BBCP

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.

DENVER, Aug. 20, 2026 (GLOBE NEWSWIRE) -- Concrete Pumping Holdings, Inc. (Nasdaq: BBCP) (“CPH” or the “Company”), a leading provider of concrete pumping and waste management services in the U.S. and U.K., will hold a conference call on Thursday, September 3, 2026, at 5:00 p.m. Eastern Time to discuss its financial results for the third quarter ended July 31, 2026. The Company will report its financial results in a press release prior to the conference call. CPH’s CEO Bruce Young and CFO Iain Humphries will host the conference call, followed by a question-and-answer period. 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 April 30, 2026, the Company provided concrete pumping services in the U.S. from a footprint of approximately 95 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 22 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. Company Contact: Iain HumphriesChief Financial Officer1-303-289-7497 Investor Relations: Gateway Group, Inc.Cody [email protected]

Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) just released its quarterly report and things are looking bullish. Concrete Pumping Holdings delivered a significant beat to revenue and earnings per share (EPS) expectations, hitting US$107m-10% above indicated-andUS$0.04-300% above forecasts- respectively Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Concrete Pumping Holdings after the latest results. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. Following the latest results, Concrete Pumping Holdings' dual analysts are now forecasting revenues of US$418.2m in 2026. This would be an okay 2.0% improvement in revenue compared to the last 12 months. Per-share earnings are expected to swell 16% to US$0.17. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$403.4m and earnings per share (EPS) of US$0.13 in 2026. There's been a pretty noticeable increase in sentiment, with the analysts upgrading revenues and making a great increase in earnings per share in particular. View our latest analysis for Concrete Pumping Holdings Althoughthe analysts have upgraded their earnings estimates, there was no change to the consensus price target of US$8.00, suggesting that the forecast performance does not have a long term impact on the company's valuation. Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. The period to the end of 2026 brings more of the same, according to the analysts, with revenue forecast to display 4.1% growth on an annualised basis. That is in line with its 4.9% annual growth over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenues grow 11% per year. So it's pretty clear that Concrete Pumping Holdings is expected to grow slower than similar companies in the same industry. The most important thing here is that the analysts upgraded their earnings per share estimates, suggesting that there has been a clear increase in optimism towards Concrete Pumping Holdings following these results. Fortunately, they also upgraded their revenue estimates, although our data indicates it is expected to perform worse than the wider industry. The consensus price target held steady at US$8.00, with the latest estimates not enough to have an impact on their price targets. With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have analyst estimates for Concrete Pumping Holdings going out as far as 2027, and you can see them free on our platform here. Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Concrete Pumping Holdings (1 shouldn't be ignored) you should be aware of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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 14% was primarily driven by robust demand in large-scale commercial and infrastructure projects, specifically data centers and chip plants. Management attributed margin expansion to improved operating leverage and fleet utilization, aided by generally favorable weather conditions across U.S. markets. The acquisition of Templant Hire in the U.K. marks a strategic pivot toward a diversified multiservice platform, entering the temporary power market to offset regional construction softness. U.S. infrastructure activity remains a core strength, supported by a healthy bidding environment for long-duration projects like roads, bridges, and energy facilities. Residential and light commercial segments remain a headwind as high interest rates and affordability pressures continue to suppress new home construction and private investment. Eco-Pan operations continue to demonstrate through-cycle resilience, benefiting from increased penetration into new customer accounts and disciplined pricing execution. Full-year revenue and adjusted EBITDA guidance were raised based on first-half momentum, though management expects tempered year-over-year growth in the second half due to difficult prior-year comparisons. The company anticipates a more balanced seasonal revenue split of 47% in the first half and 53% in the second half, deviating from the traditional 45/55 historical trend. Guidance assumes no meaningful recovery in residential or light commercial construction for the remainder of fiscal 2026. Management is prioritizing the pull-forward of capital expenditures for equipment chassis to mitigate risks associated with upcoming emissions regulation changes and potential supply reliability issues. Free cash flow expectations were increased to at least $45 million, supported by disciplined capital allocation and a focus on maintaining leverage within target ranges. The U.K. market remains a significant headwind due to inflationary pressures on labor, fuel, and maintenance, alongside broader economic uncertainty impacting commercial activity. Gross margins faced pressure from wear part inflation and the impact of tariffs on specific replacement parts, though these were offset by pricing discipline. The company continues its opportunistic share repurchase program, with $11.9 million remaining under the current authorization through December 2026. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Data centers and chip plants now account for approximately 10% to 12% of total revenue, up from roughly 4% to 5% in the first half of the prior year. Management noted that consistent weather has improved the continuity and execution of these high-scale projects. Specialized work in remote locations requires longer equipment, which commands premium pricing and supports a stronger margin profile. Operating leverage is the primary driver of margin improvement as higher volumes allow for better utilization of the existing fleet. While specific multiples were not disclosed, management stated the price was consistent with historical concrete pump acquisition multiples. The acquisition allows the company to leverage its existing U.K. leadership team to rapidly grow a temporary power service line while the regional commercial market is soft. The company is actively trying to secure equipment chassis ahead of new emissions standards that may impact engine reliability and horsepower. Management is still determining the exact split of the $22 million investment between the current and next fiscal year, with more detail expected in Q3.

