Concrete Pumping Holdings Q2 2024: Modest Revenue, Net Income

TL;DR

**Concrete Pumping Holdings Q2 2024: Revenue $1.06M, Net Income $0.98K. Assets $2.45M, Liabilities $53.74M.**

AI Summary

Concrete Pumping Holdings, Inc. filed its 10-Q for the period ending April 30, 2024. The company reported total assets of $2,450,980 and total liabilities of $53,741,044. For the three months ended April 30, 2024, revenue was $1,056, and net income was $978.

Why It Matters

This filing provides a snapshot of Concrete Pumping Holdings' financial health and operational performance for the recent quarter, impacting investor decisions.

Risk Assessment

Risk Level: low — The filing is a routine quarterly report with no immediately apparent significant negative events or disclosures.

Key Numbers

• $2.45M — Total Assets (As of April 30, 2024)
• $53.74M — Total Liabilities (As of April 30, 2024)
• $1.06K — Revenue (3 months) (For the period ended April 30, 2024)
• $0.98K — Net Income (3 months) (For the period ended April 30, 2024)

Key Players & Entities

• Concrete Pumping Holdings, Inc. (company) — Filer of the 10-Q
• Industrea Acquisition Corp. (company) — Former company name
• 20240430 (date) — End of reporting period
• $2,450,980 (dollar_amount) — Total assets
• $53,741,044 (dollar_amount) — Total liabilities
• $1,056 (dollar_amount) — Revenue for three months ended April 30, 2024
• $978 (dollar_amount) — Net income for three months ended April 30, 2024

FAQ

Key Financial Figures

• $0.0001 — ich registered Common Stock, par value $0.0001 per share BBCP The Nasdaq Stock Mar

Filing Documents

• bbpp20240430_10q.htm (10-Q) — 1780KB
• ex_644796.htm (EX-31.1) — 17KB
• ex_644797.htm (EX-31.2) — 17KB
• ex_644798.htm (EX-32.1) — 6KB
• ex_644799.htm (EX-32.2) — 6KB
• 0001437749-24-019495.txt ( ) — 7874KB
• bbcp-20240430.xsd (EX-101.SCH) — 67KB
• bbcp-20240430_cal.xml (EX-101.CAL) — 58KB
• bbcp-20240430_def.xml (EX-101.DEF) — 370KB
• bbcp-20240430_lab.xml (EX-101.LAB) — 309KB
• bbcp-20240430_pre.xml (EX-101.PRE) — 416KB
• bbpp20240430_10q_htm.xml (XML) — 1528KB

Financial Information

Part I. Financial Information Item 1.

Financial Statements

Financial Statements: Condensed Consolidated Balance Sheets (Unaudited) 3 Condensed Consolidated Statements of Operations (Unaudited) 4 Condensed Consolidated Statements of Comprehensive Income (Unaudited). 5 Condensed Consolidated Statements of Changes in Stockholders ' Equity (Unaudited) 6 Condensed Consolidated Statements of Cash Flows (Unaudited) 8 Notes to Unaudited Condensed Consolidated Financial Statements 9 Item 2. Management ' s Discussion and Analysis of Financial Condition and Results of Operations 24 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 37 Item 4.

Controls and Procedures

Controls and Procedures 37

Other Information

Part II. Other Information Item 1.

Legal Proceedings

Legal Proceedings 38 Item 1A.

Risk Factors

Risk Factors 38 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 38 Item 3. Defaults Upon Senior Securities 39 Item 4. Mine Safety Disclosures 39 Item 5. Other Information 39 Item 6. Exhibits 39

Signatures

Signatures 40 2 Table of Contents PART I

Financial Statements

ITEM 1. Financial Statements Concrete Pumping Holdings, Inc. Condensed Consolidated Balance Sheets (Unaudited) As of April 30, As of October 31, (in thousands, except per share amounts) 2024 2023 Current assets: Cash and cash equivalents $ 17,956 $ 15,861 Receivables, net of allowance for doubtful accounts of $ 1,056 and $ 978 , respectively 56,909 62,976 Inventory 6,202 6,732 Prepaid expenses and other current assets 18,392 8,701 Total current assets 99,459 94,270 Property, plant and equipment, net 426,884 427,648 Intangible assets, net 112,756 120,244 Goodwill 222,295 221,517 Right-of-use operating lease assets 27,226 24,815 Other non-current assets 4,506 14,250 Deferred financing costs 1,587 1,781 Total assets $ 894,713 $ 904,525 Current liabilities: Revolving loan $ 16,428 $ 18,954 Operating lease obligations, current portion 4,673 4,739 Finance lease obligations, current portion - 125 Accounts payable 8,417 8,906 Accrued payroll and payroll expenses 12,804 14,524 Accrued expenses and other current liabilities 35,956 34,750 Income taxes payable 1,695 1,848 Warrant liability, current portion - 130 Total current liabilities 79,973 83,976 Long term debt, net of discount for deferred financing costs 372,564 371,868 Operating lease obligations, non-current 22,819 20,458 Finance lease obligations, non-current - 50 Deferred income taxes 80,489 80,791 Other liabilities, non-current 5,567 14,142 Total liabilities 561,412 571,285 Commitments and contingencies ( Note 13 ) Zero-dividend convertible perpetual preferred stock, $ 0.0001 par value, 2,450,980 shares issued and outstanding as of April 30, 2024 and October 31, 2023 25,000 25,000 Stockholders' equity Common stock, $ 0.0001 par value, 500,000,000 shares authorized, 53,741,044 and 54,757,445 issued and outstanding as of April 30, 2024 and October 31, 2023, respectively 6 6 Additional paid-in capital 384,5

View Full Filing

View this 10-Q filing on SEC EDGAR