Core Viewpoint - Concrete Pumping Holdings, Inc. has successfully closed a private offering of $425 million in senior secured second lien notes, which will support a special dividend of $1.00 per share to be paid on February 3, 2025, reflecting the company's strong cash flow and commitment to shareholder value [1][2][3] Group 1: Financial Details - The notes were issued at par with a fixed interest rate of 7.500% per annum and are due in 2032 [1] - Proceeds from the notes will be used to redeem all outstanding 6.000% senior secured second lien notes due 2026 and cover related fees, with approximately $53 million allocated for the special dividend [2] Group 2: Company Overview - Concrete Pumping Holdings is a leading provider of concrete pumping and waste management services in the U.S. and U.K., operating under established national brands [4] - The company operates a large fleet of specialized pumping equipment across approximately 90 locations in the U.S. and 35 locations in the U.K., enhancing construction efficiency and safety [4]

Core Viewpoint - The article emphasizes the importance of value investing and highlights Concrete Pumping Holdings (BBCP) as a strong value stock based on its financial metrics and Zacks Rank [2][4][7]. Financial Metrics - BBCP has a Zacks Rank of 2 (Buy) and an A for Value, indicating strong potential for value investors [4]. - The stock's P/E ratio is 17.18, significantly lower than the industry average of 26.56, suggesting it may be undervalued [4]. - BBCP's Forward P/E has fluctuated between 9.07 and 22.24 over the past year, with a median of 14.69 [4]. - The P/S ratio for BBCP is 1.04, compared to the industry average of 2.19, further indicating potential undervaluation [5]. - The P/CF ratio for BBCP stands at 5.77, well below the industry average of 15, highlighting its attractive cash flow outlook [6]. - Over the past year, BBCP's P/CF has ranged from 3.68 to 6.45, with a median of 4.63 [6]. Investment Outlook - The combination of BBCP's strong earnings outlook and favorable valuation metrics positions it as an impressive value stock in the current market [7].

Group 1: G-III Apparel Group, Ltd. (GIII) - G-III Apparel Group has a Zacks Rank of 1, indicating strong performance potential [1] - The Zacks Consensus Estimate for its current year earnings has increased by 3.7% over the last 60 days [1] - The company has a price-to-earnings ratio (P/E) of 7.67, significantly lower than the industry average of 21.60 [1] - G-III Apparel Group possesses a Value Score of A, reflecting strong value characteristics [1] Group 2: Concrete Pumping Holdings, Inc. (BBCP) - Concrete Pumping Holdings also carries a Zacks Rank of 1, suggesting robust investment potential [2] - The Zacks Consensus Estimate for its current year earnings has seen a substantial increase of 38.7% over the last 60 days [2] - The company has a price-to-earnings ratio (P/E) of 19.33, which is lower than the industry average of 27.70 [2] - Concrete Pumping Holdings has a Value Score of A, indicating strong value characteristics [2] Group 3: Potbelly Corporation (PBPB) - Potbelly Corporation holds a Zacks Rank of 1, indicating favorable investment prospects [3] - The Zacks Consensus Estimate for its current year earnings has increased by 14.3% over the last 60 days [3] - The company has a price-to-earnings ratio (P/E) of 45.74, which is lower than the industry average of 54.60 [3] - Potbelly Corporation possesses a Value Score of B, reflecting decent value characteristics [3]

Group 1 - Concrete Pumping (BBCP) is part of the Business Services group, which consists of 292 companies and currently ranks 6 within the Zacks Sector Rank [2] - The Zacks Rank system focuses on earnings estimates and revisions, with Concrete Pumping holding a Zacks Rank of 2 (Buy), indicating a positive earnings outlook [3] - The Zacks Consensus Estimate for BBCP's full-year earnings has increased by 38.7% in the past quarter, reflecting stronger analyst sentiment and an improving earnings outlook [4] Group 2 - Year-to-date, Concrete Pumping has gained approximately 34.8%, outperforming the average gain of 22.8% for stocks in the Business Services group [4] - Concrete Pumping belongs to the Waste Removal Services industry, which includes 19 stocks and currently ranks 188 in the Zacks Industry Rank, with an average gain of 18.9% this year [6] - Society Pass Incorporated (SOPA) is another strong performer in the Business Services sector, with a year-to-date return of 43.7% and a Zacks Rank of 1 (Strong Buy) [5]

Group 1: Company Overview - Virtu Financial is a market-leading financial services firm that utilizes advanced technology to provide execution services, data, analytics, and connectivity products, delivering liquidity to global markets [1] - Concrete Pumping Holdings specializes in concrete pumping and waste management services primarily in the U.S. and U.K. [2] - Viking Holdings Ltd. is engaged in passenger shipping and other forms of passenger transport mainly in North America, the U.K., and internationally [3] Group 2: Financial Performance - Virtu Financial's current year earnings estimate increased by 3.8% over the last 60 days [1] - Concrete Pumping Holdings' current year earnings estimate rose by 38.7% over the last 60 days [2] - Viking Holdings' current year earnings estimate grew by 7.1% over the last 60 days [3] Group 3: Stock Performance - Virtu Financial's shares increased by 8.3% over the last three months, outperforming the S&P 500's gain of 1.8% [2] - Concrete Pumping Holdings' shares surged by 54% over the last three months, significantly exceeding the S&P 500's gain of 1.8% [3] - Viking Holdings' shares rose by 14% over the last three months, also outperforming the S&P 500's gain of 1.8% [4] Group 4: Momentum Scores - Virtu Financial has a Momentum Score of A [2] - Concrete Pumping Holdings also possesses a Momentum Score of A [3] - Viking Holdings has a Momentum Score of B [4]

