Financial Performance - Revenue for Q4 FY 2025 was $108.8 million, a decrease of 2.4% from $111.5 million in Q4 FY 2024[5] - Gross profit for Q4 FY 2025 was $43.3 million, down from $46.2 million, with a gross margin decline of 170 basis points to 39.8%[7] - Net income for Q4 FY 2025 was $5.3 million, compared to $9.4 million in the prior year quarter, resulting in diluted earnings per share of $0.09 versus $0.16[8] - Adjusted EBITDA for Q4 FY 2025 was $30.7 million, down from $33.7 million, with an adjusted EBITDA margin of 28.2% compared to 30.2%[9] - For FY 2025, revenue was $392.9 million, a decrease of 7.8% from $425.9 million in FY 2024[10] - Net income for FY 2025 was $6.4 million, down from $16.2 million in FY 2024, with diluted earnings per share of $0.09 compared to $0.26[12] - Revenue for the three months ended October 31, 2025, was $108.8 million, a decrease of 2.3% from $111.5 million in the same period of 2024[38] - Net income for the year ended October 31, 2025, was $6.4 million, compared to $16.2 million in 2024, reflecting a decline of 60.5%[39] - Total revenue for the three months ended October 31, 2025, was $108,787, a decrease of $2,696 or 2.4% compared to $111,483 in the same period of 2024[40] - Consolidated net income for the three months ended October 31, 2025, was $5,317, compared to $9,427 for the same period in 2024, representing a decrease of 43.5%[48] Liquidity and Capital Expenditures - Total available liquidity at the end of Q4 FY 2025 was $359.5 million, down from $378.0 million a year ago[5] - The company plans to accelerate approximately $22.0 million of capital equipment investments into FY 2026 due to upcoming stricter emissions laws[21] - Capital expenditures for Q1 2025 included approximately $2 million for growth investments[46] - Capital expenditures for Q2 2025 included approximately $2 million for growth investments[47] Segment Performance - U.S. Concrete Waste Management Services revenue increased 8% in Q4 FY 2025 to $21.3 million, driven by organic volume growth and pricing improvements[16] - U.S. Concrete Pumping segment revenue decreased by $2,343 or 3.1% to $72,161 for the three months ended October 31, 2025, compared to $74,504 in 2024[40] - U.S. Concrete Waste Management Services segment revenue increased by $1,492 or 7.5% to $21,329 for the three months ended October 31, 2025, compared to $19,837 in 2024[40] - U.K. Operations segment revenue decreased by $1,845 or 10.8% to $15,297 for the three months ended October 31, 2025, compared to $17,142 in 2024[40] - U.S. Concrete Waste Management Services segment net income increased by $393 or 7.2% to $5,853 for the year ended October 31, 2025, compared to $5,460 in 2024[44] - U.S. Concrete Pumping segment reported a net income of $1,131 for the three months ended October 31, 2025, compared to $3,778 in 2024, a decrease of 70.0%[48] - U.S. Concrete Waste Management Services segment achieved a net income of $3,037 for the three months ended October 31, 2025, slightly down from $3,932 in 2024, a decrease of 22.8%[49] - U.K. Operations reported a net income of $1,154 for the three months ended October 31, 2025, compared to $1,720 in 2024, a decrease of 32.9%[49] Debt and Interest - Total net debt as of October 31, 2025, was $380,606, a decrease from $387,212 as of April 30, 2025[50] - The company incurred interest expense of $8,200 for the three months ended October 31, 2025, compared to $5,976 in the same period of 2024, an increase of 37.0%[48] - Net debt as of October 31, 2025, was calculated as total debt obligations less cash, providing insight into the company's leverage[31] - The leverage ratio, defined as net debt to Adjusted EBITDA, is a standard measurement used by investors to assess creditworthiness[32] Other Financial Metrics - Adjusted EBITDA for the year ended October 31, 2025, was not explicitly stated but is a key measure for evaluating ongoing operating results[30] - Free cash flow for the year ended October 31, 2025, is defined as Adjusted EBITDA less net maintenance capital expenditures and cash paid for interest[33] - Total current assets increased slightly to $113.4 million as of October 31, 2025, compared to $112.4 million in 2024[37] - Total liabilities increased to $589.8 million as of October 31, 2025, from $551.3 million in 2024[37] - The company reported a decrease in accumulated deficit to $(85.0) million as of October 31, 2025, compared to $(38.2) million in 2024[37] - Depreciation and amortization for the year ended October 31, 2025, was $53,543, down from $57,110 in 2024, a decrease of 6.5%[48] - The company reported a loss on debt extinguishment of $1,392 for the year ended October 31, 2025[48] - Other adjustments for the year ended October 31, 2025, included a non-recurring charge related to sales tax litigation amounting to $3.5 million[51]

