Concrete Pumping Holdings Inc
For the period ended Apr 30, 2024. Filed Jun 6, 2024.
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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.
Apr 30, 2024 · Filed Jun 6, 2024
BBCP$10.10+0.3%Stored close · as of Nov 10, 2026
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Item 1. Condensed Consolidated Statements of Operations (Unaudited)
Condensed Consolidated Statements of Operations
| Three Months Ended April 30, | Six Months Ended April 30, | |||
|---|---|---|---|---|
| (in thousands, except per share amounts) | 2024 | 2023 | 2024 | 2023 |
| Revenue | $107,062 | $107,791 | $204,773 | $201,366 |
| Cost of operations | 65,295 | 64,317 | 129,692 | 121,438 |
| Gross profit | 41,767 | 43,474 | 75,081 | 79,928 |
| General and administrative expenses | 29,712 | 30,258 | 61,570 | 57,299 |
| Income from operations | 12,055 | 13,216 | 13,511 | 22,629 |
| Other income (expense): | ||||
| Interest expense and amortization of deferred financing costs | (6,873) | (7,348) | (13,336) | (14,219) |
| Change in fair value of warrant liabilities | - | 1,172 | 130 | 5,728 |
| Other income (expense), net | 44 | 13 | 84 | 34 |
| Total other expense | (6,829) | (6,163) | (13,122) | (8,457) |
| Income before income taxes | 5,226 | 7,053 | 389 | 14,172 |
| Income tax expense | 2,180 | 1,465 | 1,169 | 2,109 |
| Net income (loss) | 3,046 | 5,588 | (780) | 12,063 |
| Less accretion of liquidation preference on preferred stock | (430) | (427) | (870) | (868) |
| Income (loss) available to common shareholders | $2,616 | $5,161 | $(1,650) | $11,195 |
| Weighted average common shares outstanding | ||||
| Basic | 53,430 | 53,330 | 53,501 | 53,468 |
| Diluted | 54,380 | 54,225 | 53,501 | 54,343 |
| Net income (loss) per common share | ||||
| Basic | $0.05 | $0.09 | $(0.03) | $0.20 |
| Diluted | $0.05 | $0.09 | $(0.03) | $0.20 |
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