Concrete Pumping Holdings, Inc 8-K, filed Jan 13, 2026

Concrete Pumping Holdings, Inc. (BBCP)

8-K 2026-01-13 For: 2026-01-13

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Added on April 09, 2026

About this 8-K

Concrete Pumping Holdings, Inc filed this 8-K on January 13, 2026.

Items reported

Item 2.02: Financial results
Item 9.01: Financial statements and exhibits

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Delaware	001-38166	83-1779605
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, par value $0.0001 per share	BBCP	The Nasdaq Stock Market LLC

Exhibit No.		Description
99.1		Press Release dated January 13, 2026
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

	CONCRETE PUMPING HOLDINGS, INC.


	By:	/s/ Iain Humphries
		Name: Iain Humphries
		Title: Chief Financial Officer and Secretary

Dated: January 13, 2026

	●	Revenue of $108.8 million compared to $111.5 million.
	●	Gross profit of $43.3 million compared to $46.2 million.
	●	Income from operations of $16.9 million compared to $19.2 million.
	●	Net income of $5.3 million compared to $9.4 million.
	●	Net income attributable to common shareholders was $4.9 million, or $0.09 per diluted share, compared to $9.0 million, or $0.16 per diluted share.
	●	Adjusted EBITDA¹ of $30.7 million compared to $33.7 million, with Adjusted EBITDA margin¹ of 28.2% compared to 30.2%.
	●	Amounts outstanding under debt agreements were $425.0 million with net debt¹ of $380.6 million. Total available liquidity at quarter end was $359.5 million compared to $378.0 million one year ago.
	●	Leverage ratio¹ at quarter end of 3.9x.

	●	Revenue of $392.9 million compared to $425.9 million.
	●	Gross profit of $151.1 million compared to $165.8 million.
	●	Income from operations of $41.5 million compared to $49.3 million.
	●	Net income of $6.4 million compared to $16.2 million.
	●	Net income attributable to common shareholders of $4.6 million compared to $14.5 million. Diluted earnings per share of $0.09 compared to $0.26 per diluted share.
	●	Adjusted EBITDA¹ of $97.0 million compared to $112.1 million, with Adjusted EBITDA margin¹ of 24.7% compared to 26.3%.

	As of October 31,			As of October 31,
(in thousands, except per share amounts)	2025			2024
Current assets:
Cash and cash equivalents	$	44,394		$	43,041
Receivables, net of allowance for doubtful accounts of $905 and $916, respectively		53,132			56,441
Inventory		7,419			5,922
Prepaid expenses and other current assets		8,408			6,956
Total current assets		113,353			112,360

Property, plant and equipment, net		412,516			415,726
Intangible assets, net		93,933			105,612
Goodwill		223,581			222,996
Right-of-use operating lease assets		22,943			26,179
Other non-current assets		11,195			12,578
Deferred financing costs		2,021			2,539
Total assets	$	879,542		$	897,990

Current liabilities:
Revolving loan	$	-		$	20
Operating lease obligations, current portion		4,851			4,817
Accounts payable		6,267			7,668
Accrued payroll and payroll expenses		11,973			14,303
Accrued expenses and other current liabilities		28,730			28,673
Income taxes payable		463			850
Total current liabilities		52,284			56,331

Long term debt, net of discount for deferred financing costs		417,891			373,260
Operating lease obligations, non-current		18,659			21,716
Deferred income taxes		89,431			86,647
Other liabilities, non-current		11,488			13,321
Total liabilities		589,753			551,275


Zero-dividend convertible perpetual preferred stock, $0.0001 par value, 2,450,980 shares issued and outstanding as of October 31, 2025 and October 31, 2024		25,000			25,000

Stockholders' equity
Common stock, $0.0001 par value, 500,000,000 shares authorized, 51,272,503 and 53,273,644 issued and outstanding as of October 31, 2025 and October 31, 2024, respectively		6			6
Additional paid-in capital		389,880			386,313
Treasury stock		(41,687	)		(25,881	)
Accumulated other comprehensive income (loss)		1,589			(483	)
Accumulated deficit		(84,999	)		(38,240	)
Total stockholders' equity		264,789			321,715

