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September 8 , 2021 CONCRETE PUMPING HOLDINGS Concrete Pumping Holdings Reports Third Quarter Fiscal Year 2021 Results DENVER , Sept. 08 , 2021 ( GLOBE NEWSWIRE ) Concrete Pumping Holdings , Inc. ( Nasdaq : BBCP ) ( the " Company " or " CPH " ) , a leading provider of concrete pumping and waste management services in the U.S. and U.K. , reported financial results for the third quarter ended July 31 , 2021 . Third Quarter Fiscal Year 2021 Summary vs. Third Quarter of Fiscal Year 2020 ( where applicable ) • Revenue increased 5 % to $ 80.8 million compared to $ 77.1 million . • Gross profit was $ 37.2 million compared to $ 37.8 million . • Income from operations was $ 12.2 million compared to $ 10.8 million . • Net income attributable to common shareholders improved to $ 4.1 million or $ 0.07 per diluted share , compared to a net loss attributable to common shareholders of $ 0.2 million or $ 0.00 per diluted share . ● Adjusted EBITDA¹ was $ 28.4 million compared to $ 30.0 million , with adjusted EBITDA margin¹ at 35.2 % compared to 38.9 % . • Amounts outstanding under debt agreements was $ 375.0 million with net debt of $ 354.8 million . Total available liquidity increased to $ 142.2 million as of July 31 , 2021 compared to $ 134.9 million as of April 30 , 2021 . Management Commentary " The third quarter was another testament to the strength and resilience of our proven business plan , ” said Bruce Young , CEO of Concrete Pumping Holdings . " The Company delivered robust year over year revenue growth in the quarter notwithstanding the above average precipitation in some of our key markets like Texas and Colorado , and we were able to recapture some of the projects by quarter end . " During the quarter , we also executed on our organic growth strategy by acquiring all the concrete pumping equipment of H.D. Construction Equipment in the Southern California market . Most of these assets folded into our existing regional location , while the remaining were used to support our greenfield expansion into the Las Vegas market . In addition , we successfully acquired the assets of Hi - Tech Concrete Pumping Services at the beginning of September , enhancing our market share and service reach in the Houston metropolitan area which further strengthens our presence in Texas . " As we enter the last quarter of our 2021 fiscal year , we continue to see strong demand for