DENVER, May 27, 2025 (GLOBE NEWSWIRE) -- Concrete Pumping Holdings, Inc. (Nasdaq: BBCP) (“CPH” or the “Company”), a leading provider of concrete pumping and waste management services in the U.S. and U.K., will hold a conference call on Thursday, June 5, 2025, at 5:00 p.m. Eastern Time to discuss its financial results for the second quarter ended April 30, 2025. The Company will report its financial results in a press release prior to the conference call. CPH’s CEO Bruce Young and CFO Iain Humphries will hos ...

Industry Overview - The Zacks Building Products - Concrete & Aggregates industry is experiencing cautious optimism in 2025, primarily driven by public sector demand supported by the Infrastructure Investment and Jobs Act (IIJA) [1] - The residential and private nonresidential sectors are facing challenges due to high interest rates and affordability issues, while the industrial segment, particularly data center and warehouse construction, is stabilizing [1][3] - Companies like Vulcan Materials Company and Martin Marietta Materials are leveraging favorable trends to navigate uncertainties in the macroeconomic landscape, weather-related issues, and increased labor costs [1] Trends Influencing the Industry - The Infrastructure Investment and Jobs Act, along with other legislative measures, signifies a strong commitment to revitalizing American infrastructure, which is expected to provide a solid foundation for growth in construction companies [3] - The industry is focusing on acquisitions and operational efficiency to enhance domestic and international portfolios while maximizing earnings and cash flows [4] - Industry players are facing challenges from fluctuating input prices, weather-related risks, and a shortage of skilled labor, which can impact production schedules and profitability [5] Industry Performance and Valuation - The Zacks Building Products - Concrete & Aggregates industry ranks 96, placing it in the top 39% of over 250 Zacks industries, indicating solid near-term prospects [6][7] - The industry's earnings estimates for 2025 have increased from $2.08 to $2.23 per share, reflecting growing confidence in earnings growth potential [8] - Over the past year, the industry has underperformed the S&P 500 and the broader construction sector, with a collective loss of 7.6% compared to a 10.8% gain in the S&P 500 [10] Current Valuation Metrics - The industry is currently trading at a forward 12-month price-to-earnings (P/E) ratio of 21.4X, slightly below the S&P 500's 21.59X and above the sector's 18.17X [13] - Historically, the industry has traded between a high of 24.39X and a low of 13.86X over the past five years, with a median of 20.08X [13] Company Highlights - **Vulcan Materials Company**: Focuses on strategic initiatives to enhance price performance and operational efficiencies, with a 2025 EPS estimate of $8.63, reflecting a 14.6% growth from the previous year [17][18] - **Martin Marietta**: Capitalizes on strategic acquisitions and robust demand in public infrastructure, with a 2025 EPS estimate of $18.86, indicating a focus on optimizing its portfolio and enhancing margin-generation capabilities [21][22]

Group 1 - Concrete Pumping Holdings (NASDAQ: BBCP) is highlighted as a bullish investment opportunity within the concrete pumping services industry [1] - The company operates in a sector that is essential for construction and infrastructure projects, indicating potential for growth [1] Group 2 - The focus on cash flow generation is emphasized, suggesting that companies in the oil and natural gas sector, including Concrete Pumping Holdings, may have strong value and growth prospects [1]

