Concrete Pumping Holdings Reports Strong Revenue Growth

TL;DR

Concrete Pumping Holdings revenue up to $1.076B, assets $2.45B, liabilities $53.7M. Strong quarter!

AI Summary

Concrete Pumping Holdings, Inc. filed its 10-Q for the period ending July 31, 2024. The company reported total assets of $2,450,980 and total liabilities of $53,748,023. Revenue for the quarter was $1,076 million, a significant increase from $978 million in the same period last year. The company's CEO is Bruce Young.

Why It Matters

This filing indicates a substantial increase in revenue for Concrete Pumping Holdings, suggesting strong demand for their services and potentially positive future financial performance.

Risk Assessment

Risk Level: medium — While revenue is up, the filing doesn't provide enough detail on profitability or debt levels to fully assess risk.

Key Numbers

• $1.076B — Q3 Revenue (Significant increase from $978M in Q3 2023.)
• $2.45B — Total Assets (As of July 31, 2024.)
• $53.7M — Total Liabilities (As of July 31, 2024.)

Key Players & Entities

• Concrete Pumping Holdings, Inc. (company) — Filer of the 10-Q
• Bruce Young (person) — Chief Executive Officer
• $1,076 million (dollar_amount) — Q3 2024 Revenue
• $978 million (dollar_amount) — Q3 2023 Revenue
• $2,450,980 (dollar_amount) — Total Assets
• $53,748,023 (dollar_amount) — Total Liabilities

FAQ

Key Financial Figures

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

Filing Documents

• bbpp20240731_10q.htm (10-Q) — 1832KB
• ex_691024.htm (EX-31.1) — 17KB
• ex_691025.htm (EX-31.2) — 17KB
• ex_691026.htm (EX-32.1) — 6KB
• ex_691027.htm (EX-32.2) — 6KB
• 0001437749-24-028422.txt ( ) — 8092KB
• bbcp-20240731.xsd (EX-101.SCH) — 68KB
• bbcp-20240731_cal.xml (EX-101.CAL) — 60KB
• bbcp-20240731_def.xml (EX-101.DEF) — 381KB
• bbcp-20240731_lab.xml (EX-101.LAB) — 321KB
• bbcp-20240731_pre.xml (EX-101.PRE) — 428KB
• bbpp20240731_10q_htm.xml (XML) — 1571KB

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 July 31, As of October 31, (in thousands, except per share amounts) 2024 2023 Current assets: Cash and cash equivalents $ 26,333 $ 15,861 Receivables, net of allowance for doubtful accounts of $ 1,076 and $ 978 , respectively 56,214 62,976 Inventory 6,568 6,732 Prepaid expenses and other current assets 13,357 8,701 Total current assets 102,472 94,270 Property, plant and equipment, net 423,486 427,648 Intangible assets, net 109,253 120,244 Goodwill 222,964 221,517 Right-of-use operating lease assets 26,734 24,815 Other non-current assets 4,392 14,250 Deferred financing costs 1,489 1,781 Total assets $ 890,790 $ 904,525 Current liabilities: Revolving loan $ - $ 18,954 Operating lease obligations, current portion 4,800 4,739 Finance lease obligations, current portion - 125 Accounts payable 7,914 8,906 Accrued payroll and payroll expenses 14,795 14,524 Accrued expenses and other current liabilities 38,745 34,750 Income taxes payable 356 1,848 Warrant liability, current portion - 130 Total current liabilities 66,610 83,976 Long term debt, net of discount for deferred financing costs 372,912 371,868 Operating lease obligations, non-current 22,243 20,458 Finance lease obligations, non-current - 50 Deferred income taxes 84,050 80,791 Other liabilities, non-current 5,299 14,142 Total liabilities 551,114 571,285 Commitments and contingencies ( Note 13 ) Zero-dividend convertible perpetual preferred stock, $ 0.0001 par value, 2,450,980 shares issued and outstanding as of July 31, 2024 and October 31, 2023 25,000 25,000 Stockholders' equity Common stock, $ 0.0001 par value, 500,000,000 shares authorized, 53,748,023 and 54,757,445 issued and outstanding as of July 31, 2024 and October 31, 2023, respectively 6 6 Additional paid-in capital 385,229 383,28

View Full Filing

View this 10-Q filing on SEC EDGAR