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1. Company Snapshot

1.a. Company Description

Concrete Pumping Holdings, Inc.provides concrete pumping and waste management services in the United States and the United Kingdom.The company offers concrete pumping services to general contractors and concrete finishing companies in the commercial, infrastructure, and residential sectors under the Brundage-Bone and Camfaud brands; and industrial cleanup and containment services primarily to customers in the construction industry under the Eco-Pan brand.


It also leases and rents concrete pumping equipment, pans, and containers.As of October 31, 2021, the company owned a fleet of approximately 820 boom pumps, 70 placing booms, 20 telebelts, 250 stationary pumps, and 90 waste management trucks.Concrete Pumping Holdings, Inc.


was founded in 1983 and is headquartered in Thornton, Colorado.

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1.b. Last Insights on BBCP

The recent 3-month performance of Concrete Pumping Holdings, Inc. was negatively driven by a Q1 loss of $0.04 per share, missing revenue estimates. The company's financial results for the first quarter ended January 31, 2025, showed a decline in profitability, with a loss of $0.04 per share compared to a loss of $0.02 per share in the same period last year. This underperformance was a surprise, given the company's previous upgrade to a Zacks Rank #1 (Strong Buy) on February 3, 2025.

1.c. Company Highlights

2. Concrete Pumping Holdings' Q3 2025 Earnings: Revenue Declines Amid Market Challenges

Concrete Pumping Holdings reported Q3 2025 revenue of $103.7 million, down from $109.6 million in the prior year, driven by lower U.S. construction volumes and weather disruptions. The U.S. Concrete Pumping revenue fell to $69.3 million, while Concrete Waste Management rose 4% to $19.3 million. Adjusted EBITDA fell to $26.8 million (25.8% margin) from $31.6 million, with net income at $3.3 million ($0.07/share) compared to $7.1 million ($0.13/share). The actual EPS of $0.07 beat estimates of $0.06.

Publication Date: Sep -13

📋 Highlights
  • Revenue Decline: Q3 revenue fell to $103.7M (-6% YoY) due to U.S. construction softness and weather disruptions.
  • Adjusted EBITDA Drop: Adjusted EBITDA declined to $26.8M (25.8% margin) from $31.6M, driven by market pressures.
  • Geographic Segment Shift: U.S. Concrete Pumping revenue dropped to $69.3M, while UK operations stabilized at $15.1M despite commercial slowdowns.
  • Share Buybacks: $3.8M spent repurchasing 593,000 shares under the $30M buyback program, reducing share count by 0.7%.
  • Full-Year Guidance Unchanged: Revenue: $380–$390M; EBITDA: $95–$100M; free cash flow: $45M, reflecting long-term infrastructure and housing recovery bets.

Financial Performance and Debt Position

The company maintained a $425 million total debt position (net debt-to-EBITDA of 3.8x) and repurchased 593,000 shares for $3.8 million under its $30 million buyback program. The net debt-to-EBITDA ratio is slightly higher than the reported 3.8x, at 4.07x as per latest data. The current EV/EBITDA ratio stands at 7.76, indicating a relatively reasonable valuation considering the current earnings.

Guidance and Market Outlook

Full-year guidance remains unchanged: revenue of $380–$390 million and adjusted EBITDA of $95–$100 million, with free cash flow projected at $45 million. Management emphasized resilience in housing demand and infrastructure projects, including U.S. and UK initiatives, while noting ongoing pricing pressures in commercial markets. Bruce Young noted that they are expanding into new areas with large projects like semiconductor fabs, data centers, and manufacturing, and plan to continue geographic growth in response to these trends.

Valuation Metrics

The stock is currently trading at a P/E Ratio of 36034.54, P/B Ratio of 1319.32, and P/S Ratio of 0.92. The ROE stands at 3.71%, and ROIC at 3.8%. These metrics indicate that while the stock may seem overvalued based on certain ratios, the company's return on equity and invested capital are relatively low, suggesting potential for improvement in profitability.

3. NewsRoom

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Concrete Pumping's Brundage-Bone Subsidiary Expands International Presence with Acquisition of C.G.A. Concrete Pumping Ltd in the Republic of Ireland

Nov -11

Source: globenewswire.com

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Top Waste Management Stocks To Add to Your Watchlist – October 28th

Oct -30

Source: defenseworld.net

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Waste Management Stocks To Watch Today – October 16th

Oct -18

Source: defenseworld.net

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Concrete Pumping Holdings: Still Bullish Even As The Picture Worsens

Oct -15

Source: seekingalpha.com

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Concrete Pumping Holdings, Inc. (BBCP) Q3 2025 Earnings Call Transcript

Sep -04

Source: seekingalpha.com

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Concrete Pumping (BBCP) Q3 Earnings and Revenues Surpass Estimates

Sep -04

Source: zacks.com

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Concrete Pumping Holdings Reports Third Quarter Fiscal Year 2025 Results

Sep -04

Source: globenewswire.com

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Concrete Pumping Holdings Sets Third Quarter 2025 Earnings Conference Call for Thursday, September 4, 2025

Aug -21

Source: globenewswire.com

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (2.97%)

6. Segments

U.S. Concrete Pumping

Expected Growth: 3%

U.S. Concrete Pumping's 3% growth is driven by increasing infrastructure spending, residential construction growth, and rising demand for eco-friendly concrete pumping solutions. Additionally, the company's strategic acquisitions and expansion into new markets contribute to its growth momentum.