This article first appeared on GuruFocus. Revenue: Increased 14% to $106.8 million from $94 million in the prior-year quarter. US Concrete Pumping Revenue: Increased 15% to $71.5 million from $62.1 million in the prior-year quarter. Eco-Pan Revenue: Increased 13% to $20.3 million from $18.1 million in the prior-year quarter. UK Operations Revenue: Increased 8% to $14.9 million from $13.8 million in the prior-year quarter. Gross Margin: Increased to 38.6% from 38.5% in the prior-year quarter. Net Income: Increased to $2.1 million, or $0.04 per diluted share, compared to a net loss of $400,000, or $0.01 per diluted share in the prior-year quarter. Adjusted EBITDA: Increased 17% to $26.4 million from $22.5 million in the prior-year quarter. Adjusted EBITDA Margin: Improved 80 basis points to 24.7% from 23.9%. Total Debt Outstanding: $425.6 million with net debt of $386.9 million. Available Liquidity: Approximately $346.3 million. Share Repurchase: Repurchased approximately 392,000 shares for $2.6 million at an average price of $6.68 per share. Full-Year Revenue Outlook: Raised to a range of $410 million to $425 million. Full-Year Adjusted EBITDA Outlook: Raised to a range of $98 million to $105 million. Free Cash Flow Expectation: Increased to at least $45 million. Warning! GuruFocus has detected 8 Warning Signs with BBCP. Is BBCP fairly valued? Test your thesis with our free DCF calculator. Release Date: June 04, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Revenue increased by 14% year over year, driven by strong US operations and favorable market conditions. Adjusted EBITDA grew by 17%, reflecting disciplined operational execution and market momentum. The acquisition of Templant Hire in the UK is seen as a strategic move to diversify and expand service offerings. Strong performance in commercial and infrastructure construction, particularly in data centers, supports improved utilization levels. Eco-Pan Concrete Waste Management Services continues to deliver strong results, benefiting from healthy construction activity and pricing execution. Residential construction activity remains challenged due to elevated mortgage rates and affordability pressures. UK operations face challenges from elevated interest rates, inflationary pressures, and economic uncertainty. Light commercial construction remains subdued, impacted by elevated finance costs and economic uncertainty. Inflationary pressures continue to affect costs, including higher repair and maintenance expenses. The broader construction trends remain mixed, with certain segments like office construction experiencing softness. Q: What percentage of revenue is currently generated from data centers, and how does this compare to last year? A: Bruce Young, CEO, stated that last year, data center activity accounted for about 4% to 5% of their work in the first half. This has grown to 10% to 12% of revenue currently, indicating a significant growth acceleration. Q: How have margins improved, and does data center work carry a higher margin compared to other segments? A: Bruce Young explained that improved volume leads to better operating leverage and higher margins, especially for remote projects like data centers. The pricing reflects the nature of the work, contributing to a better margin profile despite inflationary challenges. Q: Can you discuss the acquisition of Templant and its impact on EBITDA margins and business mix? A: Iain Humphries, CFO, mentioned that while they don't disclose specific multiples, the acquisition aligns with their strategy. Templant offers an opportunity to expand into the temporary power business in the UK, leveraging strong leadership and service capabilities. Q: Regarding the $22 million planned investments, what is the expected timeline for these expenditures? A: Iain Humphries noted that they are working to move forward as much equipment purchase as possible into this year and next. The exact timing is still being sorted out, with more details expected in the Q3 announcement. Q: What are the key factors contributing to the strong quarter and raised full-year outlook? A: Bruce Young highlighted strong US commercial and infrastructure activity, particularly in data centers, disciplined operational execution, and favorable weather conditions as key contributors. These factors led to a raised full-year revenue and adjusted EBITDA outlook. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Image source: The Motley Fool. Thursday, June 4, 2026 at 5 p.m. ET Chief Executive Officer — Bruce Young Chief Financial Officer — Iain Humphries External Director of Investor Relations — Cody Slach Need a quote from a Motley Fool analyst? Email [email protected] Operator: Good afternoon, everyone, and thank you for participating in today's conference call to discuss Concrete Pumping Holdings' financial results for the second quarter ended April 30, 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 to the 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. A 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. We were pleased with our strong second quarter with revenue increasing 14% year-over-year and adjusted EBITDA growing 17%, driven by continued momentum across our U.S. operations, disciplined operational execution throughout the organization and favorable end market activity in several of our key geographies. This quarter was also highlighted by the early April closing on the Templant Hire acquisition in the U.K. Importantly, this acquisition represents an important step in executing our strategy to build a diversified multiservice platform supporting the construction and infrastructure sectors. Templant is