crete Pumping (US:BBCP)2020-03-12 19:53Business Overview - Concrete Pumping Holdings Inc (CPH) is the largest U S & U K concrete pumping service provider with a high-growth concrete waste management service (Eco-Pan)[9] - CPH's FY19 revenue pro forma for acquisitions was approximately $310 million[13] - CPH's FY19 adjusted EBITDA pro forma for acquisitions was approximately $109 million[13] Market Position and Growth - CPH holds a 13% market share in the U S concrete pumping service and a 34% market share in the U K [11] - The company estimates the U S concrete pumping industry size to be approximately $175 billion[36] - Eco-Pan's FY19 revenue was $30 million, representing a current penetration of approximately 3% in the U S concrete waste management market[62] Financial Performance and Outlook - CPH's FY2020 revenue is projected to be between $315 million and $330 million, representing a year-over-year growth of 11% to 17%[25] - CPH's FY2020 adjusted EBITDA is projected to be between $110 million and $115 million, representing a year-over-year growth of 15% to 20%[25] - CPH aims for a leverage ratio of approximately 35x debt/adjusted EBITDA by the end of fiscal year 2020[25]