Concrete Pumping (BBCP) Q3 2026 earnings summary

Executive summary

• Revenue and adjusted EBITDA increased 13% year-over-year, driven by strong U.S. commercial and infrastructure demand, especially large-scale data center projects, and stable weather conditions.

• Net income rose 33% to $4.9 million, with EPS up to $0.09 per diluted share from $0.07.

• Eco-Pan business delivered record results, benefiting from commercial construction strength and new customer penetration.

• U.K. operations faced headwinds from inflation and slow commercial activity, but recent months showed improving trends and benefited from the Templant acquisition.

• Strategic investments in temporary power and expansion into Ireland are strengthening the long-term platform.

Financial highlights

• Q3 revenue rose to $116.8 million from $103.7 million year-over-year; gross margin was 38.7% versus 39% last year.

• U.S. Concrete Pumping revenue up 9.9% to $76.2 million; Eco-Pan revenue up 13.5% to $21.9 million; U.K. revenue up 23.9% to $18.7 million, mainly from the Templant acquisition.

• Net income attributable to common shareholders increased to $4.5 million ($0.09 per diluted share) from $3.3 million ($0.07 per share).

• Adjusted EBITDA rose to $30.4 million (26% margin); U.S. segment adjusted EBITDA up 17.8%, Eco-Pan up 19.2%.

• For the nine months ended July 31, 2026, revenue grew 10.6% to $314.1 million, and net income increased to $5.0 million from $1.1 million in the prior year period.

Outlook and guidance

• Full-year 2026 revenue guidance raised to $425–$435 million (prior: $410–$425 million).

• Adjusted EBITDA outlook increased to $103–$108 million (prior: $98–$105 million).

• Free cash flow expectation raised to ~$50 million (prior: at least $45 million).

• Guidance assumes continued infrastructure strength but no recovery in light commercial/residential volumes.

• Replacement CapEx for 2027 expected to be low single digits as a percentage of revenue, excluding 2026 pull-forward.