Concrete Pumping Holdings Inc. reported a 13% year-over-year increase in third-quarter revenue to $116.8 million, citing sustained demand for infrastructure and commercial construction. The company, which operates under the BBCP ticker on the NASDAQ, raised its full-year 2026 guidance for revenue to a range of $425–$435 million and adjusted EBITDA to $103–$108 million, both above prior projections.
The company’s U.S. concrete pumping segment generated $76.2 million in Q3 revenue, a 10% increase from the prior-year period, while Eco-Pan, its waste management unit, reported $21.9 million, up 14%. Trailing twelve-month revenue reached $423 million, with adjusted EBITDA of $106 million, representing a 25.1% margin. Free cash flow guidance was increased to approximately $50 million, implying a 10% yield to equity value.
Concrete Pumping also announced a regular quarterly dividend of $0.13 per share, payable October 2, with a record date of September 18. The annualized dividend implies a 5.65% yield based on the stock’s closing price of $9.05 on September 3, 2026. Shares rose 1.91% during the regular session and surged 14.36% in after-hours trading to $10.35, following the announcement.
The company operates in 9 of the 10 fastest-growing U.S. states by population and maintains an estimated 17% share of the $1.85 billion U.S. concrete pumping market. Its U.K. subsidiary, Camfaud, benefits from a projected increase in U.K. infrastructure spending from £14 billion in 2012 to £37 billion in 2025, with a £718 billion pipeline of projects planned through 2035. Major initiatives include the HS2 high-speed railway program and small modular reactor developments.
Concrete Pumping’s end-market revenue breakdown for Q3 showed commercial projects at 47%, infrastructure at 30%, and residential at 23%. The company’s fleet includes approximately 850 boom pump trucks and 530 stationary pumps. Management highlighted data centers and large-scale commercial projects as primary growth drivers for 2026.
The company’s leverage ratio stood at 3.6x adjusted EBITDA as of July 31, 2026, with a near-term target of 3.0x. Total available liquidity was approximately $357 million, including cash and asset-based lending availability. Concrete Pumping has repurchased approximately $38 million in shares since fiscal Q3 2022, with $12 million remaining authorized for buybacks as of July 31.
