Concrete Pumping Holdings, Inc.

Good afternoon, everyone, and thank you for participating in today's conference call to discuss Concrete Pumping Holdings financial results for the first quarter ended January 31st, 2026. Joining us today are Concrete Pumping Holdings CEO, Bruce Young, CFO, Ian Humphreys, and the company's external director of investor relations, Cody Slock. Before we go further, I would like to turn the call over to Mr. Slock to read the company's safe harbor statement within the meaning of the Private Securities Litigation Reform Act of 1995 that provides important cautions regarding forward-looking statements. Cody, please go ahead.

Thank you. I'd like to remind everyone that during this call, to give you a better understanding of our operations, we will be making certain forward-looking statements regarding our business and outlook. These statements are subject to numerous risks and uncertainties, that could cause actual results to differ materially from such statements. For information concerning these risks and uncertainties, see Concrete Pumping Holdings' annual report on Form 10-K, quarterly report on Form 10-Q, and other publicly available filings with the SEC. The company disclaims any intention or obligation to update or revise any forelooking statements, whether because of new information, future events, or otherwise. On today's call, we will also reference certain non-GAAP financial measures, including adjusted EBITDA, net debt, and free cash flow, which we believe provide useful information for investors. We provide further information about these non-GAAP financial measures and reconciliations of the comparable GAAP measures in our press release issued today or the investor presentation posted on the company's website. I'd like to remind everyone that this call will be available for replay later this evening. A webcast replay will also be available via the link provided in today's press release, as well as on the company's website. Additionally, we have posted an updated investor presentation to the company's website. Now, I would like to turn the call over to the CEO of Concrete Pumping Holdings, Bruce Young. Bruce?

Thank you, Cody, and good afternoon, everyone. We were pleased with our first quarter results, which represented a promising start to the year. Revenue increased 5% year over year, with adjusted EBITDA up 6%, driven by a return to growth in our U.S. concrete pumping operations, solid execution across the organization, and continued discipline around pricing and cost management. The quarter was led by renewed growth in our commercial and market, where activity improved year over year. In particular, demand from large-scale data center projects has remained strong across several of our core geographies, and continues to be a meaningful driver of growth for the business. These projects benefit from our scale, fleet depth, and ability to reliably service complex high volume pours, and we believe we are well positioned to continue supporting this activity. We also benefited from more favorable weather patterns during the quarter compared to the prior year quarter. Combined with strength in pricing, these factors contributed to improved performance in a solid quarter of free cash flow generation. Outside of data centers, the broader commercial end market continues to reflect the trends we have seen in recent quarters. Heavy commercial activity remains relatively resilient while more interest rate sensitive segments such as office construction continue to experience softness as developers remain cautious in the current rate environment. Turning to residential, conditions were largely unchanged from prior quarters. Elevated interest rates and affordability constraints continue to weigh on home building activity and volumes in this end market remain soft. While we continue to believe in the long-term fundamentals of housing given structural supply-demand imbalances, near-term conditions remain challenging. Infrastructure activity was also generally consistent with recent trends. We continue to closely monitor public infrastructure spending, particularly as the current federal funding bill approaches its expiration in September. That said, it is important to remember that the infrastructure funding is not an on and off switch. Historically, when a new funding bill is not immediately in place, extensions of existing programs are often implemented, typically adjusted for inflation. As a result, bidding activity and project starts tend to continue. Given this dynamic, our national footprint, we remain optimistic on the overall infrastructure backdrop. Our Ecopan waste management services business again delivered a strong quarter, continuing to demonstrate the ability and justification benefits it brings to the platform. Demand remains healthy, supported by both volume and pricing, and Ecopan continues to perform excellently even as the broader construction markets remain mixed. Moving to our UK operations, the impacts of interest rates and economic uncertainty continue to weigh heavily on commercial project volumes. However, infrastructure remains resilient in the UK, particularly with energy projects and the continued demand in HS2 construction and the long construction runway remaining to the project completion. Finally, we remain on track with our capital investment plans we discussed last quarter. Our focus on fleet management, efficiency, and disciplined capital allocation remains unchanged, and we believe these investments will continue to enhance our competitive positioning, support margins, and drive long-term shareholder value. Overall, we are encouraged by the start of the year and believe the first quarter reinforces the strength of our operating model, the benefits of our scale, and our ability to perform across a range of market conditions. I will now turn the call over to Ian to walk through financial results in more detail. Ian?