Concrete Pumping Holdings, Inc. Reports Consolidated Earnings Results for the Fourth Quarter and Fiscal Year Ended October 31, 2020
January 12, 2021 at 04:05 pm
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Concrete Pumping Holdings, Inc. reported consolidated earnings results for the fourth quarter and fiscal year ended October 31, 2019. For the quarter, the company reported revenue of $79.190 million against $83.952 million a year ago. Incomes from operations was $4.342 million against $10.552 million a year ago. Net loss was $2.257 million or $0.05 per basic share against net income of $0.601 million or $0.00 per basic share a year ago.
For the year, the company reported revenue of $304.301 million against $282.961 million a year ago. Loss from operations was $31.728 million against income from operations of $12.884 million a year ago. Net loss was $60.990 million or $1.19 per basic share against $32.487 million a year ago.
Concrete Pumping Holdings, Inc. is a provider of concrete pumping services and concrete waste management services. The Companyâs segments include U.S. Concrete Pumping, U.K. Operations, U.S. Concrete Waste Management Services, and Corporate. The U.S. Concrete Pumping core business is the provision of concrete pumping services to general contractors and concrete finishing companies in the commercial, infrastructure and residential sectors. This segment has 100 branch locations across 20 states with their corporate headquarters in Denver, Colorado. The U.S. Concrete Waste Management Services segment consists of its U.S. based Eco-Pan business. Eco-Pan provides industrial cleanup and containment services, primarily to customers in the construction industry. Eco-Pan uses containment pans specifically designed to hold waste products from concrete and other industrial cleanup operations. The U.K. Operations segment consists of its Camfaud, Premier and United Kingdom-based Eco-Pan businesses.