含羞草传媒

含羞草传媒 Reports Strong First Quarter Fiscal Year 2026 Results

- Revenue up 5% to $90.6 Million with a 29% Increase in Income from Operations -
- Adjusted EBITDA up 6% to $18.0 Million -

DENVER, March 10, 2026 (GLOBE NEWSWIRE) -- 含羞草传媒. (Nasdaq: BBCP) (the "Company" or "CPH"), a leading provider of concrete pumping and waste management services in the U.S. and U.K., reported financial results for the first quarter ended January 31, 2026.

First Quarter Fiscal Year 2026听Summary vs. First听Quarter of Fiscal Year 2025 (where applicable)

Management Commentary

"This was a strong start to the year for 含羞草传媒, with revenue increasing 5% and Adjusted EBITDA growing 6% year over year,"听said Bruce Young, CEO of 含羞草传媒. "We were particularly encouraged by a return to growth in our U.S. Concrete Pumping operations, which delivered 5% year-over-year revenue growth, alongside another solid quarter of free cash flow generation. While it is still early in the year, the quarter reinforced what we continue to emphasize鈥攄isciplined cost management, improved fleet efficiency, and the operating leverage and scale advantages of our platform. We remain focused on executing our strategy and positioning the business for sustained growth as market conditions continue to evolve."

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¹ Adjusted EBITDA, Adjusted EBITDA margin,听net debt and leverage ratio are financial measures that are not calculated in accordance with accounting principles generally accepted in the United States of America ("GAAP"). See "Non-GAAP Financial Measures" below for a discussion of the non-GAAP financial measures used in this release and a reconciliation to their most comparable GAAP measures.

First Quarter Fiscal Year 2026 Financial Results

Revenue in the first quarter of fiscal year 2026 increased 5% to $90.6 million compared to $86.4 million in the first quarter of fiscal year 2025. The increase was primarily attributable to an increase in U.S. Concrete Pumping revenue, which benefited from an听increase in听commercial and infrastructure volumes and pricing from听data center and infrastructure projects and more favorable weather conditions.

Gross profit in the first quarter of fiscal year 2026 increased 2% to $32.0听million compared to $31.2 million in the prior year quarter. Gross margin declined 80 basis points to 35.3% compared to 36.1% in the prior year quarter. The margin decline was primarily related to increases in commercial insurance expense and repair and maintenance activity.

General and administrative expenses ("G&A") in the first quarter declined to $27.5听million compared to $27.8 million in the prior year quarter. As a percentage of revenue, G&A costs were 30.3% in the first quarter compared to 32.2% in the prior year quarter.

Net loss in the first quarter of fiscal year 2026 was $2.4 million听compared to net loss of $2.6 million in the prior year quarter. Net loss attributable to common shareholders in the first quarter of fiscal year 2026 was $2.9 million, or $(0.06) per diluted share, compared to net loss attributable to common shareholders of $3.1 million, or $(0.06) per diluted share, in the prior year quarter.

Adjusted EBITDA in the first quarter of fiscal year 2026 increased 6% to $18.0 million compared to $17.0 million in the prior year quarter. Adjusted EBITDA margin was 19.9% compared to 19.7% in the prior year quarter.

Liquidity

On January 31, 2026, the Company had debt outstanding of $425.0 million, net debt听of $372.0 million and total available liquidity of $350.3听million.

Segment Results

U.S. Concrete Pumping.听Revenue in the first quarter of fiscal year 2026 increased 5% to $59.9 million compared to $56.9 million in the prior year quarter.听The increase was driven by the improved commercial and infrastructure project volumes and pricing and听more favorable weather conditions, as discussed above. Net loss in the first quarter of fiscal year 2026 improved to $2.8听million compared to a net loss of $3.1 million in the prior year quarter. Adjusted EBITDA increased 6% to $9.7听million in the first quarter of fiscal year 2026 compared to $9.2 million in the prior year quarter. These increases were largely driven by the increase in revenue volume, as discussed above.

U.S. Concrete Waste Management Services. Revenue in the first quarter of fiscal year 2026 increased 8% to $18.1 million compared to $16.7 million in the prior year quarter. The increase was driven by organic volume growth and pricing improvements. Net income in the first quarter of fiscal year 2026 increased to $0.7听million compared to $0.2 million in the prior year quarter.听Adjusted EBITDA in the first quarter of fiscal year 2026 increased 20% to $6.0听million compared to $5.0 million in the prior year quarter due to improved year-over-year revenue.

