Concrete Pumping Holdings, Inc. operates across both the United States and the United Kingdom, specializing in concrete pumping and comprehensive waste management ...
Concrete Pumping Holdings, Inc. (BBCP) is a prominent player in the construction industry, specializing in concrete pumping and waste management. Founded in 1983 and headquartered in Thornton, Colorado, the company operates across the United States and the United Kingdom, providing essential services to general contractors and concrete finishing companies. Its ...Concrete Pumping Holdings, Inc. (BBCP) is a prominent player in the construction industry, specializing in concrete pumping and waste management. Founded in 1983 and headquartered in Thornton, Colorado, the company operates across the United States and the United Kingdom, providing essential services to general contractors and concrete finishing companies. Its fleet, as of October 31, 2021, includes approximately 820 boom pumps, 70 placing booms, 20 telebelts, 250 stationary pumps, and 90 waste management trucks. The company generates revenue through concrete pumping services, equipment rental, and waste management solutions. Financially, BBCP has a market cap of about $491 million and an enterprise value of $895 million, with a gross profit margin of 38.3% and an EBITDA margin of 24.5%. The company faces a high debt-to-equity ratio of 1.54 but maintains a current ratio of 1.73. Key personnel include CEO Bruce F. Young, who has been with the company since 1985. BBCP aims to expand its footprint and maintain its leading position in the concrete pumping industry, focusing on operational efficiency and strategic acquisitions. Its long-term strategy includes enhancing shareholder value through consistent performance and capital allocation.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$392.9M
-7.7%
+17.9%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$6.4M
-60.7%
+204.3%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+38.5%
-1.2%
+9.5%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
+10.6%
-8.8%
+127.0%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
+1.6%
-57.4%
+188.5%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$17.5M
-59.3%
-116.6%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
+4.5%
-55.9%
-114.1%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
152.3%
+22.6%
+0.3%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
2.17x
+8.7%
-11.6%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
Operator: Good afternoon, everyone, and thank you for participating in today's conference call to discuss Concrete Pumping Holdings' financial results for the second quarter ended April 30, 2026. Joining us today are Concrete Pumping Holdings' CEO, Bruce Young; CFO, Iain Humphries; and the company's External Director of Investor Relations, Cody Slach. Before we go further, I would like to turn the call over to Mr. Slach to read the company's safe harbor statement within the meaning of the Private Securities Litigation Reform Act of 1995 that provides important cautions regarding forward-looking statements. Cody, please go ahead.
Cody Slach: Thank you. I'd like to remind everyone that during this call, to give you a better understanding of our operations, we will be making certain forward-looking statements regarding our business and outlook. These statements are subject to numerous risks and uncertainties that could cause actual results to differ materially from such statements. For information concerning these risks and uncertainties, see Concrete Pumping Holdings' annual report on Form 10-K, quarterly report on Form 10-Q and other publicly available filings with the SEC. The company disclaims any intention or obligation to update or revise any forward-looking statements, whether because of new information, future events or otherwise. On today's call, we will also reference certain non-GAAP financial measures, including adjusted EBITDA, net debt and free cash flow, which we believe provide useful information for investors. We provide further information about these non-GAAP financial measures and reconciliations to the comparable GAAP measures in our press release issued today or the investor presentation posted on the company's website. I'd like to remind everyone that this call will be available for replay later this evening. A webcast replay will also be available via the link provided in today's press release as well as on the company's website. Additionally, we have posted an updated investor presentation to the company's website. Now I'd like to turn the call over to the CEO of Concrete Pumping Holdings, Bruce Young. Bruce?
Bruce Young: Thank you, Cody, and good afternoon, everyone. We were pleased with our strong second quarter with revenue increasing 14% year-over-year and adjusted EBITDA growing 17%, driven by continued momentum across our U.S. operations, disciplined operational execution throughout the organization and favorable end market activity in several of our key geographies. This quarter was also highlighted by the early April closing on the Templant Hire acquisition in the U.K. Importantly, this acquisition represents an important step in executing our strategy to build a diversified multiservice platform supporting the construction and infrastructure sectors. Templant is a high-quality business with strong leadership, and we see clear opportunities to accelerate growth and provide long-term sustainable value for our …
