BBCP

Image source: The Motley Fool. Thursday, Sept. 3, 2026 at 5:00 p.m. ET Chief Executive Officer - Bruce Young Chief Financial Officer - Iain Humphries External Director of Investor Relations - Cody Slach Operator: Good afternoon, everyone, and thank you for participating in today's conference call to discuss Concrete Pumping Holdings' financial results for the third quarter ended July 31, 2026. Joining us today are Concrete Pumping Holdings' CEO, Bruce Young, CFO, Iain Humphries, and the company's External Director of Investor Relations, Cody Slach. Before we go further, I would like to turn the call over to Mr. Slach to read the company's safe harbor statement within the meaning of the Private Securities Litigation Reform Act of 1995 that provides important cautions regarding forward-looking statements. Cody, please go ahead. Cody Slach: Thank you. I'd like to remind everyone that during this call, to give you a better understanding of our operations, we will be making certain forward-looking statements regarding our business and outlook. These statements are subject to numerous risks and uncertainties that could cause actual results to differ materially from such statements. For information concerning these risks and uncertainties, see Concrete Pumping Holdings' Annual Report on Form 10-K, Quarterly Report on Form 10-Q, and other publicly available filings with the SEC. The company disclaims any intention or obligation to update or revise any forward-looking statements, whether because of new information, future events, or otherwise. On today's call, we will also reference certain non-GAAP financial measures, including adjusted EBITDA, net debt, and free cash flow, which we believe provide useful information for investors. We provide further information about these non-GAAP financial measures and reconciliations with comparable GAAP measures in our press release issued today or the investor presentation posted on the company's website. I'd like to remind everyone that this call will be available for replay later this evening. Our webcast replay will also be available via the link provided in today's press release, as well as on the company's website. Additionally, we have posted an updated investor presentation to the company's website. Now I'd like to turn the call over to the CEO of Concrete Pumping Holdings, Bruce Young. Bruce? Bruce Young: Thank you, Cody, and good afternoon, everyone. 2026 remains on track to be a strong year for our company as we continue to execute our strategy and prove ourselves to be the partner of choice of our customers, particularly in large, more complex projects. I'm pleased to report that we delivered another strong quarter with revenue increasing 13% year over year and adjusted EBITDA also growing 13%, reflecting continued momentum across our U.S. operations, disciplined operational execution, and healthy demand across several of our key end markets. Our performance during the quarter continued to be led by large-scale commercial and infrastructure construction activity. As we have discussed in the last couple of quarters, data centers and other large-scale commercial projects remain the primary driver of growth. In addition, we are also seeing encouraging activity across education, utilities, energy, and other infrastructure-related projects. These larger more complex projects continue to support healthy fleet utilization across both our Brundage-Bone and Eco-Pan businesses and reinforce the competitive advantages created by our national footprint, scale, and operational expertise. We remain optimistic about the continued growth in these segments for the foreseeable future. The broader construction backdrop remains largely unchanged. Heavy commercial construction has remained relatively resilient, while light commercial activity continues to be pressured by elevated interest rates and economic uncertainty. Residential construction also remains soft as affordability challenges continue to weigh on new home construction despite favorable long-term housing fundamentals. Our Eco-Pan Concrete Waste Management Services business again delivered an excellent quarter and remains on track for another record year, benefiting from continued strength in commercial construction activity, pricing execution, and ongoing penetration into new customer accounts. Eco-Pan continues to demonstrate the attractive operating characteristics of the business and remains an important differentiator for our overall platform. Turning to our U.K. operations, market conditions remain more challenging than those in the U.S. with inflation, elevated interest rates, and slower commercial construction environment continuing to pressure demand. That said, we were encouraged to see commercial activity improve during the months of July and August, and while it's too early to call an inflection point, the trends are encouraging. In addition to our recent expansion into the temporary power market, it's performing well as executing in line with our strategy to build a diversified multi-service platform supporting the construction and infrastructure sectors. Along with our Republic of Ireland expansion, these strategic growth investments continue to strengthen our long-term platform. Overall, we are pleased with our performance through the first nine months of fiscal 2026. We continue to grow profitably and generate meaningful free cash flow, and our balance sheet is in an excellent position as we have driven net leverage down to 3.6x on track towards our near-term target of 3x. Liquidity is also very strong at about $357 million, giving us tremendous flexibility to grow shareholder value through accelerated organic growth opportunities, M&A, and other capital allocation strategies. The consistency of our execution, the durability of demand across large commercial and infrastructure projects, and the strength of our operating model give us confidence as we enter the final quarter of fiscal 2026. As a result, we are once again raising our full-year revenue, adjusted EBITDA, and free cash flow outlook while remaining focused on disciplined execution, free cash flow generation, and long-term value creation for our shareholders. Looking out longer term, we are excited about the opportunities we see in front of us. We believe these opportunities, coupled with our differentiated business model, will translate to profitable growth across all segments both organically and through potential M&A. Today we made an important update regarding capital allocation, and we are pleased to announce that our Board of Directors has approved the initiation of a regular quarterly cash dividend. The first expected payment of $0.13 per share is to be paid on October 2, 2026, and on an annualized basis, this equates to $0.52 per share, representing a yield of approximately 5.6% based on our current stock price. The dividend does not change our growth investment priorities and our ability to pursue strategic initiatives. Rather, it reflects our confidence in the durability of our free cash flow and our commitment to returning capital to shareholders through multiple channels. I will now turn the call over to Iain to walk through financial results in more detail. Iain? Iain Humphries: Thanks, Bruce, and good afternoon, everyone. Moving directly into our third quarter results. Revenue increased 13% to $116.8 million compared to $103.7 million in the prior year quarter. The increase was driven by continued strength in U.S. commercial and infrastructure activity, particularly large-scale data center and infrastructure projects, along with pricing improvement and mostly stable weather conditions across our U.S. markets. Revenue in our U.S. Concrete Pumping segment increased 10% to $76.2 million compared to $69.3 million in the prior year quarter. Commercial and infrastructure activity remained healthy, led by continued demand from data centers while utilities, education, and energy-related projects also contributed to growth. These gains were partially offset by continued softness in light commercial construction and subdued residential demand resulting from elevated interest rates and ongoing economic uncertainty. Revenue in our Eco-Pan Concrete Waste Management Services business increased 14% to $21.9 million compared to $19.3 million in the prior year quarter. Growth was driven by organic volume increases, pricing improvements, and continued success expanding relationships with new customers, demonstrating the scalability and resiliency of the business. Turning to our U.K. operations, revenue increased 24% to $18.7 million. The increase primarily reflected the contribution from the Templant temporary power acquisition while underlying commercial construction activity remained