BBCPNasdaqConstruction - Special Trade ContractorsUS GAAP · USD

Concrete Pumping Holdings, Inc.

Concrete Pumping Holdings, Inc. provides concrete pumping and concrete waste management services in the United States and the United Kingdom through its Brundage-Bone, Camfaud, Premier Concrete Pumping, and Eco-Pan brands. The company is built around a national fleet and branch network that can handle large, technically complex construction projects and cross-sell washout services to the same contractor base.

Revenue393m USD
−7.7 %y/y
Operating profit (EBIT)41.5m USD
−15.8 %y/y
EBIT margin10.6%
−1.0 ppy/y
Net income6.4m USD
−60.7 %y/y
Free cash flow17.5m USD
−59.3 %y/y

Fiscal year 2025 · change from previous year

Development 2020–2025

-1000100200300400500m USD2020: 304 m USD2020: EBIT -32 m USD20202021: 316 m USD2021: EBIT 38 m USD20212022: 401 m USD2022: EBIT 50 m USD20222023: 442 m USD2023: EBIT 61 m USD20232024: 426 m USD2024: EBIT 49 m USD20242025: 393 m USD2025: EBIT 42 m USD202539342
RevenueOperating profit (EBIT)

Business

Share of revenue
Concrete pumping services82 %

Mobile concrete pumping for placing concrete on job sites, including large and complex projects.

Concrete waste management services18 %

Eco-Pan washout and concrete waste containment services sold to the same contractor base.

Customers

The company sells mainly to general contractors, concrete contractors, and concrete finishing companies working on commercial, infrastructure, and residential projects. It also serves regional operators that buy replacement parts, and its project-based model means demand tracks construction activity, weather, and project timing. Customer concentration is low, with the top ten customers representing less than 10% of revenue and long-standing relationships across more than 16,000 customers.

General contractors

Buy concrete pumping capacity for commercial and infrastructure projects where speed, reach, and reliability matter.

Concrete contractors and finishers

Use pumping services to place concrete efficiently on residential and commercial jobs.

Infrastructure project owners and contractors

Buy pumping services for technically complex pours that require larger fleets and experienced operators.

Regional operators

Buy replacement parts and related support because they lack the scale to maintain large inventories.

Existing pumping customers

Buy Eco-Pan washout services as a cross-sell tied to ongoing pumping relationships.

Strategy

Management is focused on using its national fleet and branch network to win larger, more complex projects where pricing and service reliability are better. It also plans to grow through acquisitions and to expand Eco-Pan by adding locations and cross-selling washout services to existing pumping customers. The strategy is designed to improve utilization, deepen customer relationships, and offset the fragmented nature of the industry.

Win complex commercial and infrastructure projectsShort term

These jobs generally command higher prices and fit the company's large-fleet capabilities.

Expand Eco-Pan and cross-sell servicesMedium term

Adds a complementary revenue stream and increases wallet share with existing customers.

Use acquisitions to strengthen market positionMedium term

M&A can add density, local market coverage, and customer relationships in a fragmented industry.

Geography

Q3/2025

The business is concentrated in the U.S. and the U.K., with U.K. operations representing 15% of total revenue in fiscal 2025. In the U.S., the company operates about 90 branch locations across 22 states, while the U.K. network includes roughly 35 locations serving both pumping and waste management customers. Geographic dispersion helps it redeploy equipment to stronger markets, but it also exposes results to regional weather, local construction cycles, and country-specific demand conditions.

United States85 %
United Kingdom15 %

Share of the revenue the company reports by geography.

Risks

Demand is tied to construction spending, so high interest rates, inflation, tariffs, and project delays can quickly reduce volumes and pricing. The company also depends on a small group of equipment suppliers and on fleet age management, which can raise maintenance costs and hurt competitiveness if replacement cycles slip. Weather, regional construction slowdowns, and goodwill impairment risk add further volatility because the business relies on utilization and asset values staying strong.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Construction cycle slowdown1Supplier dependence2Goodwill impairment3Fleet age and maintenance4Weather and regional disruption5
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Construction cycle slowdownImpact: HighLikelihood: High

    Most revenue comes from commercial, infrastructure, and residential construction, so weaker spending lowers demand.

    ExposureProject delaysCancellationsLower utilization
  2. Supplier dependenceImpact: HighLikelihood: Medium

    The company relies on a small group of manufacturers for pumping equipment and parts.

    ExposureSchwingPutzmeisterAllianceRelated supply chain
  3. Goodwill impairmentImpact: HighLikelihood: Medium

    Reporting units are sensitive to discount rates and revenue assumptions, especially U.S. Concrete Pumping.

    Exposure: Non-cash impairment charges if forecasts weaken

  4. Fleet age and maintenanceImpact: MediumLikelihood: Medium

    An aging fleet can increase operating costs and make the service offering less attractive.

    Exposure: Replacement capex and repair expense

  5. Weather and regional disruptionImpact: MediumLikelihood: Medium

    Operations are local and project-based, so storms and rainfall can defer work and reduce volumes.

    ExposureCentralMountainMidwestSouthSoutheast U.S. regions

Accounting

Judgemental items
Revenue timing and seasonality

Project starts, weather, and construction delays can move revenue between periods.

Impact: Quarterly comparability and utilization metrics

Goodwill impairment testing

U.S. Concrete Pumping goodwill is sensitive to discount rates and forecasted cash flows.

Impact: Potential non-cash impairment charges

Intangible asset impairment

Brand values are tested using expected future revenues and royalty assumptions.

Impact: Could reduce reported assets if forecasts weaken

Depreciation of fleet assets

A large equipment base requires ongoing depreciation and replacement assumptions.

Impact: Affects operating profit and capital intensity

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026