Concrete Pumping
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Concrete Pumping (BBCP) investor relations material

Concrete Pumping Q4 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q4 2025 earnings summary13 Jan, 2026

Executive summary

  • Largest concrete pumping service provider in the U.S. and U.K., with a leading position in concrete waste management through Eco-Pan, serving diverse end markets and regions.

  • Fiscal year 2025 revenue declined 7.7% year-over-year to $392.9 million, with net income dropping to $6.4 million from $16.2 million.

  • Fourth quarter results showed resilience amid a challenging macroeconomic environment, with stable U.S. commercial volumes and growth in infrastructure offsetting residential softness.

  • Eco-Pan waste management services delivered steady year-over-year growth, highlighting the benefits of a diversified platform.

  • Operates a pure service model with limited commodity and construction risk, leveraging a broad fleet and technical expertise.

Financial highlights

  • FY2025 revenue was $392.9 million, down 7.7% year-over-year; Q4 revenue was $108.8 million, down from $111.5 million.

  • Adjusted EBITDA for FY25 was $97.0 million (24.7% margin), down from $112.1 million (26.3%); Q4 Adjusted EBITDA was $30.7 million (28.2% margin).

  • Net income for FY25 was $6.4 million; diluted EPS: $0.09.

  • Net debt at year-end was $380.6 million, with a leverage ratio of 3.9x; available liquidity stood at $359.5 million.

  • Maintenance capex at 7% of revenue in FY2025; net cash from operations was $64.3 million.

Outlook and guidance

  • FY26 revenue expected between $390 million and $410 million; Adjusted EBITDA between $90 million and $100 million; free cash flow at least $40 million.

  • Assumes no meaningful recovery in construction markets; commercial volumes remain challenged.

  • $22 million in capital equipment investments accelerated into FY26 due to upcoming U.S. emissions regulations.

  • Positive infrastructure spending outlook; Eco-Pan expected to continue organic growth.

What is the strategic benefit of accelerated CapEx?
Eco-Pan growth from new vs. existing markets?
Status of delayed commercial projects?
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Frequently asked questions

Concrete Pumping Holdings, Inc. provides concrete pumping and waste management services in the United States and the United Kingdom. It operates through two segments, Concrete Pumping and Waste Management. The Concrete Pumping segment offers concrete pumping equipment for various concrete job-site applications by small line pumps, concrete line pumpers, large line pumps, trailer pumps, city pumps, and separate placing booms; and rental of specialized concrete pumping equipment for concrete construction projects. The Waste Management segment offers Ecoserv Waste Management Services for waste management for construction sites.

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