Concrete Pumping Holdings reported fourth quarter revenue of $108.8 million, down from $111.5 million a year earlier, driven primarily by softness in residential construction and a moderate decline in commercial activity. Gross profit fell to $43.3 million, from $46.2 million, compressing gross margin by 170 basis points to 39.8%. Operating income declined to $16.9 million versus $19.2 million, while net income attributable to common shareholders was $4.9 million, or $0.09 per diluted share, compared with $9.0 million, or $0.16 per share. Adjusted EBITDA amounted to $30.7 million, with a margin of 28.2%, down from $33.7 million and 30.2% in the prior-year quarter.

For fiscal 2025, revenue totaled $392.9 million, down from $425.9 million in fiscal 2024, as volume declines in U.S. concrete pumping weighed on results and severe weather events disrupted project schedules. Full-year gross profit was $151.1 million versus $165.8 million, and net income attributable to common shareholders was $4.6 million, or $0.09 per diluted share, compared with $14.5 million, or $0.26 per share, last year. U.S. concrete pumping segment revenue fell to $260.5 million, resulting in a net loss of $1.9 million, while the U.S. waste management segment grew revenue by 6% to $75.4 million and delivered $5.9 million of net income. U.K. operations saw a 13% revenue decline on a constant-currency basis, generating $2.4 million of net income for the year.

As of October 31, 2025, the company had $425.0 million of debt outstanding, net debt of $380.6 million and $359.5 million of total available liquidity. Management expects fiscal 2026 revenue in the range of $390.0 million to $410.0 million, Adjusted EBITDA of $90.0 million to $100.0 million and free cash flow of at least $40.0 million, reflecting continued cautious capital deployment through selective share repurchases and targeted acquisitions while preserving flexibility under upcoming emissions regulations.