crete Pumping (US:BBCP) Globenewswire·2026-01-13 21:05Core 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].