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.
Synopsis
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Concrete Pumping: Growing U.S. Concrete Production Supporting Outlook