Concrete Pumping Stock Intrinsic Value – CONCRETE PUMPING Reports Record Fourth Quarter Earnings of USD 8.5 Million, Up 148.7% Year Over Year

Earnings report

Concrete Pumping Stock Intrinsic Value – On October 31, 2022, CONCRETE PUMPING ($NASDAQ:BBCP) reported their earnings results for the fourth quarter of FY2022, ending on that date. The company achieved total revenue of USD 8.5 million, representing a year over year increase of 148.7%. Reported net income for the quarter was USD 114.9 million, a 30.9% increase from the same period the previous year. CONCRETE PUMPING is a leading provider of concrete pumping services, equipment and accessories. It operates in both the United States and Canada, serving customers in the construction, infrastructure and industrial sectors. The company is listed on the New York Stock Exchange and has a market capitalization of more than USD 1 billion.

The fourth quarter earnings report was a major success for the company. Revenue was driven by strong demand for CONCRETE PUMPING’s services, as well as increased usage of its equipment and accessories. The company also benefited from higher sales prices and improved efficiency, resulting in greater profit margins. The results were seen as a sign of CONCRETE PUMPING’s ability to continue to grow and outperform its competitors in the concrete pumping industry. The company remains focused on developing innovative solutions and strengthening its competitive position in the industry. Investors are optimistic about CONCRETE PUMPING’s future prospects, as evidenced by its strong stock performance.

Share Price

On Monday, CONCRETE PUMPING reported record fourth quarter earnings of USD 8.5 million, up 148.7% year over year. The stock opened at $6.6 and closed at $6.5, up by 0.3% from the previous closing price of 6.5. The impressive results were driven primarily by strong demand for CONCRETE PUMPING’s services across a variety of sectors, including residential, commercial and industrial construction. The increased demand for CONCRETE PUMPING’s services is a testament to the company’s commitment to providing quality services in the most efficient and cost-effective manner possible. The company’s experienced team of concrete pumping professionals is highly skilled and knowledgeable in the use of advanced equipment and techniques to ensure that customers receive the highest level of service. The strong financial performance in the fourth quarter has also been attributed to CONCRETE PUMPING’s focus on cost control and efficiency.

The company has implemented a number of measures over the past year to ensure that its operations are as efficient as possible and that it can provide the most competitive prices for its services. The company has also expanded its customer base, which has allowed it to take advantage of new opportunities and increase revenue. Overall, the impressive fourth quarter earnings of USD 8.5 million reported by CONCRETE PUMPING is evidence of the company’s dedication to providing top-notch services while maintaining cost-effectiveness. With a strong focus on customer satisfaction, quality service, cost control, and efficiency, CONCRETE PUMPING has firmly established itself as a leader in the concrete pumping industry. Live Quote…

About the Company

Income Snapshot

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Cash Flow Snapshot

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Balance Sheet Snapshot

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Key Ratios Snapshot

Some of the financial key ratios for Concrete Pumping are shown below. More…

VI Analysis – Concrete Pumping Stock Intrinsic Value

The VI Line app is designed to make analysing the fundamentals of CONCRETE PUMPING easier. By assessing CONCRETE PUMPING’s financial health, profitability and growth potential, the app helps investors to determine the intrinsic value of the company’s shares. Our proprietary VI Line analysis reveals that the intrinsic value of CONCRETE PUMPING’s shares is approximately $7.1. Currently, CONCRETE PUMPING shares are trading at $6.5. This is a fair price, but it is slightly undervalued by 9.0%. Investors who are looking for a good long-term investment opportunity should consider investing in CONCRETE PUMPING shares. The company’s financial health, profitability and growth potential make it an attractive option for investors who are looking for a good return on their investments. More…

VI Peers

Concrete Pumping Holdings Inc. is one of the leading companies in the concrete pumping industry. Its competitors include Koatsu Kogyo Co Ltd, Jinyuan EP Co Ltd, and VNECO4 Electricity Construction JSC.

– Koatsu Kogyo Co Ltd ($TSE:1743)

Kogyo Co Ltd is a Japanese company that manufactures and sells automotive parts. The company has a market cap of 2.72B as of 2022 and a Return on Equity of 2.85%. Kogyo Co Ltd is a well-known company in the automotive industry and is a supplier of parts to many major automakers.

– Jinyuan EP Co Ltd ($SZSE:000546)

As of 2022, Jinyuan EP Co Ltd has a market cap of 10.56B and a Return on Equity of -3.57%. Jinyuan EP Co Ltd is a company that manufactures and sells electronic products. The company’s products include mobile phones, digital cameras, and other electronic products.

Summary

Investors should be pleased with the financial results of CONCRETE PUMPING for the fourth quarter of FY2022 ending on October 31, 2022. With total revenue of USD 8.5 million, the company achieved an impressive 148.7% year over year increase. Net income also rose by 30.9%, which showed that the company was able to increase both its top and bottom lines.

This could be attributed to the company’s focus on cost control and efficiency, as well as leveraging its core competencies to capitalize on opportunities in the market. Overall, the financial performance of CONCRETE PUMPING indicates that the company is well-positioned to continue its growth trajectory in the coming quarters.