Concrete Pumping Holdings ( (BBCP) ) has released its Q3 earnings. Here is a breakdown of the information Concrete Pumping Holdings presented to its investors.
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Concrete Pumping Holdings, Inc., operating under the brands Brundage-Bone, Camfaud, and Eco-Pan, is a leading provider of concrete pumping and waste management services in the U.S. and U.K. The company specializes in delivering concrete placement solutions that enhance construction efficiency and safety.
In its third quarter of fiscal year 2025, Concrete Pumping Holdings reported a decline in revenue to $103.7 million from $109.6 million in the same period last year. The company faced challenges due to reduced demand in the commercial and residential construction sectors, attributed to high interest rates and adverse weather conditions.
Key financial metrics showed a decrease in gross profit to $40.4 million and a drop in net income to $3.7 million. Adjusted EBITDA also fell to $26.8 million, reflecting the impact of lower revenue volumes. However, the waste management segment showed resilience with a 4% revenue increase, highlighting the diversification benefits of the company’s operations.
Looking ahead, Concrete Pumping Holdings remains focused on cost management and strategic capital deployment. The company anticipates a gradual recovery in the construction market by late fiscal year 2026 or early fiscal year 2027, positioning itself for improved performance as market conditions stabilize.