Core Viewpoint - Concrete Pumping (BBCP) shows potential as a strong investment opportunity due to significant revisions in earnings estimates, indicating an improving earnings outlook [1][2] Current-Quarter Estimate Revisions - For the current quarter, earnings are projected at $0.01 per share, reflecting a 150% increase from the previous year's reported figure [4] - Over the past 30 days, one estimate has been revised upward with no negative revisions, leading to a 108.33% increase in the Zacks Consensus Estimate [4] Current-Year Estimate Revisions - The full-year earnings estimate stands at $0.43 per share, representing a 34.38% increase from the prior year [5] - The trend for current-year estimates is positive, with two upward revisions and no negative changes, resulting in a 38.71% boost in the consensus estimate [5] Favorable Zacks Rank - The positive revisions have earned Concrete Pumping a Zacks Rank of 2 (Buy), indicating strong potential for outperformance [6] - Research indicates that stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) tend to significantly outperform the S&P 500 [6] Bottom Line - Strong estimate revisions have led to a 12.7% increase in the stock price over the past four weeks, suggesting further upside potential [7]

Core Points - Concrete Pumping Holdings, Inc. announced a special cash dividend of $1.00 per share, totaling approximately $53 million, to be paid on or about February 3, 2025, to stockholders of record as of January 24, 2025 [1] - The payment of the special dividend is contingent upon the closing of the company's previously announced offering of $425 million in senior secured second lien notes due 2032 [1] Company Overview - Concrete Pumping Holdings is a leading provider of concrete pumping and waste management services in the U.S. and U.K., operating under established national brands such as Brundage-Bone Concrete Pumping, Camfaud Group Limited, and Eco-Pan [3] - The company operates approximately 90 locations across 22 states in the U.S. and 35 locations in the U.K. for concrete pumping services, along with 20 locations in the U.S. and one in the U.K. for route-based concrete waste management services [3] - The company's large fleet of specialized pumping equipment and trained operators enables it to deliver efficient concrete placement solutions, resulting in labor cost savings, reduced placement times, enhanced safety, and improved construction quality [3]

Bond Offering and Use of Proceeds - The company successfully upsized its private offering of senior secured second lien notes to $425 million, an increase of $25 million from the previously announced $400 million [6] - The notes will bear an annual interest rate of 7.500% and are expected to close on January 31, 2025 [6] - Net proceeds from the notes will be used to redeem all outstanding 6.000% senior secured second lien notes due 2026 and pay related fees [1] - The remaining net proceeds, along with cash on hand, will fund a special one-time dividend of $1.00 per share, totaling approximately $53 million [1] Company Overview - Concrete Pumping Holdings is a leading provider of concrete pumping and waste management services in the U.S. and U.K. markets [2] - The company operates under established national brands: Brundage-Bone Concrete Pumping in the U.S., Camfaud Group in the U.K., and Eco-Pan for waste management in both regions [2] - As of October 31, 2024, the company has approximately 90 locations across 22 U.S. states, 35 locations in the U.K., and 20 waste management locations in the U.S. with one shared location in the U.K. [2] Regulatory and Offering Details - The notes have not been registered under the Securities Act of 1933 and may only be offered to qualified institutional buyers in the U.S. under Rule 144A or to non-U.S. persons under Regulation S [7] - The press release does not constitute an offer to sell or a solicitation of an offer to buy the notes, and any offer will be made only through a private offering memorandum [3]

Stock Performance - Concrete Pumping (BBCP) shares increased by 6.1% to $7.85 in the last trading session, driven by higher-than-average trading volume [1] - The stock has gained 1.8% over the past four weeks [1] - Waste Connections (WCN) shares rose 1.1% to $176.69 in the last trading session, but have declined 2.9% over the past month [3] Earnings and Revenue Expectations - Concrete Pumping is expected to report a quarterly loss of $0.06 per share, representing a year-over-year change of -200% [2] - Revenue for Concrete Pumping is expected to be $89.7 million, down 8.2% from the year-ago quarter [2] - Waste Connections' consensus EPS estimate for the upcoming report has changed -0.1% over the past month to $1.21, representing a year-over-year change of +9% [4] Industry and Peer Comparison - Concrete Pumping operates in the Zacks Waste Removal Services industry [3] - Waste Connections, another company in the same industry, currently has a Zacks Rank of 3 (Hold) [4] Market Sentiment and Trends - Concrete Pumping's stock performance is benefiting from the company's innovative network intelligence and security solutions, which are driving demand as businesses prioritize cybersecurity and efficient data management [1] - The consensus EPS estimate for Concrete Pumping has remained unchanged over the last 30 days, and the stock's price movement may be influenced by trends in earnings estimate revisions [3]

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use a variety of methods, including tried-an ...