olivLaw · US equity research
Concrete Pumping Holdings, Inc. BBCP
Construction - Special Trade Contractors · SIC 1700 · Vertical: Construction - Special Trade Contractors (SIC 1700)
Concrete Pumping Holdings is a leading provider of concrete pumping and concrete waste management services in the U.S. and U.K., operating a fleet the company considers the only nationally scaled one in both markets. Third-quarter fiscal 2026 revenue grew 13% to 116.8 million USD, and management raised its full-year outlook as demand for commercial and infrastructure work, including data centers, stayed healthy.
At the close of 05 Nov 2026, Concrete Pumping Holdings, Inc. (BBCP) stock was 9.52 USD (−6.02% on the day), with market capitalisation 479.7 m USD, P/E 56.2 on diluted EPS of 0.17 USD over the last 12 months, dividend yield 0.00%, beta 0.69, 52-week range 5.73–12.05 USD. Latest reported quarter (Q3 2026): revenue of 116.8 m USD (+12.6% YoY), net income of 4.9 m USD (+33.3% YoY), diluted EPS 0.09 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 45.3
- neutral
- Bollinger (20, 2)
- 8.65 – 10.54
- in the lower half of the band · %B 0.46 · band width 19.7%
- SMA 50 / 200
- 9.70 / 8.70
- mixed trend
- MACD (12, 26, 9)
- 0.13 / 0.07
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −4.2% | −5.9% | +1.7 pp | — |
| 3 months | −1.7% | −4.6% | +3.0 pp | — |
| 6 months | +18.4% | +0.2% | +18.2 pp | — |
| Year to date | +41.9% | +7.4% | +34.5 pp | — |
| 1 year | +46.9% | +8.2% | +38.7 pp | −50.2% |
| 3 years | +39.4% | +68.4% | −29.0 pp | −23.5% |
| 5 years | +3.4% | +56.5% | −53.2 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q3 2026 · 31 Jul 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 111.5 m | 86.4 m | 94.0 m | 103.7 m | 108.8 m | 90.6 m | 106.8 m | 116.8 m |
| Cost of revenue | 65.2 m | 55.2 m | 57.8 m | 63.3 m | 65.5 m | 58.6 m | 65.5 m | 71.5 m |
| Gross profit | 46.2 m | 31.2 m | 36.2 m | 40.4 m | 43.3 m | 32.0 m | 41.3 m | 45.2 m |
| Operating income | 19.2 m | 3.5 m | 8.3 m | 12.9 m | 16.9 m | 4.5 m | 12.1 m | 15.1 m |
| Depreciation & amortisation | 14.3 m | 13.2 m | 13.6 m | 13.6 m | 13.1 m | 12.9 m | 12.9 m | 13.2 m |
| Interest expense | 6.0 m | 5.8 m | 8.3 m | 8.1 m | 9.3 m | 8.4 m | 8.4 m | 8.4 m |
| Pre-tax income | 13.3 m | -3.7 m | -6.0 k | 5.0 m | 8.7 m | -3.5 m | 3.9 m | 6.9 m |
| Income tax | 3.9 m | -1.0 m | -2.0 k | 1.3 m | 3.4 m | -1.1 m | 1.3 m | 2.0 m |
| Net income | 9.4 m | -2.6 m | -4.0 k | 3.7 m | 5.3 m | -2.4 m | 2.5 m | 4.9 m |
| Diluted EPS | 0.17 ≈ | -0.06 | -0.01 | 0.07 | 0.10 ≈ | -0.06 | 0.04 | 0.09 |
| Operating cash flow | 22.4 m | 6.0 m | 24.7 m ≈ | 19.1 m ≈ | 14.5 m | 21.4 m | 8.1 m ≈ | 24.1 m ≈ |
| Capex | 6.3 m | 5.8 m | 13.7 m ≈ | 14.7 m ≈ | 12.6 m | 9.5 m | 10.1 m ≈ | 20.4 m ≈ |
| Dividends paid | 0 | — | — | 0 ≈ | 0 | — | — | 0 ≈ |
| Share repurchases | 3.0 m | 2.6 m | 5.9 m ≈ | 3.8 m ≈ | 1.9 m | 4.6 m | 2.6 m ≈ | 120.0 k ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 84 percentile of its own 19-quarter history (min 4.2, median 21.2, max 64.2; quarters with earnings only).