Financial Data and Key Metrics Changes - The company reported revenue of $189 million for Q1 2025, reflecting a 17% increase compared to the previous year [14] - Adjusted EBITDA doubled to $8.2 million, with an adjusted EBITDA margin improving by 180 basis points to 4.3% [14][18] - Consolidated gross profit margin increased to $23 million, or 12.2% of revenue, up from 9.7% in the same period last year [14][15] Business Line Data and Key Metrics Changes - Marine revenue increased over 19%, while concrete revenue rose by 13% [14] - Adjusted EBITDA margin in the Marine segment was 8.6%, compared to 0.9% last year, while the Concrete segment's adjusted EBITDA margin was negative 4.4%, down from positive 5.7% in the prior year [18] - The company secured $350 million in new project wins, with $161 million in marine and $188 million in concrete [9] Market Data and Key Metrics Changes - The company has a backlog of $890 million, with $607 million related to the Marine segment and $232 million to the Concrete segment [20] - The company has seen no pullback in market opportunities, with a strong demand for data centers and concrete projects [11][12] Company Strategy and Development Direction - The company is focused on building a profitable backlog from a strong pipeline of opportunities, particularly in marine facilities, dredging, and data centers [9][10] - The management emphasized the importance of aligning with the current administration's agenda, which includes a focus on domestic industrial policy and defense spending [6][8] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, citing strong project wins and a solid start to 2025 [12][24] - The company expects revenue for the full year to be in the range of $800 million to $850 million, with adjusted EBITDA between $42 million and $46 million [24] Other Important Information - The company is consolidating its Houston area offices to improve operational efficiency [22][23] - The transition to new IT systems is expected to enhance project monitoring and management capabilities [21][22] Q&A Session Summary Question: What is the outlook for defense spending and shipbuilding? - Management expects awards to materialize late this year or early next year, with potential project sizes around $500 million [28][29] Question: What is the outlook for the concrete business for the rest of the year? - Management has not seen a slowdown in bidding activity and expects margins to improve as the year progresses [30][32] Question: How is the company positioned regarding input costs and tariffs? - The company has proactive strategies in place to mitigate tariff risks and expects to manage increasing input costs effectively [41][62] Question: What is the outlook for cash flow improvement? - Management anticipates continued improvement in cash flow as top-line revenue increases [60] Question: Is the balance sheet in a good position to support future projects? - The company has sufficient capacity on its revolving credit facility and is in constant dialogue with financing partners [53]

Financial Data and Key Metrics Changes - The company reported revenue of $189 million for the first quarter of 2025, reflecting an increase of over 17% compared to the previous year [16] - Adjusted EBITDA doubled to $8.2 million, with an adjusted EBITDA margin improving by 180 basis points to 4.3% [18][19] - Consolidated gross profit margin increased to $23 million, or 12.2% of revenue, up from 9.7% in the same period last year [16][18] Business Line Data and Key Metrics Changes - Marine revenue increased by over 19%, while concrete revenue rose by 13% [16] - Adjusted EBITDA margin in the Marine segment was 8.6%, compared to 0.9% last year, while the Concrete segment's adjusted EBITDA margin was negative 4.4%, down from positive 5.7% in the prior year [19] Market Data and Key Metrics Changes - The company secured nearly $350 million in new project wins, with $161 million in marine and $188 million in concrete projects [11] - The backlog plus awarded work reached $890 million, with $607 million related to the Marine segment and $232 million to the Concrete segment [21] Company Strategy and Development Direction - The company is focused on building a profitable backlog from a strong pipeline of opportunities, particularly in marine facilities, dredging, bridges, and data centers [11][12] - The management emphasized the importance of the current administration's policies, which are expected to provide tailwinds for the business, particularly in shipbuilding and defense [10][11] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, citing strong demand in the data center market and a lack of signs of a slowdown [13][14] - The company reiterated its full-year guidance for 2025, expecting revenue between $800 million and $850 million and adjusted EBITDA between $42 million and $46 million [25] Other Important Information - The company is transitioning to new IT systems to enhance operational efficiency and is consolidating its Houston area offices to reduce costs [22][24] - Cash flow from operations was negative $3.4 million, an improvement from negative $22.8 million in the prior year quarter [21][22] Q&A Session Summary Question: Outlook on defense spending and RFPs - Management expects awards related to defense spending to materialize late this year or early next year, with potential project sizes around $500 million [28][30] Question: Concrete business outlook - Management has not seen a slowdown in bidding activity and expects concrete margins to improve as the year progresses [31][33] Question: Input costs and pricing - Management anticipates increased costs for steel and other materials but plans to manage these risks through contingency measures [65] Question: Marine segment margins - The strong margins in the Marine segment are expected to continue, although they may fluctuate due to project mix [40][41] Question: Capital position for future projects - The company has sufficient capital capacity to support upcoming projects and is in discussions with financing partners for potential equipment acquisitions [56][57]

