Concrete Pumping Holdings Shares Fall After Cutting Sales Outlook

Dow Jones

2025/06/07

By Kelly Cloonan

Concrete Pumping Holdings' stock were lower Friday after the company cut its outlook for full-year sales as it expects the construction market will take longer to recover.

Shares were recently down 18% at $5.79. The stock has lost 23% of its value over the past 12 months.

The concrete-pumping services provider on Thursday lowered its revenue guidance for the full year to $380 million to $390 million from a prior range of $400 million to $420 million.

The updated outlook assumes the construction market will not start to meaningfully recover until fiscal 2026, the company said.

For the fiscal second quarter, the company posted a loss of $4,000 compared with a profit of $3 million the prior year. The quarterly loss per share was 1 cent, below the earnings of 4 cents a share that analysts polled by FactSet had expected.

Revenue fell to $94 million from $107.1 million, below the $98.5 million estimated by analysts, according to FactSet.

The company continued to face a challenging construction environment in the quarter amid macroeconomic headwinds and regional weather disruptions, Chief Executive Bruce Young said.

Write to Kelly Cloonan at kelly.cloonan@wsj.com

(END) Dow Jones Newswires

June 06, 2025 12:52 ET (16:52 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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