Total liabilities and stockholders' equity	$	879,542		$	897,990

	Three Months Ended October 31,						Year Ended October 31,
(in thousands, except per share amounts)	2025			2024			2025			2024

Revenue	$	108,787		$	111,482		$	392,867		$	425,872
Cost of operations		65,477			65,234			241,751			260,038
Gross profit		43,310			46,248			151,116			165,834
Gross margin		39.8	%		41.5	%		38.5	%		38.9	%

General and administrative expenses		26,454			27,037			109,585			116,487
Income from operations		16,856			19,211			41,531			49,347

Interest expense and amortization of deferred financing costs		(8,402	)		(6,136	)		(31,570	)		(25,880	)
Loss on extinguishment of debt		-			-			(1,392	)		-
Interest income		202			160			1,148			308
Change in fair value of warrant liabilities		-			-			-			130
Other income, net		45			46			335			406
Income before income taxes		8,701			13,281			10,052			24,311

Income tax expense		3,384			3,854			3,679			8,104

Net income		5,317			9,427			6,373			16,207

Less preferred shares dividends		(441	)		(440	)		(1,750	)		(1,750	)

Income available to common shareholders	$	4,876		$	8,987		$	4,623		$	14,457

Weighted average common shares outstanding
Basic		51,273			53,505			52,142			53,543
Diluted		51,567			53,597			52,686			54,238

Net income per common share
Basic	$	0.10		$	0.17		$	0.09		$	0.27
Diluted	$	0.09		$	0.16		$	0.09		$	0.26

	For the Year Ended October 31,
(in thousands, except per share amounts)	2025			2024

Net income	$	6,373		$	16,207
Adjustments to reconcile net loss to net cash provided by operating activities:
Non-cash operating lease expense		5,265			5,103
Foreign currency adjustments		-			(1,234	)
Depreciation		41,706			41,969
Deferred income taxes		2,518			5,281
Amortization of deferred financing costs		1,729			1,803
Amortization of intangible assets		11,837			15,141
Stock-based compensation expense		2,048			2,394
Change in fair value of warrant liabilities		-			(130	)
Loss on extinguishment of debt		1,392			-
Net gain on the sale of property, plant and equipment		(1,025	)		(2,309	)
Other operating activities		(272	)		(78	)
Net changes in operating assets and liabilities:
Receivables		3,539			7,164
Inventory		(1,204	)		600
Other operating assets		(3,448	)		632
Accounts payable		(1,522	)		(1,679	)
Other operating liabilities		(4,621	)		(3,964	)
Net cash provided by operating activities		64,315			86,900

Cash flows from investing activities:
Purchases of property, plant and equipment		(46,787	)		(43,810	)
Proceeds from sale of property, plant and equipment		9,492			11,679
Net cash used in investing activities		(37,295	)		(32,131	)

Cash flows from financing activities:
Proceeds on long term debt		425,000			-
Payments on long term debt		(375,000	)		-
Proceeds on revolving loan		256,233			313,170
Payments on revolving loan		(256,254	)		(332,104	)
Dividends paid		(53,132	)
Payment of debt issuance costs		(8,163	)		(953	)
Purchase of treasury stock		(14,167	)		(10,160	)
Other financing activities		(274	)		1,279
Net cash used in financing activities		(25,757	)		(28,768	)
Effect of foreign currency exchange rate changes on cash		90			1,179
Net increase in cash and cash equivalents		1,353			27,180
Cash and cash equivalents:
Beginning of period		43,041			15,861
End of period	$	44,394		$	43,041

	Three Months Ended October 31,				Change
(in thousands, unless otherwise stated)	2025		2024		$			%
U.S. Concrete Pumping		72,161	$	74,504	$	(2,343	)		(3.1	)%
U.S. Concrete Waste Management Services⁽¹⁾		21,329		19,837		1,492			7.5	%
U.K. Operations		15,297		17,142		(1,845	)		(10.8	)%
Total revenue	$	108,787	$	111,483	$	(2,696	)		(2.4	)%

