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Concrete Pumping Holdings Full Year 2024 Earnings: In Line With Expectations
Concrete Pumping Holdings (NASDAQ:BBCP) Full Year 2024 Results
Key Financial Results
- Revenue: US$425.9m (down 3.7% from FY 2023).
- Net income: US$14.5m (down 50% from FY 2023).
- Profit margin: 3.4% (down from 6.6% in FY 2023).
- EPS: US$0.27 (down from US$0.55 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Concrete Pumping Holdings Meets Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.
The primary driver behind last 12 months revenue was the U.S. Concrete Pumping segment contributing a total revenue of US$291.0m (68% of total revenue). Notably, cost of sales worth US$260.0m amounted to 61% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$116.5m (77% of total expenses). Explore how BBCP's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 1.5% p.a. on average during the next 2 years, compared to a 8.4% growth forecast for the Construction industry in the US.
Performance of the American Construction industry.
The company's shares are down 4.3% from a week ago.
Risk Analysis
It's necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Concrete Pumping Holdings (at least 1 which shouldn't be ignored), and understanding them should be part of your investment process.
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Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About NasdaqCM:BBCP
Concrete Pumping Holdings
Provides concrete pumping and waste management services in the United States and the United Kingdom.
Moderate growth potential and slightly overvalued.
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