Note 14. Earnings Per Share

 

The table below shows our basic and diluted EPS calculations for the fiscal year ended October 31, 2025 and 2024:

 

  

Year Ended October 31,

 

(in thousands, except per share amounts)

 

2025

  

2024

 

Net income (numerator):

        

Net income attributable to Concrete Pumping Holdings, Inc.

 $6,373  $16,207 

Less: Accretion of liquidation preference on preferred stock

  (1,750)  (1,750)

Less: Undistributed earnings allocated to participating securities

  -   (142)

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

 $4,623  $14,315 

Add back: Undistributed earnings allocated to participating securities

  -   142 

Less: Undistributed earnings reallocated to participating securities

  -   (141)

Numerator for diluted earnings per share

 $4,623  $14,316 
         

Weighted average shares (denominator):

        

Weighted average shares - basic

  52,142   53,543 

Weighted average shares - diluted

  52,686   54,238 
         

Basic earnings per share

 $0.09  $0.27 

Diluted earnings per share

 $0.09  $0.26 

 

Certain outstanding stock awards and options, preferred stock and warrants were excluded from the diluted earnings per share calculation for the periods presented because they were anti-dilutive. For the twelve months ended October 31, 2025 and 2024, 2.5 million shares of Series A Preferred Stock, 0.1 million of outstanding stock awards and options were excluded.

 

Dividends

 

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

 

Historical Timeline

Fiscal YearFiled
2025Jan 13, 2026Showing above
2024Jan 10, 2025
2023Jan 16, 2024
2022Jan 31, 2023
2021Jan 12, 2022
2020Jan 12, 2021
2019Jan 14, 2020

About Earnings Per Share Disclosures

The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.

Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.