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Concrete Pumping Holdings (BBCP)
NASDAQ:BBCP
US Market
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Concrete Pumping Holdings (BBCP) AI Stock Analysis

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BBCP

Concrete Pumping Holdings

(NASDAQ:BBCP)

Rating:63Neutral
Price Target:
$8.00
▲(4.71% Upside)
Concrete Pumping Holdings has a stable operational performance with positive technical indicators, but faces significant financial risks due to high leverage and declining revenue growth. The high P/E ratio suggests overvaluation, and while the earnings call showed some resilience, the decline in net income and EBITDA remains a concern.
Positive Factors
Infrastructure
Larger commercial project and residential demand remains resilient, and infrastructure activity in both the U.S. and U.K. is robust.
Revenue
Revenue of $104 million was above the consensus estimate of $100 million.
Negative Factors
EBITDA Margin
Adjusted EBITDA margin of 25.8% was down 300 basis points and below the implied consensus estimate of 26.8%.
Guidance
Management lowered guidance, which at the midpoint now calls for full-year revenue of $410 million, below the consensus estimate of $424 million.
Interest Rates and Tariff
Persistent headwinds related to interest rates and tariff uncertainty continue to weigh on business performance.

Concrete Pumping Holdings (BBCP) vs. SPDR S&P 500 ETF (SPY)

Concrete Pumping Holdings Business Overview & Revenue Model

Company DescriptionConcrete Pumping Holdings Inc. (BBCP) is a leading provider of concrete pumping and waste management services in the United States and the United Kingdom. The company operates through two primary segments: Concrete Pumping and Environmental Services, offering a range of services including the pumping of concrete for construction projects and the management of waste materials. BBCP focuses on providing high-quality, reliable, and efficient services to a diverse clientele in the construction sector.
How the Company Makes MoneyConcrete Pumping Holdings generates revenue primarily through its concrete pumping services, which involve the transportation and placement of liquid concrete at construction sites. The company charges fees based on the volume of concrete pumped and the complexity of the job. Additional revenue streams include environmental services, where the company manages and disposes of waste materials from construction sites. BBCP has established significant partnerships with construction firms, which contribute to its steady stream of business. The company also benefits from a growing demand for infrastructure development and construction projects, positively impacting its earnings.

Concrete Pumping Holdings Earnings Call Summary

Earnings Call Date:Sep 04, 2025
(Q3-2025)
|
% Change Since: |
Next Earnings Date:Jan 08, 2026
Earnings Call Sentiment Neutral
The call highlighted resilience in certain market segments and strong liquidity, but faced challenges in revenue declines and pricing pressures in key areas, leading to balanced insights on both achievements and challenges.
Q3-2025 Updates
Positive Updates
Resilience in Residential and Infrastructure Markets
Despite market pressures, the residential end market remained largely resilient, constituting 32% of total revenue. Infrastructure projects in the US and UK are expected to remain robust due to allocated funding and growth in projects like HS2.
Revenue Growth in US Concrete Waste Management Segment
The US Concrete Waste Management Services segment saw a revenue increase of 4% to $19.3 million, driven by robust volume growth and pricing improvements.
Strong Liquidity and Share Buyback Plan
The company maintained a strong liquidity position with $358 million of availability and repurchased approximately 593,000 shares for $3.8 million, showing confidence in its long-term strategic growth plan.
Negative Updates
Decline in US Concrete Pumping Revenue
Revenue in the US Concrete Pumping segment decreased to $69.3 million from $75.2 million in the prior year, impacted by construction market softness and adverse weather conditions.
Decreased Net Income and EBITDA
Net income available to common shareholders fell to $3.3 million from $7.1 million in the prior year. Consolidated adjusted EBITDA decreased to $26.8 million from $31.6 million.
Continued Pricing Pressure
Pricing pressure persisted, particularly in the US due to competitors targeting more complex projects amidst light commercial construction declines.
Company Guidance
During the call, Concrete Pumping Holdings maintained its 2025 full-year guidance, expecting fiscal year revenue between $380 million and $390 million and adjusted EBITDA between $95 million and $100 million. The company anticipates generating approximately $45 million in free cash flow, defined as adjusted EBITDA less net replacement CapEx and cash paid for interest. Despite a third-quarter revenue decrease to $103.7 million from $109.6 million in the prior year, attributed to a $2 million adverse weather impact and commercial construction softness, the company remains focused on cost management and strategic pricing. The U.S. Concrete Pumping segment revenue fell to $69.3 million, while the U.S. Concrete Waste Management Services segment saw a 4% increase to $19.3 million. The UK operations experienced a revenue decline to $15.1 million, with a foreign exchange benefit of 500 basis points. The company repurchased approximately 593,000 shares for $3.8 million during the quarter, with $20 million remaining in the authorized buyback plan. Total debt stood at $425 million with a net debt to EBITDA leverage ratio of approximately 3.8 times, and $358 million in liquidity was available at the end of July 2025.