Core Viewpoint - Concrete Pumping Holdings, Inc. reported a decline in revenue and net income for both the fourth quarter and the full fiscal year 2025, primarily due to a slowdown in residential and commercial construction demand amid high interest rates and macroeconomic challenges [5][10][12]. Financial Results Summary - **Fourth Quarter Fiscal Year 2025**: - Revenue was $108.8 million, down from $111.5 million in the same quarter of fiscal year 2024, a decrease of 2.4% [5][6]. - Gross profit decreased to $43.3 million from $46.2 million, with a gross margin decline to 39.8% from 41.5% [6][7]. - Net income was $5.3 million, down from $9.4 million, resulting in diluted earnings per share of $0.09 compared to $0.16 [8][12]. - Adjusted EBITDA was $30.7 million, down from $33.7 million, with an adjusted EBITDA margin of 28.2% compared to 30.2% [9]. - **Fiscal Year 2025**: - Total revenue was $392.9 million, a decrease from $425.9 million in fiscal year 2024, representing a decline of 7.7% [10][12]. - Gross profit for the year was $151.1 million, down from $165.8 million, with a gross margin of 38.5% compared to 38.9% [10][11]. - Net income for the year was $6.4 million, down from $16.2 million, with diluted earnings per share of $0.09 compared to $0.26 [12]. - Adjusted EBITDA for the year was $97.0 million, down from $112.1 million, with an adjusted EBITDA margin of 24.7% compared to 26.3% [12]. Segment Performance - **U.S. Concrete Pumping**: - Fourth quarter revenue was $72.2 million, down from $74.5 million, with net income decreasing to $1.1 million from $3.8 million [14]. - Fiscal year revenue was $260.5 million, down from $291.0 million, resulting in a net loss of $1.9 million compared to a net income of $6.5 million [15]. - **U.S. Concrete Waste Management Services**: - Fourth quarter revenue increased by 8% to $21.3 million, with net income of $3.0 million compared to $3.9 million in the prior year [16]. - Fiscal year revenue increased by 6% to $75.4 million, with net income rising to $5.9 million from $5.5 million [18]. - **U.K. Operations**: - Fourth quarter revenue was $15.3 million, down from $17.1 million, with net income decreasing to $1.2 million from $1.7 million [19]. - Fiscal year revenue was $57.0 million, down from $64.0 million, with net income of $2.4 million compared to $4.2 million [20]. Management Commentary - The CEO highlighted the company's resilience and adaptability in a challenging macroeconomic environment, emphasizing the importance of cost management and operational flexibility [4]. The company aims to generate strong free cash flow and is considering selective share repurchases or targeted acquisitions for future growth [4]. Liquidity and Capital Expenditures - As of October 31, 2025, the company had $425.0 million in debt, with net debt of $380.6 million and total available liquidity of $359.5 million [13]. - The company plans to accelerate approximately $22.0 million in capital equipment investments into fiscal year 2026 due to upcoming stricter emissions laws [22][23]. Fiscal Year 2026 Outlook - The company expects fiscal year 2026 revenue to range between $390.0 million to $410.0 million, with adjusted EBITDA projected between $90.0 million to $100.0 million, and free cash flow to be at least $40.0 million [21].

