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Jul 31, 2025
CPH Q3 2025 Earnings Report
CPH reported a year-over-year decline in revenue, net income, and margins in Q3 2025 due to softness in commercial and residential demand.
Key Takeaways
Concrete Pumping Holdings posted Q3 2025 revenue of $103.7M and net income of $3.7M. Revenue declined across all segments except waste management services, which showed modest growth. Adjusted EBITDA margin contracted to 25.8%, and net income was halved year over year.
Revenue fell to $103.7M from $109.6M in Q3 2024, a 5.4% decline.
Adjusted EBITDA was $26.8M, with a margin of 25.8% versus 28.8% last year.
Net income dropped to $3.7M from $7.6M in Q3 2024.
Waste management services revenue rose 4.3%, offsetting some of the weakness in other segments.
Revenue by Segment
Forward Guidance
CPH reaffirmed its FY25 guidance, expecting revenue between $380M–$390M, Adjusted EBITDA of $95M–$100M, and free cash flow around $45M, assuming no recovery in construction markets until FY26 or FY27.
Positive Outlook
- FY25 revenue guidance of $380M–$390M reiterated.
- Free cash flow expected to be approximately $45M.
- Waste management segment continues to grow.
- Available liquidity grew to $358M, up significantly YoY.
- Operational discipline helped preserve profitability despite topline softness.
Challenges Ahead
- Revenue and gross profit declined YoY.
- Gross margin contracted by 160 basis points.
- Commercial and residential construction softness persists.
- Q3 net income dropped 51% from prior year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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