relatively soft. Although inflationary pressures continue to impact fuel costs, we were encouraged by the improving commercial demand activity during July and August and continue to believe our strategic investments are positioning the business for long-term growth. At the consolidated level, gross margin was 38.7% compared to 39% in the prior year quarter. Pricing execution largely offset inflationary pressures with a modest decline primarily reflecting higher fuel costs during the quarter. General and administrative expenses increased to $30.1 million compared to $27.5 million in the prior year quarter, reflecting higher stock compensation and costs from recent acquisitions. However, G&A as a percentage of revenue improved to 25.8% from 26.5%, demonstrating continued operating leverage. Net income attributable to common shareholders increased to $4.5 million, or $0.09 per diluted share, compared to $3.3 million, or $0.07 per diluted share, last year. Adjusted EBITDA increased 13% to $30.4 million, with margin improving to 26%. Within U.S. Concrete Pumping, adjusted EBITDA increased 18% to $18.4 million, while Eco-Pan adjusted EBITDA increased 19% to $8.8 million, reflecting continued operating leverage from higher volumes and improved pricing. Turning to liquidity, and as Bruce mentioned earlier, we ended the quarter with total debt of $425 million and net debt of approximately $382 million, reducing our net leverage ratio to approximately 3.6x adjusted EBITDA compared to 3.8x last quarter. We also ended the quarter with approximately $357 million of available liquidity. The continued reduction in leverage reflects our strong free cash flow generation and disciplined capital allocation strategy and positions us well to continue investing in the business while maintaining balance sheet flexibility. Turning now to our outlook for fiscal 2026, based on our continued strong performance through the first nine months of the year, we are once again increasing our 2026 full year guidance. We now expect revenue between $425 million and $435 million compared to our prior range of $410 million to $425 million. We are also raising our adjusted EBITDA outlook to a range of $103 million to $108 million from our prior range of $98 million to $105 million. And lastly, we are also increasing our free cash flow expectation to approximately $50 million from our prior expectation of at least $45 million. Turning to capital allocation, over the last four years, we have returned approximately $91 million to shareholders through share purchases and a special dividend. As Bruce mentioned earlier, today we have added to our capital allocation strategy by initiating a regular quarterly cash dividend program. The first expected payment of $0.13 per share is to be paid on October 2, 2026 to shareholders of record as of September 18, 2026. On an annualized basis, this equates to $0.52 per share, representing a yield of approximately 5.6% based on our current stock price. As always, the declaration and payment of any future dividends remains subject to the discretion and approval of our Board of Directors each quarter based on our financial position, cash flow generation, and capital needs at the time. As a reminder from last quarter, since the initiation of our share repurchase program in 2022, we have repurchased approximately 5.9 million shares for $38.1 million. There is $11.9 million remaining under the current authorization, and the Board of Directors recently extended its authorization through November 30, 2028. These items, in addition to our strategic growth initiatives, reflect our confidence in our business model and ability to generate healthy free cash flow as we remain committed to our near-term net leverage target of 3x. With that, I'll turn the call back to Bruce. Bruce Young: Thanks, Iain. As we look toward the remainder of the year, we remain encouraged by both the consistency of our execution and the resilience of our business. Demand across large commercial and infrastructure projects continues to provide a solid foundation for growth, while our diversified service offering and disciplined operating model continue to differentiate us in the marketplace. Our priorities remain unchanged. We will continue to execute with discipline, investing strategically in our fleet, expanding complementary service offerings, and maintaining a strong balance sheet. The progress we've made reducing leverage to 3.6x while continuing to invest in the business demonstrates the strength of our cash generation and provides additional flexibility to pursue active growth opportunities. Our newly established regular dividend program sits alongside our disciplined capital allocation commitment to continued investment in growth opportunities, providing superior shareholder value and lower leverage. While remaining mindful of ongoing softness in residential construction and the uncertainty that persists in portions of the U.K. market, we believe our diversified end markets, operational discipline, and strategic investment positions us well to continue delivering long-term value for our customers and shareholders. With that, I'd like to turn the call back over to the operator for Q&A. Shamali? Operator: Thank you, sir. We will now begin a question and answer session. [Operator Instructions] And our first question comes from the line of Andy Wittmann with Baird. Please proceed with your question. Andrew J. Wittmann: Great, good afternoon. Thanks, guys, for taking my questions. Iain, I guess I wanted to just start a little bit on the cash flow dividend here. It was interesting news; I was a little surprised by it, but I'm sure the market will like that. Not sure, but I think it will. I guess my question has to do with the free cash flow guidance here. Year to date, you're already free cash flow, like $40 million. So 4Q is like $10 million. I guess you pay the coupon on some of the debt, or paid it in August. It kind of feels like that's not just a lot of cash flow in the fourth quarter. Can you maybe talk through some of the moving pieces? And I know you're pulling forward some of the — I don't know if that, if you consider the CapEx for the fleet that you're pulling forward to get ahead of the emission stuff. Is that the reason why free cash flow is not better? Are you considering that growth or maintenance CapEx? Because I guess your free cash flow definition is only including the maintenance side of that so I can just clarify what the fourth quarter looks like and what the, and the CapEx numbers in the fourth quarter, maybe? Iain Humphries: Yes, thanks for the question, Andy. I'll start with the pull forward of the 2027 CapEx. So it's mostly a replacement that we're pulling forward in 2026. So that's, that would be reversed in next year's free cash flow update. I guess the best way to think about the free cash flow guide update for the full year, if you work from the midpoint of the EBITDA guide, so call it $105 million or $106 million, the difference between that and the $50 million is approximately $32 million of interest and about $23 million of replacement CapEx. So there's a small amount of replacement CapEx in the fourth quarter, and that replacement CapEx is about 5% of revenue which is in line with our normal run rate, so they're probably like $2 million or $3 million of replacement CapEx in the fourth quarter. Andrew J. Wittmann: So as we look forward then, with the pull forward, what's the right number for replacement CapEx that you're thinking, kind of broad strokes for '27? I'm not looking for decimal points or anything like that. I know you're not giving '27 guides. I just want to make sure we're thinking like you're thinking. Iain Humphries: Yes. So, excluding the pull forward piece, it will be a low single digits in next year. Andrew J. Wittmann: Excluding the pull forward. Got it. Okay. Iain Humphries: Yes. So yes, if all the pull -- you might remember, so we had $22 million of pull forward, about $18 million of that was for U.S. Pumping and about $4 million for Eco-Pan. So depending on how much of the replacement comes through in the fourth quarter, the expectation for next year on replacement would be low percentage single digits for the U.S. Pumping business. Andrew J. Wittmann: And then with the dividend, how does that work against the Nuveen preferred? Does that preferred conversion ratio change as a result of this? Can you just update us on that? Because it used to have a mandatory conversion trigger and all these things, and so does that start moving now that you're paying the dividend on the common? Iain Humphries: Doesn't change anything on the preferred. Andrew J. Wittmann: Okay, got it, that makes sense. And then just as it relates to the 3.0 target now with a