Enhancing Our Core, Expanding Our Reach 1Q 2025 SUPPLEMENTAL INFORMATION APRIL 30, 2025 Safe Harbor and Non-GAAP Financial Measures This presentation contains forward-looking statements. Statements that are not historical fact, including statements about Vulcan's beliefs and expectations, are forward-looking statements. Generally, these statements relate to future financial performance, results of operations, business plans or strategies, projected or anticipated revenues, expenses, earnings (including EBIT ...

Core Viewpoint - Vulcan Materials (VMC) reported quarterly earnings of $1 per share, exceeding the Zacks Consensus Estimate of $0.79 per share, and showing an earnings surprise of 26.58% [1][2] Financial Performance - The company posted revenues of $1.63 billion for the quarter ended March 2025, which was 2.56% below the Zacks Consensus Estimate, compared to $1.55 billion in the same quarter last year [2] - Over the last four quarters, Vulcan has surpassed consensus EPS estimates two times and topped consensus revenue estimates just once [2] Stock Performance - Vulcan shares have declined approximately 4.6% since the beginning of the year, while the S&P 500 has seen a decline of 5.5% [3] - The current Zacks Rank for Vulcan is 3 (Hold), indicating that shares are expected to perform in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $2.71 on revenues of $2.22 billion, and for the current fiscal year, it is $8.34 on revenues of $8.19 billion [7] - The estimate revisions trend for Vulcan is mixed, and changes in these estimates could occur following the recent earnings report [6] Industry Context - The Building Products - Concrete and Aggregates industry, to which Vulcan belongs, is currently ranked in the bottom 16% of over 250 Zacks industries, indicating potential challenges ahead [8]

Core Insights - Safe & Green Holdings Corp. has announced a new construction contract between its subsidiary SG Echo, LLC and Troy Vines, Inc. for rebuilding an overhead bin system at a plant in Odessa, Texas [1][2] - This contract marks a new business venture for SG Echo, facilitated by the recent acquisition of County Line Industrial, and highlights synergies with the Olenox business in the oil and gas sector [2][3] Company Overview - Safe & Green Holdings Corp. specializes in the development, design, and fabrication of modular structures, focusing on safe and green solutions across various industries [5] - Olenox Corp., a subsidiary, is an advanced energy company that focuses on oil and gas production and revitalizing distressed energy assets while minimizing environmental impact [4] Strategic Growth - The CEO of Safe & Green Holdings emphasized the benefits of the County Line acquisition, indicating ongoing opportunities for revenue expansion through construction and repair needs within and outside the oil and gas industry [3]

Group 1 - Vulcan Materials (VMC) shares increased by 5.8% to close at $239.53, supported by higher trading volume compared to normal sessions [1] - The stock's performance contrasts with a modest 0.8% gain over the past four weeks, indicating a significant short-term boost [1] - The surge in Vulcan's shares followed President Trump's announcement to suspend U.S. tariffs on most countries for 90 days, which has renewed investor optimism [1] Group 2 - Vulcan is expected to report quarterly earnings of $0.80 per share, unchanged from the same quarter last year, with revenues projected at $1.69 billion, reflecting a 9.3% increase year-over-year [2] - The consensus EPS estimate for Vulcan has been revised 1.7% lower in the last 30 days, suggesting a negative trend in earnings estimate revisions, which typically does not lead to price appreciation [3] - Vulcan currently holds a Zacks Rank of 3 (Hold), indicating a neutral outlook compared to other stocks in the same industry [3] Group 3 - Vulcan is part of the Zacks Building Products - Concrete and Aggregates industry, which includes other companies like Pacasmayo (CPAC) [3] - Pacasmayo's consensus EPS estimate remains at $0.14, representing a 12.5% decrease compared to the previous year, and it currently has a Zacks Rank of 4 (Sell) [4]

