NASDAQ: BBCP INVESTOR PRESENTATION | March 2026 Disclaimer Forward-Looking Statements This investor presentation includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. The Company's actual results may differ from expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "for ...

Core Insights - Concrete Pumping Holdings, Inc. reported a 5% increase in revenue to $90.6 million for the first quarter of fiscal year 2026, driven by growth in U.S. Concrete Pumping operations and favorable market conditions [4][7][10] - Adjusted EBITDA rose by 6% to $18.0 million, with an Adjusted EBITDA margin of 19.9% compared to 19.7% in the prior year [8][13] - The company experienced a net loss of $2.4 million, an improvement from a net loss of $2.6 million in the same quarter last year [6][8] Financial Performance - Revenue increased to $90.6 million from $86.4 million year-over-year, primarily due to higher U.S. Concrete Pumping revenue [4][7] - Gross profit rose 2% to $32.0 million, but gross margin declined by 80 basis points to 35.3% due to increased insurance and maintenance costs [5][7] - Income from operations increased by 29% to $4.5 million compared to $3.5 million in the prior year [7] Segment Performance - U.S. Concrete Pumping revenue increased by 5% to $59.9 million, supported by improved project volumes and pricing [10][37] - U.S. Concrete Waste Management Services saw an 8% revenue increase to $18.1 million, with net income rising to $0.7 million [11][38] - U.K. Operations reported a revenue decline to $12.5 million, down 2.3% year-over-year, attributed to a slowdown in commercial construction demand [12][38] Liquidity and Debt - As of January 31, 2026, the company had $425.0 million in debt and net debt of $372.0 million, with total available liquidity of $350.3 million [9][44] - The leverage ratio at the end of the quarter was 3.8x, indicating the company's ability to service its debt [7][25] Outlook - The company expects fiscal year 2026 revenue to range between $390.0 million to $410.0 million and Adjusted EBITDA to be between $90.0 million to $100.0 million [13][14] - The company plans to accelerate approximately $22.0 million in capital equipment investments into fiscal year 2026 due to upcoming emissions regulations [14][15]

Core Viewpoint - Concrete Pumping Holdings, Inc. (CPH) will hold a conference call on March 10, 2026, to discuss its financial results for the first quarter ended January 31, 2026 [1][2]. Company Overview - CPH is a leading provider of concrete pumping and waste management services in the U.S. and U.K., operating under established national brands: Brundage-Bone in the U.S., Camfaud in the U.K., and Eco-Pan for waste management in both regions [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 22 operating locations in the U.S. and one in the U.K. for route-based concrete waste management services [3]. 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 5:00 p.m. Eastern Time, with dial-in numbers provided for both toll-free and international participants [2]. - A live broadcast of the conference call will be available, and a replay will be accessible from 8:00 p.m. Eastern Time on the same day through March 17, 2026 [3].

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].

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]

Business Overview - Concrete Pumping Holdings (CPH) is a market leader in concrete pumping services in the US and UK, and a leading concrete waste management service provider in the US[8, 12] - CPH's business model is low risk, as it does not purchase, transport, or own concrete, and invoices daily for its services[17] - CPH's competitive advantages include a wide range of equipment, availability, technical expertise, and reliability[19] Financial Performance - TTM Q3'25 Revenue is $396 million[8] - TTM Q3'25 Adjusted EBITDA is $100 million, with a 253% margin[8] - TTM Q3'25 Free Cash Flow is $58 million[8] Growth Strategy - CPH aims to capture greater market share, optimize pricing and utilization, expand Eco-Pan services, pursue acquisitions, and explore greenfield opportunities[25] - The total US market opportunity for Eco-Pan is estimated at over $850 million, with FY24 revenue at $71 million, representing approximately 8% penetration[27] Financial Outlook and Valuation - FY 2025 Revenue outlook is $380-$390 million, and Adjusted EBITDA outlook is $95-$100 million[71] - FY 2025 Free Cash Flow outlook is approximately $45 million, implying a 12% yield to the current equity value of $380 million[71, 72] - The company's net debt is approximately $384 million, with a leverage ratio of 38x[81, 86]

Core Viewpoint - Concrete Pumping Holdings, Inc. reported a decline in revenue and net income for the third quarter of fiscal year 2025, primarily due to ongoing deferrals in commercial construction demand and softness in residential construction, exacerbated by high interest rates and adverse weather conditions [4][6][9]. Financial Results - Revenue for Q3 FY 2025 was $103.7 million, down from $109.6 million in Q3 FY 2024, representing a decrease of 5.4% [4][10]. - Gross profit decreased to $40.4 million from $44.5 million, with a gross margin decline of 160 basis points to 39.0% [5][10]. - Net income fell to $3.7 million, compared to $7.6 million in the prior year, with net income attributable to common shareholders at $3.3 million, or $0.07 per diluted share [6][10]. - Adjusted EBITDA was $26.8 million, down from $31.6 million, with an adjusted EBITDA margin of 25.8%, compared to 28.8% in the prior year [7][10]. Segment Performance - U.S. Concrete Pumping revenue was $69.3 million, a decrease of 7.9% from $75.2 million in the prior year, with net income dropping to $1.6 million from $5.0 million [9][34]. - U.S. Concrete Waste Management Services saw a revenue increase of 4% to $19.3 million, driven by organic volume growth and pricing improvements [11][34]. - U.K. Operations revenue decreased to $15.1 million from $15.9 million, with a 10% decline when excluding foreign currency translation effects [12][34]. Liquidity and Debt - As of July 31, 2025, the company had outstanding debt of $425.0 million and net debt of $384.0 million, with total available liquidity of $358.0 million [8][10]. Fiscal Year 2025 Outlook - The company expects FY 2025 revenue to range between $380.0 million to $390.0 million, with adjusted EBITDA projected between $95.0 million to $100.0 million, and free cash flow around $45.0 million [13].