decent sized dividend here, what's a realistic timeframe to consider getting down to that 3.0 target? Understanding, obviously, that you're always looking at M&A, but maybe you could say, like, if you don't do M&A, X is the date we think is realistic or something like that? Iain Humphries: Yes, it's a good question. So obviously it depends on the investments that we make in growth initiatives. But I mean, as you remember, we've had a healthy like share repurchase in prior years. So from last year, I want to say it was around $12 million to $14 million. I think in the, in the year prior to that, it was around $10 million. So, depending on where the share price is, it would depend on what goes into share repurchases. From a cash perspective, we've always thought that, it's not a stretch for us to turn leverage down by at least a half a turn in 12 months. Obviously, it's dependent on, what we do on the growth side as well, but a reasonable expectation, I would say, is, I would say around 18 months, barring anything extraordinary on the investment side. Andrew J. Wittmann: Okay, and then my last question is just on the margins in the U.K. segment. It was a lower number than I think I expected here, and I was just wondering if there was a mix impact from the acquisition in there or something else that we should know about, just because that one just stood out a little bit and I wanted to understand? Iain Humphries: Yes, nothing really from the acquisition side that have impacted margin. I mean, as you'll know, we've had some demand headwinds in the U.K. slightly. So there's been a slight loss of labor efficiency. But as Bruce mentioned in his comments, we've seen a bit of a pickup in the volume side in July in demand. So it's slightly from the labor component in the third quarter, just really based on demand. Bruce Young: Yes, and I think what I would add to that, Andy, in the U.K., labor isn't as variable as what we see in the U.S., so we need to keep our team intact and we pay them while we have them employed for us. But we are seeing really strong signs of that market starting to come back, so we think that will improve. Andrew J. Wittmann: Okay, that's good context. I appreciate you flagging the difference in the labor -- the labor force there, Bruce. Operator: Thank you. At this time, this concludes our question and answer session. I would now like to turn the call back over to Mr. Young for closing remarks. Bruce Young: Thank you, Shamali. We'd like to thank everyone for listening to today's call and we look forward to speaking with you when we report our fourth quarter and full year 2026 results in January. Thank you. Operator: And ladies and gentlemen, this does conclude today's teleconference. You may disconnect your lines at this time. Thank you for your participation. 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This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Concrete Pumping (BBCP) Q3 2026 Earnings Call Transcript was originally published by The Motley Fool

Investors might want to bet on Concrete Pumping (BBCP), as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook. The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this company, should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. This insight is at the core of our stock rating tool -- the Zacks Rank. The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008. For Concrete Pumping, strong agreement among the covering analysts in revising earnings estimates upward has resulted in meaningful improvement in consensus estimates for the next quarter and full year. The chart below shows the evolution of forward 12-month Zacks Consensus EPS estimate: The company is expected to earn $0.12 per share for the current quarter, which represents a year-over-year change of +33.3%. Over the last 30 days, one estimate has moved higher for Concrete Pumping compared to no negative revisions. As a result, the Zacks Consensus Estimate has increased 9.09%. For the full year, the company is expected to earn $0.19 per share, representing a year-over-year change of +72.7%. In terms of estimate revisions, the trend for the current year also appears quite encouraging for Concrete Pumping. Over the past month, one estimate has moved higher compared to no negative revisions, helping the consensus estimate increase 11.77%. The promising estimate revisions have helped Concrete Pumping earn a Zacks Rank #2 (Buy). The Zacks Rank is a tried-and-tested rating tool that helps investors effectively harness the power of earnings estimate revisions and make the right investment decision.You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Our research shows that stocks with Zacks Rank #1 (Strong Buy) and 2 (Buy) significantly outperform the S&P 500. While strong estimate revisions for Concrete Pumping have attracted decent investments and pushed the stock 11.3% higher over the past four weeks, further upside may still be left in the stock. So, you may consider adding it to your portfolio right away. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CONCRETE PUMPING HOLDINGS, INC. (BBCP) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Revenue growth of 13% was primarily driven by high-complexity projects, specifically data centers and infrastructure, which offset persistent softness in light commercial and residential sectors. The Eco-Pan business continues to serve as a high-margin differentiator, achieving record performance through increased customer penetration and effective pricing execution. U.S. operations benefited from disciplined operational execution and mostly stable weather conditions, allowing for efficient fleet utilization across core segments. U.K. performance remains pressured by inflation and high interest rates, though management noted encouraging demand improvements during July and August. The acquisition of Templant has successfully expanded the company's footprint into the temporary power market, supporting the strategy of building a multi-service infrastructure platform. Net leverage was reduced to 3.6x, supported by strong free cash flow generation and a disciplined approach to capital allocation. Management initiated a regular quarterly dividend of $0.13 per share, citing confidence in the durability of free cash flow without compromising growth investment capacity. Full-year 2026 guidance was raised across revenue, adjusted EBITDA, and free cash flow, reflecting sustained momentum in large-scale commercial activity. The company is targeting a near-term net leverage ratio of 3x, with management expecting to reduce leverage by approximately 0.5x every 12 to 18 months barring major M&A. Capital expenditure for 2027 is expected to be in the low single digits as a percentage of revenue due to the strategic pull-forward of fleet replacements into 2026. Growth strategy remains focused on a mix of organic expansion in complementary services and opportunistic M&A, supported by $357 million in available liquidity. Management anticipates continued resilience in heavy commercial and infrastructure markets while remaining cautious regarding the timing of a broader residential construction recovery. Gross margins saw a modest decline to 38.7% due to higher fuel costs, which were only partially offset by pricing adjustments. The U.K. segment experienced labor efficiency headwinds because labor costs are less variable than in the U.S., requiring the company to maintain staffing levels during demand lulls. A $22 million CapEx pull-forward into 2026 was executed to stay ahead of upcoming emissions regulation changes, impacting current period cash flow dynamics. The Board extended the share repurchase authorization through November 30, 2028, with $11.9 million remaining under the current program. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Management clarified that the $50 million free cash flow guide accounts for approximately $32 million in interest and $23 million in replacement CapEx. The fourth quarter will see a small amount of replacement CapEx, roughly $2 million to $3 million, maintaining a 5% of revenue run rate. Management expects to reach the 3.0x target within approximately 18 months, assuming no extraordinary large-scale investments. The company typically aims to reduce leverage by at least half a turn every 12 months through organic cash generation. Lower U.K. margins were attributed to labor inefficiency rather than acquisition mix, as the company chose to keep teams intact despite soft demand. Management expressed optimism that margins will improve as the U.K. market showed signs of volume recovery in late Q3. Management confirmed that the initiation of the common stock dividend does not change the terms or conversion ratios for the Nuveen preferred shares.