Concrete Pumping Holdings Financial Statement Overview

Summary
Concrete Pumping Holdings shows strength in operational efficiency and cash flow management, despite fluctuating revenue and declining net margins. The balance sheet remains stable, though attention to debt levels and profitability is needed to mitigate potential risks. Overall, the company is positioned well within the Engineering & Construction industry, but must focus on revenue growth and margin improvement.
Income Statement
75
Positive
The company has shown a stable gross profit margin with TTM at 39.38%, indicating effective cost management. However, net profit margin has decreased to 3.57%, highlighting potential cost pressures or increased expenses. Revenue growth has been inconsistent with a recent decline of 9.24% in TTM compared to the previous year. EBIT and EBITDA margins remain healthy at 11.85% and 25.66%, respectively, reflecting solid operational efficiency despite the revenue drop.
Balance Sheet
70
Positive
The balance sheet presents a moderate debt-to-equity ratio of 1.69, which suggests a balanced approach to leverage but indicates potential risks if earnings pressure persists. Return on Equity (ROE) decreased to 5.48% in TTM, showing lower profitability for equity investors. However, the equity ratio remains stable at 29.80%, pointing to a solid asset base supported by equity.
Cash Flow
80
Positive
The company has demonstrated strong cash flow management with a positive free cash flow growth of 24.74% in TTM, despite fluctuating capital expenditures. The operating cash flow to net income ratio is robust at 6.15, signifying effective conversion of income to cash. The free cash flow to net income ratio of 3.75 also highlights efficient cash generation relative to profits.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue395.56M425.87M442.24M401.29M315.81M304.30M
Gross Profit154.05M165.83M178.30M163.61M137.73M137.30M
EBITDA98.63M107.30M132.85M121.45M94.26M29.84M
Net Income10.48M16.21M31.79M28.68M-15.07M-61.25M
Balance Sheet
Total Assets886.03M897.99M904.52M887.49M792.66M773.76M
Cash, Cash Equivalents and Short-Term Investments41.00M43.04M15.86M7.48M9.30M6.74M
Total Debt442.42M399.81M416.19M447.87M370.45M367.01M
Total Liabilities599.71M576.27M596.28M608.16M530.09M506.65M
Stockholders Equity286.32M346.71M308.24M279.33M262.57M267.11M
Cash Flow
Free Cash Flow31.72M43.09M41.57M-26.69M12.29M39.63M
Operating Cash Flow72.28M86.90M96.88M76.69M75.83M78.97M
Investing Cash Flow-30.32M-32.13M-44.16M-124.12M-56.56M-35.85M
Financing Cash Flow-27.83M-28.77M-44.30M45.98M-15.95M-43.93M

Concrete Pumping Holdings Technical Analysis

Technical Analysis Sentiment
Positive
Last Price7.64
Price Trends
50DMA
6.84
Positive
100DMA
6.67
Positive
200DMA
6.53
Positive
Market Momentum
MACD
0.07
Negative
RSI
66.41
Neutral
STOCH
37.23
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BBCP, the sentiment is Positive. The current price of 7.64 is above the 20-day moving average (MA) of 7.00, above the 50-day MA of 6.84, and above the 200-day MA of 6.53, indicating a bullish trend. The MACD of 0.07 indicates Negative momentum. The RSI at 66.41 is Neutral, neither overbought nor oversold. The STOCH value of 37.23 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BBCP.

Concrete Pumping Holdings Risk Analysis

Concrete Pumping Holdings disclosed 39 risk factors in its most recent earnings report. Concrete Pumping Holdings reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

Concrete Pumping Holdings Peers Comparison

Overall Rating
UnderperformOutperform
Sector (64)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
77
Outperform
$724.36M65.834.26%19.48%
71
Outperform
$303.58M27.117.90%15.85%
64
Neutral
$404.22M-14.26%-0.29%-6.77%
64
Neutral
$10.73B15.747.56%2.01%2.76%-15.10%
63
Neutral
$354.31M47.043.32%-8.98%-38.23%
45
Neutral
$73.88M17.11%-27.08%-115.05%
41
Neutral
$221.32M-41.62%-23.35%-49.27%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
BBCP
Concrete Pumping Holdings
7.64
2.87
60.17%
MTRX
Matrix Service Company
14.58
5.44
59.52%
ORN
Orion Group Holdings
7.58
1.17
18.25%
VATE
INNOVATE Corp
5.64
1.84
48.42%
BWMN
Bowman Consulting Group
40.79
17.13
72.40%
SLND
Southland Holdings
4.20
0.39
10.24%

Concrete Pumping Holdings Corporate Events

Private Placements and FinancingDividendsBusiness Operations and Strategy
Concrete Pumping Holdings Completes $425M Note Offering
Positive
Feb 3, 2025

On February 3, 2025, Concrete Pumping Holdings, Inc. announced the successful completion of a private offering of $425 million in senior secured second lien notes due 2032, intended to refinance existing debt and support a special one-time dividend of $1.00 per share. This strategic financial move underscores the company’s solid operating performance and commitment to shareholder value while maintaining liquidity for future growth.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Sep 06, 2025