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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 Delivers Mixed Q4 Results Amidst Challenging Market Conditions

Concrete Pumping Holdings reported Q4 revenue of $108.8 million, a slight decline from $111.5 million in the prior year quarter, primarily due to delays in commercial construction and softness in residential demand. The US Concrete Pumping segment revenue was $72.2 million, while the US concrete waste management services segment operating under Eco Pan increased 8% to $21.3 million. Gross margin declined 170 basis points to 39.8%, and net income available to common shareholders was $4.9 million or $0.09 per diluted share, with actual EPS coming in at $0.1031, beating estimates of $0.08.

Publication Date: Jan -14

📋 Highlights
  • Q4 Revenue Decline:: Revenue fell to $108.8M vs. $111.5M prior year due to commercial construction delays and residential demand softness.
  • Eco Pan Growth:: US concrete waste management revenue rose 8% to $21.3M despite broader market challenges.
  • 2026 Guidance:: Anticipates $390–$410M revenue and $90–$100M adjusted EBITDA, with $40M+ free cash flow.
  • Fleet Investment:: $22M allocated in 2026 for US fleet upgrades to meet stricter NOx emission standards.
  • Share Repurchases:: Repurchased 4.9M shares for $31.5M, leaving $18.5M in remaining authorization.

Segment Performance

The company's US concrete pumping business reported revenue of $72.2 million, while Eco Pan's revenue grew 8% to $21.3 million. The UK operations revenue declined to $15.3 million, primarily driven by volume weakness. The company's diversified revenue streams helped mitigate the impact of the decline in commercial construction.

Guidance and Outlook

The company expects revenue for fiscal 2026 to range between $390 million and $410 million and adjusted EBITDA to range between $90 million and $100 million. They anticipate free cash flow of at least $40 million. The company is accelerating a $22 million investment in its US concrete pumping and Eco Pan fleet in 2026, due to upcoming stricter NOx emission standards, which is expected to reduce replacement CapEx expenditures in 2027.

Valuation and Financial Health

With a P/E Ratio of 37.67 and EV/EBITDA of 7.93, the company's valuation appears to be reflecting its growth prospects. The company's Net Debt / EBITDA ratio stands at 4.07, indicating a relatively leveraged balance sheet. However, the company has a comfortable liquidity position to support its fleet investment. Analysts estimate next year's revenue growth at 7.4%, indicating a moderate growth trajectory.

Growth Drivers and Challenges

The company's Eco Pan segment is expected to achieve high single-digit to double-digit growth, driven by its expanding presence in new regions. The US concrete pumping business is expected to be resilient, driven by infrastructure projects and data centers. However, the commercial market in the UK remains a question mark, and the company is cautious about potential delays in office building and manufacturing projects.

3. NewsRoom

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Financial Survey: Concrete Pumping (NASDAQ:BBCP) vs. Smart Powerr (NASDAQ:CREG)

Feb -22

Source: defenseworld.net

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Analyzing Concrete Pumping (NASDAQ:BBCP) and N-Viro International (OTCMKTS:NVIC)

Feb -05

Source: defenseworld.net

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AMH Equity Ltd Makes New $705,000 Investment in Concrete Pumping Holdings, Inc. $BBCP

Jan -18

Source: defenseworld.net

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Concrete Pumping Holdings' Plunge Offers An Opportunity

Jan -15

Source: seekingalpha.com

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Concrete Pumping Holdings, Inc. (BBCP) Q4 2025 Earnings Call Transcript

Jan -14

Source: seekingalpha.com

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Concrete Pumping Holdings Reports Fourth Quarter and Fiscal Year 2025 Results

Jan -13

Source: globenewswire.com

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First Look: Fed Probe, Bank Cap Shock, Gold Soars, Deals

Jan -13

Source: gurufocus.com

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Concrete Pumping Holdings Sets Fourth Quarter and Fiscal Year 2025 Earnings Conference Call for Tuesday, January 13, 2026

Jan -05

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: 5.0/10

Value: 4.3

Growth: 5.2

Quality: 3.6

Yield: 8.0

Momentum: 4.0

Volatility: 4.7

1-Year Total Return ->

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NV5 Global

A-Score: 4.9/10

Value: 4.2

Growth: 5.0

Quality: 5.3

Yield: 0.0

Momentum: 7.0

Volatility: 8.0

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Tutor Perini

A-Score: 4.6/10

Value: 6.0

Growth: 4.7

Quality: 4.3

Yield: 0.0

Momentum: 9.5

Volatility: 3.0

1-Year Total Return ->

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Orion Holdings

A-Score: 4.2/10

Value: 6.0

Growth: 5.6

Quality: 4.2

Yield: 0.0

Momentum: 7.0

Volatility: 2.3

1-Year Total Return ->

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Great Lakes Dredge & Dock

A-Score: 4.1/10

Value: 5.2

Growth: 4.0

Quality: 5.1

Yield: 0.0

Momentum: 5.5

Volatility: 5.0

1-Year Total Return ->

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Matrix Service

A-Score: 4.1/10

Value: 8.7

Growth: 4.8

Quality: 4.1

Yield: 0.0

Momentum: 3.5

Volatility: 3.7

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

6.79$

Current Price

6.79$

Potential

-0.00%

Expected Cash-Flows