Concrete Pumping Holdings, Inc.
- Open
- 12.01
- Day high
- 12.04
- Day low
- 11.62
- Prev close
- 12.05
- Volume
- 117K
- Mkt cap
- $600M
- P/E (TTM)
- 82.7
- EPS (TTM)
- $0.14
- P/B
- 2.1
- P/S
- 1.5
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$2.6M over the last 3 months (0 open-market buys, 3 sales)
- 🏛Institutions mixed (13F)
Concrete Pumping Holdings, Inc. (BBCP) is a Industrials company listed on NASDAQ. The stock is up 92% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 3 sales (SEC Form 4).
Concrete Pumping Holdings, Inc. (BBCP) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
BBCP earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jun 4, 2026 | $0.07 | $0.04 | -38.5% | $107M | +10.4% |
| Mar 10, 2026 | $-0.08 | $-0.06 | +25.0% | $91M | -4.7% |
| Sep 4, 2025 | $0.06 | $0.07 | +16.7% | $104M | +0.4% |
| Jun 5, 2025 | $0.03 | $-0.01 | -133.3% | $94M | -5.1% |
| Mar 11, 2025 | $0.01 | $-0.04 | -500.0% | $86M | -14.7% |
| Sep 4, 2024 | $0.19 | $0.13 | -31.6% | $110M | -0.7% |
| Jun 6, 2024 | $0.10 | $0.05 | -50.0% | $107M | -4.9% |
| Mar 7, 2024 | $-0.01 | $-0.02 | -257.8% | $98M | -0.4% |
| Sep 7, 2023 | $0.16 | $0.18 | +12.5% | $121M | +4.9% |
| Jun 8, 2023 | $0.10 | $0.09 | -10.0% | $108M | +2.9% |
| Mar 9, 2023 | $0.05 | $0.11 | +120.0% | $94M | -1.1% |
| Sep 8, 2022 | $0.12 | $0.14 | +16.7% | $104M | -12.7% |
BBCP insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 12, 2026 | Humphries Iaindirector, officer: CFO and Secretary | Sell | 96,955 | $10.79 |
| Jun 11, 2026 | Stevens Brent Mdirector, 10 percent owner: | Sell | 50,000 | $10.65 |
| Jun 11, 2026 | Stevens Brent Mdirector, 10 percent owner: | Sell | 100,000 | $10.65 |
| Jan 28, 2026 | Young Bruce F.director, officer: Chief Executive Officer | Grant | 17,324 | — |
| Jan 28, 2026 | Humphries Iaindirector, officer: CFO and Secretary | Grant | 23,048 | — |
| Jan 28, 2026 | Humphries Iaindirector, officer: CFO and Secretary | Grant | 13,446 | — |
| Jan 28, 2026 | Young Bruce F.director, officer: Chief Executive Officer | Grant | 29,697 | — |
| Jan 16, 2026 | Young Bruce F.director, officer: Chief Executive Officer | Tax | 13,636 | $6.47 |
| Jan 16, 2026 | Humphries Iaindirector, officer: CFO and Secretary | Tax | 9,635 | $6.47 |
| Mar 19, 2025 | Young Bruce F.director, officer: Chief Executive Officer | Grant | 19,831 | — |
| Mar 19, 2025 | Humphries Iaindirector, officer: CFO and Secretary | Grant | 15,120 | — |
| Mar 19, 2025 | Young Bruce F.director, officer: Chief Executive Officer | Grant | 33,995 | — |
| Mar 19, 2025 | Humphries Iaindirector, officer: CFO and Secretary | Grant | 25,920 | — |
| Mar 17, 2025 | Alarcon Stephendirector | Buy | 200 | $5.45 |
| Mar 14, 2025 | Young Bruce F.director, officer: Chief Executive Officer | Buy | 49,507 | $5.19 |
Source: BBCP SEC Form 4 filings, latest Jun 12, 2026. For informational purposes only — not investment advice.