Fiscal years
| Fiscal year | 2018 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | 243.2 m | 304.3 m | 315.8 m | 401.3 m | 442.2 m | 425.9 m | 392.9 m |
| Revenue YoY | unavailable | unavailable | +3.8% | +27.1% | +10.2% | −3.7% | −7.7% |
| Net income | 28.4 m | -61.3 m | -15.1 m | 28.7 m | 31.8 m | 16.2 m | 6.4 m |
| Net income YoY | unavailable | unavailable | unavailable | unavailable | +10.9% | −49.0% | −60.7% |
| Diluted EPS | 2.47 | -1.20 | -0.31 | 0.47 | 0.54 | 0.26 | 0.09 |
| Diluted EPS YoY | unavailable | unavailable | unavailable | unavailable | +14.9% | −51.9% | −65.4% |
| net % | 11.7% | -20.1% | -4.8% | 7.1% | 7.2% | 3.8% | 1.6% |
| Free cash flow | 7.9 m | 39.6 m | 13.0 m | -25.2 m | 42.4 m | 43.1 m | 17.5 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Oct 2025
- Cash
- 44.4 m USD
- Financial debt
- 417.9 m USD
- Net debt
- 373.5 m USD
- Equity
- 264.8 m USD
- Total assets
- 879.5 m USD
- Debt / equity
- 1.58x
- Current ratio
- 2.17x
- ROE
- 2.2%
- ROA
- 0.7%
- FCF margin
- 4.5%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 304.3 m | 315.8 m | 401.3 m | 442.2 m | 425.9 m | 392.9 m | SEC (XBRL)· 13 Jan 2026verified |
| Cost of revenue | 167.0 m | 178.1 m | 237.7 m | 263.9 m | 260.0 m | 241.8 m | SEC (XBRL)· 13 Jan 2026verified |
| Gross profit | 137.3 m | 137.7 m | 163.6 m | 178.3 m | 165.8 m | 151.1 m | SEC (XBRL)· 13 Jan 2026verified |
| Operating income | -31.7 m | 38.0 m | 50.1 m | 61.5 m | 49.3 m | 41.5 m | SEC (XBRL)· 13 Jan 2026verified |
| Depreciation & amortisation | 28.3 m | 28.8 m | 34.9 m | 58.7 m | 57.1 m | 53.5 m | SEC (XBRL)· 13 Jan 2026verified |
| EBITDA | -3.5 m ≈ | 66.8 m ≈ | 85.0 m ≈ | 120.1 m ≈ | 106.5 m ≈ | 95.1 m ≈ | SEC (XBRL)· 13 Jan 2026derived |
| Interest expense | 34.4 m | 25.2 m | 25.9 m | 28.1 m | 25.6 m | 31.6 m | SEC (XBRL)· 13 Jan 2026verified |
| Pre-tax income | -66.2 m | -12.4 m | 34.2 m | 40.6 m | 24.3 m | 10.1 m | SEC (XBRL)· 13 Jan 2026verified |
| Income tax | -5.0 m | 2.6 m | 5.5 m | 8.8 m | 8.1 m | 3.7 m | SEC (XBRL)· 13 Jan 2026verified |
| Net income | -61.3 m | -15.1 m | 28.7 m | 31.8 m | 16.2 m | 6.4 m | SEC (XBRL)· 13 Jan 2026verified |
| Diluted EPS | -1.20 | -0.31 | 0.47 | 0.54 | 0.26 | 0.09 | SEC (XBRL)· 13 Jan 2026verified |
| Weighted average diluted shares | 52.8 m | 53.4 m | 54.9 m | 54.2 m | 54.2 m | 52.7 m | SEC (XBRL)· 13 Jan 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 6.7 m | 9.3 m | 7.5 m | 15.9 m | 43.0 m | 44.4 m | SEC (XBRL)· 13 Jan 2026verified |
