Filing Flows › Concrete Pumping Holdings (BBCP) › Q4 FY24
Concrete Pumping Holdings (BBCP) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Jan 10, 2025
Concrete Pumping Holdings (BBCP) reported revenue of $111M for the fourth quarter fiscal 2024 (Q4 FY24), -7% from a year earlier and +2% from the quarter before. Operating margin was 17.2%, net earnings $9.4M (8.5% of revenue).
Concrete Pumping Holdings, Q4 FY24: revenue $111M (-7% year over year), operating margin 17.2%, net earnings $9.4M, operating cash flow $22.4M. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $111M | +2% | -7% |
| Gross profit | $46.2M | +4% | -5% |
| Operating profit | $19.2M | +16% | -0.3% |
| Net earnings | $9.4M | +25% | +0.4% |
| Operating cash flow | $22.4M | -36% | -27% |
| Free cash flow | $16.1M | -39% | -17% |
What changed
Revenue was $111.5M in Q4 FY24, down 7% year over year and up 2% from the previous quarter.
Gross margin was 41.5%, up 0.8 points from a year earlier. Operating profit was $19.2M, a 17.2% margin (up 1.2 points year over year). Operating expenses fell 9% while revenue fell 7%. Net earnings were $9.4M, roughly flat year over year. The effective tax rate was 29.0%.
Operating cash flow was $22.4M (down 27% year over year), 238% of net earnings. Non-cash charges added back $14.3M of depreciation and amortization and $477K of share-based compensation. Working capital and other items used $1.8M. Capital expenditures of $6.3M left free cash flow of $16.1M.
Questions
What was Concrete Pumping Holdings' revenue in the fourth quarter fiscal 2024?
Concrete Pumping Holdings (BBCP) reported revenue of $111M for the fourth quarter fiscal 2024 (Q4 FY24), -7% from a year earlier and +2% from the quarter before.
Was Concrete Pumping Holdings profitable in the fourth quarter fiscal 2024?
Operating profit was $19.2M (17.2% of revenue) and net earnings $9.4M.