Shares of Concrete Pumping (BBCP) soared 16.2% in afternoon trading after the company reported second-quarter results that beat revenue expectations, raised its full-year guidance, and declared a quarterly dividend. The company posted revenue of $116.8 million, up 12.6% year over year, and diluted earnings per share of $0.09, with the top line exceeding Wall Street consensus while earnings met expectations. Management now forecasts full-year revenue between $425 million and $435 million and adjusted EBITDA in the range of $103 million to $108 million, both above analyst projections. Additionally, the board declared a quarterly dividend of $0.13 per share. The stock is up 52.8% year to date but remains 12.3% below its 52-week high of $12.05.
Concrete Pumping Holdings Class AQ2 revenue beat, raised full-year guidance, and declared dividend
Harbin Electric