Overview

* Concrete Pumping ( BBCP ) Q3 revenue of $103.7 mln beats analysts' expectations, per LSEG data

* Adjusted EBITDA for Q3 misses estimates, per LSEG data

* Co cites macroeconomic headwinds and weather disruptions impacting results

Outlook

* Company expects FY 2025 revenue between $380 mln and $390 mln

* Concrete Pumping ( BBCP ) expects FY 2025 Adjusted EBITDA between $95 mln and $100 mln

* Company anticipates FY 2025 free cash flow of approximately $45 mln

* Construction market recovery expected late FY 2026 or early FY 2027

Result Drivers

* COMMERCIAL DEMAND - Revenue decline attributed to deferrals in commercial construction demand due to high interest rates and tariff uncertainties

* RESIDENTIAL SOFTNESS - Residential demand impacted by high interest rates and increased rainfall in central and southeast regions

* WASTE MANAGEMENT GROWTH - Modest growth in waste management segment driven by organic volume growth and pricing improvements

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $103.68 $99.80

Revenue mln mln (3

Analysts

)

Q3 EPS $0.07

Q3 Net $3.70

Income mln

Q3 Miss $26.80 $27.10

Adjusted mln mln (3

EBITDA Analysts

)

Q3 Gross 39.0%

Margin

Q3 $12.93

Income mln

from

Operatio

ns

Q3 $5.03

Pretax mln

Profit

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the construction & engineering peer group is "buy."

* Wall Street's median 12-month price target for Concrete Pumping Holdings Inc ( BBCP ) is $7.00, about 3.3% above its September 3 closing price of $6.77

* The stock recently traded at 42 times the next 12-month earnings vs. a P/E of 19 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)