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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