Latest news with #ConcretePumping
Globe and Mail
2 days ago
- Business
- Globe and Mail
Why Concrete Pumping Stock Is Down Big Today
Economic headwinds and bad weather conspired to cut construction activity, which in turn ate into results at Concrete Pumping Holdings (NASDAQ: BBCP). Shares of the multinational concrete provider traded down 17% as of 11 a.m. ET after the company reported results that fell short of Wall Street expectations. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » Headwinds weigh on results Concrete Pumping plays a key part in the construction supply chain, providing concrete and concrete waste management services at job sites in the U.S. and in the United Kingdom. But there is only so much the company can do when demand for concrete slows, a scenario that played out in the most recent quarter. The company lost $0.01 per share on revenue of $93.96 million in its fiscal second quarter ending April 30, compared to Wall Street's forecast for a $0.04 per-share profit on sales of $99 million. Concrete Pumping did a good job keeping costs in line and gross margin is actually up slightly for the first six months of fiscal 2025 compared to a year ago, but the macro story was too much to overcome. "In the second quarter, we continued to navigate a challenging construction environment, marked by persistent macroeconomic headwinds and regional weather disruptions," CEO Bruce Young said in a statement. Management is not anticipating an immediate bounce back. Concrete Pumping cut its full-year revenue forecast to $380 million to $390 million, from $425 million to $445 million, saying it is not forecasting a "meaningful" recovery in the construction market until its fiscal 2026. Is Concrete Pumping stock a buy? Even with the declines, Concrete Pumping is still a long-term winner, up 62% over the past five years. The company has a lot of debt, $387 million at quarter's end, compared to a market capitalization of $317 million, but management remains confident enough in cash flows to pursue opportunistic acquisitions and boost its share buyback program by $15 million. For investors who are bullish long-term on the need for infrastructure revitalization in the U.S. and Western Europe and who are willing to ride out a near-term storm, this decline in Concrete Pumping shares could be viewed as a buying opportunity. Should you invest $1,000 in Concrete Pumping right now? Before you buy stock in Concrete Pumping, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Concrete Pumping wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $674,395!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $858,011!* Now, it's worth noting Stock Advisor 's total average return is997% — a market-crushing outperformance compared to172%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of June 2, 2025
Yahoo
2 days ago
- Business
- Yahoo
Why Concrete Pumping Stock Is Down Big Today
Concrete Pumping delivered an unexpected quarterly loss and lowered full-year expectations. The company is facing a slowdown in construction due to macro headwinds and bad weather. There is balance sheet risk here, but Concrete Pumping could be an attractive option for investors who believe spending on infrastructure will pick up over time. 10 stocks we like better than Concrete Pumping › Economic headwinds and bad weather conspired to cut construction activity, which in turn ate into results at Concrete Pumping Holdings (NASDAQ: BBCP). Shares of the multinational concrete provider traded down 17% as of 11 a.m. ET after the company reported results that fell short of Wall Street expectations. Concrete Pumping plays a key part in the construction supply chain, providing concrete and concrete waste management services at job sites in the U.S. and in the United Kingdom. But there is only so much the company can do when demand for concrete slows, a scenario that played out in the most recent quarter. The company lost $0.01 per share on revenue of $93.96 million in its fiscal second quarter ending April 30, compared to Wall Street's forecast for a $0.04 per-share profit on sales of $99 million. Concrete Pumping did a good job keeping costs in line and gross margin is actually up slightly for the first six months of fiscal 2025 compared to a year ago, but the macro story was too much to overcome. "In the second quarter, we continued to navigate a challenging construction environment, marked by persistent macroeconomic headwinds and regional weather disruptions," CEO Bruce Young said in a statement. Management is not anticipating an immediate bounce back. Concrete Pumping cut its full-year revenue forecast to $380 million to $390 million, from $425 million to $445 million, saying it is not forecasting a "meaningful" recovery in the construction market until its fiscal 2026. Even with the declines, Concrete Pumping is still a long-term winner, up 62% over the past five years. The company has a lot of debt, $387 million at quarter's end, compared to a market capitalization of $317 million, but management remains confident enough in cash flows to pursue opportunistic acquisitions and boost its share buyback program by $15 million. For investors who are bullish long-term on the need for infrastructure revitalization in the U.S. and Western Europe and who are willing to ride out a near-term storm, this decline in Concrete Pumping shares could be viewed as a buying opportunity. Before you buy stock in Concrete Pumping, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Concrete Pumping wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $674,395!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $858,011!* Now, it's worth noting Stock Advisor's total average return is 997% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 2, 2025 Lou Whiteman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Concrete Pumping Stock Is Down Big Today was originally published by The Motley Fool
Yahoo
2 days ago
- Business
- Yahoo
Concrete Pumping Holdings Inc (BBCP) Q2 2025 Earnings Call Highlights: Navigating Challenges ...
