Update: Concrete Pumping Shares Rise After Q3 Beat, Higher Full-Year Outlook
(Updates with the latest stock price movement in the headline and first paragraph, and dividend information in the last paragraph.)Concrete Pumping Holdings (BBCP) shares rose more than 19% in Friday trading, a day after the company reported a fiscal Q3 beat and raised its fiscal year outlook.The company reported fiscal Q3 earnings late Thursday of $0.09 per diluted share, up from $0.07 a year earlier.Two analysts polled by FactSet expected a loss of $0.08.Revenue for the three months ended July 31 was $116.8 million, up from $103.7 million a year earlier.Three analysts surveyed by FactSet expected $110.2 million.The company now expects fiscal 2026 revenue of between $425 million and $435 million, up from the previous guidance of $410.0 million to $425.0 million.Three analysts expect $421.1 million.The company announced its first quarterly cash dividend of $0.13 per share, payable Oct. 2 to stockholders of record as of Sept. 18.Price: $10.87, Change: $+1.82, Percent Change: +20.08%