Concrete Pumping Holdings (NASDAQ:BBCP) Class A shares rose 17.4% in pre-market trading to $10.62 after the company reported fiscal third-quarter 2026 earnings and revenue above analyst expectations, raised its full-year guidance and announced its first recurring quarterly dividend. Revenue for the quarter increased 13% year over year to $116.8 million, exceeding the consensus estimate of approximately $109.7 million. Adjusted EBITDA also rose 13% to $30.4 million, with the adjusted EBITDA margin remaining at 26.0%. Diluted earnings per share were $0.09, compared with an analyst estimate of $0.08. Net income attributable to common shareholders increased to $4.5 million from $3.3 million in the same period a year earlier. Following the quarterly results, Concrete Pumping increased its fiscal 2026 revenue guidance to between $425 million and $435 million, compared with its previous forecast of $410 million to $425 million. Adjusted EBITDA guidance was raised to $103 million to $108 million from the previous range of $98 million to $105 million. The company also increased its free cash flow guidance to approximately $50 million, from its previous expectation of at least $45 million. Concrete Pumping’s board initiated a regular quarterly cash dividend of $0.13 per share, equivalent to $0.52 per share on an annualised basis. Based on the previous closing share price, the annualised dividend represents a yield of approximately 5.6%. The first payment is scheduled for October 2, 2026. The board also extended the company’s existing share repurchase authorisation through November 2028. CEO Bruce Young expressed confidence in the company’s ability to generate consistent cash flow while investing in growth and reducing leverage. CFO Iain Humphries outlined a target of reaching net leverage of 3.0 times within approximately 18 months. The broader U.S. equity market showed comparatively modest gains, with the S&P 500 up 0.05% and the Nasdaq gaining 0.4% in pre-market trading. In the previous session, the S&P 500 and Dow had each gained more than 1% as Treasury yields declined and Federal Reserve Governor Waller indicated that an interest-rate increase would not be warranted if underlying inflation continued to moderate. Concrete Pumping shares had fallen approximately 8.8% over the month preceding the results. The pre-market advance to $10.62 moved the stock higher within its 52-week range of $5.555 to $12.19. The company’s activities include construction services supporting data centre and infrastructure projects, as well as its Eco-Pan waste management business. Concrete Pumping Holdings stock price

This article first appeared on GuruFocus. Revenue: Increased 13% year over year to $116.8 million, compared to $103.7 million in the prior year quarter. US Concrete Pumping Segment Revenue: Increased 10% to $76.2 million, up from $69.3 million in the prior year quarter. EcoPan Segment Revenue: Increased 14% to $21.9 million, compared to $19.3 million in the prior year quarter. UK Operations Revenue: Increased 24% to $18.7 million, primarily reflecting the contribution from the templant temporary power acquisition. Gross Margin: Was 38.7%, compared to 39% in the prior year quarter, with the modest decline primarily reflecting higher fuel costs. General and Administrative Expenses: Increased to $30.1 million from $27.5 million in the prior year quarter, but improved as a percentage of revenue to 25.8% from 26.5%. Net Income: Attributable to common shareholders increased to $4.5 million, or $0.09 per diluted share, compared to $3.3 million, or $0.07 per diluted share, last year. Adjusted EBITDA: Increased 13% to $30.4 million, with margin improving to 26%. US Concrete Pumping Adjusted EBITDA: Increased 18% to $18.4 million. EcoPan Adjusted EBITDA: Increased 19% to $8.8 million. Net Debt: Approximately $382 million, reducing net leverage ratio to approximately 3.6 times adjusted EBITDA, compared to 3.8 times last quarter. Liquidity: Approximately $357 million of available liquidity. Fiscal 2026 Revenue Guidance: Raised to between $425 million and $435 million, from prior range of $410 million to $425 million. Fiscal 2026 Adjusted EBITDA Guidance: Raised to a range of $103 to $108 million, from prior range of $98 to $105 million. Fiscal 2026 Free Cash Flow Guidance: Increased to approximately $50 million, from prior expectation of at least $45 million. Dividend: Initiated a regular quarterly cash dividend of $0.13 per share, equating to $0.52 per share on an annualized basis, representing a yield of approximately 5.6%. Warning! GuruFocus has detected 4 Warning Signs with BBCP. Is BBCP fairly valued? Test your thesis with our free DCF calculator. Release Date: September 03, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Revenue increased 13% year-over-year to $116.8 million, driven by strong US commercial and infrastructure activity, particularly data center projects. Adjusted EBITDA grew 13% to $30.4 million, with margin improving to 26%, reflecting disciplined operational execution and pricing improvements. EcoPan Concrete Waste Management Services delivered another record quarter with revenue up 14% and adjusted EBITDA up 19%, benefiting from volume growth, pricing, and new customer penetration. The company initiated a regular quarterly cash dividend of $0.13 per share, representing an annualized yield of approximately 5.6%, signaling confidence in free cash flow durability. Net leverage was reduced to 3.6 times adjusted EBITDA, down from 3.8 times last quarter, with strong liquidity of approximately $357 million, providing flexibility for growth and capital allocation. Light commercial construction activity remains pressured by elevated interest rates and economic uncertainty, partially offsetting growth in other segments. Residential construction remains soft due to affordability challenges, continuing to weigh on new home construction demand. UK market conditions remain challenging with inflation, elevated interest rates, and a slower commercial construction environment, impacting demand and labor efficiency. Gross margin declined slightly to 38.7% from 39% in the prior year quarter, primarily due to higher fuel costs. Free cash flow guidance for the fourth quarter is modest at approximately $10 million, reflecting the pull-forward of replacement CapEx and higher interest costs. Q: Can you clarify the fourth-quarter free cash flow outlook and the impact of pulling forward 2027 capital expenditures, particularly regarding the emissions-related fleet replacement?A: Iain Humphries (CFO) explained that the free cash flow guidance of approximately $50 million reflects the pull-forward of mostly replacement CapEx from 2027 into 2026. Working from the midpoint of the adjusted EBITDA guide (~$105-106 million), the difference to $50 million free cash flow is approximately $32 million of interest and about $23 million of replacement CapEx. He noted that replacement CapEx is about 5% of revenue, in line with the normal run rate, with only $2-3 million of replacement CapEx expected in the fourth quarter. Q: With the initiation of the regular quarterly dividend, what is a realistic timeframe to reach the net leverage target of 3.0 times, assuming no M&A activity?A: Iain Humphries (CFO) stated that the timeframe depends on investments in growth initiatives and share repurchases. He noted that the company has historically repurchased $10-14 million of shares annually. He indicated that reducing leverage by at least half a turn in 12 months is not a stretch, and a reasonable expectation to reach the 3.0 times target would be around 18 months, barring any extraordinary investments. Q: How does the new common stock dividend program interact with the Nuveen Preferred shares, and does it trigger any changes to the conversion ratio or mandatory conversion provisions?A: Iain Humphries (CFO) confirmed that the initiation of the common stock dividend does not change anything regarding the Nuveen Preferred shares. Q: The UK segment margins were lower than expected. Is there a mix impact from the Templant acquisition or another factor driving this underperformance?A: Iain Humphries (CFO) clarified that the acquisition did not impact margins. The lower margins were primarily due to demand headwinds in the UK, which caused a slight loss of labor efficiency. Bruce Young (CEO) added that labor in the UK is less variable than in the US, so the company must keep its team intact and pay them even during softer demand periods. However, management noted encouraging signs of a market recovery in July and August. Q: What is the expected replacement CapEx run rate for fiscal 2027, given the pull-forward of spending into 2026?A: Iain Humphries (CFO) stated that excluding the pull-forward piece, replacement CapEx for next year would be in the low single digits as a percentage of revenue. He detailed that of the $22 million pulled forward, approximately $18 million was for US pumping and $4 million for EcoPan. The expectation for next year's replacement CapEx for the US pumping business would be low percentage single digits. Q: Can you provide more detail on the strength of demand across your key end markets, particularly data centers and other large-scale projects?A: Bruce Young (CEO) highlighted that large-scale commercial and infrastructure construction activity, especially data centers, remains the primary driver of growth. The company is also seeing encouraging activity across education, utilities, energy, and other infrastructure-related projects. These larger, more complex projects support healthy fleet utilization across both the Brundage-Bone and EcoPan businesses and reinforce the competitive advantages of the company's national footprint and operational expertise. Q: What is the current status of the UK market, and what are the expectations for recovery given the challenging conditions?A: Bruce Young (CEO) acknowledged that UK market conditions remain more challenging than the US, with inflation, elevated interest rates, and a slower commercial construction environment pressuring demand. However, he noted that commercial activity improved during July and August, and while it's too early to call an inflection point, the trends are encouraging. The company's recent expansion into the temporary power market through the Templant acquisition is performing well and aligns with the strategy to build a diversified multi-service platform. Q: Can you elaborate on the performance of the EcoPan business and its contribution to the quarter's results?A: Iain Humphries (CFO) reported that EcoPan revenue increased 14% to $21.9 million, driven by organic volume increases, pricing improvements, and continued success expanding relationships with new customers. EcoPan adjusted EBITDA increased 19% to $8.8 million, reflecting continued operating leverage from higher volumes and improved pricing. Bruce Young (CEO) added that EcoPan remains on track for another record year and continues to demonstrate the attractive operating characteristics of the business as an important differentiator for the overall platform. Q: What drove the decision to raise full-year guidance, and what are the updated expectations for revenue, adjusted EBITDA, and free cash flow?A: Iain Humphries (CFO) announced that based on strong performance through the first nine months of fiscal 2026, the company is raising its full-year guidance. Revenue is now expected between $425 million and $435 million (up from $410-425 million), adjusted EBITDA is expected between $103 million and $108 million (up from $98-105 million), and free cash flow is expected to be approximately $50 million (up from at least $45 million). Q: How is the company balancing its capital allocation priorities between the new dividend, share repurchases, and continued investment in growth opportunities?A: Bruce Young (CEO) emphasized that the new dividend does not change the company's growth investment priorities or its ability to pursue strategic initiatives. The dividend reflects confidence in the durability of free cash flow and a commitment to returning capital to shareholders through multiple channels. Iain Humphries (CFO) added that the Board extended the share repurchase authorization through November 30, 2028, with $11.9 million remaining under the current authorization, demonstrating a balanced approach to capital allocation. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Interested in Concrete Pumping Holdings, Inc.? Here are five stocks we like better. Strong Q3 performance: Revenue rose 13% year over year to $116.8 million, while adjusted EBITDA increased 13% to $30.4 million. Growth was driven by U.S. commercial and infrastructure projects, particularly data centers, along with gains in the Eco-Pan business. Full-year outlook raised: Concrete Pumping now expects fiscal 2026 revenue of $425 million–$435 million, adjusted EBITDA of $103 million–$108 million and free cash flow of about $50 million. Dividend initiated as leverage declines: The company announced a quarterly dividend of $0.13 per share, while net leverage fell to approximately 3.6 times adjusted EBITDA. Management continues targeting three times leverage and maintains capital flexibility for fleet investments, acquisitions and share repurchases. Concrete Pumping (NASDAQ:BBCP) reported higher third-quarter revenue and adjusted EBITDA as demand for large commercial and infrastructure projects, including data centers, continued to support its U.S. operations. The company also raised its fiscal 2026 outlook and announced a regular quarterly cash dividend. For the quarter ended July 31, 2026, revenue rose 13% year over year to $116.8 million. Net income attributable to common shareholders increased to $4.5 million, or $0.09 per diluted share, from $3.3 million, or $0.07 per diluted share, a year earlier. Adjusted EBITDA increased 13% to $30.4 million, while adjusted EBITDA margin improved to 26%. → Boarding Call: EHang Secures First-Mover Altitude Chief Executive Officer Bruce Young said the quarter was led by large-scale commercial and infrastructure construction activity. Data centers remained the primary growth driver, while education, utilities, energy and other infrastructure-related projects also contributed to demand. “These larger, more complex projects continue to support healthy fleet utilization across both our Brundage-Bone and Eco-Pan businesses,” Young said, pointing to the company’s national footprint, operating scale and technical expertise. → Medtronic’s Stars Are Aligning for a Price Recovery U.S. Concrete Pumping segment revenue increased 10% to $76.2 million from $69.3 million in the prior-year period. Segment adjusted EBITDA rose 18% to $18.4 million. The company cited strong commercial and infrastructure activity, pricing improvement and mostly stable weather in U.S. markets. Management said light commercial construction remained under pressure from elevated interest rates and economic uncertainty, while residential activity continued to be subdued amid affordability challenges. → Dutch Bros Sell-Off Creates a Growth Opportunity Eco-Pan Concrete Waste Management Services revenue grew 14% to $21.9 million. The business benefited from organic volume growth, higher pricing and expansion with new customer accounts. Eco-Pan adjusted EBITDA increased 19% to $8.8 million. Revenue from U.K. operations increased 24% to $18.7 million, primarily reflecting the contribution of the Templant temporary power acquisition. Young said Templant is performing in line with the company’s strategy to create a more diversified service platform for construction and infrastructure markets. Underlying U.K. commercial construction conditions remained softer than in the U.S., with inflation, interest rates and slower commercial activity weighing on demand. Still, management said it saw improving commercial activity in July and August. During the question-and-answer session, Chief Financial Officer Iain Humphries said U.K. margins were affected by reduced labor efficiency as demand weakened. Young added that U.K. labor is less variable than in the U.S., requiring the company to retain and pay its workforce through periods of lower activity. Management said it was seeing signs that the market could improve. Consolidated gross margin was 38.7%, compared with 39% in the prior-year quarter. The modest decline reflected higher fuel costs, though management said pricing largely offset inflationary pressures. General and administrative expenses increased to $30.1 million from $27.5 million, due to higher stock compensation and acquisition-related costs. However, G&A as a percentage of revenue improved to 25.8% from 26.5%. Based on results through the first nine months of the fiscal year, Concrete Pumping raised its full-year expectations: Revenue is now expected to be between $425 million and $435 million, up from prior guidance of $410 million to $425 million. Adjusted EBITDA is projected at $103 million to $108 million, compared with a previous range of $98 million to $105 million. Free cash flow is expected to be about $50 million, up from prior guidance of at least $45 million. The company also announced that its board approved a regular quarterly cash dividend. The first expected dividend of $0.13 per share is scheduled for payment on Oct. 2, 2026, to shareholders of record as of Sept. 18. The annualized dividend would total $0.52 per share. Humphries said future dividend declarations will remain subject to board approval and will depend on the company’s financial position, cash flow and capital requirements. Concrete Pumping ended the quarter with $425 million in total debt and about $382 million in net debt. Its net leverage ratio declined to approximately 3.6 times adjusted EBITDA from 3.8 times in the preceding quarter. Available liquidity totaled approximately $357 million. The company continues to target net leverage of three times. Humphries said management believes it could reduce leverage by at least one-half turn over 12 months, depending on growth investments, share repurchases and merger-and-acquisition activity. He said reaching the three-times target could be reasonable in roughly 18 months absent extraordinary investments. Management said it has returned approximately $91 million to shareholders over the past four years through share repurchases and a special dividend. Since launching its repurchase program in 2022, the company has repurchased about 5.9 million shares for $38.1 million. About $11.9 million remains under the authorization, which the board extended through Nov. 30, 2028. Young said the new dividend does not alter Concrete Pumping’s growth priorities, including fleet investment, complementary service expansion and potential acquisitions. He said the company remains focused on free-cash-flow generation, disciplined execution and investment in opportunities across its end markets. Concrete Pumping Holdings, Inc (NASDAQ: BBCP) is a specialized provider of concrete placing and pumping solutions for commercial, residential and infrastructure construction projects. Through its network of regional operating subsidiaries, the company offers boom pumps, line pumps and volumetric concrete mixers, enabling contractors to efficiently deliver and place concrete on jobsites of varying scale and complexity. Concrete Pumping’s services are designed to streamline the concrete placement process, reduce project timelines and improve overall jobsite safety. Since its formation through a series of strategic acquisitions beginning in 2020, Concrete Pumping Holdings has focused on consolidating regional operators under a unified platform. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Concrete Pumping Q3 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for September 2026.