| Receivables | 44.3 m | 49.0 m | 62.9 m | 63.0 m | 56.4 m | 53.1 m | SEC (XBRL)· 13 Jan 2026verified |
| Inventories | 4.6 m | 4.9 m | 5.5 m | 6.7 m | 5.9 m | 7.4 m | SEC (XBRL)· 13 Jan 2026verified |
| Current assets | 60.0 m | 67.6 m | 81.6 m | 94.3 m | 112.4 m | 113.4 m | SEC (XBRL)· 13 Jan 2026verified |
| Property, plant & equipment, net | 304.3 m | 337.8 m | 419.4 m | 427.6 m | 415.7 m | 412.5 m | SEC (XBRL)· 13 Jan 2026verified |
| Goodwill | 223.2 m | 224.7 m | 220.2 m | 221.5 m | 223.0 m | 223.6 m | SEC (XBRL)· 13 Jan 2026verified |
| Intangibles (excl. goodwill) | 183.8 m | 137.8 m | 137.8 m | 120.2 m | 105.6 m | 93.9 m | SEC (XBRL)· 13 Jan 2026verified |
| Total assets | 773.8 m | 792.7 m | 887.5 m | 904.5 m | 898.0 m | 879.5 m | SEC (XBRL)· 13 Jan 2026verified |
| Accounts payable | 6.6 m | 10.7 m | 8.4 m | 8.9 m | 7.7 m | 6.3 m | SEC (XBRL)· 13 Jan 2026verified |
| Long-term debt | 343.9 m | 369.1 m | 370.5 m | 371.9 m | 373.3 m | 417.9 m | SEC (XBRL)· 13 Jan 2026verified |
| Current liabilities | 62.3 m | 48.2 m | 110.3 m | 84.0 m | 56.3 m | 52.3 m | SEC (XBRL)· 13 Jan 2026verified |
| Total liabilities | 481.6 m | 505.1 m | 583.2 m | 571.3 m | 551.3 m | 589.8 m | SEC (XBRL)· 13 Jan 2026verified |
| Equity | 267.1 m † | 262.6 m † | 279.3 m † | 308.2 m † | 321.7 m † | 264.8 m † | SEC (XBRL)· 13 Jan 2026verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 79.0 m | 75.8 m | 76.7 m | 96.9 m | 86.9 m | 64.3 m | SEC (XBRL)· 13 Jan 2026verified |
| Capex | 39.3 m | 62.8 m | 101.9 m | 54.5 m | 43.8 m | 46.8 m | SEC (XBRL)· 13 Jan 2026verified |
| Free cash flow | 39.6 m ≈ | 13.0 m ≈ | -25.2 m ≈ | 42.4 m ≈ | 43.1 m ≈ | 17.5 m ≈ | SEC (XBRL)· 13 Jan 2026derived |
| Investing cash flow | -35.9 m | -56.6 m | -124.1 m | -44.2 m | -32.1 m | -37.3 m | SEC (XBRL)· 13 Jan 2026verified |
| Financing cash flow | -43.9 m | -16.0 m | 46.0 m | -44.3 m | -28.8 m | -25.8 m | SEC (XBRL)· 13 Jan 2026verified |
| Dividends paid | — | — | — | — | 0 | 53.1 m | SEC (XBRL)· 13 Jan 2026verified |
| Share repurchases | 131.0 k | 330.0 k | 4.1 m | 10.5 m | 10.2 m | 14.2 m | SEC (XBRL)· 13 Jan 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
Risk
Valuation
olivLaw classification
Score: 38 / 100
A scoring methodology on indicators and valuation, not investment advice.