Revenue: $94 million, down from $107.1 million in the prior year quarter. US Concrete Pumping Revenue: $62.1 million, compared to $74.6 million in the prior year quarter. UK Revenue: $13.8 million, down from $15.5 million in the prior year quarter. US Concrete Waste Management Services Revenue: Increased 7% to $18.1 million from $16.9 million in the prior year quarter. Gross Margin: Declined by 50 basis points to 38.5% from 39% in the prior year quarter. General and Administrative Expenses: Declined 6% to $27.9 million from $29.7 million in the prior year quarter. Net Loss: $400,000 or $0.01 per diluted share, compared to net income of $2.6 million or $0.05 per diluted share in the prior year quarter. Consolidated Adjusted EBITDA: $22.5 million, down from $27.5 million in the prior year quarter. Adjusted EBITDA Margin: 23.9%, compared to 25.7% in the prior year quarter. US Concrete Pumping Adjusted EBITDA: $12.7 million, down from $17.5 million in the prior year quarter. UK Adjusted EBITDA: $3.2 million, compared to $4.1 million in the prior year quarter. US Concrete Waste Management Services Adjusted EBITDA: Increased 12% to $6.7 million from $5.9 million in the prior year quarter. Total Debt: $425 million with net debt of $387.2 million. Net Debt-to-EBITDA Leverage Ratio: Approximately 3.7 times. Available Liquidity: Approximately $353 million. Share Buyback: Repurchased approximately 1 million shares for $6 million at an average price of $5.90 per share. 2025 Full Year Revenue Guidance: Expected to range between $380 million and $390 million. 2025 Full Year Adjusted EBITDA Guidance: Expected to range between $95 million and $100 million. Free Cash Flow Guidance: Approximately $45 million. Warning! GuruFocus has detected 5 Warning Signs with BBCP. Release Date: June 05, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Concrete Pumping Holdings Inc (NASDAQ:BBCP) demonstrated strong cost control initiatives, which helped limit the impact on margins despite revenue declines. The company's infrastructure end markets continue to grow, with robust performance expected in fiscal year 2025 due to favorable funding environments in both the US and UK. The US Concrete Waste Management Services segment saw a 7% increase in revenue, driven by increased Pan pickup volumes and sustained improvement in pricing. Concrete Pumping Holdings Inc (NASDAQ:BBCP) has a strong liquidity position with approximately $353 million of available liquidity at the end of April 2025. The company has an ongoing share buyback program, with an additional $15 million authorized, demonstrating confidence in its long-term strategic growth plan. Revenue for the second quarter decreased to $94 million from $107.1 million in the prior year, primarily due to declines in the US Concrete Pumping segment. The company experienced volume-driven declines in its US Pumping segment, affected by macroeconomic headwinds and adverse weather conditions. Net loss available to common shareholders was $400,000, compared to net income of $2.6 million in the prior year quarter. Adjusted EBITDA for the second quarter declined to $22.5 million from $27.5 million in the same year-ago quarter. The company adjusted its financial outlook for fiscal 2025, not expecting a meaningful market rebound within the current fiscal year due to persistent high interest rates and tariff uncertainties. Q: In your outlook, you mentioned no meaningful recovery in construction markets until 2026. Does this apply to both commercial and residential construction? What factors could delay recovery further? A: Bruce Young, CEO: The residential market shows minor softness, but we don't expect significant turbulence. The commercial market is experiencing continued softening, largely due to tariff discussions causing delays. We anticipate recovery once tariffs are settled and interest rates decrease, likely by the end of the year. Q: Can you provide visibility into the infrastructure market, which