Concrete Pumping Holdings, Inc. recently released its 10-Q report. The company provides concrete pumping and waste management services in the United States and the United Kingdom through its U.S. Concrete Pumping, U.S. Concrete Waste Management Services, and U.K. Operations segments. Its brands include Brundage-Bone, Camfaud, Capital Pumping and Eco-Pan, and it also leases and rents concrete pumping equipment, pans and containers.
In Item 2, management said the quarter was shaped by higher revenue across all three segments, with total revenue rising 13.7% to $106.8 million in the three months ended April 30, 2026 from $94.0 million a year earlier. U.S. Concrete Pumping revenue increased 15.2% to $71.5 million, helped by stronger commercial and infrastructure construction volumes and pricing, especially on data center and infrastructure projects, along with better weather conditions; that was partly offset by continued weakness in light commercial and residential demand tied to high interest rates and economic uncertainty. U.S. Concrete Waste Management Services revenue rose 12.7% to $20.3 million on organic volume growth, data center and infrastructure work, and pricing gains, while U.K. Operations revenue increased 8.2% to $14.9 million, including a $0.7 million contribution from Templant and foreign-currency effects.
Gross profit increased 14.0% to $41.3 million, while gross margin was essentially unchanged at 38.6% versus 38.5% a year ago. General and administrative expenses rose to $29.2 million from $27.9 million, driven mainly by $1.0 million higher labor costs and $0.5 million more stock-based compensation, partly offset by a $0.6 million decline in intangible amortization. Excluding amortization, stock-based compensation and depreciation, G&A was $25.2 million, or 23.6% of revenue, compared with $23.8 million, or 25.3%, in the prior-year quarter. The effective tax rate increased to 34.4% from 33.3%, reflecting higher discrete items, including prior-period state tax adjustments.
For the first six months of fiscal 2026, revenue increased 9.4% to $197.4 million from $180.4 million. U.S. Concrete Pumping contributed $131.5 million, up 10.5%; U.S. Concrete Waste Management Services contributed $38.4 million, also up 10.5%; and U.K. Operations rose 3.1% to $27.5 million. Following these announcements, the company's shares moved 30.45%, and are now trading at a price of $10.41. For the full picture, make sure to review Concrete Pumping's 10-Q report.
