close · as of Nov 10, 2026

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Contents

Item 1. Condensed Consolidated Statements of Operations (Unaudited)

Condensed Consolidated Statements of Operations

	Three Months Ended July 31,		Nine Months Ended July 31,
(in thousands, except per share amounts)	2024	2023	2024	2023
Revenue	$109,617	$120,671	$314,390	$322,037
Cost of operations	65,112	71,187	194,804	192,625
Gross profit	44,505	49,484	119,586	129,412
General and administrative expenses	27,880	29,937	89,450	87,236
Income from operations	16,625	19,547	30,136	42,176
Other income (expense):
Interest expense and amortization of deferred financing costs	(6,318)	(7,066)	(19,744)	(21,285)
Change in fair value of warrant liabilities	-	911	130	6,639
Interest income	58	-	148	-
Other income (expense), net	276	262	360	296
Total other expense	(5,984)	(5,893)	(19,106)	(14,350)
Income before income taxes	10,641	13,654	11,030	27,826
Income tax expense	3,081	3,318	4,250	5,427
Net income	7,560	10,336	6,780	22,399
Less accretion of liquidation preference on preferred stock	(440)	(441)	(1,310)	(1,309)
Income available to common shareholders	$7,120	$9,895	$5,470	$21,090
Weighted average common shares outstanding
Basic	53,699	53,199	53,556	53,377
Diluted	53,775	54,105	54,191	54,263
Net income per common share
Basic	$0.13	$0.18	$0.10	$0.38
Diluted	$0.13	$0.18	$0.10	$0.38

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.