seems to be a strong area for your business? A: Bruce Young, CEO: We see growth across all infrastructure segments, including roads, bridges, wastewater, and airport construction. The US market is gaining momentum, and the UK market remains strong. We expect this strength to continue. Q: Have you seen more project delays since April, and do customers provide timelines for when these projects might resume? A: Bruce Young, CEO: Project delays are mainly due to tariff uncertainties. Customers have strong backlogs for next year, and there's optimism that the commercial market will recover quickly once issues are resolved. Q: Are infrastructure project delays also tied to uncertainties, or are there other factors? A: Bruce Young, CEO: We aren't seeing delays in infrastructure programs. The challenge was meeting bill requirements, but improvements have been made, allowing infrastructure dollars to flow more freely. Q: Could you elaborate on the impact of adverse weather on your revenue? A: Iain Humphries, CFO: Adverse weather, including storms and flooding, impacted our second-quarter revenue by approximately $3 million to $4 million, particularly affecting our US Concrete Pumping segment. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
Concrete Pumping (BBCP) Reports Q2 Loss, Lags Revenue Estimates
Concrete Pumping (BBCP) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of $0.03. This compares to earnings of $0.05 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -133.33%. A quarter ago, it was expected that this company would post earnings of $0.01 per share when it actually produced a loss of $0.04, delivering a surprise of -500%. Over the last four quarters, the company has surpassed consensus EPS estimates just once. Concrete Pumping , which belongs to the Zacks Waste Removal Services industry, posted revenues of $93.96 million for the quarter ended April 2025, missing the Zacks Consensus Estimate by 4.42%. This compares to year-ago revenues of $107.06 million. The company has topped consensus revenue estimates just once over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Concrete Pumping shares have added about 6.6% since the beginning of the year versus the S&P 500's gain of 1.5%. While Concrete Pumping has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Concrete Pumping: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.13 on $110.3 million in revenues for the coming quarter and $0.24 on $409.6 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Waste Removal Services is currently in the bottom 39% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Radius Recycling (RDUS), another stock in the same industry, has yet to report results for the quarter ended May 2025. This recycler of ferrous and nonferrous scrap metal is expected to post quarterly loss of $0.87 per share in its upcoming report, which represents a year-over-year change of -47.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Radius Recycling's revenues are expected to be $677 million, up 0.5% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CONCRETE PUMPING HOLDINGS, INC. (BBCP) : Free Stock Analysis Report Radius Recycling, Inc. (RDUS) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
San Francisco Chronicle
2 days ago
- Business
- San Francisco Chronicle
Concrete Pumping: Fiscal Q2 Earnings Snapshot
THORNTON, Colo. (AP) — THORNTON, Colo. (AP) — Concrete Pumping Holdings, Inc. (BBCP) on Thursday reported a fiscal second-quarter loss of $4,000, after reporting a profit in the same period a year earlier. The Thornton, Colorado-based company said it had a loss of 1 cent per share. The company posted revenue of $94 million in the period. Concrete Pumping expects full-year revenue in the range of $380 million to $390 million. Concrete Pumping shares have risen slightly more than 6% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $7.08, a decrease of slightly more than 5% in the last 12 months. _____