score < 40
Closing price
05 Nov 2026Source: olivLaw, closing series
Market cap: 479.7 m USD
Key indicators
Coverage and freshness
Score by group
- Growth0
- Returns56
- Balance sheet19
- Valuation33
- Quality79
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 1.15 – 17.83 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)5.18 – 17.83 (Mid 9.30)WACC 6.8% · starting FCFF 38.1 m USD · terminal value share of EV 81%The WACC × g sensitivity gives the method's bounds; these are not probabilities.Reverse DCF: starting growth implied by the price (fading linearly to terminal growth, everything else fixed): -0.1%
- Peers: EV/EBITDAunavailable · not enough peers
- Peers: P/E1.15 – 3.61 (Mid 3.50)5 companies used · median multiple 20.7x · quartiles 6.8x – 21.3xAGX, LMB, MSGY, MTRX, RUN
- Dividend discount (DDM)unavailable · input data missing
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Unattractive profile · Score 38/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | 4.9% | 71 (vs peers) | 10% |
| Net margin · Quality | 2.4% | 72 (vs peers) | 6% |
| FCF conversion · Quality | 150.5% | 100 (on a fixed band) | 6% |
| Revenue CAGR 3Y · Growth | -0.7% | 0 (on a fixed band) | 8% |
| EPS CAGR 3Y · Growth | -42.4% | 0 (on a fixed band) | 8% |
| Net debt / EBITDA · Balance sheet | 3.7x | 8 (on a fixed band) | 10% |
| Interest coverage · Balance sheet | 1.4x | 0 (on a fixed band) | 6% |
| Current ratio · Balance sheet | 1.7x | 76 (on a fixed band) | 4% |
| P/E (TTM) · Valuation | 56.2x | 0 (vs peers) | 10% |
| EV/EBITDA · Valuation | 8.5x | 59 (on a fixed band) | 10% |
| FCF yield · Valuation | 3.2% | 41 (on a fixed band) | 8% |
| Shareholder yield (distributions) · Returns | 1.9% | 27 (on a fixed band) | 6% |
| Payout ratio (FCF) · Returns | 0.0% | 100 (on a fixed band) | 4% |
Score groups
- Balance sheet19/100 · 3/3 factors with a value
- Growth0/100 · 2/2 factors with a value
- Quality79/100 · 3/3 factors with a value
- Returns56/100 · 2/2 factors with a value
- Valuation33/100 · 3/3 factors with a value
Memo
CONCRETE PUMPING HOLDINGS, INC. (BBCP). Latest full fiscal year: 2025; data up to 2026-07-31.
Figures computed from the financial statements: revenue 392.9 m USD in 2025; YoY growth -7.7%; net margin 2.4%; ROE 3.9%; net debt/EBITDA 3.7x.
The estimated value range is 3.16–10.72 USD per share (median of 2 methods, agreement: low); assumptions are illustrative. Against the central value of 6.40 USD, the price of 9.52 USD leaves a potential of -32.8% (value / price − 1) and a margin of safety of -48.8% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 38/100, methodological classification: unattractive profile (score, margin of safety and method agreement together; not a judgement of the right price). Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- ROIC: 4.9%
- Net margin: 2.4%
- FCF conversion: 150.5%
- Current ratio: 1.7x
- Payout ratio (FCF): 0.0%
What contradicts it
- Revenue CAGR 3Y: -0.7%
- EPS CAGR 3Y: -42.4%
- Net debt / EBITDA: 3.7x
- Interest coverage: 1.4x
- P/E (TTM): 56.2x
- Shareholder yield (distributions): 1.9%
- The valuation methods diverge
Versus the vertical median
Construction - Special Trade Contractors (SIC 1700) · same industry (4-digit SIC) · compared with 18 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| AGXArgan Inc | 3.7 bn | 20.7 | 39.8% | 15.1% | +8.1% | −34% / +460% |
| BBUCBrookfield Business Corporation | 2.7 bn | — | 2.4% | 1.4% | −32.4% | −13% / +66% |
| RUNSunrun Inc. | 2.4 bn | 5.0 | 16.2% | 14.0% | +45.1% | −51% / −23% |
| LMBLimbach Holdings, Inc. | 639.3 m | 21.3 | 16.0% | 4.2% | +24.7% | −23% / +43% |
| BBCPConcrete Pumping Holdings, Inc. | 479.7 m | 56.2 | 3.9% | 2.4% | −7.7% | +47% / +39% |
| PHOEPhoenix Asia Holdings Limited | 395.1 m | — | -25.9% | -16.7% | −2.2% | +30% / unavailable |
| MTRXMatrix Service Co | 242.0 m | 33.1 | 5.1% | 0.8% | +13.6% | −26% / −13% |
| MSGYMasonglory Limited | 64.4 m | 6.8 | -135.4% | -34.0% | +1.0% | −82% / unavailable |
| SPWRSunpower Inc. | 51.2 m | — | — | -3.8% | +175.9% | −86% / −79% |
| FGLFounder Group Limited | 22.4 m | — | -31.9% | -5.6% | unavailable | −100% / unavailable |
| SMXTSolarMax Technology, Inc. | 18.0 m | — | — | -7.9% | +295.8% | −66% / unavailable |
| PMAMing Shing Group Holdings Limited | 16.0 m | — | — | -39.4% | −56.8% | −27% / unavailable |
| WXMWF International Limited | 12.8 m | — | -71.9% | -24.5% | −13.7% | −66% / unavailable |
| CETXCemtrex, Inc. | 1.3 m | — | -152.4% | -38.4% | +14.4% | −98% / −100% |
| LGNLegence Corp. | — | — | -7.5% | -1.2% | +21.5% | −45% / unavailable |
| ZEOZeo Energy Corp. | 0 | — | — | -15.4% | −5.3% | −86% / −98% |
| KAZRSkyline Builders Group Holding Limited | — | — | 20.6% | 18.1% | +8.9% | −49% / unavailable |