Financial Data and Key Metrics Changes - Revenue for Q1 2025 was $86.4 million, down from $97.7 million in Q1 2024, primarily due to a decline in the U.S. Concrete Pumping segment and severe winter weather [13][14] - Gross margin increased by 200 basis points to 36.1% compared to 34.1% in the prior year quarter, driven by cost control initiatives [16] - Net loss available to common shareholders was $3.1 million or $0.06 per diluted share, an improvement from a net loss of $4.3 million or $0.08 per diluted share in the prior year [17] - Adjusted EBITDA for Q1 2025 was $17 million, down from $19.3 million in the same year-ago quarter, but the adjusted EBITDA margin remained unchanged at 19.7% [18] Business Line Data and Key Metrics Changes - U.S. Concrete Pumping segment revenue decreased to $56.9 million from $66.7 million due to a slowdown in commercial construction and weather impacts [14] - UK operations revenue was $12.8 million, down from $15.4 million, attributed to lower volumes from commercial construction [15] - U.S. Concrete Waste Management Services segment revenue increased by 7% to $16.7 million, driven by increased volumes and improved pricing [15] Market Data and Key Metrics Changes - The commercial end market experienced construction softness, particularly in light commercial and warehouse sectors, while larger projects remained durable but slower [9] - The residential end market showed resilience, with 33% of total revenue coming from residential concrete pumping work [10] - Infrastructure market revenue share grew slightly year-over-year, with expectations for continued growth in fiscal 2025 [11] Company Strategy and Development Direction - The company is focused on disciplined fleet management and cost control to enhance gross margins and sustain adjusted EBITDA margins [8] - A flexible capital investment strategy is in place to prepare for market recovery in fiscal 2025 and beyond [8] - The company is exploring M&A opportunities as the market improves, indicating a shift in capital allocation priorities [48] Management's Comments on Operating Environment and Future Outlook - Management noted that higher interest rates and extreme weather conditions negatively impacted revenue, estimating a $5 million revenue loss due to weather in Q1 [6][7] - The company expects a recovery in commercial market demand and is optimistic about the impact of improved weather patterns [29] - Full-year revenue guidance was adjusted to a range of $400 million to $420 million, with adjusted EBITDA expected between $105 million and $115 million [25] Other Important Information - Total debt outstanding was $425 million, with net debt of $340 million, reflecting a decrease of $33 million over the year [20] - The company successfully closed a private offering of $425 million in senior secured second lien notes, which were used for debt redemption and a special dividend of $1 per share [21][22] - Approximately 296,000 shares were repurchased for $1.9 million during the first quarter, with a total of $20 million repurchased since the buyback was initiated [23] Q&A Session Summary Question: Revenue guidance reduction - Management indicated that the revenue guidance was adjusted due to both the shortfall in Q1 and a broader assessment of the entire fiscal year [36] Question: Weather-related disruptions - Management confirmed that weather-related disruptions were more severe than in the previous year, impacting volume significantly [41] Question: Capital allocation priorities - Management emphasized a commitment to maintaining a disciplined approach to capital allocation, including debt reduction and potential M&A opportunities [47][48] Question: Eco-Pan segment performance - The Eco-Pan segment faced similar weather challenges but benefited from a broader market share [52] Question: Equipment capacity and pricing dynamics - Management acknowledged a surplus of equipment in the market, primarily affecting residential and light commercial sectors [55] Question: Future CapEx expectations - Management indicated that there would not be significant changes in capital expenditures, as current fleet capacity is sufficient for expected volumes [58] Question: Margin dynamics - Management explained that effective control over variable costs, including labor and fuel, helped maintain margins despite lower volumes [66] Question: Concrete Waste Management Services growth - Management noted that growth in the Eco-Pan segment was impacted by weather, and pricing improvements were modest [68]