Group 1: Earnings Results - Concrete Pumping Holdings, Inc. is set to release its fourth-quarter earnings results on January 13, 2025, after the market closes [1] - Analysts predict the company will report earnings of 9 cents per share, a decrease from 17 cents per share in the same quarter last year [1] - The consensus estimate for quarterly revenue is $103.3 million, down from $111.48 million a year earlier [1] Group 2: Recent Acquisition - On November 11, Concrete Pumping completed the acquisition of C.G.A. Concrete Pumping Ltd., located in Cork, Republic of Ireland [2] - Following the acquisition, shares of Concrete Pumping increased by 2.2%, closing at $7.08 [2] Group 3: Analyst Ratings - DA Davidson analyst Brent Thielman maintained a Buy rating and raised the price target from $8 to $8.5 on September 8, 2025, with an accuracy rate of 82% [3] - Baird analyst Andrew Wittmann maintained a Neutral rating and increased the price target from $6 to $6.5 on September 5, 2025, with an accuracy rate of 75% [3]

Group 1 - Concrete Pumping Holdings, Inc. is set to release its fourth-quarter earnings results on January 13, 2025, with analysts expecting earnings of 9 cents per share, a decrease from 17 cents per share in the same period last year [1] - The consensus estimate for quarterly revenue is $103.3 million, which represents a decline from $111.48 million a year earlier [1] - On November 11, Concrete Pumping completed the acquisition of C.G.A. Concrete Pumping Ltd., based in Cork, Republic of Ireland [2] Group 2 - Following the acquisition, shares of Concrete Pumping increased by 2.2%, closing at $7.08 [2] - DA Davidson analyst Brent Thielman maintained a Buy rating and raised the price target from $8 to $8.5 on September 8, 2025, with an accuracy rate of 82% [3] - Baird analyst Andrew Wittmann maintained a Neutral rating and increased the price target from $6 to $6.5 on September 5, 2025, with an accuracy rate of 75% [3]

Core Viewpoint - Concrete Pumping Holdings, Inc. (CPH) will hold a conference call on January 13, 2026, to discuss its financial results for Q4 and the fiscal year ending October 31, 2025 [1]. Group 1: Conference Call Details - The conference call will be hosted by CEO Bruce Young and CFO Iain Humphries, followed by a Q&A session [2]. - The call is scheduled for January 13, 2026, at 5:00 p.m. Eastern Time, with a toll-free dial-in number of 1-877-407-9039 and an international number of 1-201-689-8470 [2]. - Participants are advised to call 5-10 minutes prior to the start time for registration [2]. Group 2: Replay Information - The conference call will be broadcast live and available for replay on the company's website after 8:00 p.m. Eastern Time on the same day, through January 20, 2026 [3]. - The toll-free replay number is 1-844-512-2921, and the international replay number is 1-412-317-6671 [3]. Group 3: Company Overview - Concrete Pumping Holdings is a leading provider of concrete pumping and waste management services in the U.S. and U.K., operating under established national brands such as Brundage-Bone, Camfaud, and Eco-Pan [3]. - The company operates approximately 95 branch locations across 23 states in the U.S. and 35 branch locations in the U.K. for concrete pumping services, along with 23 operating locations in the U.S. and one in the U.K. for waste management services [3].

Core Insights - Concrete Pumping Holdings, Inc. has completed the acquisition of C.G.A. Concrete Pumping Ltd., marking a significant step in its international expansion strategy [1][2] - The acquisition aligns with the company's ongoing investment strategy and is expected to enhance its geographic footprint and business growth [3][4] Company Overview - Concrete Pumping Holdings is a leading provider of concrete pumping and waste management services in the U.S. and U.K., operating under established national brands [5] - The company operates approximately 95 branch locations across 23 states in the U.S. and 35 branch locations in the U.K., along with route-based waste management services from 23 locations in the U.S. and one in the U.K. [5] Strategic Importance of Acquisition - The acquisition of CGA is seen as a successful example of the company's M&A strategy, with a valuation consistent with its proven acquisition criteria [3] - CGA is recognized for its quality service and technical expertise, which will enhance the company's service offerings and growth potential in Southern Ireland [4][5]