See the full BBCP insider & 13F page →Concrete Pumping Holdings, Inc. company profile
Overview
Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) is a specialized construction services company founded in 1983 and headquartered in Thornton, Colorado. The company went public in August 2017 and has grown through strategic acquisitions to become a leading provider of concrete pumping and waste management services across the United States and United Kingdom. Operating through three main business segments, the company serves contractors in commercial, residential, and infrastructure construction projects with a fleet of specialized equipment including boom pumps, placing booms, telebelts, and waste management trucks.
Business
Concrete Pumping Holdings operates in the specialized construction services industry, providing essential equipment and services for concrete placement and construction site waste management. The construction industry relies heavily on concrete for building foundations, structures, and infrastructure, but getting concrete from delivery trucks to its final destination often requires specialized pumping equipment due to height, distance, or accessibility constraints. The company operates through three distinct business segments: U.S. Concrete Pumping Services (Brundage-Bone brand) represents the largest segment, generating approximately 65-70% of total revenue. This division provides concrete pumping services using boom pumps, placing booms, telebelts, and stationary pumps. Boom pumps are truck-mounted units with extendable arms that can reach high elevations and navigate around obstacles to place concrete precisely where needed. This service is essential for high-rise buildings, bridge construction, and projects where traditional concrete trucks cannot directly access the pour location. U.K. Operations (Camfaud brand) accounts for roughly 15% of revenue and provides similar concrete pumping services in the British market. This segment has shown growth potential, particularly benefiting from large infrastructure projects like the HS2 high-speed rail line and the Sizewell C nuclear power station. U.S. Concrete Waste Management Services (Eco-Pan brand) represents approximately 15-20% of revenue and focuses on industrial cleanup and containment services. This segment provides specialized containers and trucks for managing concrete waste, washout water, and other construction-related waste materials. The service helps construction companies comply with environmental regulations while providing cost-effective site management solutions. The company's equipment fleet includes approximately 820 boom pumps, 70 placing booms, 20 telebelts, 250 stationary pumps, and 90 waste management trucks, making it one of the largest concrete pumping fleets in North America.
Revenue model
Concrete Pumping Holdings generates revenue primarily through equipment rental and service fees charged to general contractors and concrete finishing companies. The business model is asset-intensive, requiring significant capital investment in specialized trucks and pumping equipment, but generates recurring revenue through daily or hourly rental rates. The company's revenue streams include: Equipment Rental Services: The primary revenue driver involves renting concrete pumping equipment along with trained operators to construction sites. Customers pay daily or hourly rates, typically ranging from several hundred to over a thousand dollars per day depending on equipment type and project complexity. This model provides relatively predictable revenue as construction projects often require pumping services for multiple days or weeks. Waste Management Services: The Eco-Pan division generates revenue by providing specialized containers, cleanup services, and waste disposal solutions. This segment has shown strong growth, increasing 15-19% annually, as it addresses both environmental compliance needs and cost reduction opportunities for contractors. Equipment Sales and Parts: A smaller portion of revenue comes from selling used equipment and replacement parts, though this represents a minimal percentage of total revenue. Several factors significantly impact the company's margins and profitability: Positive margin drivers include the company's ability to implement rate increases during periods of strong demand, operational efficiency improvements through better equipment utilization, and the defensive nature of concrete pumping services which are difficult to substitute. The company has successfully implemented rate recalibrations to offset inflationary pressures on labor, fuel, and equipment costs. Negative margin pressures come from weather-related disruptions that can reduce equipment utilization, fluctuating diesel fuel costs that directly impact operating expenses, labor inflation in the construction industry, and the cyclical nature of construction spending influenced by interest rates and economic conditions. High interest rates particularly impact commercial construction projects, which represent nearly 60% of the company's revenue mix, as developers delay projects due to financing costs.
