Concrete Pumping Q2 profit up on commercial, construction growth; outlook raised

Concrete Pumping Holdings

04/06/2026 21:18

Overview
US concrete pumping and waste services firm's fiscal Q2 revenue rose 14% year-over-year
Co reported Q2 net income of $2.5 mln compared to a net loss last year
Company raised full-year outlook for revenue, adjusted EBITDA, and free cash flow

Outlook
Company raises FY 2026 revenue outlook to $410 mln-$425 mln from $390 mln-$410 mln prior
Company lifts FY 2026 Adjusted EBITDA forecast to $98 mln-$105 mln from $90 mln-$100 mln prior
Company expects FY 2026 free cash flow of at least $45 mln, up from $40 mln prior

Result Drivers
COMMERCIAL & INFRASTRUCTURE DEMAND - Higher commercial and infrastructure construction activity, especially from data center and infrastructure projects, drove revenue growth
PRICING & OPERATING EFFICIENCY - Disciplined pricing strategy and operating efficiencies contributed to margin expansion and improved profitability
RESIDENTIAL & LIGHT COMMERCIAL SOFTNESS - Ongoing softness in residential and light commercial markets due to high interest rates and economic uncertainty weighed on results

Company press release: ID:nGNX2DbVHC

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
$106.80 mln
$96.71 mln (2 Analysts)
Q2 EPS
 
$0.04
 
Q2 Net Income
 
$2.55 mln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "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 $8.00, about 2.4% above its June 3 closing price of $7.81
The stock recently traded at 41 times the next 12-month earnings vs. a P/E of 46 three months ago

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(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.)