Concrete Pumping cuts FY25 revenue view to $380M-$390M from $425M-$445M

Consensus $408.87M. Cuts FY25 adjusted EBITDA view to $95M-$100M from $115M-$125M. The company said, “The Company now expects fiscal year 2025 revenue to range between $380.0 million to $390.0 million, Adjusted EBITDA to range between $95.0 million to $100.0 million, and free cash flow2 to be approximately $45.0 million. These expectations assume the construction market will not start to meaningfully recover until fiscal year 2026 and that the Company continues to strengthen its organizational infrastructure and invest in its fleet to position the business for growth in fiscal 2026.”