Brief: Concrete Pumping Q3 Revenue USD 103.676 Million

Concrete Pumping Holdings

04/09/2025 21:05

Overview

Concrete Pumping 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 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/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$103.68 mln
$99.80 mln (3 Analysts)
Q3 EPS
$0.07
Q3 Net Income
$3.70 mln
Q3 Adjusted EBITDA
Miss
$26.80 mln
$27.10 mln (3 Analysts)
Q3 Gross Margin
39.0%
Q3 Income from Operations
$12.93 mln
Q3 Pretax Profit
$5.03 mln


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 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: ID:nGNX5KTvc9

(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.)