Concrete Pumping Holdings Third Quarter 2024 Earnings: Misses Expectations

Concrete Pumping Holdings (NASDAQ:BBCP) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$109.6m (down 9.2% from 3Q 2023).
• Net income: US$7.12m (down 26% from 3Q 2023).
• Profit margin: 6.5% (down from 7.9% in 3Q 2023). The decrease in margin was driven by lower revenue.
• EPS: US$0.13 (down from US$0.18 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Concrete Pumping Holdings Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 13%. Earnings per share (EPS) also missed analyst estimates by 31%.

Looking ahead, revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Construction industry in the US.

Performance of the American Construction industry.

The company's shares are down 20% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Concrete Pumping Holdings (1 shouldn't be ignored!) that you should be aware of.

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