Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) Q3 2023 Results Conference Call September 7, 2023 5:00 PM ET Company Participants Bruce Young - CEO Iain Humphries - CFO Cody Slach - External Director, IR Conference Call Participants Steven Fisher - UBS Sam Kusswurm - William Blair Andy Wittmann - Baird Operator Good afternoon, everyone, and thank you for participating in today's conference call to discuss Concrete Pumping Holdings' financial results for the third quarter ended July 31, 2023. Joining us today ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____ to ____ Commission File Number: 001-38166 CONCRETE PUMPING HOLDINGS, INC. (Exact name of Registrant as specified in its charter) Delawar ...

Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) Q2 2023 Earnings Conference Call June 8, 2023 5:00 PM ET Company Participants Cody Slach - Gateway Group, Inc., Investor Relations Bruce Young - Chief Executive Officer Iain Humphries - Chief Financial Officer Conference Call Participants Tim Mulrooney - William Blair Brent Thielman - D.A. Davidson Operator Good afternoon, everyone and thank you for participating in today's conference call to discuss Concrete Pumping Holdings’ Financial Results for the Second Qu ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____ to ____ Commission File Number: 001-38166 CONCRETE PUMPING HOLDINGS, INC. (Exact name of Registrant as specified in its charter) Delawa ...

Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) Q1 2023 Earnings Conference Call March 9, 2023 5:00 PM ET Company Participants Cody Slach - External Director, Investor Relations Bruce Young - Chief Executive Officer Iain Humphries - Chief Financial Officer Conference Call Participants Sam Kusswurm - William Blair Brent Thielman - D.A. Davidson Andrew Wittmann - Baird Stanley Elliott - Stifel Steven Fisher - UBS Operator Good afternoon, everyone, and thank you for participating in today's conference call to di ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended January 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____ to ____ Commission File Number: 001-38166 CONCRETE PUMPING HOLDINGS, INC. (Exact name of Registrant as specified in its charter) Dela ...

Revenue Growth - For the twelve months ended October 31, 2022, the company's revenue increased by 27.1%, reaching $401.3 million compared to $315.8 million in the previous year[144]. - The U.S. Concrete Pumping segment revenue grew by 29.2%, or $67.0 million, from $229.5 million in the prior year to $296.5 million in fiscal 2022[148]. - The U.K. Operations segment revenue increased by 14.2%, or $6.8 million, from $48.1 million to $54.9 million, with a 24.7% increase when excluding foreign currency translation[149]. - The U.S. Concrete Waste Management Services segment saw a revenue improvement of 30.1%, or $11.6 million, from $38.6 million to $50.2 million[150]. Profitability - Gross profit for the fiscal year 2022 was $163.6 million, an increase of $25.9 million from $137.7 million in fiscal 2021, although gross margin declined by 280 basis points to 40.8%[144]. - The company reported a net income of $28.7 million for the fiscal year 2022, compared to a net loss of $15.1 million in the previous year[145]. - The gross margin for the twelve months ended October 31, 2022, was 40.8%, down from 43.6% for the previous twelve months, primarily due to significant inflation in input costs[152]. - Adjusted EBITDA for the year ended October 31, 2022 was $118.6 million, compared to $104.3 million for the previous year[187]. - EBITDA for the year ended October 31, 2022 was $117.6 million, up from $68.7 million in the previous year[187]. Expenses and Costs - General and Administrative (G&A) expenses for the twelve months ended October 31, 2022, were $113.2 million, an increase of $13.8 million from $99.4 million in the previous year, with G&A expenses as a percentage of revenue decreasing to 28.2% from 31.5%[153]. - Rising fuel prices reduced gross profit by approximately $10.1 million and gross margin by about 2.5% since October 31, 2021[138]. - Interest expense, net for the year ended October 31, 2022, was $25.9 million, an increase of $0.7 million from the same period a year ago[158]. Assets and Liquidity - Total assets increased from $792.7 million as of October 31, 2021, to $887.5 million as of October 31, 2022, primarily due to growth in the U.S. Concrete Pumping segment[146]. - As of October 31, 2022, the company had $7.5 million in cash and cash equivalents and $103.7 million of available borrowing capacity under the ABL Facility, totaling $111.2 million in available liquidity[167]. - The outstanding balance under the ABL Facility as of October 31, 2022 was $52.1 million, with the Company in compliance with all debt covenants[179]. Strategic Acquisitions - The company executed strategic acquisitions, including Hi-Tech for $12.3 million, Pioneer for $20.2 million, and Coastal for $30.8 million, enhancing its market presence[133]. - The Company used $124.1 million for investing activities during the twelve months ended October 31, 2022, including $101.9 million for property, plant, and equipment and $30.8 million for the acquisition of Coastal[183]. Market Outlook - The company anticipates fluctuations in residential end market volumes due to macroeconomic factors, while commercial and infrastructure markets may continue to show strong demand[139]. Tax and Fair Value - The company recorded an income tax expense of $5.5 million on a pretax income of $34.2 million for the twelve months ended October 31, 2022[159]. - The company recognized a $9.9 million gain on the fair value remeasurement of liability-classified warrants for the year ended October 31, 2022, compared to a $9.9 million expense in the previous year[156]. - The fair value of U.S. Concrete Waste Management Services exceeded its carrying value by 82% as of August 31, 2022[200]. - The fair value of U.K. Operations exceeded its carrying value by 32% as of the same date[200]. - The U.S. Concrete Pumping reporting unit had goodwill of $147.5 million, with its fair value approximately 7% greater than its carrying value[201]. - Management's projections included terminal growth rates of 3.0% and discount rates ranging from 10.0% to 11.3%[200]. - The company applies ASC 805 principles for business combinations, recording assets at fair value and recognizing goodwill when applicable[202]. - Fair value determinations require significant estimates and assumptions, impacting reported depreciation, amortization, and income tax expenses[203].

Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) Q4 2022 Earnings Conference Call January 23, 2023 5:00 PM ET Company Participants Cody Slach - External Director, Investor Relations Bruce Young - Chief Executive Officer Iain Humphries - Chief Financial Officer Conference Call Participants Andy Wittmann - Robert W. Baird Brent Thielman - D.A. Davidson Operator Good afternoon, everyone, and thank you for participating in today's conference call to discuss Concrete Pumping Holdings' Financial Results for the Four ...

Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) Q3 2022 Earnings Conference Call September 8, 2022 5:00 PM ET Company Participants Bruce Young - CEO Iain Humphries - CFO Cody Slach - External Director, IR Conference Call Participants Andy Wittmann - Baird Steven Fisher - UBS Brent Thielman - D.A. Davidson Tim Mulrooney - William Blair Stanley Elliott - Stifel Operator Good afternoon, everyone, and thank you for participating in today's conference call to discuss Concrete Pumping Holdings' financial results fo ...