U.K. Operations. Revenue in the first quarter of fiscal year 2026 was $12.5 million compared to $12.8 million in the prior year quarter. Excluding the impact from foreign currency translation, revenue was down 8% year-over-year due to a continued slowdown in commercial construction demand. Net loss听in the first quarter of fiscal year 2026 was听$0.3 million compared to net income of $0.2 million in the prior year quarter. Adjusted EBITDA was $2.3 million in the first quarter of fiscal year 2026 compared to $2.8 million in the prior year quarter. Excluding the impact from foreign currency translation, the changes in net income and adjusted EBITDA听were primarily related to the decrease in revenue.

Fiscal Year 2026 Outlook

The Company continues to听expect fiscal year 2026 revenue to range between $390.0 million to $410.0 million, Adjusted EBITDA to range between $90.0 million to $100.0 million, and free cash flow² to be at least $40.0 million. These expectations continue to assume the construction market will not meaningfully recover in fiscal year 2026.

As announced in January 2026, due to stricter U.S. emissions laws that are expected to take effect on January 1, 2027, for all heavy-duty engines with a 2027 model year or later, the Company has approved accelerating approximately $22.0 million of planned capital equipment investments from calendar听year 2027 into calendar year 2026. No 2027 capital expenditures have been听pulled forward as of January 31, 2026.

This decision is based on a few key considerations including navigating expected disruptions from first-generation truck technologies and anticipated truck price increases in 2027 for new trucks associated with incremental OEM production costs. This pull-forward of calendar听year 2027 investments will reduce replacement capital expenditures in calendar听year 2027 and aligns with the Company capital allocation roadmap to allow for a smooth transition under new regulations to improve the Company鈥檚 competitive positioning.

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² Free cash flow is defined as Adjusted EBITDA less net maintenance capital expenditures and cash paid for interest.

Conference Call

The Company will hold a conference call on Tuesday, March 10, 2026,听at 5:00 p.m. Eastern time to discuss its first听quarter听2026听results.

Date: Tuesday, March 10, 2026
Time: 5:00 p.m. Eastern Time (3:00 p.m. Mountain Time)
Toll-free dial-in number: 1-877-407-9039
International dial-in number: 1-201-689-8470
Conference ID: 13758369

Please call the conference telephone number 5-10 minutes prior to the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact Gateway Group, Inc.听at 1-949-574-3860.

The conference call will be broadcast live and is available for replay as well as the investor relations section of the Company鈥檚 website at .

A replay of the conference call will be available after 8:00 p.m. Eastern Time on the same day through March 17, 2026.

Toll-free replay number: 1-844-512-2921
International replay number: 1-412-317-6671
Replay ID: 13758369

含羞草传媒 含羞草传媒

含羞草传媒 is the leading provider of concrete pumping services and concrete waste management services in the fragmented U.S. and U.K. markets, primarily operating under what we believe are the only established, national brands in both geographies 鈥� Brundage-Bone for concrete pumping in the U.S., Camfaud in the U.K., and Eco-Pan for waste management services in both the U.S. and U.K. The Company鈥檚 large fleet of specialized pumping equipment and trained operators position it to deliver concrete placement solutions that facilitate labor cost savings to customers, shorten concrete placement times, enhance worksite safety and improve construction quality. Highly complementary to its core concrete pumping service, Eco-Pan seeks to provide a full-service, cost-effective, regulatory-compliant solution to manage environmental issues caused by concrete washout. As of January听31, 2026, the Company provided concrete pumping services in the U.S. from a footprint of approximately 95听branch locations across听23听states, concrete pumping services in the U.K. and Republic of Ireland from approximately 35听branch locations, and route-based concrete waste management services from 23听operating locations in the U.S. and one听shared location in the U.K. For more information, please visit or the Company鈥檚 brand websites at , , or .

Forward鈥�Looking Statements

This press release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. The Company鈥檚 actual results may differ from expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "continue," "outlook" and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, the Company鈥檚 expectations with respect to future performance, including the Company's fiscal year 2026听outlook. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results. Most of these factors are outside the Company鈥檚 control and are difficult to predict. Factors that may cause such differences include, but are not limited to: the adverse impact of recent inflationary pressures, changes in foreign trade policies, restrictive monetary policies, global economic conditions and developments related to these conditions, such as fluctuations in fuel costs on our business; adverse and severe weather conditions; the outcome of any legal proceedings, rulings or demand letters that may be instituted against or sent to the Company or its subsidiaries; the ability of the Company to grow and manage growth profitably and retain its key employees; the ability to identify and complete targeted acquisitions and to realize the expected benefits from completed acquisitions; changes in applicable laws or regulations;听the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors; and other risks and uncertainties indicated from time to time in the Company鈥檚 filings with the Securities and Exchange Commission, including the risk factors in the Company's latest Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. The Company cautions that the foregoing list of factors is not exclusive. The Company cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. The Company does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based.

