Trade Concrete Pumping Holdings Inc - BBCP CFD

Concrete Pumping Holdings, Inc. Company profile

About Concrete Pumping Holdings Inc

Concrete Pumping Holdings, Inc. operates through its subsidiaries, including Brundage-Bone Concrete Pumping, Inc. (Brundage-Bone), Capital Pumping (Capital), Camfaud Group Limited (Camfaud), and Eco-Pan, Inc. (Eco-Pan). The Company operates through four segments: U.S. Concrete Pumping, U.K. Operations, U.S. Concrete Waste Management Services and Corporate. The U.S. Concrete Pumping segment consists of concrete pumping services sold to customers in the United States (U.S). The U.K. Operations segment consists of concrete pumping services and leasing of concrete pumping equipment to customers in the United Kingdom (U.K). The U.S. Concrete Waste Management Services segment consists of pans and containers rented to customers in the United States and the disposal of the concrete waste material services sold to customers in the U.S. The Corporate segment is primarily related to the intercompany leasing of real estate to certain of the U.S Concrete Pumping branches.

Financial summary

BRIEF: For the three months ended 31 January 2022, Concrete Pumping Holdings Inc revenues increased 21% to $85.4M. Net income applicable to common stockholders totaled $742K vs. loss of $12.8M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net Income reflects Loss on extinguishment of debt decrease from $15.5M (expense) to $0K, Interest Expense decrease of 9% to $6.3M (expense), Other income.