Concrete Pumping Holdings reported third quarter fiscal year 2025 revenue of $103.7 million, a decrease from $109.6 million in the prior year quarter. This decline was primarily due to ongoing deferrals in commercial construction demand, softness in residential demand, persistent high interest rates, and higher rainfall in central and southeast regions.
The company posted net income attributable to common shareholders of $3.3 million, or $0.07 per diluted share, compared to $7.1 million, or $0.13 per diluted share, in the prior year quarter. Adjusted EBITDA for the third quarter was $26.8 million, down from $31.6 million year-over-year, with the Adjusted EBITDA margin at 25.8%.
The U.S. Concrete Waste Management Services segment continued to show resilience, with revenue increasing 4% to $19.3 million, driven by organic volume growth and pricing improvements. As of July 31, 2025, the company maintained $358.0 million in total available liquidity and had net debt of $384.0 million.
Concrete Pumping Holdings reaffirmed its fiscal year 2025 outlook, continuing to expect revenue to range between $380.0 million and $390.0 million. Adjusted EBITDA is still projected to be between $95.0 million and $100.0 million, with free cash flow estimated at approximately $45.0 million. The company's expectations continue to assume the construction market will not start to meaningfully recover until late fiscal year 2026 or early fiscal year 2027.
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