Concrete Pumping Holdings, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Note 16 - Earnings Per Share

Note 16 - Earnings Per Share

3 Months Ended

Jan. 31, 2024

Note 16. Earnings Per Share

The table below shows our basic and diluted EPS calculations for the three months ended January 31, 2024 and 2023:

	*Three Months Ended January 31,*
(in thousands, except share and per share amounts)	*2024*			*2023*
Net income (loss) (numerator):
Net income (loss) attributable to Concrete Pumping Holdings, Inc.	$	(3,826	)	$	6,475
Less: Accretion of liquidation preference on preferred stock		(440	)		(441	)
Less: Undistributed earnings allocated to participating securities		-			(235	)
Net income (loss) attributable to common stockholders (numerator for basic earnings per share)	$	(4,266	)	$	5,799
Add back: Undistributed earning allocated to participating securities		-			235
Less: Undistributed earnings reallocated to participating securities		-			(232	)
Numerator for diluted earnings (loss) per share	$	(4,266	)	$	5,802

Weighted average shares (denominator):
Weighted average shares - basic		53,314,654			53,601,707
Weighted average shares - diluted		53,314,654			54,457,125

Basic earnings (loss) per share	$	(0.08	)	$	0.11
Diluted earnings (loss) per share	$	(0.08	)	$	0.11

For the three months ended January 31, 2024, 2.5 million shares of Series A Preferred Stock, 0.5 million of unvested restricted stock awards, 1.1 million of unexercised stock options and 0.2 million outstanding unexercised non-qualified stock options were excluded from the computation of diluted EPS because their effect would have been anti-dilutive.

For the three months ended January 31, 2023, 13.0 million warrants to purchase shares of common stock at an exercise price of $11.50, 2.5 million shares of Series A Preferred Stock, and 2.0 million of unvested restricted stock awards were excluded from the computation of diluted EPS because their effect would have been anti-dilutive.