Welcome to our dedicated page for Concrete Pumping Hldgs news (Ticker: BBCP), a resource for investors and traders seeking the latest updates and insights on Concrete Pumping Hldgs stock.
Concrete Pumping Holdings (BBCP) operates as the largest provider of specialized concrete pumping services in the United States and United Kingdom, serving construction projects across commercial, infrastructure, and residential sectors. The company generates news through quarterly earnings reports, contract announcements with major construction firms, equipment fleet expansions, and strategic acquisitions that consolidate the fragmented concrete pumping market.
As a company serving the construction industry, BBCP's news flow reflects broader trends in commercial and residential building activity, infrastructure spending, and construction market conditions. Investors tracking this stock typically monitor announcements related to long-term service agreements (which provide recurring revenue), changes in construction market demand, operational performance across the company's three business segments, and developments in both U.S. and U.K. markets.
The company's earnings reports detail revenue performance across its concrete pumping and waste management divisions, providing insights into construction activity levels and the health of the building industry. Material events such as fleet equipment investments, branch openings or consolidations, and market expansion initiatives appear in the company's regulatory filings and press releases. For investors focused on the construction services sector, following BBCP news offers visibility into specialized contractor performance and construction market dynamics that affect multiple industry participants.
Concrete Pumping Holdings reported a 4% increase in revenue to $76.9 million for Q2 FY2021, compared to $74.0 million in Q2 FY2020. Gross margin rose to 43.3% from 43.0%. The net loss narrowed significantly to $11.4 million or $(0.21) per diluted share, improving from a loss of $56.2 million or $(1.06) per share in the prior year. Adjusted EBITDA grew by 7% to $25.0 million, with a margin of 32.6%. The company anticipates FY2021 revenue between $300 million and $310 million.
Concrete Pumping Holdings reported preliminary Q2 results for fiscal 2021, showing a 4% increase in revenue to $76.9 million from $74.0 million in Q2 FY 2020. The gross margin rose to 43.3%, a 30 basis point increase, while adjusted EBITDA grew by 7% to $25.0 million with an adjusted EBITDA margin of 32.6%. Total liquidity expanded to $134.9 million. The company rescheduled its earnings call to address warrant accounting following SEC guidance, with no expected impact on preliminary results.
Concrete Pumping Holdings (Nasdaq: BBCP) will participate in three virtual financial conferences in June 2021. The events include the William Blair 41st Annual Growth Stock Virtual Conference on June 1, UBS Global Industrials and Transportation Virtual Conference on June 8, and Stifel 2021 Virtual Cross Sector Insight Conference on June 9. The company provides concrete pumping and waste management services across the U.S. and U.K., operating under established brands like Brundage-Bone, Camfaud, and Eco-Pan. These presentations aim to enhance investor engagement and market awareness.
Concrete Pumping Holdings, Inc. (Nasdaq: BBCP) will hold a conference call on June 7, 2021, at 5:00 p.m. Eastern Time to discuss its Q2 fiscal results for 2021, ending April 30, 2021. The call will be led by CEO Bruce Young and CFO Iain Humphries, preceded by a press release detailing financial outcomes. The company is a leader in concrete pumping and waste management in the U.S. and U.K., operating under established brands. A replay of the call will be available until June 28, 2021.
Concrete Pumping Holdings, Inc. (Nasdaq: BBCP) has appointed Howard D. Morgan as chair of the Board, replacing David Brown, who did not seek reelection. New appointments include Tom Armstrong, Stephen Alarcon, and Ryan Beres as directors, enhancing the Board's expertise in strategic growth and acquisitions. Morgan previously led the SPAC that took CPH public and stressed the focus on market share and M&A strategies. The Company operates under national brands in the U.S. and U.K., providing concrete pumping and waste management services from numerous locations.
Concrete Pumping Holdings reported its Q1 fiscal 2021 results with revenue of $70.4 million, down from $73.9 million in Q1 2020. A net loss attributable to common shareholders was $12.8 million or $(0.24) per share, significantly worse than a net loss of $3.2 million in the previous year. The loss on extinguishment of debt related to refinancing totaled $15.5 million. Adjusted EBITDA was $22.4 million, slightly down from $23.8 million, while total available liquidity improved to $118.4 million.
The company anticipates full-year revenue between $300 million and $310 million.
Concrete Pumping Holdings, Inc. (Nasdaq: BBCP) will host a conference call on March 11, 2021, at 5:00 p.m. Eastern time to discuss its first-quarter fiscal results for the period ending January 31, 2021. The call will feature insights from CEO Bruce Young and CFO Iain Humphries, followed by a Q&A session. A press release detailing financial results will precede the call. Investors can access the live broadcast or replay via the company’s website. The company operates under well-known brands in the U.S. and U.K., providing essential concrete pumping and waste management services.
Concrete Pumping Holdings (Nasdaq: BBCP) has closed a private offering of $375 million in senior secured second lien notes due 2026 at a fixed interest rate of 6.000%. Proceeds will be used to repay existing term loan debt and related costs. Additionally, the company has amended its ABL Facility, increasing commitments from $60 million to $125 million. CEO Bruce Young noted that these moves enhance liquidity and reduce debt costs, allowing for strategic investment opportunities and support for long-term growth. The notes will not be registered under the Securities Act.
Concrete Pumping Holdings has priced a private offering of $375 million in senior secured second lien notes due 2026, increasing from an initial $350 million. The notes carry a 6% annual interest rate and are expected to close on January 28, 2021. Proceeds, along with $15 million from its credit facility, will be used to repay existing term loan debts. This offering will be made to qualified institutional buyers and will not be registered under the Securities Act. Concrete Pumping is a leading provider in the concrete pumping sector, operating primarily under established national brands.
Concrete Pumping Holdings (Nasdaq: BBCP) announced plans to offer $350 million in senior secured second lien notes due 2026 via its subsidiary, Brundage-Bone Concrete Pumping Holdings. The company also intends to amend its ABL credit agreement to provide $125 million in commitments. Proceeds will be used to repay existing term loan indebtedness, amounting to $39.4 million from the ABL Facility. The offer is limited to qualified institutional buyers, with no registration under the Securities Act, thereby emphasizing its private placement nature.
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