Core Viewpoint - Concrete Pumping Holdings, Inc. (CPH) will hold a conference call on September 4, 2025, to discuss its financial results for the third quarter ended July 31, 2025 [1][2] Company Overview - CPH is a leading provider of concrete pumping and waste management services in the U.S. and U.K., operating under established national brands: Brundage-Bone in the U.S., Camfaud in the U.K., and Eco-Pan for waste management [3] - The company operates approximately 90 branch locations across 22 states in the U.S. and 35 branch locations in the U.K. for concrete pumping services, along with 21 operating locations in the U.S. and one in the U.K. for route-based concrete waste management services [3] Conference Call Details - The conference call will be hosted by CEO Bruce Young and CFO Iain Humphries, followed by a Q&A session [2] - Participants can join the call using the toll-free number 1-877-407-9039 or the international number 1-201-689-8470, with a conference ID of 13755065 [2] - A live broadcast of the conference call will be available, and a replay will be accessible after 8:00 p.m. Eastern Time on the same day through September 11, 2025 [3]

Group 1 - Acadia Healthcare Company, Inc. (ACHC) has been added to the Zacks Rank 5 (Strong Sell) List due to a 1.5% downward revision in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - Bausch + Lomb Corporation (BLCO) is also on the Zacks Rank 5 (Strong Sell) List, with a 6% downward revision in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - Concrete Pumping Holdings, Inc. (BBCP) has seen a significant 70.8% downward revision in the Zacks Consensus Estimate for its current year earnings over the last 60 days, leading to its inclusion in the Zacks Rank 5 (Strong Sell) List [2]

Financial Data and Key Metrics Changes - Revenue for the second quarter was $94 million, down from $107.1 million in the prior year quarter, primarily due to a decline in the U.S. Concrete Pumping segment [10][11] - Gross margin declined by 50 basis points to 38.5% compared to 39% in the same year ago quarter [12] - Net loss available to common shareholders was $400,000 or $0.01 per diluted share, compared to net income of $2.6 million or $0.05 per diluted share in the prior year quarter [13] - Consolidated adjusted EBITDA was $22.5 million, down from $27.5 million in the same year ago quarter, with an adjusted EBITDA margin of 23.9% compared to 25.7% in the prior year quarter [13][14] Business Line Data and Key Metrics Changes - U.S. Concrete Pumping segment revenue was $62.1 million, down from $74.6 million in the prior year quarter, with adverse weather impacting revenue by approximately $3 million to $4 million [10][11] - U.K. operations revenue was $13.8 million, down from $15.5 million in the same year ago quarter, due to lower volumes from a slowdown in commercial construction [11] - U.S. Concrete Waste Management Services revenue increased by 7% to $18.1 million, driven by increased pan pickup volumes and improved pricing [12][14] Market Data and Key Metrics Changes - The commercial end market is experiencing construction softness, particularly in interest rate-sensitive areas, while residential markets in certain regions remain resilient [6][8] - Infrastructure end markets continue to grow, with strong performance in the U.K. and the U.S., supported by funding from the Infrastructure Investment and Jobs Act [9][10] Company Strategy and Development Direction - The company is focused on capital allocation, cost discipline, fleet optimization, and strategic pricing to navigate the challenging construction environment [4][5] - The company plans to continue investments in fleet and strategic acquisitions when the timing is right, while maintaining a strong balance sheet [20] Management's Comments on Operating Environment and Future Outlook - Management noted that higher interest rates and macroeconomic uncertainty are delaying commercial project starts, with expectations for a market recovery pushed to 2026 at the earliest [17][19] - The company remains optimistic about the infrastructure market, expecting continued growth due to strong project backlogs and funding availability [26][30] Other Important Information - The company repurchased approximately 1 million shares for $6 million during the second quarter, with an additional $15 million authorized for the share buyback plan [16] - The adjusted EBITDA guidance for fiscal year 2025 is expected to range between $95 million and $100 million, with revenue projected between $380 million and $390 million [17] Q&A Session Summary Question: Clarification on guidance regarding construction market recovery - Management confirmed that the expectation of no meaningful recovery pertains to both commercial and residential construction, with optimism for recovery in the commercial market once tariff discussions settle [22][24] Question: Visibility into the infrastructure market - Management indicated strong growth across nearly all segments of infrastructure, including roads, bridges, and airport construction, with expectations for continued strength in both the U.S. and U.K. [25][26] Question: Project delays and customer feedback - Management noted that project delays are primarily due to tariffs and uncertainty, but customers have strong backlogs for the next year, indicating optimism for future project starts [29][30]