Competitive moat
Concrete Pumping Holdings operates in a specialized niche with several competitive advantages, though its moat is moderate rather than insurmountable. The company's primary competitive strengths stem from the capital-intensive nature of the business and operational complexities that create barriers to entry. Asset Intensity and Scale Advantages: The business requires substantial upfront capital investment in specialized equipment, with individual boom pumps costing $400,000-$800,000. This creates a significant barrier for new entrants and allows established players like BBCP to achieve better equipment utilization rates across their large geographic footprint. The company's fleet of over 1,000 pieces of equipment represents a substantial competitive asset. Operational Expertise and Safety Requirements: Concrete pumping requires skilled operators and strict safety protocols, as the equipment operates under high pressure and often in challenging construction environments. BBCP's experienced workforce and safety record provide competitive advantages in winning contracts with major general contractors who prioritize reliability and risk management. Customer Relationships and Local Market Presence: The company has built long-term relationships with general contractors and concrete suppliers across its markets. Construction projects often require quick response times and local presence, making it difficult for distant competitors to serve these markets effectively. However, the company's moat faces several limitations: Limited Pricing Power: While concrete pumping is essential, it represents a relatively small portion of total construction costs, making customers price-sensitive. The company competes with numerous regional players and must constantly balance rate increases with market share retention. Cyclical Industry Exposure: The construction industry's cyclical nature means demand can fluctuate significantly based on economic conditions, interest rates, and weather patterns. This cyclicality limits the company's ability to maintain consistent pricing power. Technological Disruption Risk: While currently limited, potential advances in construction methods or concrete placement technology could eventually reduce demand for traditional pumping services. Overall, BBCP operates in a specialized niche with moderate competitive advantages, but lacks the pricing power and defensive characteristics of companies with stronger economic moats.
Risks & safety
The company presents a mixed margin of safety profile with reasonable financial stability but elevated leverage and cyclical risks. Liquidity and Solvency: - Strong cash position of $85.1 million as of Q1 2025 - Current ratio of 1.51x indicates adequate short-term liquidity - Net debt of approximately $340 million, down from higher levels - Debt-to-equity ratio of 1.70x represents elevated but manageable leverage - Positive free cash flow generation of $43 million in fiscal 2024 Valuation Metrics: - EV/EBITDA of 12.8x appears elevated relative to historical levels - Price-to-book ratio of 1.72x suggests modest premium to book value - Trading at approximately 21x forward earnings based on recent profitability - Graham net-net value is negative, indicating assets don't provide downside protection Other Considerations: - Cyclical industry exposure creates earnings volatility risk - Weather dependency can significantly impact quarterly results - Interest rate sensitivity through commercial construction exposure - Capital-intensive business model requires ongoing equipment investment - Management has demonstrated disciplined capital allocation with debt reduction and special dividends
Recent development
Over the past few years, Concrete Pumping Holdings has focused on strategic positioning for market recovery while maintaining financial discipline during challenging market conditions. The company has navigated through a period of commercial construction softness caused by elevated interest rates, which have delayed project starts and reduced construction activity. Market Positioning and Operational Strategy: Management has emphasized maintaining market share rather than aggressive expansion during the downturn, focusing on cost control initiatives and preserving margins through rate recalibrations. The company has demonstrated flexibility in shifting equipment between market segments, moving resources from weaker commercial markets to more resilient residential and emerging infrastructure projects. Capital Allocation and Balance Sheet Management: A key strategic focus has been debt reduction, with net debt decreasing by $42 million in fiscal 2024. The company achieved its target leverage ratio of approximately 3x and has maintained strong liquidity with over $85 million in cash. Management returned capital to shareholders through a special dividend of $1 per share in early 2025, demonstrating confidence in cash generation capabilities. Growth Segment Development: The Eco-Pan waste management division has emerged as a growth driver, consistently delivering 15-19% annual revenue increases. This segment addresses both environmental compliance requirements and cost reduction opportunities for contractors, with management noting they currently serve only 7% of the addressable market. Infrastructure Market Positioning: The company has positioned itself to benefit from the Infrastructure Investment and Jobs Act, with management noting increased activity in healthcare facilities, road and bridge projects, airports, and water infrastructure. While these projects have been slower to materialize than initially expected, they represent significant long-term growth potential. Geographic and Acquisition Strategy: The company has maintained a disciplined approach to mergers and acquisitions, waiting for improved business valuations as potential targets currently face margin pressures. Management continues to evaluate opportunities while focusing on organic growth and operational efficiency improvements.
BBCP company profile · for informational purposes only — not investment advice.
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