Concrete Pumping Holdings Reports Second Quarter Fiscal Year 2019 Results
Concrete Pumping Holdings, Inc. (BBCP)
Last concrete pumping holdings, inc. earnings: 3/11 04:05 pm
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Source: GlobeNewswire
DENVER, June 10, 2019 (GLOBE NEWSWIRE) -- Concrete Pumping Holdings, Inc. (Nasdaq: BBCP) (the “Company” or “CPH”), a leading provider of concrete pumping services and concrete waste management services in the U.S. and U.K. markets, today reported financial results for the second fiscal quarter ended April 30, 2019. Second Quarter Fiscal Year 2019 vs. Second Quarter Fiscal Year 2018 Revenue increased 10% to $62.0 million.Gross margin was 39.3% compared to 43.3%.Net loss attributable to common shareholders was $10.1 million, or $(0.35) per basic and diluted share, compared to net income attributable to common shareholders of $3.3 million, or $0.39 per diluted share.Adjusted EBITDA1 increased slightly to $17.9 million. Management Commentary “The last few months have been extremely productive and eventful for our organization, and was capped by 10% revenue growth in the second quarter,” said Concrete Pumping Holdings CEO Bruce Young. “We saw revenue growth across all our segments as
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