Business
Concrete Pumping Holdings Reschedules Third Quarter Fiscal Year 2019 Earnings Conference Call for Monday, September 16, 2019
- Revenue for the Third Fiscal Quarter is Expected to be Approximately $79 Million, an Increase of 18% Compared to the Same Year-Ago Quarter - DENVER, Sept.
About this update from Concrete Pumping Holdings, Inc.
[{"type":"text","content":"- Revenue for the Third Fiscal Quarter is Expected to be Approximately $79 Million, an Increase of 18% Compared to the Same Year-Ago Quarter -\nDENVER, Sept. 06, 2019 (GLOBE NEWSWIRE) -- Concrete Pumping Holdings, Inc. (Nasdaq: BBCP) (“CPH” or the “Company”), a leading provider of concrete pumping services and concrete waste management services in the U.S. and U.K. markets, today announced that it is rescheduling its earnings call and the release of its financial results for the third fiscal quarter ended July 31, 2019 to Monday, September 16, 2019.\n The Company needs the additional time to update for the third fiscal quarter ended July 31, 2019 the opening balance sheet accounting treatment for the Business Combination with Industrea Acquisition Corp. (“Business Combination”), which closed on December 6, 2018. The Company does not expect any change to the Company’s consolidated carrying value of total assets acquired as of the Business Combination closing date, however, the review may result in a reallocation of amounts between long lived assets and goodwill across each of the Company’s operating segments as of the Business Combination closing date. The Company will file a Form 12b-25 with the Securities and Exchange Commission today indicating that the Company expects to file its quarterly report on Form 10-Q for the three months ended July 31, 2019 on September 16, 2019, which is within the extension period under Rule 12b-25 of the Securities Exchange Act of 1934, as amended. The Company also announced that it expects revenue for the third fiscal quarter ended July 31, 2019 to be approximately $79 million, an increase of 18% compared to the same year-ago quarter. For the nine months ended July 31, 2019, CPH expects revenue to be approximately $199 million, an increase of 13% compared to the same year-ago period. Updated Third Fiscal Quarter Conference Call Details CPH’s CEO Bruce Young and CFO Iain Humphries will host the conference call, followed by a question and answer period. The Company will report its financial results in a press release prior to the conference call. Date: Monday, September 16, 2019Time: 5:00 p.m. Eastern time (3:00 p.m. Mountain time)Toll-free dial-in number: 1-877-407-9039International dial-in number: 1-201-689-8470Conference ID: 13693916 Please call the conference telephone number 5-10 minutes prior...