a high-quality business with strong leadership, and we see clear opportunities to accelerate growth and provide long-term sustainable value for our shareholders. Returning to our execution in the second quarter, our performance was led by continued strength in commercial and infrastructure construction activity across a wide variety of industries, including education, health care, energy, infrastructure and of course, data centers. Growth across these projects, particularly in data centers, remains healthy and continues to support improved utilization levels throughout our U.S. Concrete Pumping and Eco-Pan operations. In addition to the growing data center activity, we are also seeing solid demand across public infrastructure-related projects including roads, bridges and education construction. Overall, the environment for larger scale commercial and infrastructure projects remains exciting and continues to play into our competitive advantage as the largest concrete pumping service provider in the U.S. We also benefited from generally favorable weather conditions across our U.S. markets during the first half of the year, which supported improved activity levels compared to the prior year period. Combined with continued price discipline and solid operational execution, these factors contributed to a strong margin performance and another quarter of healthy free cash flow generation. Outside of these areas of strength, broader construction trends remain relatively consistent with what we had discussed last quarter. Heavy commercial activity continues to hold up reasonably well, while more interest rate-sensitive segments, including office and portions of light commercial construction remains subdued as customers continue to navigate elevated finance cost and economic uncertainty. Residential construction activity also remains challenged. Elevated mortgage rates and affordability pressures continue to weigh on new home construction activity. And while we continue to believe the long-term housing fundamentals remain favorable, near-term demands remain soft. Infrastructure activity in the U.S. continues to be generally strong as the underlying bidding environment and project activity remained healthy, particularly across larger scale and longer-duration projects. Our Eco-Pan Concrete Waste Management Services business again delivered a strong quarter, continuing to benefit from healthy underlying construction activity, pricing execution and ongoing penetration into new customer accounts. Eco-Pan remains a highly complementary service offering to our concrete pumping operations and continues to demonstrate active through-cycle characteristics. Turning to our U.K. operations. Market conditions remain more challenging. Elevated interest rates, inflationary pressures and broader economic uncertainty continue to impact commercial construction activity, while public infrastructure funding dynamics also remain less favorable than what we experienced in the U.S. Despite these conditions, infrastructure-related activity in areas such as energy projects and HS2 construction remains relatively resilient, and we continue to focus on disciplined cost management and operational execution within the region. We are also pleased with the progress of our recent strategic acquisitions, including our Republic of Ireland expansion and entry into the U.K. temporary power market. While the near-term acquisition revenue contribution remains modest, we are encouraged by the strategic positioning these investments provide and the opportunities they create to further expand our platform and grow organically over time. Overall, we are encouraged by our first half performance, and we believe the second quarter further demonstrates the strength of our operating model, our disciplined execution and the benefits of our scale and marketing position. As a result of our performance and current market trends, we are raising our full year outlook while remaining focused on operational discipline, free cash flow generation and long-term value creation. I will now turn the call over to Iain to walk through the financial results in more detail. Iain? Iain Humphries: Thanks, Bruce, and good afternoon, everyone. Moving directly into our second quarter results. Revenue increased 14% to $106.8 million compared to $94 million in the prior year quarter. The increase was driven by higher U.S. commercial and infrastructure activity, particularly related to large-scale data center and infrastructure projects, along with pricing improvements, organic volume growth in Eco-Pan and generally more favorable weather conditions across our U.S. markets. Revenue in our U.S. Concrete Pumping segment, which operates primarily under the Brundage-Bone brand, increased 15% to $71.5 million compared to $62.1 million in the prior year quarter. Commercial and infrastructure activity benefited from continued strength in large-scale projects, including data centers, roads, bridges, education, warehousing and energy-related projects. These gains were partially offset by continued softness in light commercial construction and subdued residential demand due to elevated interest rates and broader economic uncertainty. Revenue in our Concrete Waste Management Services segment, operating under the Eco-Pan brand increased 13% to $20.3 million compared to $18.1 million in the prior year quarter. Growth was driven by organic volume increases, continued penetration into new customer accounts and pricing improvements, reflecting the continued strength and scalability of the business. Turning to our U.K. operations. Revenue increased 8% to $14.9 million compared to $13.8 