10-Q · June 4, 2026
Concrete Pumping Holdings, Inc. (BBCP) reported strong Q2 2026 results with revenues of $106.8 million, exceeding estimates of $96.7 million, reflecting a substantial 13.7% increase year-over-year. EPS also surged to…
Earnings analysis · 10-Q
BBCP earnings analysis
Filed September 3, 2026 · Our reading of the company's report
The latest report
BBCP delivered $116.766 million of revenue and $0.09 diluted EPS, increasing 12.3% and 28.6%, respectively, from Q3 2025 and beating consensus by 6.6% on revenue and 12.5% on EPS. Gross margin was broadly stable…
Read full summary
BBCP delivered $116.766 million of revenue and $0.09 diluted EPS, increasing 12.3% and 28.6%, respectively, from Q3 2025 and beating consensus by 6.6% on revenue and 12.5% on EPS. Gross margin was broadly stable sequentially at 38.7%, although it declined from 39.0% year over year and U.K. Adjusted EBITDA fell 16.2% to $3.2 million. Management raised fiscal 2026 revenue, Adjusted EBITDA and free cash flow outlooks, supporting a bullish assessment despite U.K. profitability and fuel-inflation headwinds.
Reported figures
- Earnings per share
- $0.09
- Gross margin
- 38.7%
- Segment
- U.S. operations: management identified U.S. operations as the primary growth driver, but the filing excerpt does not provide segment revenue.
- Segment
- U.K. operations: Adjusted EBITDA was $3.2 million, down 16.2% year over year.
What stood out
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Revenue Beat and Double-Digit Growth
Revenue was $116.766 million, up approximately 9.1% from $107 million in Q2 2026 and 12.3% from $104 million in Q3 2025. Revenue exceeded the $109.506 million consensus estimate by 6.6%.
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EPS Beat Estimates
Diluted EPS was $0.09 versus $0.04 in Q2 2026 and $0.07 in Q3 2025, exceeding the $0.08 consensus estimate by 12.5%.
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Gross Margin Stabilized Sequentially
Gross margin was 38.7%, modestly above 38.6% in Q2 2026 but below 39.0% in Q3 2025, indicating sequential stabilization but a 0.3-percentage-point year-over-year decline.
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Full-Year Outlook Raised
Fiscal 2026 revenue guidance was raised to $425.0 million-$435.0 million from $410.0 million-$425.0 million, while Adjusted EBITDA guidance increased to $103.0 million-$108.0 million from $98.0 million-$105.0 million.
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Repurchase Authorization Extended
The board extended the share repurchase program expiration from December 31, 2026 to November 30, 2028; approximately $11.9 million remained available under the program as of July 31, 2026.
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Controls Remained Effective
Management concluded that disclosure controls and procedures were effective as of July 31, 2026, and reported no changes in internal control that materially affected or were reasonably likely to materially affect those controls during the quarter.
What to watch
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U.K. Profitability Declined
U.K. Adjusted EBITDA declined 16.2% year over year to $3.2 million, creating a material drag on profitability despite growth in U.S. operations.
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Fuel Inflation Pressured Margins
Gross margin fell to 38.7% from 39.0% in Q3 2025, with fuel inflation identified as a headwind. The 0.3-percentage-point year-over-year contraction could limit operating leverage.
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No New Risk-Factor Relief
The filing states there were no material changes to previously disclosed risk factors, so leverage, capital spending and end-market risks remain applicable; the company had approximately $11.9 million available under its repurchase program as of July 31, 2026.
Management's outlook
Fiscal 2026 revenue guidance was raised to $425.0 million-$435.0 million from $410.0 million-$425.0 million; Adjusted EBITDA guidance was raised to $103.0 million-$108.0 million from $98.0 million-$105.0 million; free cash flow guidance was increased to approximately $50.0 million from $45.0 million.
Earlier filings 1
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.