| PBKPOWERBANK Corp | — | — | -174.4% | -74.7% | −28.9% | −91% / unavailable |
| AMRCAmeresco, Inc. | — | — | 5.5% | 3.3% | +28.8% | −45% / −36% |
1- and 3-year price returns: for BBCP from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 6.46 Total return -32% · Per year -32% | 11.46 Total return 20% · Per year 20% | 17.30 Total return 82% · Per year 82% |
| 3 years | 5.63 Total return -41% · Per year -16% | 11.30 Total return 19% · Per year 6% | 18.82 Total return 98% · Per year 26% |
| 5 years | 4.91 Total return -48% · Per year -12% | 11.14 Total return 17% · Per year 3% | 20.47 Total return 115% · Per year 17% |
- Exit P/E± 2.82
- Net margin± 1.98
- Annual revenue growth± 1.71
- Annual dilution± 0.17
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Concrete Pumping Holdings is a leading provider of concrete pumping and concrete waste management services in the U.S. and U.K., operating a fleet the company considers the only nationally scaled one in both markets. Third-quarter fiscal 2026 revenue grew 13% to 116.8 million USD 3, and management raised its full-year outlook as demand for commercial and infrastructure work, including data centers, stayed healthy 3.
SWOT
Strengths
- The company has national scale, a fleet that is young compared with small competitors, and a diversified customer base with long relationships 1.
- Eco-Pan's route density gives it, according to management, a profitability advantage over local operators 1.
- Repeated acquisitions and their integration into existing operations are a capability the company highlights 23.
Weaknesses
- Revenue is sensitive to the construction cycle and weather, and seasonality makes the first half of the fiscal year weaker 1.
- Debt is significant and its cost rose after the 2025 refinancing, which limits financial flexibility 1.
- Reliance on three equipment suppliers and an aging fleet could raise maintenance costs and reduce appeal to customers 1.
Opportunities
- Data center and infrastructure projects could support growth in U.S. segments if demand stays high 3.
- Expanding Eco-Pan and cross-selling it to pumping customers could lift revenue without entering new markets 1.
- Strategic acquisitions such as Templant could diversify services within existing geographic markets 2.
Risks
- Construction cyclicalityhigh
The company's activity depends on construction spending, and an economic slowdown could weigh on revenue and operating results 1.
- Indebtednesshigh
Debt outstanding is significant, and interest costs could limit the ability to invest in the fleet or pay dividends 23.
- Supplier dependencemedium
The company relies on a small group of equipment manufacturers, and disruption in those relationships could affect operations 1.
- Fuel costsmedium
Fuel inflation already reduced margins in the third quarter of fiscal 2026 and could continue if prices stay high 3.
- Goodwill impairmentlow
Remaining goodwill could be impaired if acquired businesses underperform expectations 1.
Investment thesis
What would need to be true (bull case)
- Revenue and adjusted EBITDA growth in the third quarter of fiscal 2026, together with a raised outlook, shows the business can grow even while construction remains weak 23.
- A leading national position in pumping and waste management, with an estimated regional share, could support long-term earnings 1.
- Initiating a quarterly dividend and extending the buyback could reflect management's confidence in cash generation 23.
What would break the thesis
- Revenue fell in fiscal 2025, and recovery depends on light commercial and residential demand, which management says will not recover meaningfully this year 13.
- Significant debt and higher borrowing costs after refinancing could limit financial flexibility, especially if interest rates stay high 1.
- Part of the 2026 quarterly growth came from an acquisition and steadier weather, and these factors may not persist 3.
What to watch
- Delivery against the fiscal 2026 revenue and adjusted EBITDA outlooknext 10-K
- Gross margin trend as fuel cost inflation persistsQ4 2026
- Leverage ratio and debt level after the first dividend paymentQ4 2026
- Effect of accelerated investment for 2027 emissions standards on free cash flow2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
The business model combines operated pumping services billed on a time and volume basis with a fixed-fee model at Eco-Pan that covers delivery and pickup of washout pans, disposal and a set period of use 1. The company states it does not take ownership of the concrete it pumps, which limits inventory and product liability exposure 1. Pumping equipment is sourced mainly from three manufacturers, and the company says it is the largest consumer of concrete pumping supplies in the industry 1.