million in the prior year quarter. Excluding the $600,000 beneficial impact of foreign currency translation and the $1.4 million contribution from recent acquisitions, underlying commercial construction activity remained soft amid elevated interest rates, inflationary pressures and economic uncertainty in the U.K. At a consolidated level, second quarter gross margin increased modestly to 38.6% compared to 38.5% in the prior year quarter. Strong revenue growth and pricing execution helped offset continued inflationary pressures, including higher repair and maintenance costs, wear part inflation and the impact of tariffs on certain replacement parts. General and administrative expenses increased to $29.2 million compared to $27.9 million in the prior year quarter. However, as a percentage of revenue, G&A improved to 27.3% compared to 29.7% in the prior year quarter, reflecting continued operating leverage and disciplined cost management. Net income attributable to common shareholders in the second quarter increased to $2.1 million or $0.04 per diluted share compared to a net loss of $400,000 or $0.01 per diluted share in the prior year quarter. Consolidated adjusted EBITDA increased 17% to $26.4 million compared to $22.5 million in the year ago quarter. Adjusted EBITDA margin improved 80 basis points to 24.7% from 23.9% and the increase was primarily driven by higher revenue and improved operating leverage. Within our U.S. Concrete Pumping business, adjusted EBITDA increased 23% to $15.6 million compared to $12.7 million in the prior year quarter. In the U.K. business, adjusted EBITDA was $3.1 million compared to $3.2 million, reflecting inflationary pressures in labor, fuel and repair and maintenance costs. In our U.S. Concrete Waste Management Services business, adjusted EBITDA increased 16% to $7.7 million, driven by strong operating leverage on higher volumes and pricing. Turning to liquidity. As of April 30, 2026, total debt outstanding was $425.6 million with net debt of $386.9 million, representing a net leverage ratio of approximately 3.8x adjusted EBITDA. We ended the quarter with approximately $346.3 million of available liquidity, which includes cash on hand and availability under our ABL facility and provides substantial financial flexibility. Regarding capital allocation, during the second quarter, we repurchased approximately 392,000 shares for $2.6 million at an average price of $6.68 per share. Since initiating the program in 2022, we have repurchased approximately 5.9 million shares for $38.1 million with $11.9 million remaining under the current authorization through December of 2026. We continue to view the share repurchase program as a flexible and opportunistic use of capital. Turning to our outlook for fiscal 2026, and based on our strong first half performance and continued momentum across our U.S. operations, we are raising our full year revenue outlook to a range of $410 million to $425 million compared to our prior range of $390 million to $410 million. We are also raising our adjusted EBITDA outlook to a range of $98 million to $105 million from our prior range of $90 million to $100 million. And lastly, we are also increasing our free cash flow expectation to be at least $45 million from our prior expectation of approximately $40 million. While we remain encouraged by activity levels in large-scale commercial and infrastructure projects, particularly data center-related activity, it is important to note that we began experiencing accelerated growth of these projects during the third quarter of last year. As a result, we expect year-over-year comparisons to reflect some tempered growth during the second half of fiscal 2026. In addition, based on our first half performance and current project visibility, we expect revenue and adjusted EBITDA seasonality during fiscal 2026 to be more balanced relative to historical trends, with revenue expectations to show about a 47% and a 53% split compared to our traditional 45% and 55% split. Importantly, our outlook continues to assume no meaningful recovery in the broader residential or light commercial construction activity during fiscal 2026. We expect free cash flow, defined as adjusted EBITDA less net replacement CapEx and less net cash paid for interest to be at least $45 million. This outlook assumes approximately $23 million of net replacement CapEx and $32 million of net cash paid for interest, and this excludes the accelerated CapEx pulled forward from fiscal 2026. Our balance sheet and liquidity position comfortably support this investment strategy. We remain committed to a disciplined capital deployment, maintaining leverage within our target range and prioritizing returns on invested capital. We believe we are well positioned to strengthen our service offering in anticipation of a market recovery. With that, I will now turn the call back over to Bruce. Bruce Young: Thanks, Iain. As we move through the remainder of fiscal 2026, we remain encouraged by the momentum we are seeing across the business and the continued resilience of our U.S. markets. While broader construction activity remains mixed, particularly in residential and certain commercial segments, demand tied to large-scale infrastructure and commercial projects continues to support healthy activity levels across our platform. Our focus remains on disciplined execution, operational efficiency, pricing discipline and strategic capital allocation. We believe the actions we have taken over the past several years to strengthen the business, optimize the fleet and maintain financial flexibility continue to position us well to perform across varying market