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Concrete Pumping Holdings Inc (BBCP) delivers essential concrete placement and environmental solutions to construction sectors across the United States and United Kingdom. This news hub provides stakeholders with timely updates on operational developments, regulatory compliance, and market expansions from the company’s Brundage-Bone, Camfaud, and Eco-Pan divisions.
Access authoritative reporting on BBCP’s strategic initiatives, including equipment innovations, safety protocol enhancements, and partnership announcements. The curated collection features earnings disclosures, project milestones, and leadership updates relevant to commercial builders, infrastructure developers, and environmental compliance officers.
Regular updates cover three key operational areas: concrete pumping service expansions, waste management system improvements, and equipment leasing program developments. Subscribers receive alerts about regulatory changes impacting construction waste handling and new technologies improving job site efficiency.
Bookmark this page for streamlined access to BBCP’s verified announcements, eliminating the need to track multiple sources. Combine macroeconomic construction trends with company-specific updates through our organized news feed, updated as developments occur.
Concrete Pumping Holdings (NASDAQ: BBCP) reported Q1 FY2025 results with revenue of $86.4 million, down from $97.7 million in Q1 FY2024. The company posted a net loss of $2.6 million, improving from a $3.8 million loss year-over-year.
Key financial metrics include:
- Gross profit of $31.2 million with improved margin of 36.1%
- Adjusted EBITDA of $17.0 million with stable margin at 19.7%
- Available liquidity of $409.6 million with net debt reduced by $33.4 million
The company updated its FY2025 guidance, projecting revenue between $400.0-420.0 million and Adjusted EBITDA of $105.0-115.0 million. The board extended the share repurchase program to December 31, 2026, with $15.1 million available for repurchases. During Q1, BBCP repurchased 296,267 shares at an average price of $6.53.
Concrete Pumping Holdings (Nasdaq: BBCP), a leading provider of concrete pumping and waste management services in the U.S. and U.K., has scheduled its first quarter fiscal 2025 earnings conference call for Tuesday, March 11, 2025, at 5:00 p.m. Eastern Time.
The company will release its financial results for the quarter ended January 31, 2025, via press release before the conference call. CEO Bruce Young and CFO Iain Humphries will host the call, which will include a question-and-answer session.
The call will be accessible through toll-free and international dial-in numbers, with a replay available until March 18, 2025. Additionally, a live broadcast and replay will be available on the company's investor relations website.
Concrete Pumping Holdings (BBCP) announced the successful closing of a $425.0 million senior secured second lien notes offering through its subsidiary Brundage-Bone Concrete Pumping Holdings. The notes, due 2032, were issued at par with a 7.500% fixed annual interest rate.
The proceeds will be used to redeem all outstanding 6.000% senior secured second lien notes due 2026 and pay related fees. Additionally, the remaining proceeds, combined with cash on hand, will fund a special one-time dividend of $1.00 per share (approximately $53 million total) to be paid on February 3, 2025.
CEO Bruce Young highlighted that this refinancing strengthens their balance sheet and demonstrates their consistent operating performance and healthy free cash flow generation. The company maintains its commitment to various capital allocation priorities while ensuring prudent leverage and liquidity for long-term growth.
Concrete Pumping Holdings (Nasdaq: BBCP) has announced a special one-time cash dividend of $1.00 per share of common stock. The dividend will be paid around February 3, 2025, contingent upon the closing of the company's $425.0 million senior secured second lien notes offering due 2032. Shareholders of record as of January 24, 2025 will be eligible for the dividend.
The total dividend payment is expected to be approximately $53 million. The company advises stockholders to consult their tax advisors regarding the tax implications of the special dividend, as the tax treatment will vary based on individual circumstances.
Concrete Pumping Holdings (Nasdaq: BBCP) announced that its subsidiary Brundage-Bone Concrete Pumping Holdings has successfully upsized and priced a private offering of $425.0 million senior secured second lien notes due 2032, representing a $25.0 million increase from the previously announced $400.0 million. The notes will carry a 7.500% annual interest rate.
The offering is expected to close on January 31, 2025. The company plans to use the proceeds to redeem all outstanding 6.000% senior secured second lien notes due 2026 and pay related fees. Additionally, the remaining proceeds, along with cash on hand, will fund a special one-time dividend of $1.00 per share (approximately $53 million total). Both the redemption and dividend payment are contingent on the offering's completion.
Concrete Pumping Holdings (Nasdaq: BBCP) announced that its subsidiary, Brundage-Bone Concrete Pumping Holdings, plans to offer $400.0 million in senior secured second lien notes due 2032 through a private placement. The notes will be guaranteed by the Company and its domestic subsidiaries that are borrowers or guarantors of the existing senior secured asset-based revolving credit facility.
The proceeds will be used to redeem all outstanding 6.000% senior secured second lien notes due 2026, cover related fees, and support general corporate purposes. The notes will only be offered to qualified institutional buyers in the US under Rule 144A and to non-US persons under Regulation S, and will not be registered under the Securities Act of 1933.
Concrete Pumping Holdings (NASDAQ: BBCP) reported Q4 FY2024 results with revenue of $111.5 million, down from $120.2 million in Q4 FY2023. Net income remained stable at $9.4 million, with diluted EPS unchanged at $0.16. Adjusted EBITDA was $33.7 million with a margin of 30.2%.
For full FY2024, revenue decreased to $425.9 million from $442.2 million, while net income attributable to shareholders declined to $14.5 million from $30.0 million. The company's U.S. Concrete Pumping segment faced challenges due to high interest rates and increased commercial building vacancy rates, while the Concrete Waste Management segment showed strong growth.
The company's financial position improved with total available liquidity increasing to $378.0 million from $216.7 million year-over-year. For FY2025, BBCP projects revenue between $425.0-445.0 million and Adjusted EBITDA of $115.0-125.0 million.
Concrete Pumping Holdings (BBCP), a leading provider of concrete pumping and waste management services in the U.S. and U.K., has scheduled its fourth quarter and fiscal year 2024 earnings conference call for Thursday, January 9, 2025, at 5:00 p.m. Eastern Time. The company will release its financial results via press release before the call.
CEO Bruce Young and CFO Iain Humphries will host the conference call, which will include a question-and-answer session. The call will be broadcast live and available for replay through January 16, 2025, both via phone and through the company's website.
Concrete Pumping Holdings (Nasdaq: BBCP) has announced a significant expansion of its Asset-Based Lending (ABL) Facility. The company's subsidiary, Brundage-Bone Concrete Pumping Holdings, has amended its existing ABL credit agreement, increasing the commitment from $225 million to $350 million and extending the maturity date to September 6, 2029.
Bank of America has joined the facility as a joint lead arranger and joint bookrunner, providing $75 million of the additional $125 million commitment. PNC Bank contributed the remaining $50 million. This expansion enhances CPH's liquidity position and supports its long-term strategic growth plan, providing greater flexibility for pursuing accretive investment opportunities and addressing its capital structure.
Concrete Pumping Holdings (Nasdaq: BBCP) reported Q3 FY2024 results with revenue of $109.6 million, down from $120.7 million in Q3 FY2023. Net income decreased to $7.6 million from $10.3 million. Adjusted EBITDA was $31.6 million with a 28.8% margin. The company faced challenges in its U.S. Concrete Pumping segment due to weather issues and a slowdown in commercial construction, while the Concrete Waste Management Services segment showed strong growth. CPH updated its FY2024 outlook, expecting revenue between $420-$430 million and Adjusted EBITDA of $108-$113 million. The company maintains a strong financial position with $236.3 million in available liquidity as of July 31, 2024.
