Quarterly report [Sections 13 or 15(d)]

Note 11 - Earnings Per Share

v3.25.2
Note 11 - Earnings Per Share
9 Months Ended
Jul. 31, 2025
Notes to Financial Statements  
Earnings Per Share [Text Block]

Note 11. Earnings Per Share

 

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

 

   

Three Months Ended July 31,

   

Nine Months Ended July 31,

 

(in thousands, except per share amounts)

 

2025

   

2024

   

2025

   

2024

 

Net income (loss) (numerator):

                               

Net income attributable to Concrete Pumping Holdings, Inc.

  $ 3,699     $ 7,560     $ 1,056     $ 6,780  

Less: Accretion of liquidation preference on preferred stock

    (441 )     (440 )     (1,309 )     (1,310 )

Less: Undistributed earnings allocated to participating securities

    -       (31 )     -       (41 )

Net income (loss) attributable to common stockholders (numerator for basic earnings per share)

  $ 3,258     $ 7,089     $ (253 )   $ 5,429  

Add back: Undistributed earnings allocated to participating securities

    -       31       -       41  

Less: Undistributed earnings reallocated to participating securities

    -       (31 )     -       (41 )

Numerator for diluted earnings per share

  $ 3,258     $ 7,089     $ (253 )   $ 5,429  
                                 

Weighted average shares (denominator):

                               

Weighted average shares - basic

    51,696       53,699       52,435       53,556  

Weighted average shares - diluted

    51,906       53,775       52,435       54,191  
                                 

Basic earnings per share

  $ 0.07     $ 0.13     $ -     $ 0.10  

Diluted earnings per share

  $ 0.07     $ 0.13     $ -     $ 0.10  

 

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

 

 

●

For the three months ended July 31, 2025, 2.5 million shares of Series A Preferred Stock, 0.8 million of restricted stock units and 0.1 million of outstanding options were excluded.
  ● For the nine months ended July 31, 2025, 2.5 million shares of Series A Preferred Stock, 1.0 million of restricted stock units and 0.1 million of outstanding options were excluded.
     
  ● For the three months ended July 31, 2024, 0.6 million of outstanding stock awards and options and 2.5 million shares of Series A Preferred Stock were excluded.
  ● For the nine months ended July 31, 2024, 0.4 million of outstanding stock awards and options and 2.5 million shares of Series A Preferred Stock were excluded.

 

Dividends

 

During the nine months ended July 31, 2025, the Company paid a special cash dividend of $1.00 per share totaling approximately $53.1 million.