Concrete Pumping Holdings raises guidance, starts quarterly cash dividend
Concrete Pumping Holdings said third-quarter revenue and adjusted EBITDA rose 13% year over year, raised full-year guidance for revenue, adjusted EBITDA and free cash flow, and launched a quarterly cash dividend program.
Concrete Pumping Holdings (NASDAQ: BBCP ) reported third-quarter financial results on Thursday.
The transcript from the company's third-quarter earnings call has been provided below.
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Access the full call at Summary Concrete Pumping Holdings reported a 13% year-over-year increase in revenue and adjusted EBITDA for the third quarter of 2026, driven by strong U.S. commercial and infrastructure activity.
The company is optimistic about growth in large-scale projects, with notable contributions from data centers, education, utilities, and energy sectors.
EcoPan division showed robust performance with a 14% revenue increase, attributed to organic growth and pricing improvements.
U.K. operations faced challenges due to inflation and interest rates, but recent signs suggest improving commercial activity.
The company raised its full-year guidance for revenue, adjusted EBITDA, and free cash flow, and announced a new quarterly cash dividend program.
Total debt decreased, with net leverage down to 3.6x, and liquidity remains strong at $357 million, supporting strategic investments and shareholder returns.
Management emphasized strategic fleet investments and operational discipline to leverage growth opportunities and maintain financial flexibility.
Full Transcript OPERATOR Good afternoon, everyone, and thank you for participating in today's conference call to discuss Concrete Pumping Holdings' financial results for the third quarter ended July 31, 2026.
Joining us today are Concrete Pumping Holdings' CEO, Bruce Young; CFO, Iain Humphries; and the Company's External Director of Investor Relations, Cody Slock.
Before we go further, I would like to turn the call over to Mr.
Slock to read the Company's safe harbor statement within the meaning of the Private Securities Litigation Reform Act of 1995 that provides important cautions regarding forward-looking statements.
Cody, please go ahead.
Cody Slock, External Director of Investor Relations Thank you.
I'd like to remind everyone that during this call, to give you a better understanding of our operations, we will be making certain forward-looking statements regarding our business and outlook.
These statements are subject to numerous risks and uncertainties that could cause actual results to differ materially from such statements.
For information concerning these risks and uncertainties, see Concrete Pumping Holdings' Annual Report on Form 10-K, Quarterly Report on Form 10-Q and other publicly available filings with the SEC.
The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether because of new information, future events or otherwise.
On today's call we will also reference certain non-GAAP financial measures, including adjusted EBITDA, net debt and free cash flow, which we believe provide useful information for investors.
We provide further information about these non-GAAP financial measures and reconciliations of the comparable GAAP measures in our press release issued today or the investor presentation posted on the Company's website.
I'd like to remind everyone that this call will be available for replay later this evening.
A webcast replay will also be available via the link provided in today's press release as well as on the Company's website.
Additionally, we have posted an updated investor presentation to the Company's website.
Now I'd like to turn the call over to the CEO of Concrete Pumping Holdings, Bruce Young.
Bruce Young, President and CEO Thank you, Cody, and good afternoon, everyone.
2026 remains on track to be a strong year for our company as we continue to execute our strategy and prove ourselves to be the partner of choice of our customers, particularly in large, more complex projects.
I'm pleased to report that we delivered another strong quarter with revenue increasing 13% year over year and adjusted EBITDA also growing 13%, reflecting continued momentum across our U.S. operations, disciplined operational execution and healthy demand across several of our key end markets.
Our performance during the quarter continued to be led by large-scale commercial and infrastructure construction activity.
As we have discussed in the last couple of quarters, data centers and other large-scale commercial projects remain the primary driver of growth.
In addition, we are also seeing encouraging activity across education, utilities, energy and other infrastructure-related projects.
These larger, more complex projects continue to support healthy fleet utilization across both our Brundage-Bone and EcoPan businesses and reinforce the competitive advantages created by our national footprint, scale and operational expertise.
We remain optimistic about the continued growth in these segments for the foreseeable future.
The broader construction backdrop remains largely unchanged.