NASDAQ$BBCP

Concrete Pumping Holdings In · Q1 2025 earnings

Q1 2025 earnings · · After market close · Investor relations

Briefing

CPH reported a decline in revenue for Q1 2025, impacted by lower commercial construction volumes and adverse weather conditions.

Concrete Pumping Holdings saw a decrease in revenue for Q1 2025, primarily due to a slowdown in U.S. commercial construction and severe weather events. Despite this, the company maintained strong adjusted EBITDA margins and improved gross margin. Liquidity significantly increased following debt refinancing, and management remains optimistic about a commercial market recovery later in the year.

  • Total revenue for Q1 2025 was $86.4 million, down from $97.7 million in Q1 2024.
  • Net loss improved to $2.6 million from $3.8 million in the prior year quarter.
  • Adjusted EBITDA declined to $17.0 million from $19.3 million but maintained a 19.7% margin.
  • Total available liquidity increased to $409.6 million from $217.0 million a year ago.

Headline financials

Total Revenue

$86.4M

Previous: $97.7M-11.5%
EPS (adj)

-$0.06

Previous: -$0.08+25.0%
Adjusted EBITDA

$17M

Previous: $19.3M-11.8%
Adjusted EBITDA Margin

19.7%

Previous: 19.7%+0.0%
G&A Expenses

$27.8M

Previous: $31.9M-12.9%
Total Available Liquidity

$410M

Previous: $217M+88.8%
Gross Margin

36.1%

Previous: 34.1%+5.9%
Net Debt

$340M

No prior period
Capital Expenditures

-$5.84M

Previous: -$17.8M+67.1%
Net Income

-$2.64M

Previous: -$3.83M+31.0%
Operating Income

$3.49M

Previous: $1.46M+139.4%
Gross Profit

$31.2M

Previous: $33.3M-6.2%

Revenue & EPS history

CPH · Revenue · Quarterly

$86.4M

Q1 2025-11.5%vs Q1 2024
Beat estimate in 9 of 14 quarters(64%)
ActualEstimate

Revenue by segment

CPH · $121M total across 3 segments · Q3 2023

  • U.S. Concrete Pumping
    $87.3M+12.8%
  • U.K. Operations
    $17.3M+20.1%
  • U.S. Waste Management
    $16.5M+28.9%

Forward guidance

CPH expects fiscal year 2025 revenue between $400 million and $420 million, with adjusted EBITDA projected between $105 million and $115 million. The company remains optimistic about market recovery, supported by strong liquidity and potential M&A opportunities.

Tailwinds

  • Projected FY2025 revenue of $400-$420 million.
  • Adjusted EBITDA forecasted at $105-$115 million for FY2025.
  • Strong liquidity position of $409.6 million supports growth initiatives.
  • Ongoing commercial market recovery expected in the second half of 2025.
  • Share repurchase program extended through December 2026.

Headwinds

  • Commercial construction slowdown continues to impact U.S. revenue.
  • Severe weather conditions affected operations in multiple regions.
  • Adjusted EBITDA declined year-over-year despite stable margins.
  • Currency fluctuations impacted U.K. operations revenue and profitability.
  • Debt refinancing resulted in a loss on extinguishment of $1.4 million.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

-1.0%

Avg return

Earnings day

-2.0%

Avg return

5 days after

-2.0%

Avg return

30 days after

37%

13 / 35 earnings

Positive

+19.9%

Q4 2020

Best reaction

-25.3%

Q1 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+5.5%+2.1%+12.7%
Q4 2025-9.6%-15.6%-11.5%
Q3 2025+12.4%+4.4%+3.7%
Q2 2025+0.0%-1.7%+17.1%
Q1 2025-17.9%-0.7%-4.6%
Q4 2024+11.4%+18.2%+15.1%
Q3 2024-15.9%-12.5%-7.5%
Q2 2024-12.3%-12.8%-24.7%
Q1 2024-2.9%-2.9%-1.9%
Q4 2023-0.3%-4.2%+3.2%
Q3 2023+7.1%+12.6%+17.2%
Q2 2023-4.3%-3.1%+9.9%
Q1 2023-4.9%-5.9%-14.6%
Q4 2022+19.9%+23.3%+17.4%
Q3 2022+5.2%+2.8%-3.6%
Q2 2022+8.6%+5.1%+12.4%
Q1 2022-4.7%-10.0%-14.4%
Q4 2021+5.8%+0.6%-10.5%
Q3 2021-3.0%-6.3%-4.0%
Q2 2021+0.4%-0.8%-4.4%
Q1 2021+10.0%+5.9%+10.4%
Q4 2020+19.9%+23.7%+40.8%
Q3 2020-7.1%-8.6%+1.0%
Q2 2020+6.5%-6.9%-25.3%
Q1 2020-25.3%-27.7%-37.9%
Q4 2019-4.4%-10.6%-0.4%
Q3 2019-7.0%-1.7%-15.9%
Q2 2019-17.3%-12.9%+7.8%
Q1 2019+14.1%-3.0%-35.4%
Q4 2018-11.5%-10.9%-12.2%
Q3 2018-11.5%-10.9%-12.2%
Q2 2018-0.1%-0.1%+0.3%
Q1 2018-0.2%-0.2%+0.3%
Q4 2017-0.2%+0.0%+0.2%
Q2 2017-0.1%+0.3%+0.3%

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