Concrete Pumping Holdings Q2 Revenue Up 14%, EBITDA Jumps 17% and Raises Outlook
BBCP•Concrete Pumping Holdings reported Q2 revenue of $106.8 million, a 14% gain, with income from operations rising 46% to $12.1 million. Adjusted EBITDA climbed 17.4% to $26.4 million and management raised the full-year outlook based on strong commercial and infrastructure project momentum.
1. Strong Second Quarter Results
Concrete Pumping Holdings reported revenue of $106.8 million in Q2, up 14%, with income from operations rising 46% to $12.1 million, net income of $2.5 million versus a prior-year loss, and Adjusted EBITDA increasing 17.4% to $26.4 million with a 24.7% margin.
2. Segment Performance
U.S. Concrete Pumping revenue climbed 15.2% to $71.5 million with Adjusted EBITDA up 23.4% to $15.6 million and net income improving, while U.S. Concrete Waste Management revenue rose 12.7% to $20.3 million, driven by organic volume growth and pricing improvements in infrastructure projects.
3. Financial Position and Outlook
The company ended Q2 with debt of $425.6 million, net debt of $386.9 million, $346.3 million in available liquidity, and a 3.8x leverage ratio, and raised its full-year outlook based on strong momentum in commercial, data center, and infrastructure construction markets.
