What guidance did Concrete Pumping's management provide for the next earnings period?

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What is the market's earnings forecast for Concrete Pumping next quarter?

What were the key takeaways from Concrete Pumping's earnings call?

What factors drove the changes in Concrete Pumping's revenue and profit?

What does Concrete Pumping do and what are its main business segments?

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What is the revenue and EPS growth rate for Concrete Pumping year over year?

- **Revenue decline**: $103.7M (-5.4% YoY) driven by U.S. Concrete Pumping softness and weather ($2M impact).
- **Segment亮点**: U.S. Waste Management +4% YoY, U.K. Infrastructure resilient despite commercial slowdown.
- **Margins under pressure**: Gross margin -160bps to 39%, EBITDA -15.2% YoY, but cost control limits damage.
- **Cash flow strength**: $358M liquidity, $20M remaining in $50M buyback program.
- **2027 recovery optimism**: Management sees infrastructure and data center projects driving long-term growth.

**【CEO Opening Remarks】**
- Q3 2025 revenue of $103.7M (-5.4% YoY) due to U.S. Concrete Pumping segment decline (-8.4% YoY) and adverse weather ($2M impact). 
- U.S. Concrete Waste Management grew 4% YoY to $19.3M, driven by volume and pricing.
- U.K. Operations revenue down 5% YoY to $15.1M due to commercial construction slowdown.
- Emphasized free cash flow generation and disciplined capital allocation.

**【CFO Financial Commentary】**
- Gross margin declined 160bps to 39% (vs. 40.6% YoY) due to lower utilization and fleet investments.
- Net income $3.3M ($0.07 EPS) vs. $7.1M ($0.13 EPS) YoY, impacted by volume decline and higher costs.
- Adjusted EBITDA $26.8M (-15.2% YoY), with U.S. Waste Management EBITDA up 3% to $7.4M.
- Net debt $384M (3.8x net debt/EBITDA), with $358M liquidity.
- Share buyback: $3.8M repurchased in Q3, $20M remaining under $50M program.

**【Q&A Highlights】**
- **Outlook**: Bruce notes cautious optimism on 2027 recovery, citing infrastructure projects and data center activity. 
- **Pricing Pressure**: Residential and light commercial markets face ongoing competition-driven pricing challenges.
- **Margins**: Iain highlights operating leverage potential, with EBITDA margin expansion expected as volumes recover.
- **Weather Impact**: Q3 2025 weather headwind ($2M) vs. Q3 2024 ($6M), creating noise but no long-term impact.
- **Geographic Strategy**: Current footprint sufficient, but open to expansion for large projects.


Concrete Pumping Holdings, Inc. (BBCP) Q3 2025 Earnings Call Transcript

Revenue

Sales and Services Revenue

Financing Services Revenue

Other Revenue

Cost of Revenue

Cost of Goods and Services

Cost of Financing Services

Other Cost

Gross Profit

Other Operating Income

Operating Expenses

Selling, General and Administrative Expenses

Selling and Marketing Expenses

General and Administrative Expenses

Research and Development Expenses

Loss on Bad Debts

Loss on Impairment of Other Assets

Loss on Disposal of Assets

Other Operating Expenses

Operating Income

Non-Operating Income (Loss)

Income (Loss) from Affiliates

Income (Loss) from Associates

Income (Loss) from Joint ventures

Gain (Loss) on Other Investment

Gain (Loss) on Change in Fair Value

Gain (Loss) on Foreign Currency Exchange

Other Non-Operating Income (Loss)

Net Interest Expense

Interest Expense

Interest Income

Pretax Income From Continuing Operations

Income Tax Expense

Current Income Tax

Deferred Income Tax

Income Tax Adjustments

Net Income from Continuing Operations

Income from Discontinued Operations

Other Items Before Net Income

Net Income

Net Income Attributable to Minority Interests

Net Income Attributable to Owners of the Company

Preferred Stock Dividends

Other Adjustments

Net Income Attributable to Common Stockholders

Other Comprehensive Income

Total Comprehensive Income

Total Comprehensive Income Attributable to Minority Interests

Total Comprehensive Income Attributable to Owners of the Company

Basic EPS

Basic EPS from Continuing Operations

Basic EPS from Discontinued Operations

Diluted EPS

Diluted EPS from Continuing Operations

Diluted EPS from Discontinued Operations

BBCP

BBCP fundamentals

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