Earnings Call Summary | Concrete Pumping Holdings(BBCP.US) Q1 2024 Earnings Conference
Earnings Call Summary | Concrete Pumping Holdings(BBCP.US) Q1 2024 Earnings Conference
The following is a summary of the Concrete Pumping Holdings, Inc. (BBCP) Q1 2024 Earnings Call Transcript:
以下是混凝土泵送控股公司(BBCP)2024年第一季度業績電話會議記錄摘要:
Financial Performance:
財務業績:
Concrete Pumping Holdings reported a consolidated revenue increase of 4% in Q1 to $97.7 million, despite challenging weather conditions.
Strong performance was seen in waste management services and UK operations, with revenue increases of 14% and 21% respectively.
The company decreased their revolving ABL loan balance by $6 million, maintaining liquidity at $217 million.
Gross margin of 34.1% was observed, a decrease from 39% in the prior-year quarter due to various factors like lower revenue volume and increased costs.
The company's Q1 net loss decreased to $4.3 million, or $0.08 per diluted share, compared to a net income in the same year-ago quarter.
Adjusted EBITDA decreased to $19.3 million from $25 million in the same year-ago quarter.
混凝土泵送控股公司報告稱,儘管天氣條件惡劣,但第一季度合併收入增長了4%,達到9,770萬美元。
廢物管理服務和英國業務表現強勁,收入分別增長了14%和21%。
該公司將其循環ABL貸款餘額減少了600萬美元,流動性維持在2.17億美元。
由於收入減少和成本增加等各種因素,毛利率爲34.1%,低於上一季度的39%。
與去年同期的淨收入相比,該公司第一季度的淨虧損降至430萬美元,攤薄後每股虧損0.08美元。
調整後的息稅折舊攤銷前利潤從去年同期的2500萬美元降至1,930萬美元。
Business Progress:
業務進展:
The company anticipates continued growth in residential and infrastructure markets, expecting further tailwinds from potential interest rate cuts in 2024.
Exploration of strategies to bolster organic growth through opportunistic M&A and reducing leverage is ongoing.
Recovery in the light commercial sector is expected in the second half of fiscal 2024.
The company initiated a share repurchase program, repurchasing 1.8 million shares for a sum of $11.8 million.
Revision in fiscal revenue expectations to a range between $460 million and $480 million has been forecast due to year-to-date weather impacts.
The company maintains a solid operational and financial foundation to continue executing its growth strategy.
該公司預計,住宅和基礎設施市場將持續增長,預計2024年可能的降息將帶來進一步的推動力。
正在探索通過機會主義併購和降低槓桿率來促進有機增長的戰略。
預計輕商業部門的復甦將在2024財年下半年。
該公司啓動了一項股票回購計劃,以1180萬美元的價格回購了180萬股股票。
由於今年迄今爲止的天氣影響,預計財政收入預期將上調至4.6億美元至4.8億美元之間。
公司保持堅實的運營和財務基礎,以繼續執行其增長戰略。
More details: Concrete Pumping Holdings IR
更多詳情: 混凝土泵送控股 IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示:欲了解更多詳情,請訪問投資者關係網站。本文僅供投資者參考,不構成任何投資建議。
譯文內容由第三人軟體翻譯。