Concrete Pumping Holdings Posts $2.4M Net Loss in Q1 FY2026 Despite Revenue Gain

Concrete Pumping Holdings, Inc., a provider of concrete pumping and waste management services, reported a net loss of $2.44 million for the three months ending January 31, 2026, narrowing slightly from a $2.64 million loss in the same quarter a year earlier. The company posted total revenue of $90.56 million, up 4.8% from $86.45 million in the prior-year period. Read more earnings reports.

Net revenue for the quarter reached $81.65 million, compared to $78.03 million a year ago. Gross profit expanded to $31.96 million from $31.24 million, while operating income rose to $4.51 million from $3.49 million in Q1 FY2025. Cost of revenue increased to $58.60 million from $55.21 million.

The company generated $21.37 million in cash from operations during the quarter, a sharp improvement from $6.03 million in the year-ago period. Cash used in investing activities totaled $8.28 million, more than double the $3.85 million spent a year earlier. Financing activities consumed $4.90 million, a reversal from $40.02 million in cash provided by financing in the prior-year quarter.

Balance Sheet Position

Total assets stood at $883.73 million as of January 31, 2026, up from $879.54 million at the end of the prior quarter and $912.89 million a year earlier. Cash and cash equivalents increased to $53.02 million from $44.39 million at October 31, 2025. Accounts receivable declined to $45.84 million from $53.13 million in the prior quarter.

Long-term debt totaled $418.18 million, virtually unchanged from $417.89 million at the end of the previous quarter. Total liabilities reached $596.08 million, up from $589.75 million at October 31, 2025. Stockholders' equity decreased to $262.65 million from $264.79 million in the prior quarter.

Segment Revenue Breakdown

The company reported segment revenue of $59.94 million from its U.S. concrete pumping operations, $18.07 million from U.K. operations, and $12.55 million from eco-pan waste management services for the quarter ending January 31, 2026. In the prior-year quarter, those segments generated $56.91 million, $16.69 million, and $12.84 million, respectively.

Share Data

The company reported a loss per share of $0.06 on both a basic and diluted basis, matching the loss per share from the year-ago quarter. Weighted average shares outstanding declined to 51.01 million from 53.05 million a year earlier. Common shares outstanding as of January 31, 2026, totaled 50.78 million, down from 51.27 million at the end of the prior quarter.