Concrete Pumping Holdings Inc (NASDAQ:BBCP) Q4 2019 Earnings Conference Call - Final Transcript

Jan 14, 2020 • 05:00 pm ET


Concrete Pumping Holdings Inc (NASDAQ:BBCP) Q4 2019 Earnings Conference Call - Final Transcript


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Good afternoon everyone and thank you for participating in today's conference call to discuss Concrete Pumping Holdings' Financial Results for the Fourth Quarter and Full Fiscal Year ended October 31, 2019. Joining us today our 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. 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. 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 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 discuss adjusted EBITDA, which is a non-GAAP financial measure that adjusts reported figures for certain items. We believe the presentation of this non-GAAP financial measure is useful because it provides investors and industry analysts the same information that we use internally for purposes of assessing our core operating performance. For a reconciliation of this measure, please refer to the press release issued today or the investor presentation posted on the company's website.

Also, note that on December 6, 2018, we consummated the previously announced business combination, where we acquired the formerly private company previously known as Concrete Pumping Holdings Inc. and the former stack called Industrea Acquisition Corp, which transactions we collectively refer to as the Business Combination. In connection with the closing of the Business Combination, the company changed its name to Concrete Pumping Holdings Inc.

Finally, the financial results described today for days and periods prior to the Business Combination relate to the operations of the formerly private company previously known as Concrete Pumping Holdings. For additional information, please see our Form 10-Q that we will file after this call, which includes the historical Concrete Pumping Holdings financial statements that we are discussing on this call as well as pro forma financial information for the company, that reflects the Business Combination.

I'd like to remind everyone that this call will be available for replay later this evening. 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 to Concrete Pumping Holdings' 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. It's great to be joining you today as we report our first full year as a public