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last mo.

Concrete Pumping Boosts Guidance After Strong Q2 and Weighs Accelerating $22M Fleet Spend

Stronger data-center and infrastructure demand lifted margins, prompting management to weigh accelerating a planned $22 million equipment purchase to address fleet and emissions limits.

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Overview

  • The company reported Q2 revenue of $106.8 million, a 14% year-over-year increase, with adjusted EBITDA of $26.4 million and a 24.7% margin.
  • Concrete Pumping swung to net income of $2.5 million and reported EPS of $0.04 per diluted share, beating consensus estimates.
  • Management raised full-year 2026 guidance to $410–$425 million in revenue, $98–$105 million in adjusted EBITDA, and at least $45 million in free cash flow.
  • The firm completed an early-April acquisition of Templant, adding a 10-plant hire operation in the U.K. that expands its temporary power and European footprint.
  • Management said it has approval for a $22 million equipment investment originally slated for 2027 and is evaluating pulling some purchases forward to shore up fleet capacity and meet tougher emissions and reliability rules, a move that spurred increased investor trading and a notable pre-market stock advance.