Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) Q2 2022 Earnings Conference Call June 7, 2022 5:00 PM ET

Company Participants

Cody Slach - External Director, IR

Bruce Young - CEO

Iain Humphries - CFO

Conference Call Participants

Brent Thielman - D.A. Davidson

Robert Schultz - Baird

Operator

Good afternoon, everyone and thank you for participating in today's conference call to discuss Concrete Pumping Holdings' Financial Results for the Second Quarter ending April 30, 2022.

Joining us today are Concrete Pumping Holdings' CEO, Bruce Young; CFO, Iain Humphries; and the Company's External Director of Investor Relations, Cody Slach. Before we go further, I would like to turn the call over to Mr. Slach to read the Company's safe harbor statement within the meaning of the Private Securities Litigation Reform Act of 1995 that provides important cautions regarding forward-looking statements. Cody, please go ahead.

Cody Slach

Thanks, Shyamoli. I’d like to remind everyone that in the course of this call, to give you a better understanding of our operations, we will be making certain forward-looking statements regarding our business and outlook. These statements are subject to numerous risks and uncertainties that could cause actual results to differ materially from such statements.

For information concerning these risks and uncertainties, see Concrete Pumping Holdings' annual report on Form 10-K, quarterly report on Form 10-Q and other publicly available filings with the SEC. The company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

On today’s call, we will also reference certain non-GAAP financial measures, including adjusted EBITDA, net debt and free cash flow, which we believe provide useful information for investors. We provide further information about these non-GAAP financial measures and reconciliations to the comparable GAAP measures in our press release issued today or the investor presentation posted on the company’s website.

I’d like to remind everyone; this call will be available for replay later this evening. A webcast replay will also be available via the link provided in today’s press release as well as on the company’s website. Additionally, we have posted an updated investor presentation on the company’s website.

Now, I’d like to turn the call over to the CEO of Concrete Pumping Holdings, Bruce Young. Bruce?

Bruce Young

Thank you, Cody and good afternoon, everyone. The revenue momentum accelerated from our first quarter of 2022 into Q2 with double-digit growth across all segments, reflecting continued market share gain and contributions from recent accretive acquisitions. We are very pleased by our 26% consolidated revenue improvement, and this is another indication that our business model is resilient and further positioned to take market share.