Concrete Pumping Holdings, Inc. BBCP
Concrete Pumping Holdings, Inc. is a Delaware corporation headquartered in Thornton, Colorado. We refer to Concrete Pumping Holdings, Inc. as the "Company," "CPH,", "us", "we" or "our" in this Annual Report, and these designations include our subsidiaries unless we state otherwise.
CPH is a leading provider of concrete pumping services and concrete waste management services in the United States ("U.S.") and the United Kingdom ("U.K.") based on fleet size, primarily operating under what we believe are the only established, national concrete pumping brands in both geographies – Brundage-Bone Concrete Pumping, Inc. ("Brundage-Bone") for concrete pumping in the U.S., Camfaud Group Limited ("Camfaud") in the U.K., and Eco-Pan, Inc. ("Eco-Pan") for waste management services in both the U.S. and U.K. The Brundage-Bone business was founded in 1983 in Denver, Colorado. Since then, the Company has expanded across the U.S. and U.K. through more than 70 strategic acquisitions. Eco-Pan was founded in 1999 and was acquired by CPH in 2014.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $356.2M | $391.3M | $411.2M | $376.7M | $315.8M | $304.3M | — | $243.2M | — | — |
| Cost of revenue | $241.8M | $260.0M | $263.9M | $237.7M | $178.1M | $167.0M | — | $136.9M | — | — |
| Gross profit | $151.1M | $165.8M | $178.3M | $163.6M | $137.7M | $137.3M | — | $106.3M | — | — |
| SG&A | $109.6M | $116.5M | $116.9M | $113.5M | $99.4M | $111.1M | — | $58.8M | — | — |
| Operating income | $41.5M | $49.3M | $61.5M | $50.1M | $38.0M | -$31.7M | — | $40.0M | — | — |
| Interest expense | $31.6M | $25.9M | $28.1M | $25.9M | $25.2M | $34.4M | — | $21.4M | — | — |
| Pre-tax income | $10.1M | $24.3M | $40.6M | $34.2M | -$12.4M | -$66.2M | — | $18.6M | — | — |
| Income tax | $3.7M | $8.1M | $8.8M | $5.5M | $2.6M | $5.0M | — | $9.8M | — | — |
| Net income | $6.4M | $16.2M | $31.8M | $28.7M | -$15.1M | -$61.3M | — | $28.4M | — | — |
| EPS, basic | 0.09 | 0.27 | 0.54 | 0.48 | -0.31 | -1.20 | — | 2.72 | — | — |
| EPS, diluted | 0.09 | 0.26 | 0.54 | 0.47 | -0.31 | -1.20 | — | 2.47 | — | — |
| Shares, diluted (wtd. avg.) | $52.7M | $54.2M | $54.2M | $54.9M | $53.4M | $52.8M | — | $8.3M | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $44.4M | $43.0M | $15.9M | $7.5M | $9.3M | $6.7M | $7.5M | $4.0K | $6.9M | $0 |
| Receivables | $53.1M | $56.4M | $63.0M | $62.9M | $49.0M | $44.3M | $46.0M | $40.1M | — | — |
| Inventory | $7.4M | $5.9M | $6.7M | $5.5M | $4.9M | $4.6M | $5.3M | $3.8M | — | — |
| Total current assets | $113.4M | $112.4M | $94.3M | $81.6M | $67.6M | $60.0M | $62.8M | $56.5M | $1.1M | — |
| Property, plant and equipment | $412.5M | $415.7M | $427.6M | $419.4M | $337.8M | $304.3M | $307.4M | $201.9M | — | — |
| Goodwill | $223.6M | $223.0M | $221.5M | $220.2M | $224.7M | $223.2M | $276.1M | $0 | $73.5M | — |
| Other intangibles | $93.9M | $105.6M | $120.2M | $137.8M | $158.5M | $183.8M | $222.3M | $36.4M | — | — |
| Total assets | $879.5M | $898.0M | $904.5M | $887.5M | $792.7M | $773.8M | $871.4M | $370.1M | $236.3M | — |
| Accounts payable | $6.3M | $7.7M | $8.9M | $8.4M | $10.7M | $6.6M | $7.4M | $5.2M | $205.2K | — |
| Total current liabilities | $52.3M | $56.3M | $84.0M | $110.3M | $48.2M | $62.3M | $92.1M | $96.4M | $722.9K | — |
| Long-term debt | $417.9M | $373.3M | $371.9M | $370.5M | $369.1M | $343.9M | $360.9M | $173.5M | — | — |
| Total liabilities | $589.8M | $551.3M | $571.3M | $583.2M | $505.1M | $481.6M | $537.6M | $492.9M | $8.8M | — |
| Retained earnings | -$85.0M | -$38.2M | -$54.4M | -$86.2M | -$114.9M | -$99.8M | -$45.4M | -$28.3M | -$317.7K | — |
| Total equity | $264.8M | $321.7M | $308.2M | $279.3M | $262.6M | $267.1M | $317.0M | $217.6M | $19.2M | $0 |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $64.3M | $86.9M | $96.9M | $76.7M | $75.8M | $79.0M | — | $39.6M | — | — |
| Depreciation and amortisation | $53.5M | $57.1M | $39.8M | $34.9M | $28.8M | $28.3M | — | $17.7M | — | — |
| Stock-based compensation | $2.0M | $2.4M | $3.8M | $5.0M | $6.6M | $11.5M | — | $281.0K | — | — |
| Capital expenditure | $46.8M | $43.8M | $54.5M | $101.9M | $62.8M | $39.3M | — | $31.7M | — | — |
| Investing cash flow | -$37.3M | -$32.1M | -$44.2M | -$124.1M | -$56.6M | -$35.9M | — | -$49.5M | — | — |
| Financing cash flow | -$25.8M | -$28.8M | -$44.3M | $46.0M | -$16.0M | -$43.9M | — | $13.0M | — | — |
| Dividends paid | $53.1M | $0 | — | — | — | — | — | — | — | — |
| Buybacks | $14.2M | $10.2M | $10.5M | $4.1M | $330.0K | $131.0K | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001437749-26-001203.
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