Concrete Pumping downgraded by JP Morgan with a new price target
$BBCP
Engineering & Construction
Consumer Discretionary
JP Morgan downgraded Concrete Pumping from Overweight to Neutral and set a new price target of $8.50 from $8.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/6/2024 | $10.50 → $6.25 | Buy → Neutral | UBS |
| 6/7/2024 | Outperform → Mkt Perform | William Blair | |
| 10/19/2023 | $8.00 → $8.50 | Overweight → Neutral | JP Morgan |
| 6/25/2021 | $6.00 → $11.00 | Neutral → Buy | UBS |
DENVER, Jan. 14, 2025 (GLOBE NEWSWIRE) -- Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) (the "Company") announced today that its Board of Directors has declared a special, one-time cash dividend of $1.00 per share of common stock (the "Special Dividend"). The Special Dividend will be paid on or about February 3, 2025, subject to the closing of the Company's previously announced offering of $425.0 million aggregate principal amount of senior secured second lien notes due 2032. Stockholders of record as of January 24, 2025 will be eligible to receive the Special Dividend. The aggregate amount of the payment to be made in connection with the Special Dividend is expected to be approximately $5
DENVER, Jan. 14, 2025 (GLOBE NEWSWIRE) -- Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) (the "Company") announced today that Brundage-Bone Concrete Pumping Holdings Inc. (the "Issuer"), a wholly-owned subsidiary of the Company, has successfully upsized and priced its private offering of $425.0 million aggregate principal amount of senior secured second lien notes due 2032 (the "Notes"), which was upsized by $25.0 million from the previously announced $400.0 million. The Notes will bear interest at an annual rate of 7.500%. The offering is expected to close on January 31, 2025, subject to customary closing conditions. The Company intends to use the net proceeds of the Notes to pay the re
DENVER, Jan. 08, 2025 (GLOBE NEWSWIRE) -- Concrete Pumping Holdings, Inc. (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 fourth quarter and fiscal year ended October 31, 2024. Fourth Quarter Fiscal Year 2024 Summary vs. Fourth Quarter of Fiscal Year 2023 (where applicable) ●Revenue of $111.5 million compared to $120.2 million. ●Gross profit of $46.2 million compared to $48.9 million. ●Income from operations of $19.2 million compared to $19.3 million. ●Net income was unchanged at $9.4 million. ●Net income attributable to common shareholders was unchanged at $9.0 million.
4 - Concrete Pumping Holdings, Inc. (0001703956) (Issuer)
4 - Concrete Pumping Holdings, Inc. (0001703956) (Issuer)
4 - Concrete Pumping Holdings, Inc. (0001703956) (Issuer)
SC 13G/A - Concrete Pumping Holdings, Inc. (0001703956) (Subject)
SC 13G/A - Concrete Pumping Holdings, Inc. (0001703956) (Subject)
SC 13G/A - Concrete Pumping Holdings, Inc. (0001703956) (Subject)
8-K - Concrete Pumping Holdings, Inc. (0001703956) (Filer)
10-K - Concrete Pumping Holdings, Inc. (0001703956) (Filer)
8-K - Concrete Pumping Holdings, Inc. (0001703956) (Filer)
DENVER, Jan. 12, 2021 (GLOBE NEWSWIRE) -- Concrete Pumping Holdings, Inc. (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 its fourth quarter and fiscal year ended October 31, 2020. Fourth Quarter Fiscal Year 2020 Summary vs. Fourth Quarter of Fiscal Year 2019 (where applicable) ●Revenue declined to $79.2 million from $84.0 million (due to COVID-19 impacts). ●Gross margin was 44.8% compared to 46.3%. ●Net loss available to common shareholders was $2.8 million or $(0.05) per diluted share, compared to net income available to common shareholders of $0.1 million or $0.00 per dil
DENVER, Jan. 14, 2025 (GLOBE NEWSWIRE) -- Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) (the "Company") announced today that its Board of Directors has declared a special, one-time cash dividend of $1.00 per share of common stock (the "Special Dividend"). The Special Dividend will be paid on or about February 3, 2025, subject to the closing of the Company's previously announced offering of $425.0 million aggregate principal amount of senior secured second lien notes due 2032. Stockholders of record as of January 24, 2025 will be eligible to receive the Special Dividend. The aggregate amount of the payment to be made in connection with the Special Dividend is expected to be approximately $5
DENVER, Jan. 14, 2025 (GLOBE NEWSWIRE) -- Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) (the "Company") announced today that Brundage-Bone Concrete Pumping Holdings Inc. (the "Issuer"), a wholly-owned subsidiary of the Company, has successfully upsized and priced its private offering of $425.0 million aggregate principal amount of senior secured second lien notes due 2032 (the "Notes"), which was upsized by $25.0 million from the previously announced $400.0 million. The Notes will bear interest at an annual rate of 7.500%. The offering is expected to close on January 31, 2025, subject to customary closing conditions. The Company intends to use the net proceeds of the Notes to pay the re
DENVER, Jan. 13, 2025 (GLOBE NEWSWIRE) -- Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) (the "Company") announced today that Brundage-Bone Concrete Pumping Holdings Inc. (the "Issuer"), a wholly-owned subsidiary of the Company, intends to offer, on a private placement basis, $400.0 million aggregate principal amount of senior secured second lien notes due 2032 (the "Notes"). The Notes will be guaranteed on a senior secured basis by the Company, Concrete Pumping Intermediate Acquisition Corp., and each of the Issuer's domestic, wholly-owned subsidiaries that is a borrower under or a guarantor of the Company's existing senior secured asset-based revolving credit facility. The Company intend
UBS downgraded Concrete Pumping from Buy to Neutral and set a new price target of $6.25 from $10.50 previously
William Blair downgraded Concrete Pumping from Outperform to Mkt Perform
JP Morgan downgraded Concrete Pumping from Overweight to Neutral and set a new price target of $8.50 from $8.00 previously