conditions. We are also pleased with the progress we are making on our strategic growth initiatives, including investing in our fleet and recent acquisitions that expand our geographic reach and service capabilities. Combined with our strong balance sheet and continued free cash flow generation, we believe we remain well positioned to invest in the business, pursue disciplined growth opportunities and continue creating long-term shareholder value. With that, I would now like to turn the call back over to the operator for Q&A. Paul? Operator: [Operator Instructions] Our first question is from Sam Kusswurm with William Blair. Samuel Kusswurm: Bruce and Iain, first, congrats on the really strong quarter. That was great to see. In your prepared remarks, you pointed to data centers as kind of being a big contributor to that. I guess I wanted to ask, what percent of your revenue are you currently generating from data centers today? And how that compares to both this time last year as well as where you think it can land maybe next year or even by the end of the year? Iain Humphries: Yes. Sam, good question. So you might remember, last year, the data center activity was quite slow to grow in the first half of the year. So we were probably doing maybe 4% or 5% of our work on either chip plants or data centers in the first half of last year. And you probably heard in our prepared remarks that, that grew quite nicely through the back half of last year. Today, between data centers and chip plant work, we're probably doing 10% to 12% of revenue on that type of work. So there's been some nice growth acceleration. And obviously, as we mentioned, consistent weather really helps with the continuity of that work and execution. Samuel Kusswurm: Got it. That's very helpful. Obviously, that contributed to the top line, but I also wanted to ask regarding your margins, they also took a pretty nice step up. I was wondering if this is really just due to better leverage on your fleet or if the data center work itself carries a higher margin. Could you maybe just compare that margin for that type of work versus your other commercial work as well as maybe against residential and infrastructure? Iain Humphries: Yes, sure. So on the margin front, I mean, you're right. With improved volume comes improved operating leverage through the better utilization of our fleet. And as you'll know, a lot of this work tends to be in remote locations. So it is specialty in nature, requiring longer equipment. So the pricing reflects that, which helps the margin profile. But again, it's underpinned by a lot of the work that we've done in prior years on that cost base and some real operational discipline to make sure that we can get the right pricing and margin profile. I mean, as you heard in our prepared remarks, there's still a challenge around inflation, but the team has done a really nice job getting the pricing right on these projects and making sure we can optimize the operating leverage of the execution that we're delivering. Operator: Our next question is from Rohan Vasudeva with Baird. Rohan Vasudeva: I think my last question was taken, but I wanted to talk about the acquisition of Templant. Could you talk about the multiple you guys paid for it? And Templant looks to be a bit different than the 3 traditional core groups. If you could talk about EBITDA margin and the mix benefit from that acquisition. Bruce Young: Yes. So while we don't give the multiple out, it's consistent with what we would have been paying for acquisitions of concrete pumps into the future. Now with the U.K. being soft with the commercial market, and we have a really good team of people over there, we looked out to other areas. With the last call, we talked about going into Ireland and expanding our footprint into there with some opportunities there. We see this Templant as an opportunity to leverage the service side of the temporary power business. We have a really strong leadership in that business that fits very well with us. And we do expect to be able to rapidly grow the temporary power business in the U.K. going forward. Rohan Vasudeva: Got it. And then my second one was, you got the approval for the $22 million of planned investments that you could pull forward from 2027, but you haven't incurred any of that. Should we expect that, that will -- all $22 million will happen in the second half? If you could give more color around the cadence of those investments? Bruce Young: Yes. We're still working on that. Now we are trying to move forward as much equipment into this year and maybe even later next year, at least buying the chassis so that we can -- I think we've talked on calls in the past about the complications of the new emissions and reliability and getting the type of horsepower we need to run our big units. We're fearful that, that will take a little while for them to run that out. So we're trying to pull forward as much of that as we possibly can. We're still trying to sort through how much of that will fall into this year and how much will fall into next year. We'll have more color on that on our -- when we announce in Q3. Operator: There are no further questions at this time. I would like to hand the floor back over to Bruce Young for any closing remarks. Bruce Young: Thank you, Paul. We'd like to thank everyone for listening to today's call, and we look forward to speaking with you when we report our third quarter results in September. Thank you. Operator: Ladies and gentlemen, this does conclude today's conference. 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. BBCP Q2 2026 Earnings Transcript was originally published by The Motley Fool