Concrete Pumping beats Q1 revenue estimates on increase in volumes and price

Concrete Pumping Holdings

10/03/2026 20:16

Overview

US concrete pumping and waste management provider's fiscal Q1 revenue up 5%, beating analyst expectations

Adjusted EBITDA for fiscal Q1 grew 6% yr/yr

Revenue growth driven by improved U.S. volumes, pricing, and favorable weather

Outlook

Concrete Pumping sees FY 2026 revenue between $390.0 mln and $410.0 mln

Company expects FY 2026 Adjusted EBITDA between $90.0 mln and $100.0 mln

Company expects FY 2026 free cash flow of at least $40.0 mln

Result Drivers

U.S. VOLUMES AND PRICING - Co said Q1 revenue growth was driven by higher commercial and infrastructure project volumes and improved pricing in the U.S., aided by favorable weather

WASTE MANAGEMENT GROWTH - U.S. waste management revenue rose on organic volume growth and pricing improvements

U.K. DEMAND SLOWDOWN - U.K. revenue fell due to continued slowdown in commercial construction demand

Company press release: ID:nGNX2X58zl

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$90.56 mln
$84.82 mln (3 Analysts)
Q1 EPS
-$0.06
Q1 Net Income
-$2.44 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 $7.75, about 15.2% above its March 9 closing price of $6.73

The stock recently traded at 48 times the next 12-month earnings vs. a P/E of 40 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)