BBCP - Concrete Pumping GAAP EPS of $0.09 in-line revenue of $107.8M beats by $3.04M

2023-06-08 16:42:50 ET

• Concrete Pumping press release ( NASDAQ: BBCP ): Q2 GAAP EPS of $0.09 in-line.
• Revenue of $107.8M (+11.7% Y/Y) beats by $3.04M .
• Adjusted EBITDA in the second quarter of fiscal year 2023 increased 7% to $28.8 million compared to $27.1 million in the prior year quarter.
• On April 30, 2023, the Company had debt outstanding of $435.9 million, net debt of $429.3 million and total available liquidity of $100.4 million.

• Fiscal Year 2023 Outlook

• The Company continues to expect fiscal year 2023 revenue to range between $420.0 million to $445.0 million,

• Adjusted EBITDA to range between $125.0 million to $135.0 million, and free cash flow to range between $65.0 million and $75.0 million.

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