Concrete Pumping Q3 revenue beats estimates on data-center demand; raises outlook

Concrete Pumping Holdings

03/09/2026 21:15

Overview
US concrete pumping and waste management provider's fiscal Q3 revenue up 13%, beating analyst expectations
Adjusted EBITDA for fiscal Q3 rose 13% yr/yr
Company raised full-year outlook and initiated quarterly cash dividend program

Outlook
Company raises FY 2026 revenue outlook to $425 mln-$435 mln from $410 mln-$425 mln
Company lifts FY 2026 adjusted EBITDA forecast to $103 mln-$108 mln from $98 mln-$105 mln
Company expects FY 2026 free cash flow of about $50 mln, up from $45 mln prior

Result Drivers
COMMERCIAL AND INFRASTRUCTURE DEMAND - Co said higher commercial and infrastructure construction demand, especially for data centers, drove revenue growth
ECO-PAN GROWTH - Eco-Pan waste management business benefited from organic growth, pricing discipline and new customer wins
WEAK RESIDENTIAL AND UK MARKETS - Residential and light commercial construction remained challenged and UK market conditions were subdued, partially offsetting gains

Company press release: ID:nGNX9LSzm4

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$116.77 mln
$110.19 mln (3 Analysts)
Q3 EPS
 
$0.09
 
Q3 Net Income
 
$4.93 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 $13.50, about 52% above its September 2 closing price of $8.88
The stock recently traded at 35 times the next 12-month earnings vs. a P/E of 42 three months ago

Reuters Recommended Reads
Sept 2 - Industrial contractor Argan's Q2 revenue beats analyst estimates on strong Power segment execution
Sept 3 - Turf equipment maker Toro's Q3 sales & adj EPS beat estimates, raises outlook

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.)