- Revenue up 13% to $116.8 Million with a 17% Increase in Income from Operations -- Adjusted EBITDA up 13% to $30.4 Million -- Raises Full-Year Outlook -- Announces Extension of Existing Share Repurchase Plan -- Announces Quarterly Cash Dividend Program - DENVER, Sept. 03, 2026 (GLOBE NEWSWIRE) -- Concrete Pumping Holdings, Inc. (Nasdaq: BBCP) (the "Company" or "CPH"), a leading provider of concrete pumping and waste management services in the U.S. and U.K., reported financial results for the third quarter ended July 31, 2026. Third Quarter Fiscal Year 2026 Summary vs. Third Quarter of Fiscal Year 2025 (where applicable) Revenue up 13% to $116.8 million compared to $103.7 million. Gross profit up 12% to $45.2 million compared to $40.4 million. Income from operations up 17% to $15.1 million compared to $12.9 million. Net income up 33% to $4.9 million compared to net income of $3.7 million. Net income attributable to common shareholders was $4.5 million, or $0.09 per diluted share, compared to net income of $3.3 million, or $0.07 per diluted share. Adjusted EBITDA1 up 13% to $30.4 million compared to $26.8 million, with Adjusted EBITDA margin1 of 26.0% compared to 25.8%. Amounts outstanding under debt agreements were $425.0 million with net debt1 of $382.0 million. Total available liquidity at quarter end was $357.3 million compared to $358.0 million one year ago. Leverage ratio1 at quarter end improved to 3.6x compared to 3.8x. Initiated quarterly cash dividend program of $0.13 per share, totaling $0.52 over the next four quarters, representing a 5.6% initial yield based on recent stock price. Management Commentary "Concrete Pumping Holdings delivered another excellent quarter, highlighted by double-digit revenue and Adjusted EBITDA growth, reflecting continued momentum across our U.S. operations and disciplined execution throughout the business," said Bruce Young, CEO of Concrete Pumping Holdings. "Demand for large-scale commercial and infrastructure projects, particularly data centers, remained healthy during the quarter, while our Eco-Pan business continued to benefit from strong organic growth, pricing discipline and new customer wins. Although residential and light commercial construction remain challenged and market conditions in the U.K. continue to be more subdued, our diversified platform, operational discipline and pricing strategy continue to position us well. Given our strong year-to-date performance and confidence in the business, we are once again raising our full-year outlook while remaining focused on disciplined capital allocation, free cash flow generation and creating long-term shareholder value." "The initiation of a quarterly dividend reflects our confidence in the Company's ability to generate consistent cash flow while continuing to invest in our operations, pursue disciplined growth initiatives and reduce leverage over time," said Young. "A recurring dividend is consistent with our capital allocation framework and provides an additional way to provide superior shareholder value while maintaining our focus on strategic initiatives / growth and deleveraging." ________________1 Adjusted EBITDA, Adjusted EBITDA margin, net debt and leverage ratio are financial measures that are not calculated in accordance with accounting principles generally accepted in the United States of America ("GAAP"). See "Non-GAAP Financial Measures" below for a discussion of the non-GAAP financial measures used in this release and a reconciliation to their most comparable GAAP measures. Third Quarter Fiscal Year 2026 Financial Results Revenue in the third quarter of fiscal year 2026 increased 12.6% to $116.8 million compared to $103.7 million in the third quarter of fiscal year 2025. The increase was primarily attributable to higher commercial and infrastructure construction demand and pricing, strongly related to growing data center and infrastructure projects, and generally more stable weather conditions across the Company’s U.S. regions. Gross profit in the third quarter of fiscal year 2026 increased 12.0% to $45.2 million compared to $40.4 million in the prior year quarter. Gross margin was 38.7% compared to 39.0% in the prior year quarter. The slight decrease in gross margin was primarily related to fuel cost inflation. General and administrative expenses ("G&A") in the third quarter increased to $30.1 million compared to $27.5 million in the prior year quarter due to higher stock-based compensation expense of $0.8 million and higher professional fees of $0.4 million. The remaining increase is largely attributable to incremental G&A expenses from our recent acquisitions. As a percentage of revenue, G&A costs in the third quarter declined to 25.8% compared to 26.5% in the prior year quarter. Net income in the third quarter of fiscal year 2026 increased 33.3% to $4.9 million compared to net income of $3.7 million in the prior year quarter. Net income attributable to common shareholders in the third quarter of fiscal year 2026 increased to $4.5 million, or $0.09 per diluted share, compared to net income attributable to common shareholders of $3.3 million, or $0.07 per diluted share, in the prior year quarter. Adjusted EBITDA in the third quarter of fiscal year 2026 increased 13.3% to $30.4 million compared to $26.8 million in the prior year quarter. Adjusted EBITDA margin increased 20 basis points to 26.0% compared to 25.8% in the prior year quarter. Liquidity On July 31, 2026, the Company had debt outstanding of $425.0 million, net debt of $382.0 million and total available liquidity of $357.3 million. Segment Results U.S. Concrete Pumping. Revenue in the third quarter of fiscal year 2026 increased 9.9% to $76.2 million compared to $69.3 million in the prior year quarter. The increase was primarily attributable to (1) higher commercial and infrastructure construction demand and pricing, strongly related to growing data center and infrastructure projects, and (2) generally more stable weather conditions across the Company’s U.S. regions. These improvements were partially offset by a continued slowdown in light commercial construction and subdued residential construction demand, mostly due to high interest rates and economic uncertainty through the third quarter of 2026. Net income in the third quarter of fiscal year 2026 improved to $2.0 million compared to net income of $1.6 million in the prior year quarter. Adjusted EBITDA increased 17.8% to $18.4 million in the third quarter of fiscal year 2026 compared to $15.6 million in the prior year quarter. These increases were largely driven by the improvement in revenue, partially offset by fuel cost inflation. U.S. Concrete Waste Management Services. Revenue in the third quarter of fiscal year 2026 increased 13.5% to $21.9 million compared to $19.3 million in the prior year quarter. The increase was driven by organic volume growth from growing commercial project demand including data center activity, infrastructure projects, and pricing improvements. Net income in the third quarter of fiscal year 2026 increased to $2.4 million compared to net income of $1.4 million in the prior year quarter. Adjusted EBITDA in the third quarter of fiscal year 2026 increased 19.2% to $8.8 million compared to $7.4 million in the prior year quarter. These increases were primarily driven by the increase in revenue and improved labor efficiency which was partially offset by fuel cost inflation. U.K. Operations. Revenue in the third quarter of fiscal year 2026 increased 23.9% to $18.7 million compared to $15.1 million in the prior year quarter, primarily driven by a $3.1 million contribution from the Templant acquisition as well as slightly higher pumping volumes. Excluding the impact from foreign currency translation, revenue was up 24.3% year-over-year. Net income in the third quarter of fiscal year 2026 was $0.5 million compared to net income of $0.7 million in the