Welcome to our dedicated page for Concrete Pumping Holdings news (Ticker: BBCP), a resource for investors and traders seeking the latest updates and insights on Concrete Pumping Holdings stock.
Concrete Pumping Holdings reports developments tied to concrete pumping, concrete waste management, and related construction services in the United States and the United Kingdom. Its recurring updates cover operating results, gross profit, income from operations, Adjusted EBITDA, debt and liquidity measures, and performance across U.S. Concrete Pumping, U.K. Operations, and U.S. Concrete Waste Management Services.
The company also announces acquisition activity through brands and subsidiaries such as Camfaud and Brundage-Bone. Recent completed transactions expanded its geographic reach in Ireland and added a U.K. temporary power platform with generator rental, distribution equipment, cabling, fuel management, and on-site support services for construction and infrastructure customers.
Concrete Pumping Holdings, Inc. (Nasdaq: BBCP) reported a 19% revenue increase to $74.0 million in Q2 FY 2020, driven by strong market performance despite COVID-19 impacts. Gross margin rose by 370 basis points to 43.0%. However, net loss surged to $59.4 million, influenced by a $57.9 million goodwill impairment. Adjusted EBITDA improved by 29% to $23.5 million, with significant growth in U.S. segments. The company improved liquidity to $33 million and reduced net debt by $20 million. Outlook remains cautious amid ongoing pandemic challenges.
Concrete Pumping Holdings (BBCP) is participating in two virtual financial conferences in June 2020. The Stifel 2020 Virtual Cross Sector Insight Conference will occur on June 10 at 12:40 p.m. ET, followed by the William Blair 2020 Virtual Growth Stock Conference on June 11 at 11:40 a.m. ET. CPH serves U.S. and U.K. markets, utilizing national brands like Brundage-Bone for pumping services and EcoPan for waste management. As of January 31, 2020, the company operates from 90 U.S. locations across 22 states and 28 locations in the U.K.
Concrete Pumping Holdings (Nasdaq: BBCP) announced a conference call scheduled for June 9, 2020, at 5:00 PM Eastern Time to discuss its Q2 fiscal results for the period ending April 30, 2020. The call will include CEO Bruce Young and CFO Iain Humphries, followed by a Q&A session. A press release detailing the financial results will precede the call. Investors can access the call via toll-free numbers and will have the option to replay it until June 30, 2020. Concrete Pumping Holdings is recognized as a leading provider of concrete pumping and waste management services in the U.S. and U.K.