Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) shares soared 18.67% to $10.74 after the bell on Thursday after the Colorado-based industrial services provider posted stronger-than-expected fiscal third-quarter results and unveiled its first-ever dividend.
The company announced results for the quarter ended Jul. 31.
Earnings, Revenue Beat Fuels Investor Optimism
Concrete Pumping reported revenue of $116.77 million, beating the analyst expectation of $109.51 million by 6.63%. This revenue represents 13% year-over-year growth.
The earnings per share for the quarter came in at $0.09, surpassing the estimated $0.08 by 12.5%.
Concrete Pumping’s net income increased 33% to $4.9 million, or $0.09 per diluted share. Adjusted EBITDA rose 13% to $30.4 million, while margins expanded to 26% from 25.8% a year earlier.
The board also approved a quarterly dividend of $0.13 per share, representing an initial yield of 5.6%. The dividend will be paid on Oct. 2 to stockholders of record as of the close of business on Sept. 18.
CEO Bruce Young said, “Concrete Pumping Holdings delivered another excellent quarter, highlighted by double-digit revenue and Adjusted EBITDA growth, reflecting continued momentum across our U.S. operations and disciplined execution throughout the business.”
Raised Guidance Adds To Bullish Case
The company now expects fiscal 2026 revenue to range from $425 million to $435 million, up from its previous forecast of $410 million to $425 million.
It also raised its Adjusted EBITDA guidance to $103 million to $108 million, compared with the earlier range of $98 million to $105 million.
Free cash flow is now expected to be approximately $50 million.
Trading Metrics, Technical Analysis
Concrete Pumping has a market capitalization of $456.06 million, a 52-week high of $12.19 and a 52-week low of $5.57.
The Relative Strength Index (RSI) of BBCP stands at 39.33.
The stock has gained 32.89% over the past 12 months.
BBCP is currently trading at about 52.6% of its 52-week trading range.
Price Action: In the regular session, the stock gained 1.91% to close at $9.05, according to Benzinga Pro data.
Benzinga’s Edge Stock Rankings indicate that BBCP is experiencing long-term upward movement along with medium and short-term consolidation.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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