prior year quarter. Adjusted EBITDA was $3.2 million in the third quarter of fiscal year 2026 compared to $3.9 million in the prior year quarter. Excluding the impact from foreign currency translation, the changes in net income and adjusted EBITDA were primarily driven by fuel cost inflation and higher repair and maintenance activity. Fiscal Year 2026 Outlook The Company now expects fiscal year 2026 revenue to range between $425.0 million and $435.0 million ($410.0 million to $425.0 million prior), Adjusted EBITDA to range between $103.0 million and $108.0 million ($98.0 million to $105.0 million prior), and free cash flow2 to be approximately $50.0 million ($45.0 million prior). These expectations continue to assume the light commercial and residential construction end markets will not meaningfully recover in fiscal year 2026. As announced in January 2026, due to stricter U.S. emissions laws that are expected to take effect on January 1, 2027, for all heavy-duty engines with a 2027 model year or later, the Company had approved accelerating certain planned capital equipment investments from calendar year 2027 into calendar year 2026. As of July 31, 2026, the Company has incurred $1.9 million of accelerated 2027 capital expenditures and estimates another $17.1 million will be incurred in the fiscal 2026 fourth quarter. Share Repurchase Program In August 2026, the Company's board of directors extended the expiration date of its existing share repurchase program, from December 31, 2026 to November 30, 2028. As of July 31, 2026, the Company had approximately $11.9 million available for repurchase under its repurchase program. Quarterly Cash Dividend The Company today also announced that its Board of Directors has approved the initiation of a regular quarterly cash dividend program and declared an initial quarterly cash dividend of $0.13 per share of common stock. The initial dividend is payable on October 2, 2026 to stockholders of record at the close of business on September 18, 2026. The Company currently intends to pay regular quarterly cash dividends. The declaration and payment of any future dividend, however, will be subject to the discretion of the Board of Directors and applicable law. Future dividend declarations, amounts, record dates and payment dates will depend on, among other factors, the Company’s results of operations, cash flows, financial condition, capital requirements, contractual restrictions, available cash and other factors the Board considers relevant at the applicable time. The Board may modify, suspend or discontinue the dividend program at any time, and the program does not obligate the Company to declare any future dividends. ________________2 Free cash flow is defined as Adjusted EBITDA less net maintenance capital expenditures and cash paid for interest. Conference Call The Company will hold a conference call on Thursday, September 3, 2026, at 5:00 p.m. Eastern time to discuss its third quarter 2026 results. Date: Thursday, September 3, 2026Time: 5:00 p.m. Eastern Time (3:00 p.m. Mountain Time)Toll-free dial-in number: 1-877-407-9039International dial-in number: 1-201-689-8470Conference ID: 13761834 Please call the conference telephone number 5-10 minutes prior to the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact Gateway Group, Inc. at 1-949-574-3860. The conference call will be broadcast live and is available for replay here as well as the investor relations section of the Company’s website at www.concretepumpingholdings.com. A replay of the conference call will be available after 8:00 p.m. Eastern Time on the same day through September 17, 2026. Toll-free replay number: 1-844-512-2921International replay number: 1-412-317-6671Replay ID: 13761834 About Concrete Pumping Holdings Concrete Pumping Holdings is the leading provider of concrete pumping services and concrete waste management services in the fragmented U.S. and U.K. markets, primarily operating under what we believe are the only established, national brands in both geographies – Brundage-Bone for concrete pumping in the U.S., Camfaud in the U.K., and Eco-Pan for waste management services in both the U.S. and U.K. The Company’s large fleet of specialized pumping equipment and trained operators position it to deliver concrete placement solutions that facilitate labor cost savings to customers, shorten concrete placement times, enhance worksite safety and improve construction quality. Highly complementary to its core concrete pumping service, Eco-Pan seeks to provide a full-service, cost-effective, regulatory-compliant solution to manage environmental issues caused by concrete washout. As of July 31, 2026, the Company provided concrete pumping services in the U.S. from a footprint of approximately 100 branch locations across 23 states, concrete pumping services in the U.K. and Republic of Ireland from approximately 35 branch locations, and route-based concrete waste management services from approximately 30 operating locations in the U.S. and one shared location in the U.K. For more information, please visit www.concretepumpingholdings.com or the Company’s brand websites at www.brundagebone.com, www.camfaud.co.uk, or www.eco-pan.com. Forward‐Looking Statements This press release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. The Company’s actual results may differ from expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "continue," "outlook" and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, the Company’s expectations with respect to future performance, including the Company's fiscal year 2026 outlook, and its intention to pay future dividends, including the anticipated amount and timing of any such dividends. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results. Most of these factors are outside the Company’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to: the adverse impact of recent inflationary pressures, changes in foreign trade policies, restrictive monetary policies, global economic conditions and developments related to these conditions, such as fluctuations in fuel costs on our business; adverse and severe weather conditions; the outcome of any legal proceedings, rulings or demand letters that may be instituted against or sent to the Company or its subsidiaries; the ability of the Company to grow and manage growth profitably and retain its key employees; the ability to identify and complete targeted acquisitions and to realize the expected benefits from completed acquisitions; changes in applicable laws or regulations; the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors; and other risks and uncertainties indicated from time to time in the Company’s filings with the Securities and Exchange Commission, including the risk factors in the Company's latest Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. The Company cautions that the foregoing list of factors is not exclusive. Statements regarding the Company's intention to pay future dividends, and the amount and timing of any such dividends, are forward-looking statements. The declaration, amount, and payment of any dividend will be subject to the sole discretion of the Company's Board of Directors and will depend upon, among other factors, the Company's results of operations, cash flows, financial condition, capital requirements, contractual restrictions, available cash, applicable law and other factors the Board of Directors considers relevant at the applicable time. The Company's Board of Directors may modify, suspend or discontinue the Company's dividend program at any time without notice, and there can be no assurance that the Company will continue to pay dividends at the current rate or at all. The Company cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. The Company does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based. Non-GAAP Financial Measures This press release presents Adjusted