Gold is 2025’s best performer. UBS sees more upside
Concrete Pumping Holdings, Inc. (NASDAQ:BBCP), a $321 million market cap company specializing in construction special trade contracting, recently held its 2025 annual meeting of stockholders. The company, which generated $415 million in revenue over the last twelve months, is currently trading below its InvestingPro Fair Value. The meeting, which took place on April 22, 2025, led to the election of four Class I directors and the ratification of the company’s independent auditor.
At the Annual Meeting, stockholders elected Stephen Alarcon, Heather L. Faust, David G. Hall, and Iain Humphries as Class I directors. They will serve on the board until the 2028 annual meeting of stockholders. The voting results were as follows: Alarcon received 37,845,637 votes in favor, Faust had 37,355,986, Hall garnered 36,735,614, and Humphries received a notably higher count of 41,870,620. There were also broker non-votes amounting to 9,049,517 for each candidate.
Additionally, PricewaterhouseCoopers LLP was ratified as the company’s independent registered public accounting firm for the fiscal year 2025 with 51,855,427 votes for, 339,328 against, and 4,689 abstentions.
Another key item on the agenda was the non-binding advisory vote on the compensation of the company’s named executive officers. The proposal was approved with 40,793,518 votes for, 2,329,086 against, and 27,323 abstentions, along with 9,049,517 broker non-votes.
The results of the annual meeting are based on a press release issued by Concrete Pumping Holdings, Inc. and reflect the shareholders’ support for the current board’s direction and the company’s executive compensation policies. According to InvestingPro data, management has been demonstrating confidence through aggressive share buybacks, while maintaining healthy liquidity with a current ratio of 1.51. For deeper insights into BBCP’s financial health and growth prospects, investors can access the comprehensive Pro Research Report, which is part of InvestingPro’s coverage of over 1,400 US stocks.
In other recent news, Concrete Pumping Holdings reported its first-quarter financial results for 2025, revealing a decline in revenue to $86.4 million from $97.7 million in the previous year. Despite the drop in revenue, the company improved its net loss to $3.1 million, or $0.06 per diluted share, compared to a $4.3 million loss, or $0.08 per share, last year. The company’s gross margin increased by 200 basis points to 36.1%, reflecting better cost management. Additionally, Concrete Pumping Holdings reduced its net debt by $33 million, enhancing its financial stability. DA Davidson recently adjusted its price target for the company to $9.00 from $9.50, maintaining a Buy rating, highlighting the firm’s potential to benefit from positive shifts in the commercial market. Concrete Pumping Holdings has also revised its full-year revenue guidance to between $400 million and $420 million, with an expected adjusted EBITDA of $105 million to $115 million. The company is focusing on mergers and acquisitions to drive future growth, as indicated by CEO Bruce Young’s comments on strategic priorities.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.