	Three Months Ended October 31, 2024						Year Ended October 31, 2024
(in thousands)	U.S. Concrete Pumping			U.S. Concrete Waste Management Services			U.S. Concrete Pumping			U.S. Concrete Waste Management Services
As Previously Reported
Net income (loss)	$	1,994		$	5,716		$	(2,315	)	$	14,241
Interest expense and amortization of deferred financing costs		5,300			-			22,823			-
EBITDA		19,195			9,159			62,358			28,040
Stock-based compensation		477			-			2,394			-
Other expense (income), net		(21	)		(10	)		(300	)		(20	)
Other Adjustments		(318	)		-			2,912			-
Adjusted EBITDA		19,333			9,149			67,364			28,020

Recast Adjustment
Net income (loss)	$	1,784		$	(1,784	)	$	8,781		$	(8,781	)
Interest expense and amortization of deferred financing costs		(1,552	)		1,552			(6,363	)		6,363
EBITDA		232			(232	)		2,418			(2,418	)
Stock-based compensation		(136	)		136			(656	)		656
Other expense (income), net		-			-			65			(65	)
Other Adjustments		315			(315	)		(127	)		127
Adjusted EBITDA		411			(411	)		1,700			(1,700	)

Current Report as Recast
Net income	$	3,778		$	3,932		$	6,466		$	5,460
Interest expense and amortization of deferred financing costs, net of interest income		3,748			1,552			16,460			6,363
EBITDA		19,427			8,927			64,776			25,622
Stock-based compensation		341			136			1,738			656
Other expense (income), net		(21	)		(10	)		(235	)		(85	)
Other Adjustments		(3	)		(315	)		2,785			127
Adjusted EBITDA		19,744			8,738			69,064			26,320

	Net Income (Loss)
	Three Months Ended October 31,						Change
(in thousands, unless otherwise stated)	2025			2024			$			%
U.S. Concrete Pumping	$	1,131		$	3,778		$	(2,647	)		(70.1	)%
U.S. Concrete Waste Management Services		3,037			3,932			(895	)		(22.8	)%
U.K. Operations		1,154			1,720			(566	)		(32.9	)%
Other		(5	)		(3	)		(2	)		*
Total	$	5,317		$	9,427		$	(4,110	)		(43.6	)%
*Change is not meaningful

	Adjusted EBITDA
	Three Months Ended October 31,						Change
(in thousands, unless otherwise stated)	2025			2024			$			%
U.S. Concrete Pumping	$	17,507		$	19,744		$	(2,237	)		(11.3	)%
U.S. Concrete Waste Management Services		9,067			8,738			329			3.8	%
U.K. Operations		4,092			5,196			(1,104	)		(21.2	)%
Total	$	30,666		$	33,678		$	(3,012	)		(8.9	)%

(dollars in millions)	Revenue		Net Income			Adjusted EBITDA¹		Capital Expenditures²		Adjusted EBITDA less Capital Expenditures		Earnings Per Diluted Share

Q1 2024	$	98	$	(4	)	$	19	$	17	$	3	$	(0.08	)
Q2 2024	$	107	$	3		$	28	$	7	$	21	$	0.05
Q3 2024	$	110	$	8		$	32	$	6	$	26	$	0.13
Q4 2024	$	111	$	9		$	34	$	2	$	32	$	0.16
Q1 2025	$	86	$	(3	)	$	17	$	4	$	13	$	(0.06	)
Q2 2025	$	94	$	-		$	22	$	12	$	10	$	(0.01	)
Q3 2025	$	104	$	4		$	27	$	12	$	15	$	0.07
Q4 2025	$	109	$	5		$	31	$	9	$	22	$	0.09

¹Adjusted EBITDA is a financial measure that is not calculated in accordance with Generally Accepted Accounting Principles in the United States ("GAAP"). See "Non-GAAP Financial Measures" below for a discussion of the definition of this measure and reconciliation of such measure to its most comparable GAAP measure.
²Information on M&A or growth investments included in net capital expenditures have been included for relevant quarters below:
*Q1 2024 capex includes approximately $5 million growth investment.
*Q2 2024 capex includes approximately $1 million M&A and $3 million growth investment.
*Q3 2024 capex includes approximately $4 million growth investment.
*Q4 2024 capex includes approximately $3 million growth investment.
*Q1 2025 capex includes approximately $2 million growth investment.
*Q2 2025 capex includes approximately $2 million growth investment.
*Q3 2025 capex includes approximately $3 million growth investment.
*Q4 2025 capex includes approximately $2 million growth investment.

