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BBCP - Concrete Pumping: Growing U.S. Concrete Production Supporting Outlook
Concrete Pumping Holdings Inc.
2024-04-23 23:48:54 ET
Summary
Concrete Pumping's historical financials have shown strong top-line growth and improvements to net income margin. 1Q24 continued to report revenue growth, but margins were affected by winter weather.
US concrete production has been consistently growing since 2009. The positive outlook on concrete production is expected to bolster BBCP's growth outlook.
Growing US concrete production is supported by growth in US business conditions, as public, private non-residential, and residential construction have reported strong growth in 2023.