EBITDA, Adjusted EBITDA margin, net debt, free cash flow and leverage ratio, all of which are important financial measures for the Company but are not financial measures defined by GAAP. EBITDA is calculated by taking GAAP net income and adding back interest expense and amortization of deferred financing costs net of interest income, income tax expense, and depreciation and amortization. Adjusted EBITDA is calculated by taking EBITDA and adding back transaction expenses, loss on debt extinguishment, stock-based compensation, other expense (income), net, goodwill and intangibles impairment and other adjustments. Other adjustments include non-recurring expenses, non-cash currency gains/losses and research and development expenses. Transaction expenses represent expenses for legal, accounting, and other professionals that were engaged in the completion of various acquisitions. Transaction expenses can be volatile as they are primarily driven by the size of a specific acquisition. As such, the Company excludes these amounts from Adjusted EBITDA for comparability across periods. The Company believes these non-GAAP measures of financial results provide useful supplemental information to management and investors regarding certain financial and business trends related to our financial condition and results of operations, and as a supplemental tool for investors to use in evaluating our ongoing operating results and trends and in comparing our financial measures with competitors who also present similar non-GAAP financial measures. In addition, these measures (1) are used in quarterly and annual financial reports and presentations prepared for management, our board of directors and investors, and (2) help management to determine incentive compensation. EBITDA and Adjusted EBITDA have limitations and should not be considered in isolation or as a substitute for performance measures calculated under GAAP. These non-GAAP measures exclude certain cash expenses that the Company is obligated to make. In addition, other companies in our industry may calculate EBITDA and Adjusted EBITDA differently or may not calculate it at all, which limits the usefulness of EBITDA and Adjusted EBITDA as comparative measures. Adjusted EBITDA margin is defined as Adjusted EBITDA divided by total revenue for the period presented. See below for a reconciliation of Adjusted EBITDA to net income (loss) calculated in accordance with GAAP. Net debt as a specified date is calculated as all amounts outstanding under debt agreements (currently this includes the Company’s term loan and revolving line of credit balances, excluding any offsets for capitalized deferred financing costs) measured in accordance with GAAP less cash. Cash is subtracted from the GAAP measure because it could be used to reduce the Company’s debt obligations. A limitation associated with using net debt is that it subtracts cash and therefore may imply that there is less Company debt than the most comparable GAAP measure indicates. CPH believes this non-GAAP measure provides useful information to management and investors in order to monitor the Company’s leverage and evaluate the Company’s consolidated balance sheet. See "Reconciliation of Net Debt" below for a reconciliation of Net Debt to amounts outstanding under debt agreements calculated in accordance with GAAP. The leverage ratio is defined as the ratio of net debt to Adjusted EBITDA for the trailing four quarters. The Company believes its leverage ratio measures its ability to service its debt and its ability to make capital expenditures. Additionally, the leverage ratio is a standard measurement used by investors to gauge the creditworthiness of an institution. Free cash flow is defined as Adjusted EBITDA less net maintenance capital expenditures and cash paid for interest. This measure is not a substitute for cash flow from operations and does not represent the residual cash flow available for discretionary expenditures, since certain non-discretionary expenditures, such as debt servicing payments, are not deducted from the measure. CPH believes this non-GAAP measure provides useful information to management and investors in order to monitor and evaluate the cash flow yield of the business. The financial statement tables that accompany this press release include a reconciliation of Adjusted EBITDA and net debt to the applicable most comparable U.S. GAAP financial measure. However, the Company has not reconciled the forward-looking Adjusted EBITDA guidance range and free cash flow range included in this press release to the most directly comparable forward-looking GAAP measures because this cannot be done without unreasonable effort due to the lack of predictability regarding the various reconciling items such as provision for income tax expense and depreciation and amortization. Current and prospective investors should review the Company’s audited annual and unaudited interim financial statements, which are filed with the U.S. Securities and Exchange Commission, and not rely on any single financial measure to evaluate the Company’s business. Other companies may calculate Adjusted EBITDA, net debt and free cash flow differently and therefore these measures may not be directly comparable to similarly titled measures of other companies. Contact: (1) For the three months ended July 31, 2026 and 2025, intersegment revenue of $0.1 million and $0.2 million, respectively, is excluded. (1) For the nine months ended July 31, 2026 and 2025, intersegment revenue of $0.2 million and $0.4 million, respectively, is excluded.

Concrete and waste management company Concrete Pumping (NASDAQ:BBCP) will be announcing earnings results this Thursday after market close. Here’s what to expect. Concrete Pumping beat analysts’ revenue expectations last quarter, reporting revenues of $106.8 million, up 13.7% year on year. It was an incredible quarter for the company, with a beat of analysts’ EPS estimates and a solid beat of analysts’ EBITDA estimates. Is Concrete Pumping a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members. This quarter, the market is expecting Concrete Pumping’s revenue to grow 5.8% year on year, a reversal from the 5.4% decrease it recorded in the same quarter last year. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Concrete Pumping has missed Wall Street’s revenue estimates multiple times over the last two years. Looking at Concrete Pumping’s peers in the construction and maintenance services segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Tutor Perini delivered year-on-year revenue growth of 19.2%, beating analysts’ expectations by 4.4%, and MYR Group reported revenues up 20.1%, topping estimates by 8.3%. Tutor Perini traded up 13.3% following the results while MYR Group was also up 2.7%. Read our full analysis of Tutor Perini’s results here and MYR Group’s results here. Over the last year or so, investors' attention has moved from one major market theme to the next, spanning AI disruption and surging infrastructure investment to geopolitical tensions, interest rates, and the health of the broader economy. While some of the construction and maintenance services stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 6.6% on average over the last month. Concrete Pumping is down 8.9% during the same time and is heading into earnings with an average analyst price target of $12 (compared to the current share price of $9.01). ONE MORE THING: The $21 AI Application Stock Wall Street Forgot. While Wall Street obsesses over who’s building AI, one company is already using it to print money. And nobody’s paying attention. AI chip stocks trade at ridiculous valuations. This company processes a trillion consumer signals monthly using AI and trades at a third of the price. The gap won’t last. The institutions will figure it out. You need to see this first. Read the FREE Report Before They Notice.