U.K. Operations

Expected Growth: 2%

U.K. Operations from Concrete Pumping Holdings, Inc. growth driven by increasing infrastructure projects, government investments in construction, and rising demand for eco-friendly concrete pumping solutions. Additionally, strategic acquisitions and expansion into new regions contribute to the 2% growth.

U.S. Concrete Waste Management Services

Expected Growth: 4%

The 4% growth in U.S. Concrete Waste Management Services from Concrete Pumping Holdings, Inc. is driven by increasing construction activities, government initiatives for sustainable waste management, and rising demand for eco-friendly concrete disposal solutions. Additionally, the growing need for efficient waste removal and recycling processes, as well as the company's expanding market share, contribute to this growth.

Intersegment Eliminations

Expected Growth: 0%

Intersegment Eliminations from Concrete Pumping Holdings, Inc. with 0% growth is attributed to the absence of significant transactions between segments, indicating a lack of intercompany sales or investments. This suggests a decentralized operating structure, where each segment operates independently, with minimal dependencies or synergies between them.

Other

Expected Growth: 2%

Concrete Pumping Holdings, Inc.'s 2% growth is driven by increasing infrastructure spending, rising demand for eco-friendly construction materials, and strategic acquisitions. Additionally, the company's focus on technology integration, such as its proprietary software, improves operational efficiency and enhances customer experience, contributing to its growth momentum.

7. Detailed Products

Concrete Pumping Services

Concrete Pumping Holdings, Inc. provides concrete pumping services to general contractors, homebuilders, and other construction companies. The company operates a fleet of concrete pumps, mixer trucks, and other equipment to provide a comprehensive range of concrete pumping services.

Concrete Waste Management Services

The company offers concrete waste management services, which include the disposal of leftover concrete and washout materials from construction sites.

Equipment Rental Services

Concrete Pumping Holdings, Inc. rents out concrete pumping equipment, including pumps, pipes, and other accessories, to contractors and construction companies.

Concrete Construction Services

The company provides concrete construction services, including site preparation, foundation work, and concrete finishing.

8. Concrete Pumping Holdings, Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for Concrete Pumping Holdings, Inc. is medium due to the availability of alternative methods for concrete placement, such as bucket and crane services. However, the convenience and efficiency of concrete pumping services provided by the company reduce the likelihood of customers switching to substitutes.

Bargaining Power Of Customers

The bargaining power of customers is low due to the specialized nature of concrete pumping services and the lack of alternative suppliers. Customers are likely to have limited negotiating power, and the company's strong market position allows it to maintain pricing power.

Bargaining Power Of Suppliers

The bargaining power of suppliers is medium due to the presence of multiple suppliers of concrete and equipment. However, the company's large scale of operations and long-term contracts with suppliers reduce the bargaining power of suppliers.

Threat Of New Entrants

The threat of new entrants is low due to the high barriers to entry, including significant capital requirements, regulatory hurdles, and the need for specialized equipment and expertise. The company's established market position and brand recognition also deter new entrants.

Intensity Of Rivalry

The intensity of rivalry is high due to the presence of several established players in the concrete pumping services market. The company faces intense competition from rivals, and the market is characterized by frequent price wars and aggressive marketing strategies.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 57.45%
Debt Cost 8.62%
Equity Weight 42.55%
Equity Cost 9.78%
WACC 9.11%
Leverage 135.02%

11. Quality Control: Concrete Pumping Holdings, Inc. passed 0 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Concrete Pumping Holdings

A-Score: 5.4/10

Value: 4.5

Growth: 5.3

Quality: 3.6

Yield: 7.0

Momentum: 8.0

Volatility: 3.7

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Matrix Service

A-Score: 4.9/10

Value: 8.4

Growth: 4.8

Quality: 5.2

Yield: 0.0

Momentum: 7.0

Volatility: 4.0

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Tutor Perini

A-Score: 4.6/10

Value: 5.9

Growth: 4.7

Quality: 4.4

Yield: 0.0

Momentum: 9.5

Volatility: 3.0

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Great Lakes Dredge & Dock

A-Score: 4.5/10

Value: 6.8

Growth: 4.1

Quality: 4.5

Yield: 0.0

Momentum: 6.0

Volatility: 5.3

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Orion Holdings

A-Score: 4.4/10

Value: 5.2

Growth: 5.7

Quality: 4.2

Yield: 0.0

Momentum: 9.0

Volatility: 2.3

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NV5 Global

A-Score: 4.3/10

Value: 4.1

Growth: 5.0

Quality: 5.3

Yield: 0.0

Momentum: 4.0

Volatility: 7.7

1-Year Total Return ->

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

6.47$

Current Price

6.47$

Potential

-0.00%

Expected Cash-Flows