From GlobeNewswire:

Concrete Pumping Holdings, Inc. provides fourth quarter and yearly financial results. In Q4 2023, revenue rose to $120.2 million from $114.9 million in Q4 2022, and net income increased to $9.4 million from $8.5 million. The fiscal year 2023 saw a 10% increase in revenue to $442.2 million, with net income rising to $30.0 million.

Revenue for the U.S. Concrete Pumping segment increased by 1% to $85.0 million in Q4 2023, resulting in a net income decrease to $2.2 million. Fiscal year 2023 saw a 7% increase in revenue to $317.9 million, and the segment’s net income decreased to $4.7 million due to higher labor costs.

The U.K. Operations segment reported a revenue increase of 17% to an unspecified amount in Q4 2023. However, specific figures for net income or annual revenue were not provided in the report. No net income or annual earnings data was provided for the U.K. Operations segment.



Read more: Concrete Pumping Holdings Reports Strong Fourth Quarter and