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Concrete Pumping Holdings, Inc. is a Delaware corporation headquartered in Thornton, Colorado. We refer to Concrete Pumping Holdings, Inc. as the "Company," "CPH,", "us", "we" or "our" in this Annual Report, and these designations include our subsidiaries unless we state otherwise.
10.57% operating margin is respectable but not wide. ROIC at 5.30%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue declined 7.7% YoY. The question is whether this is cyclical or a structural shift.
Free cash flow declined 59% versus the prior year, cash generation momentum has weakened. Net debt of $397M represents 22.6x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
$410M
▼ -7.7% YoY
Net Income (TTM)
$9M
▼ -60.7% YoY
Op. Margin
11.31%
▼ -1.0pp YoY
ROIC
5.87%
▼ -0.5pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$16M
▼ -59.3% YoY
Op. Cash Flow (TTM)
$63M
▼ -26.0% YoY
Net Debt
$404M
Cash & Equiv.
$39M
5Y CAGR: +5.2%
5Y CAGR: -15.1%
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