Company raises FY 2026 revenue outlook to $425 mln-$435 mln from $410 mln-$425 mln
Company lifts FY 2026 adjusted EBITDA forecast to $103 mln-$108 mln from $98 mln-$105 mln
Company expects FY 2026 free cash flow of about $50 mln, up from $45 mln prior
Overview
US concrete pumping and waste management provider's fiscal Q3 revenue up 13%, beating analyst expectations
Adjusted EBITDA for fiscal Q3 rose 13% yr/yr
Company raised full-year outlook and initiated quarterly cash dividend program
Result drivers
Commercial and infrastructure demand - Co said higher commercial and infrastructure construction demand, especially for data centers, drove revenue growth
Eco-Pan growth - Eco-Pan waste management business benefited from organic growth, pricing discipline and new customer wins
Weak residential and UK markets - Residential and light commercial construction remained challenged and UK market conditions were subdued, partially offsetting gains
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the construction & engineering peer group is "buy"
Wall Street's median 12-month price target for Concrete Pumping Holdings Inc is $13.50, about 52% above its September 2 closing price of $8.88
The stock recently traded at 35 times the next 12-month earnings vs. a P/E of 42 three months ago
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