Non-GAAP Financial Measures

This press release presents Adjusted EBITDA, Adjusted EBITDA margin, net debt, free cash flow and leverage ratio, all of which are important financial measures for the Company听but are not financial measures defined by GAAP.

EBITDA is calculated by taking GAAP net income and adding back interest expense and amortization of deferred financing costs net of interest income, income tax expense, and depreciation and amortization. Adjusted EBITDA is calculated by taking EBITDA and adding back听loss on debt extinguishment, stock-based compensation, other expense (income), net, goodwill and intangibles impairment and other adjustments. Other adjustments include听non-recurring expenses,听non-cash currency gains/losses and听transaction expenses.听Transaction expenses represent expenses for legal, accounting, and other professionals that were engaged in the completion of various acquisitions. Transaction expenses can be volatile as they are primarily driven by the size of a specific acquisition. As such, the Company excludes these amounts from Adjusted EBITDA for comparability across periods.

The Company believes these non-GAAP measures of financial results provide useful supplemental information to management and investors regarding certain financial and business trends related to our financial condition and results of operations, and as a supplemental tool for investors to use in evaluating our ongoing operating results and trends and in comparing our financial measures with competitors who also present similar non-GAAP financial measures. In addition, these measures (1) are used in quarterly and annual financial reports and presentations听prepared for management, our board of directors and investors, and (2) help management to determine incentive compensation. EBITDA and Adjusted EBITDA have limitations and should not be considered in isolation or as a substitute for performance measures calculated under GAAP. These non-GAAP measures exclude certain cash expenses that the Company听is听obligated to make. In addition, other companies in our industry may calculate EBITDA and Adjusted EBITDA differently or may not calculate it at all, which limits the usefulness of EBITDA and Adjusted EBITDA as comparative measures. Adjusted EBITDA margin is defined as Adjusted EBITDA divided by total revenue for the period presented. See below for a reconciliation of Adjusted EBITDA to net income (loss) calculated in accordance with GAAP.

Net debt as a specified date is calculated as all amounts outstanding under debt agreements (currently this includes the Company鈥檚 term loan and revolving line of credit balances, excluding any offsets for capitalized deferred financing costs) measured in accordance with GAAP less cash. Cash is subtracted from the GAAP measure because it could be used to reduce the Company鈥檚 debt obligations. A limitation associated with using net debt is that it subtracts cash and therefore may imply that there is less Company debt than the most comparable GAAP measure indicates. CPH believes this non-GAAP measure provides useful information to management and investors in order to monitor the Company鈥檚 leverage and evaluate the Company鈥檚 consolidated balance sheet. See "Reconciliation of Net Debt" below for a reconciliation of Net Debt to amounts outstanding under debt agreements calculated in accordance with GAAP.

The leverage ratio is defined as the ratio of net debt to Adjusted EBITDA for the trailing four quarters. The Company believes its leverage ratio measures its ability to service its debt and its ability to make capital expenditures. Additionally, the leverage ratio is a standard measurement used by investors to gauge the creditworthiness of an institution.

Free cash flow is defined as Adjusted EBITDA less net maintenance听capital expenditures and cash paid for interest. This measure is not a substitute for cash flow from operations and does not represent the residual cash flow available for discretionary expenditures, since certain non-discretionary expenditures, such as debt servicing payments, are not deducted from the measure. CPH believes this non-GAAP measure provides useful information to management and investors in order to monitor and evaluate the cash flow yield of the business.

The financial statement tables that accompany this press release include a reconciliation of Adjusted EBITDA and net debt to the applicable most comparable U.S. GAAP financial measure. However, the Company has not reconciled the forward-looking Adjusted EBITDA guidance range and free cash flow range included in this press release to the most directly comparable forward-looking GAAP measures because this cannot be done without unreasonable effort due to the lack of predictability regarding the various reconciling items such as provision for income tax expense听and depreciation and amortization.

Current and prospective investors should review the Company鈥檚 audited annual and unaudited interim financial statements, which are filed with the U.S. Securities and Exchange Commission, and not rely on any single financial measure to evaluate the Company鈥檚 business. Other companies may calculate Adjusted EBITDA, net debt and free cash flow differently and therefore these measures may not be directly comparable to similarly titled measures of other companies.

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Released March 10, 2026