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Concrete Pumping Holdings, Inc. - BBCP STOCK NEWS

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Concrete Pumping Holdings, Inc. (symbol: BBCP) is a premier provider of concrete pumping and waste management services, operating in the United States and the United Kingdom. With its headquarters in Thornton, Colorado, the company has been a cornerstone in the construction industry since its founding in 1983.

Concrete Pumping Holdings, Inc. delivers its services under well-known brands like Brundage-Bone and Camfaud for concrete pumping, and Eco-Pan for waste management. The company serves a diverse clientele, including general contractors and concrete finishing companies, across commercial, infrastructure, and residential sectors. Its extensive fleet of specialized pumping equipment and trained operators ensures efficient concrete placement solutions, contributing to labor cost savings, decreased placement times, enhanced worksite safety, and improved construction quality.

In addition to its core services, Concrete Pumping Holdings offers industrial cleanup and containment services, primarily targeting the construction industry. The Eco-Pan brand provides a full-service, cost-effective, and regulatory-compliant solution to manage environmental issues caused by concrete washout.

The company's operations are segmented into U.S. Concrete Pumping, U.K. Operations, U.S. Concrete Waste Management Services, and Corporate. Notably, the U.S. Concrete Pumping segment generates the maximum revenue. Concrete Pumping Holdings has a significant footprint with approximately 100 branch locations across 21 states in the U.S. and around 30 branch locations in the U.K., alongside 20 operating locations for waste management services in the U.S. and one shared location in the U.K.

Recent achievements include a record revenue growth in fiscal year 2023, driven by the strength and diversification of its business. Concrete Pumping Holdings reported an increase in revenue to $442.2 million, a 10% rise compared to the previous year, along with a 7% increase in Adjusted EBITDA to $124.6 million. The U.S. Concrete Pumping segment saw a 7% revenue growth to $317.9 million, attributed largely to organic growth and strategic acquisitions like Coastal Carolina. The U.K. Operations segment also performed well, with a 14% revenue increase to $62.6 million.

Looking forward, Concrete Pumping Holdings anticipates continued growth, projecting fiscal year 2024 revenues between $460.0 million and $480.0 million, and Adjusted EBITDA between $122.0 million and $130.0 million. The company's strategy includes evaluating opportunistic, accretive mergers and acquisitions while strategically reducing leverage.

Concrete Pumping Holdings is committed to maintaining a robust financial condition, demonstrated by its share repurchase plan and effective cash flow management. The company’s focus on sustainability and regulatory compliance positions it well in a market that prioritizes environmental stewardship.

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Concrete Pumping Holdings (NASDAQ: BBCP) released their Q2 FY 2024 financial results, showing revenue of $107.1 million, a slight decrease from $107.8 million in the same quarter last year.

Gross profit dropped to $41.8 million from $43.5 million, and net income fell to $3.0 million from $5.6 million. Adjusted EBITDA also decreased to $27.5 million from $28.8 million. The company noted a decline in its U.S. Concrete Pumping segment, attributed to delays in commercial work and adverse weather conditions, partially offset by growth in residential and infrastructure projects.

However, the U.S. Concrete Waste Management segment saw a 19% revenue growth. Total available liquidity increased to $216.9 million from $100.4 million. The company maintains an optimistic outlook for the remainder of the year despite market challenges.

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Concrete Pumping Holdings (Nasdaq: BBCP), a top provider of concrete pumping and waste management services in the U.S. and U.K., has scheduled its second quarter 2024 earnings conference call for June 6, 2024, at 5:00 p.m. Eastern time. The call will be hosted by CEO Bruce Young and CFO Iain Humphries, with a press release detailing the financial results issued beforehand. Stakeholders can join the call using the provided toll-free and international dial-in numbers, and a replay will be available until June 13, 2024.