In the third quarter of fiscal 2026 the company initiated a quarterly cash dividend of 0.13 USD per share, extended its share repurchase program to November 30, 2028, and acquired Templant Hire Limited in April 2026, adding temporary power solutions in the U.K. 23. Debt outstanding was 425.0 million USD at July 31, 2026, and the leverage ratio fell to 3.6x 3.
Market context
The company estimates it holds about 17% of the U.S. concrete pumping market and about 30% of the U.K. market, based on fleet size 1. The U.S. industry is highly fragmented, with roughly 1,000 participants, most running between five and ten pumps, and management says no other company has a national presence 1. Management also said demand for light commercial and residential construction remains weak, while large projects benefit from investment in data centers and infrastructure 3.
The fiscal 2026 outlook assumes light commercial and residential construction will not meaningfully recover this year 3. If those segments recover faster than management expects, the outlook could be revised upward again, while if U.S. emissions rules raise equipment costs, accelerated investment could pressure margins 23.
Trends
- Data center and infrastructure investmenttailwind
Management links the third-quarter fiscal 2026 revenue growth to stronger demand for commercial and infrastructure projects, including data centers 3. If that demand holds, it could support growth in the U.S. pumping and waste management segments.
- Weakness in light commercial and residential constructionheadwind
The company says residential and light commercial construction remain weak because of high interest rates and economic uncertainty, and this contributed to lower volumes in fiscal 2025 13.
Competitive position
The concrete pumping industry is highly competitive and fragmented, with larger regional companies and small independent businesses, and in each geographic market the company typically competes with one or two others capable of complex projects 1. In waste management, competitors are mainly local operators with few pans, and the company says there is only one competitor at national level 1.
Competition is based on quality and breadth of service, reliability, price, and the size and age of the fleet, and the company notes its fleet age has risen in recent years 1. The company says it is not aware of any equivalent competitor in waste management in the U.K. 1.
- Regional concrete pumping operators
Larger regional companies that can run complex projects in one geographic market are the main competitors the company describes 1.
- Independent local operators
Small businesses with limited fleets compete mainly on price and proximity, and there are many of them in the U.S. industry 1.
- National competitor in waste management
The company estimates there is only one competitor at national level in U.S. concrete washout, without naming it 1.
- U.K. pumping operators
The company compares its U.K. position with other local operators, and no named competitor is identified in the sources reviewed 1.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
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News & filings
In the press
- Concrete Pumping (BBCP) Raised Outlook and Initiated a Dividend After Revenue Growth. Can Infrastructure Demand Fund Returns and Deleveraging?Yahoo Finance — News · 04 Sept 2026 · EN
- Concrete Pumping Holdings, Inc. Q3 2026 Earnings Call SummaryYahoo Finance — News · 04 Sept 2026 · EN
- Concrete Pumping Shares Jump 17.4% After Q3 Results Beat Expectations and Guidance RaisedYahoo Finance — News · 04 Sept 2026 · EN
- Concrete Pumping Q3 Earnings Call HighlightsYahoo Finance — News · 03 Sept 2026 · EN
SEC filings
- Quarterly report03 Sept 2026
- Current report03 Sept 2026Results of operations · Other events · Financial statements and exhibits
- Quarterly report04 Jun 2026
- Current report04 Jun 2026Results of operations · Financial statements and exhibits
- Current report15 Apr 2026Shareholder vote · Financial statements and exhibits
- Current report01 Apr 2026Regulation FD disclosure · Financial statements and exhibits
- Quarterly report10 Mar 2026
- Current report10 Mar 2026Results of operations · Financial statements and exhibits
- Proxy statement25 Feb 2026
- Annual report13 Jan 2026
Sources
- [1] Form 10-K, fiscal year ended 2025-10-31 · SEC / Concrete Pumping Holdings, Inc. · 13 Jan 2026
- [2] Form 10-Q, quarter ended 2026-07-31 · SEC / Concrete Pumping Holdings, Inc. · 03 Sept 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / Concrete Pumping Holdings, Inc. · 03 Sept 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.