0001437749-26-007563
SEC filingConcrete Pumping Holdings, Inc. (BBCP) reported a net loss of $2.4 million for Q1 2026, despite generating $90.6 million in revenue and $32.0 million in gross profit. The company's operating income was $4.5 million, but this was offset by significant interest expense of $8.4 million, resulting in a loss before income taxes of $3.5 million. Cash flow from operations was strong at $21.4 million, driven by positive adjustments including $10.5 million in depreciation. The balance sheet shows total assets of $883.7 million, with substantial long-term debt of $418.2 million and stockholders' equity of $262.6 million. The company ended the quarter with $44.4 million in cash and cash equivalents, representing an $8.6 million increase from the previous period.
Concrete Pumping Holdings, Inc. reported mixed financial results for Q1 2026. The company generated $90.6 million in revenue, resulting in $32.0 million of gross profit (35.3% gross margin). Operating income was $4.5 million (5.0% operating margin), but significant interest expense of $8.4 million led to a loss before income taxes of $3.5 million. After an income tax benefit of $1.1 million, the company reported a net loss of $2.4 million. When accounting for the $441,000 accretion of liquidation preference on preferred stock, the loss available to common shareholders was $2.9 million. Basic and diluted loss per share were both reported as -$0.00, with 51.0 million weighted average common shares outstanding.
The filing provides consolidated revenue of $90.6 million for Q1 2026, but does not disclose segment-level breakdowns, geographic mix, or specific growth drivers. The revenue figure represents the company's total segment revenue for the quarter. No comparative data for prior periods is provided in the available data, preventing analysis of revenue trends, growth rates, or segment performance. The document does not contain management discussion of revenue drivers, customer concentration, or market conditions affecting revenue generation.
The company maintained a gross margin of 35.3% on $90.6 million of revenue, with cost of operations totaling $58.6 million. General and administrative expenses of $27.5 million consumed 30.3% of revenue, leaving operating income of $4.5 million (5.0% operating margin). Interest expense of $8.4 million was the primary factor reducing profitability, representing 9.3% of revenue. Other income components included $315,000 in interest income and $33,000 in other income, net. The effective tax rate cannot be calculated precisely due to the loss position, but the $1.1 million income tax benefit reduced the net loss from $3.5 million to $2.4 million.
Operating activities generated $21.4 million in cash, primarily due to $10.5 million in depreciation, $2.5 million in intangible asset amortization, and positive working capital changes including $1.6 million increase in accounts payable. Investing activities used $8.3 million for capital expenditures net of asset sales. Financing activities used $4.9 million, mainly for $4.6 million in treasury stock purchases. Free cash flow (operating cash flow minus capital expenditures) was $13.1 million. The balance sheet shows $883.7 million in total assets, with $418.2 million in long-term debt and $262.6 million in stockholders' equity. The current ratio is 1.96 ($116.3M current assets / $59.4M current liabilities).
The filing does not contain forward-looking statements, management guidance, strategic priorities, or specific risk factor discussions. No information is provided about expected performance for future quarters, market conditions, competitive landscape, or strategic initiatives. The document focuses exclusively on historical financial results for Q1 2026 without commentary on future expectations, making it impossible to assess the company's outlook based on the provided information.