BBCP earnings analysis
What we found in BBCP's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
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.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- 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%.
- 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%.
- 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.
- 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.
- 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.
- 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.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- 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.
- 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.
- 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.
What they reported.
What the company itself reported, taken out of the document.
- 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 they said about what is next.
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.
The filing reads better than the one before it.
What came before.
- 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…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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