Revenue Growth
Consolidated revenue increased 14% year-over-year to $106.8 million (vs. $94.0M prior year).
Adjusted EBITDA and Margin Expansion
Consolidated adjusted EBITDA rose 17% to $26.4 million and adjusted EBITDA margin improved 80 basis points to 24.7% (from 23.9%).
Segment Strength — U.S. Concrete Pumping
U.S. Concrete Pumping revenue increased 15% to $71.5 million and segment adjusted EBITDA grew 23% to $15.6 million, driven by large-scale commercial and infrastructure projects (notably data centers).
Eco-Pan Performance
Concrete Waste Management (Eco-Pan) revenue increased 13% to $20.3 million and adjusted EBITDA rose 16% to $7.7 million, reflecting volume growth, pricing execution and new account penetration.
Data Center Exposure Increased
Revenue from data centers and chip plant work grew materially to roughly 10–12% of revenue versus ~4–5% at the same point last year, contributing to top-line and margin improvement.
Profitability Turnaround
Net income attributable to common shareholders was $2.1 million (EPS $0.04) versus a net loss of $0.4 million (loss $0.01 per share) in the prior year quarter.
Raised Full-Year Guidance
Company raised full-year revenue guidance to $410–$425 million (from $390–$410M), adjusted EBITDA to $98–$105 million (from $90–$100M), and free cash flow to at least $45 million (from ~ $40M).
Strong Liquidity and Capital Deployment
Available liquidity of approximately $346.3 million (cash + ABL availability); repurchased ~392,000 shares for $2.6 million in Q2 and repurchased ~5.9 million shares ($38.1M) since 2022 with $11.9M remaining authorization.
Strategic M&A and Geographic Expansion
Closed acquisition of Templant Hire (U.K.) in early April to diversify into temporary power and expand multiservice platform; also progressed Republic of Ireland expansion and U.K. temporary power entry.
Balanced Seasonality and Capital Planning
Management expects more balanced fiscal 2026 seasonality (47% H1 / 53% H2 vs historical 45/55) and is planning to potentially pull forward up to $22 million of planned investments to address fleet/emissions needs.