Welcome to our dedicated page for Concrete Pumping news (Ticker: BBCPW), a resource for investors and traders seeking the latest updates and insights on Concrete Pumping stock.
BBCPW is linked to Concrete Pumping Holdings, Inc. (Nasdaq: BBCP), which issues frequent news updates about its concrete pumping and concrete waste management operations in the U.S. and U.K. On this page, readers can review company press releases that cover financial performance, capital allocation decisions and operational developments.
Concrete Pumping Holdings regularly reports quarterly and full-year financial results, including revenue, gross profit, income from operations, net income or loss, and non-GAAP measures such as Adjusted EBITDA, net debt, free cash flow and leverage ratio. These releases also provide commentary on trends in its U.S. Concrete Pumping, U.S. Concrete Waste Management Services and U.K. Operations segments, along with discussion of construction demand, weather impacts and macroeconomic conditions.
In addition to earnings announcements, the company’s news includes information on earnings conference calls, where management discusses results and answers questions from participants. Releases also describe capital structure and capital allocation actions, such as share repurchase authorizations, special dividends funded in part by debt refinancing, and acquisitions like the purchase of C.G.A. Concrete Pumping Ltd. in the Republic of Ireland by the Brundage-Bone subsidiary.
Investors following BBCPW can use this news feed to monitor how Concrete Pumping Holdings describes its operating environment, segment performance, liquidity, and strategic moves in concrete pumping and concrete waste management. Regular updates on conference call schedules, outlook ranges disclosed in press releases, and acquisition activity provide additional context for understanding developments affecting the underlying company.
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.
Concrete Pumping Holdings reported a 2020 revenue increase of 8% to $304 million, despite a decline in Q4 revenue owing to COVID-19 impacts. Adjusted EBITDA rose 12% to $107.3 million for the year. The company ended with a net loss of $62.9 million or $(1.19 per diluted share), a significant increase from the previous year's losses. However, net debt was reduced by $42 million, leading to greater liquidity of $59.3 million. For 2021, the company expects revenue between $300 million - $310 million and adjusted EBITDA of $105 million - $110 million.
Concrete Pumping Holdings (Nasdaq: BBCP) will hold a conference call on January 12, 2021, at 5:00 p.m. Eastern time to discuss its financial results for the fourth quarter and fiscal year ended October 31, 2020. CEO Bruce Young and CFO Iain Humphries will lead the call, followed by a Q&A session. Interested parties can join via toll-free and international dial-in numbers provided. A replay will be available until February 2, 2021. The Company operates under established brands in concrete pumping and waste management across the U.S. and U.K.
Concrete Pumping Holdings (Nasdaq: BBCP) will hold a conference call on September 9, 2020, at 5:00 p.m. Eastern time to discuss its third-quarter financial results for the period ending July 31, 2020. CEO Bruce Young and CFO Iain Humphries will lead the call, with a question and answer session following. Investors can join via toll-free numbers and access a replay after the call. The company is a leading provider of concrete pumping and waste management services in the U.S. and U.K., operating under brands like Brundage-Bone and EcoPan.