The earnings call presented a mixed picture with notable improvements in cash flow and debt reduction, alongside growth in the Concrete Waste Management segment. However, these positives were offset by significant declines in U.S. and U.K. revenues, particularly in the core U.S. Concrete Pumping segment, leading to a balanced outlook.
Company Guidance
During the Q4 2024 earnings call for Concrete Pumping Holdings, several key metrics and guidance for fiscal year 2025 were discussed. The company anticipates fiscal year revenue to be between $425 million and $445 million, with adjusted EBITDA in the range of $115 million to $125 million. Additionally, they project free cash flow to be at least $65 million. In Q4 2024, the company reported a revenue of $111.5 million, a decline from $120.2 million in the same quarter last year, primarily due to a slowdown in the U.S. Concrete Pumping segment. However, the U.S. Concrete Waste Management Services segment saw an 11% increase in revenue to $19.8 million. The company achieved a gross margin improvement of 80 basis points to 41.5% and a slight increase in adjusted EBITDA margin to 30.2%. The net debt was reduced by $46 million over the year, with a net debt-to-EBITDA leverage ratio of 3x, meeting their 2024 fiscal year target. Looking forward, the company expects a return to more typical seasonality, with a more pronounced revenue increase in the latter half of 2025.
Improved Free Cash Flow
Free cash flow increased 26% in the fourth quarter to $24 million compared to $19 million in the same year ago quarter.
Debt Reduction and Strong Liquidity
Total net debt decreased by $46 million over the year, achieving a net debt-to-EBITDA leverage ratio of 3x, with liquidity of approximately $378 million.
Growth in Concrete Waste Management
Revenue in the U.S. Concrete Waste Management Services segment increased 11% to $19.8 million compared to $17.8 million in the prior year quarter.
Margin Improvement
Gross margin in the fourth quarter increased 80 basis points to 41.5%, and adjusted EBITDA margin increased 40 basis points to 30.2%.
---
Concrete Pumping Holdings (BBCP) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
BBCP Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Jan 08, 2025
$6.51
$7.40
+13.67%
Sep 04, 2024
$5.74
$5.17
-9.93%
Jun 06, 2024
$7.53
$6.56
-12.88%
Mar 07, 2024
$8.21
$7.80
-4.99%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Concrete Pumping Holdings (BBCP) report earnings?
Concrete Pumping Holdings (BBCP) is schdueled to report earning on Mar 06, 2025, TBA Not Confirmed.
What is Concrete Pumping Holdings (BBCP) earnings time?
Concrete Pumping Holdings (BBCP) earnings time is at Mar 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.