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Concrete Pumping Holdings (BBCP)
NASDAQ:BBCP
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Earnings Data
Report Date
Jan 08, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.16Last Year’s EPS
$0.16Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Sep 04, 2024
|% Change Since: 25.61%
|Next Earnings Date:Jan 08, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a mix of positive and negative aspects. The company highlighted strong growth in the Concrete Waste Management segment and improvements in infrastructure projects. However, significant challenges were noted in the U.S. Concrete Pumping segment due to weather-related delays and a slowdown in commercial construction impacted by high interest rates. While the balance sheet and free cash flow remain strong, the overall market conditions have created pressures.Company Guidance
During the Q3 2024 earnings call for Concrete Pumping Holdings, executives provided guidance reflecting a challenging market environment influenced by high interest rates and adverse weather conditions. The company adjusted its full-year fiscal 2024 outlook, now anticipating revenue between $420 million and $430 million and adjusted EBITDA ranging from $108 million to $113 million. Despite a decline in revenue, primarily in the U.S. Concrete Pumping segment, the company maintained an adjusted EBITDA margin of approximately 29%. Free cash flow is projected to be at least $67 million, with a year-end leverage ratio of around 3x. The company emphasized its robust balance sheet, strategic cost management, and disciplined approach to fleet utilization, positioning itself for recovery as market conditions improve.Strong Performance in Concrete Waste Management
The Concrete Waste Management Services segment, operating under the Eco-Pan brand, increased revenue by 15% to $18.5 million, driven by robust organic growth and pricing improvements.
Balance Sheet and Free Cash Flow Strength
The company strengthened its balance sheet by paying down debt, preserving robust free cash flow, and improving adjusted EBITDA margins. Total debt decreased by nearly $25 million, and the net debt-to-EBITDA leverage ratio is now 3.1x.
Infrastructure Segment Growth
Revenue in the infrastructure markets grew year-over-year by 5% in the third quarter, driven by resilience in U.K. infrastructure projects and expanding U.S. national footprint.
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BBCP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BBCP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Sep 04, 2024 | $5.74 | $5.17 | -9.93% |
| Jun 06, 2024 | $7.53 | $6.56 | -12.88% |
| Mar 07, 2024 | $8.21 | $7.80 | -4.99% |
| Jan 11, 2024 | $7.94 | $7.91 | -0.38% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Concrete Pumping Holdings (BBCP) report earnings?
Concrete Pumping Holdings (BBCP) is schdueled to report earning on Jan 08, 2025, TBA Not Confirmed.
What is Concrete Pumping Holdings (BBCP) earnings time?
Concrete Pumping Holdings (BBCP) earnings time is at Jan 08, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BBCP EPS forecast?
BBCP EPS forecast for the fiscal quarter 2024 (Q4) is $0.16.
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