Concrete Pumping Holdings, Inc. Quarterly report [Sections 13 or 15(d)]

Quarterly report [Sections 13 or 15(d)]

Note 15 - Earnings Per Share

Note 15 - Earnings Per Share

3 Months Ended

Jan. 31, 2025

Note 15. Earnings Per Share

The table below shows our basic and diluted EPS calculations for the three months ended January 31, 2025 and 2024:

	*Three Months Ended January 31,*
(in thousands, except per share amounts)	*2025*			*2024*
Net loss (numerator):
Net loss attributable to Concrete Pumping Holdings, Inc.	$	(2,639	)	$	(3,826	)
Less: Accretion of liquidation preference on preferred stock		(440	)		(440	)
Net loss attributable to common stockholders (numerator for basic and diluted earnings per share)	$	(3,079	)	$	(4,266	)

Weighted average shares (denominator):
Weighted average shares - basic		53,045			53,315
Weighted average shares - diluted		53,045			53,315

Basic earnings per share	$	(0.06	)	$	(0.08	)
Diluted earnings per share	$	(0.06	)	$	(0.08	)

Certain outstanding stock awards and options and preferred stock were excluded from the diluted earnings per share calculation for the periods presented because they were anti-dilutive.

For the three months ended January 31, 2025, 2.5 million shares of Series A Preferred Stock, 0.3 million of restricted stock units and 0.1 million of outstanding stock awards and options were excluded from the computation of diluted EPS because their effect would have been anti-dilutive.

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 and 1.3 million of unexercised stock options were excluded from the computation of diluted EPS because their effect would have been anti-dilutive.

Dividends

On January 14, 2025, the Company's Board of Directors declared a special cash dividend of $1.00 per share, approximately $53.1 million, of common stock to shareholders of record as of January 24, 2025, with a payment date on February 3, 2025.