Concrete Pumping Holdings Reports 12.6% Revenue Growth in Q3 2026

Concrete Pumping Holdings, Inc. reported a significant increase in financial performance for the third quarter and nine months ended July 31, 2026, compared to the same periods in 2025. The company achieved revenues of $116.8 million for the quarter, a 12.6% increase from $103.7 million in the prior year. For the nine-month period, revenues rose to $314.1 million, up 10.6% from $284.1 million. The net income for the third quarter was $4.9 million, reflecting a 33.3% increase from $3.7 million in the previous year, while net income for the nine months reached $5.0 million, compared to $1.1 million in the same period last year.

The growth in revenue was driven by strong performance across all segments, particularly in U.S. Concrete Pumping, which saw a 9.9% increase in revenue due to heightened demand in commercial and infrastructure construction. The U.S. Concrete Waste Management Services segment also performed well, with a 13.5% revenue increase, while the U.K. Operations segment benefited from the recent acquisition of Templant, contributing $3.1 million to revenue. The overall gross profit for the third quarter was $45.2 million, a 12.0% increase from $40.4 million, although the gross margin slightly decreased to 38.7% from 39.0% due to rising fuel costs.

In terms of operational developments, Concrete Pumping Holdings completed the acquisition of Templant Hire Limited in April 2026 for $11.2 million, marking its entry into the U.K. temporary power market. This acquisition is expected to enhance the company's service offerings and customer relationships in the construction sector. The company also reported an increase in general and administrative expenses, which rose to $30.1 million for the third quarter, primarily due to higher stock-based compensation and professional fees, but as a percentage of revenue, these expenses decreased to 25.8% from 26.5%.

Looking ahead, Concrete Pumping Holdings maintains a positive outlook, supported by a strong liquidity position with $43.0 million in cash and $314.3 million available under its asset-backed loan facility. The company plans to continue leveraging its operational strengths and strategic acquisitions to drive growth. Additionally, the Board of Directors has initiated a quarterly cash dividend program, declaring an initial dividend of $0.13 per share, payable on October 2, 2026, which reflects the company's commitment to returning value to shareholders while pursuing growth opportunities.