Concrete Pumping (BBCP) Initiates Quarterly Dividend, Raises Full-Year Guidance

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Publication Date: 2026-09-09 22:28:45

Concrete Pumping (BBCP) Q3 2026 Earnings Call Transcript

Source: Motley Fool Transcribing, The Motley Fool Date: Wed, September 9, 2026 at 3:28 PM PDT Read Time: 18 min

• Ticker: BBCP

Event Details

• Date: Thursday, Sept. 3, 2026
• Time: 5:00 p.m. ET

Call Participants

• Chief Executive Officer: Bruce Young
• Chief Financial Officer: Iain Humphries
• External Director of Investor Relations: Cody Slach

Full Conference Call Transcript

Operator: Good afternoon, everyone, and thank you for participating in today's conference call to discuss Concrete Pumping Holdings' financial results for the third quarter ended July 31, 2026. Joining us today are Concrete Pumping Holdings' CEO, Bruce Young, CFO, Iain Humphries, and the company's External Director of Investor Relations, Cody Slach. Before we go further, I would like to turn the call over to Mr. Slach to read the company's safe harbor statement within the meaning of the Private Securities Litigation Reform Act of 1995 that provides important cautions regarding forward-looking statements. Cody, please go ahead.

Cody Slach: Thank you. I'd like to remind everyone that during this call, to give you a better understanding of our operations, we will be making certain forward-looking statements regarding our business and outlook. These statements are subject to numerous risks and uncertainties that could cause actual results to differ materially from such statements. For information concerning these risks and uncertainties, see Concrete Pumping Holdings' Annual Report on Form 10-K, Quarterly Report on Form 10-Q, and other publicly available filings with the SEC. The company disclaims any intention or obligation to update or revise any forward-looking statements, whether because of new information, future events, or otherwise.

On today's call, we will also reference certain non-GAAP financial measures, including adjusted EBITDA, net debt, and free cash flow, which we believe provide useful information for investors. We provide further information about these non-GAAP financial measures and reconciliations with comparable GAAP measures in our press release issued today or the investor presentation posted on the company's website. I'd like to remind everyone that this call will be available for replay later this evening. Our webcast replay will also be available via the link provided in today's press release, as well as on the company's website. Additionally, we have posted an updated investor presentation to the company's website.

Now I'd like to turn the call over to the CEO of Concrete Pumping Holdings, Bruce Young. Bruce?

Bruce Young: Thank you, Cody, and good afternoon, everyone. 2026 remains on track to be a strong year for our company as we continue to execute our strategy and prove ourselves to be the partner of choice of our customers, particularly in large, more complex projects. I'm pleased to report that we delivered another strong quarter with revenue increasing 13% year over year and adjusted EBITDA also growing 13%, reflecting continued momentum across our U.S. operations, disciplined operational execution, and healthy demand across several of our key end markets. Our performance during the quarter continued to be led by large-scale commercial and infrastructure construction activity.

Story Continues

As we have discussed in the last couple of quarters, data centers and other large-scale commercial projects remain the primary driver of growth. In addition, we are also seeing encouraging activity across education, utilities, energy, and other infrastructure-related projects. These larger more complex projects continue to support healthy fleet utilization across both our Brundage-Bone and Eco-Pan businesses and reinforce the competitive advantages created by our national footprint, scale, and operational expertise. We remain optimistic about the continued growth in these segments for the foreseeable future. The broader construction backdrop remains largely unchanged. Heavy commercial construction has remained relatively resilient, while light commercial activity continues to be pressured by elevated interest rates and economic uncertainty.

Residential construction also remains soft as affordability challenges continue to weigh on new home construction despite favorable long-term housing fundamentals. Our Eco-Pan Concrete Waste Management Services business again delivered an excellent performance during the quarter.