Concrete Pumping (BBCP) investor relations material

Executive summary

• Revenue grew 13.7–14% year-over-year in Q2 FY2026 to $106.8 million, driven by strong U.S. commercial and infrastructure activity, especially in data centers and waste management services.

• Adjusted EBITDA rose 17–17.4% to $26.4 million, with margin expanding to 24.7%, and income from operations increased 46%.

• Net income improved to $2.5 million, or $0.04 per diluted share, from a near break-even or slight loss last year.

• The Temp Plant/Templant acquisition in the U.K. expanded the platform into temporary power services, contributing to diversification and growth.

• U.S. commercial and infrastructure construction remained robust, while residential and light commercial segments were subdued due to high interest rates.

Financial highlights

• Q2 revenue was $106.8 million, up from $94 million year-over-year, led by U.S. commercial and infrastructure projects.

• U.S. Concrete Pumping revenue rose 15.2% to $71.5 million; Eco-Pan/Waste Management revenue increased 12.7–13% to $20.3 million; U.K. revenue grew 8–8.2% to $14.9 million.

• Gross margin improved slightly to 38.6% from 38.5% year-over-year.

• Net income attributable to shareholders was $2.1–$2.5 million ($0.04 per diluted share), compared to a net loss of $0.4 million ($0.01 per share) last year.

• Adjusted EBITDA rose 17–17.4% to $26.4 million, with margin up to 24.7%.

Outlook and guidance

• Full-year FY2026 revenue outlook raised to $410–$425 million (prior: $390–$410 million).

• Adjusted EBITDA guidance increased to $98–$105 million (prior: $90–$100 million).

• Free cash flow expectation raised to at least $45 million (prior: ~$40 million).

• Guidance assumes continued softness in residential and light commercial construction.

• Accelerating $22 million of capital equipment investment into 2026 ahead of stricter emissions standards in 2027.