Concrete Pumping Holdings, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended April 30, 2023
June 08, 2023 at 04:05 pm
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Concrete Pumping Holdings, Inc. reported earnings results for the second quarter and six months ended April 30, 2023. For the second quarter, the company reported sales was USD 107.79 million compared to USD 96.48 million a year ago. Net income was USD 5.59 million compared to USD 5.99 million a year ago. Basic earnings per share from continuing operations was USD 0.09 compared to USD 0.1 a year ago. Diluted earnings per share from continuing operations was USD 0.09 compared to USD 0.1 a year ago.
For the six months, sales was USD 201.37 million compared to USD 181.93 million a year ago. Net income was USD 12.06 million compared to USD 7.17 million a year ago. Basic earnings per share from continuing operations was USD 0.2 compared to USD 0.11 a year ago. Diluted earnings per share from continuing operations was USD 0.2 compared to USD 0.11 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.