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Concrete Pumping Holdings, Inc. (BBCP) announces a $15 million increase to share repurchase plan alongside financial results for the first quarter of fiscal year 2024. While revenue increased by 4% to $97.7 million, gross profit decreased by 9% to $33.3 million. Income from operations also saw a significant decrease, leading to a net loss of $3.8 million compared to a net income of $6.5 million in the previous year.
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Concrete Pumping Holdings, Inc. (BBCP) will discuss its first-quarter financial results on March 7, 2024, in a conference call led by CEO Bruce Young and CFO Iain Humphries. The call will provide insights into the company's performance in the U.S. and U.K.
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Concrete Pumping Holdings, a leading provider of concrete pumping and waste management services in the U.S. and U.K., reported financial results for the fourth quarter and fiscal year ended October 31, 2023 (Nasdaq: BBCP). Revenue increased 5% to $120.2 million, gross profit increased 1% to $48.9 million, and net income increased 10% to $9.4 million in the fourth quarter of fiscal year 2023. For fiscal year 2023, revenue increased 10% to $442.2 million, gross profit increased 9% to $178.3 million, and net income increased 12% to $30.0 million.
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Concrete Pumping Holdings, Inc. (Nasdaq: BBCP) will hold a conference call on January 11, 2024, at 5:00 p.m. Eastern time to discuss its financial results for the fourth quarter and fiscal year ended October 31, 2023. The call will be hosted by CEO Bruce Young and CFO Iain Humphries.
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Concrete Pumping Holdings, Inc. (Nasdaq: BBCP) announced the expiration of 13,017,677 warrants to acquire shares of its common stock, resulting in a cleaner, simpler capital structure and balance sheet. The company's listing on Nasdaq under the ticker symbol 'BBCP' remains unaffected.
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Concrete Pumping Holdings reports double-digit revenue growth in Q3 2023
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Concrete Pumping Holdings, Inc. to hold conference call on September 7, 2023, to discuss Q3 financial results.
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Concrete Pumping Holdings reports double-digit revenue growth in Q2 2023. Revenue increased by 12% to $107.8 million compared to the same quarter last year. Gross profit also increased by 12% to $43.5 million. Net income was $5.6 million. Adjusted EBITDA increased by 7% to $28.8 million. The company's debt outstanding was $435.9 million with net debt of $429.3 million. Total available liquidity was $100.4 million.
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FAQ

What services does Concrete Pumping Holdings, Inc. provide?

Concrete Pumping Holdings, Inc. offers concrete pumping and waste management services, industrial cleanup, and containment services primarily in the construction industry.

Under which brands does Concrete Pumping Holdings, Inc. operate?

The company operates under the Brundage-Bone and Camfaud brands for concrete pumping and Eco-Pan for waste management services.

In which regions does Concrete Pumping Holdings, Inc. operate?

The company operates in the United States and the United Kingdom.

What are the key segments of Concrete Pumping Holdings, Inc.?

The key segments include U.S. Concrete Pumping, U.K. Operations, U.S. Concrete Waste Management Services, and Corporate.

What was the revenue of Concrete Pumping Holdings, Inc. in fiscal year 2023?

The company reported a revenue of $442.2 million in fiscal year 2023.

What is the future outlook for Concrete Pumping Holdings, Inc.?

For fiscal year 2024, the company expects revenues between $460.0 million and $480.0 million, and Adjusted EBITDA between $122.0 million and $130.0 million.

Where is Concrete Pumping Holdings, Inc. headquartered?

The company is headquartered in Thornton, Colorado.

When was Concrete Pumping Holdings, Inc. founded?

The company was founded in 1983.

How has Concrete Pumping Holdings, Inc. performed recently?

The company had a record revenue growth in fiscal year 2023, with a 10% increase in revenue and a 7% increase in Adjusted EBITDA.

What is the primary source of revenue for Concrete Pumping Holdings, Inc.?

The primary source of revenue is the U.S. Concrete Pumping segment.

Concrete Pumping Holdings, Inc.

Nasdaq:BBCP

BBCP Rankings

BBCP Stock Data

353.94M
54.12M
28.04%
65.59%
0.56%
Water and Sewer Line and Related Structures Construction
Construction
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United States of America
THORNTON