	Three Months Ended October 31,						Year Ended October 31,
(dollars in thousands)	2025			2024			2025			2024
Consolidated
Net income	$	5,317		$	9,427		$	6,373		$	16,207
Interest expense and amortization of deferred financing costs, net of interest income		8,200			5,976			30,422			25,572
Income tax expense		3,384			3,854			3,679			8,104
Depreciation and amortization		13,121			14,283			53,543			57,110
EBITDA		30,022			33,540			94,017			106,993
Loss on debt extinguishment		-			-			1,392			-
Stock based compensation		617			477			2,048			2,394
Change in fair value of warrant liabilities		-			-			-			(130	)
Other income, net		(45	)		(47	)		(335	)		(406	)
Other adjustments⁽¹⁾		72			(290	)		(105	)		3,295
Adjusted EBITDA	$	30,666		$	33,680		$	97,017		$	112,146

U.S. Concrete Pumping
Net income (loss)	$	1,131		$	3,778		$	(1,924	)	$	6,466
Interest expense and amortization of deferred financing costs, net of interest income		5,057			3,748			18,584			16,460
Income tax expense (benefit)		2,279			2,185			483			1,758
Depreciation and amortization		8,583			9,716			35,809			40,092
EBITDA		17,050			19,427			52,952			64,776
Loss on debt extinguishment		-			-			862			-
Stock based compensation		419			341			1,388			1,738
Other income, net		(24	)		(21	)		(185	)		(235	)
Other adjustments⁽¹⁾		62			(3	)		(114	)		2,785
Adjusted EBITDA	$	17,507		$	19,744		$	54,903		$	69,064

U.S. Concrete Waste Management Services
Net income	$	3,037		$	3,932		$	5,853		$	5,460
Interest expense and amortization of deferred financing costs, net of interest income		2,386			1,552			8,881			6,363
Income tax expense		866			983			2,310			4,450
Depreciation and amortization		2,574			2,460			10,002			9,349
EBITDA		8,863			8,927			27,046			25,622
Loss on debt extinguishment		-			-			530			-
Stock based compensation		198			136			660			656
Other income, net		(4	)		(10	)		(90	)		(85	)
Other adjustments		10			(315	)		-			127
Adjusted EBITDA	$	9,067		$	8,738		$	28,146		$	26,320

	October 31,			January 31,			April 30,			July 31,			October 31,
(in thousands)	2024			2025			2025			2025			2025
Senior Notes		375,000			425,000			425,000			425,000			425,000
Revolving loan draws outstanding		20			-			-			-			-
Less: Cash		(43,041	)		(85,132	)		(37,788	)		(41,001	)		(44,394	)
Net debt	$	331,979		$	339,868		$	387,212		$	383,999		$	380,606

(dollars in thousands)	Q1 2024			Q2 2024			Q3 2024			Q4 2024			Q1 2025			Q2 2025			Q3 2025			Q4 2025
Consolidated
Net income (loss)	$	(3,826	)	$	3,046		$	7,560		$	9,427		$	(2,639	)	$	(4	)	$	3,699		$	5,317
Interest expense and amortization of deferred financing costs, net of interest income		6,463			6,873			6,261			5,976			5,802			8,294			8,126			8,200
Income tax expense (benefit)		(1,011	)		2,180			3,081			3,854			(1,036	)		(2	)		1,333			3,384
Depreciation and amortization		14,097			14,239			14,491			14,283			13,200			13,584			13,638			13,121
EBITDA		15,723			26,338			31,393			33,540			15,327			21,872			26,796			30,022
Loss on debt extinguishment		-			-			-			-			1,392			-			-			-
Stock based compensation		536			737			644			477			367			538			526			617
Change in fair value of warrant liabilities		(130	)		-			-			-			-			-			-			-
Other income, net		(39	)		(44	)		(276	)		(47	)		(34	)		(28	)		(228	)		(45	)
Other adjustments⁽¹⁾		3,191			517			(123	)		(290	)		(41	)		155			(251	)		72
Adjusted EBITDA	$	19,281		$	27,548		$	31,638		$	33,680		$	17,011		$	22,497		$	26,843		$	30,666