What Happened?
Shares of concrete and waste management company Concrete Pumping (NASDAQ: BBCP) fell 15.6% in the afternoon session after the company reported weak first quarter 2025 (fiscal Q2) results, which missed Wall Street's sales, operating profit, and earnings estimates. In addition, its full-year revenue and EBITDA guidance fell short of Wall Street's estimates.
Sales fell 12%, with commercial and residential construction delays, weather-related disruptions, and macroeconomic uncertainty dragging on performance. Full-year guidance reflected management's expectation that construction demand will not rebound until 2026. Overall, this was a weaker quarter.
The shares closed the day at $6.06, down 14.3% from previous close.
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What The Market Is Telling Us
Concrete Pumping’s shares are very volatile and have had 26 moves greater than 5% over the last year. But moves this big are rare even for Concrete Pumping and indicate this news significantly impacted the market’s perception of the business.
The biggest move we wrote about over the last year was 3 months ago when the stock dropped 17.4% on the news that the company reported weak fourth-quarter 2024 (fiscal Q1 2025) results: Its full-year EBITDA guidance missed significantly and its sales, adjusted EBITDA, and EPS fell short of Wall Street's estimates.
What jumped at us was the 11.5% year-on-year sales decline, primarily due to a slowdown in commercial construction and severe weather disruptions in key U.S. regions. The U.S. concrete pumping segment was hit hardest, with revenue falling 14.6%, while the U.K. segment also struggled, posting a 16.7% decline. Overall, this was a challenging quarter.
Concrete Pumping is down 8.4% since the beginning of the year, and at $6.07 per share, it is trading 32.9% below its 52-week high of $9.04 from January 2025. Investors who bought $1,000 worth of Concrete Pumping’s shares 5 years ago would now be looking at an investment worth $1,506.
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