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Core Insights - Concrete Pumping (BBCP) reported quarterly earnings of $0.07 per share, exceeding the Zacks Consensus Estimate of $0.06 per share, but down from $0.13 per share a year ago, representing an earnings surprise of +16.67% [1] - The company posted revenues of $103.68 million for the quarter ended July 2025, surpassing the Zacks Consensus Estimate by 2.25%, but down from $109.62 million year-over-year [2] - The stock has underperformed the market with a gain of about 1.7% since the beginning of the year, compared to the S&P 500's gain of 9.6% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.08 on revenues of $102.2 million, and for the current fiscal year, it is $0.07 on revenues of $384 million [7] - The estimate revisions trend for Concrete Pumping was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] Industry Context - The Waste Removal Services industry, to which Concrete Pumping belongs, is currently ranked in the bottom 35% of over 250 Zacks industries, suggesting potential challenges for stock performance [8]

Financial Data and Key Metrics Changes - Revenue for the third quarter was $103.7 million, down from $109.6 million in the prior year quarter, primarily due to a volume decline in the U.S. concrete pumping segment [7][8] - Net income available to common shareholders decreased to $3.3 million, or $0.07 per diluted share, compared to $7.1 million, or $0.13 per diluted share in the prior year quarter [9] - Consolidated adjusted EBITDA was $26.8 million, down from $31.6 million in the same year-ago quarter, with an adjusted EBITDA margin of 25.8% compared to 28.8% [10] Business Line Data and Key Metrics Changes - Revenue in the U.S. concrete pumping segment was $69.3 million, down from $75.2 million in the prior year quarter, impacted by adverse weather [7][8] - U.S. concrete waste management services revenue increased 4% to $19.3 million, driven by robust can pickup volumes and sustained pricing improvement [8] - U.K. operations revenue was $15.1 million, down from $15.9 million in the same year-ago quarter due to lower volumes from a slowdown in commercial construction [8] Market Data and Key Metrics Changes - The U.S. concrete pumping business faced construction softness, particularly in interest rate-sensitive light commercial projects, while larger commercial projects remained durable but slower [4][5] - The U.K. market experienced heavier impacts from interest rates and economic uncertainty, although infrastructure projects like HS2 construction remained resilient [6] - The residential end market in the U.S. remained resilient, accounting for 32% of total revenue, supported by a structural supply-demand imbalance in housing [5] Company Strategy and Development Direction - The company remains committed to generating healthy free cash flow and maintaining flexibility for capital deployment to position for stronger performance as market conditions improve [4][12] - The focus is on disciplined growth strategy, maintaining commercial leadership, and driving efficiencies through operational excellence [13] - The company plans to continue investing in its fleet to strengthen service offerings in anticipation of a market recovery in fiscal 2026 and beyond [12] Management Comments on Operating Environment and Future Outlook - Management noted ongoing macroeconomic headwinds and localized weather disruptions but expressed confidence in the business model's resilience [4] - There is cautious optimism regarding bidding activity and infrastructure projects, with expectations for continued strength in the residential market [18][19] - The company does not anticipate meaningful near-term impacts from tariffs but noted heightened uncertainty affecting customer decision-making [14] Other Important Information - The company repurchased approximately 593,000 shares for $3.8 million during the third quarter, demonstrating commitment to enhancing shareholder value [11] - Full-year guidance remains unchanged, with expected revenue between $380 million and $390 million and adjusted EBITDA between $95 million and $100 million [12] Q&A Session Summary Question: Outlook for the fourth quarter and margin expectations - Management indicated that while revenues may be down, they expect margins to trend positively due to an extra day in the fourth quarter and improved volume [15][16] Question: Insights on recovery timing and backlog - Management noted increased bidding activity and resilience in residential markets, but emphasized uncertainty regarding the timing of recovery [17][18] Question: Pricing pressure in the U.S. business - Pricing pressure persists due to competitors targeting more complex projects, with expectations for this to continue for another six months [23] Question: Factors affecting U.S. pumping margins - Lower margins are attributed to volume changes and operating leverage, with expectations for recovery as volumes improve [24][25] Question: Weather-related impacts on revenue - Management clarified that the weather-related headwind for the current quarter was $2 million compared to a worse situation last year [31] Question: Geographic footprint and market exposure - The company feels confident about its current geographic footprint but is open to expanding into new areas for sizable projects [33]