Earnings Call Insights: Concrete Pumping Holdings (BBCP) Q2 2026 Management view “We were pleased with our strong second quarter with revenue increasing 14% year-over-year and adjusted EBITDA growing 17%,” driven by “continued momentum across our U.S. operations” and “favorable end market activity,” according to (President, CEO & Director Bruce Young). Young said the quarter included “the early Ap...
Earnings Call Insights: Concrete Pumping Holdings (BBCP) Q2 2026 Management view “We were pleased with our strong second quarter with revenue increasing 14% year-over-year and adjusted EBITDA growing 17%,” driven by “continued momentum across our U.S. operations” and “favorable end market activity,” according to (President, CEO & Director Bruce Young). Young said the quarter included “the early April closing on the Templant Hire acquisition in the U.K.,” calling it “an important step in executing our strategy to build a diversified multiservice platform supporting the construction and infrastructure sectors,” and adding, “we see clear opportunities to accelerate growth.” Young highlighted ongoing demand tied to “commercial and infrastructure construction… including… data centers,” and said growth in those projects “continues to support improved utilization levels throughout our U.S. Concrete Pumping and Eco-Pan operations,” while acknowledging “office and portions of light commercial construction remains subdued” and “Residential construction activity also remains challenged.” “Revenue increased 14% to $106.8 million,” and “consolidated adjusted EBITDA increased 17% to $26.4 million,” (CFO, Secretary & Director Iain Humphries) said, while also noting “gross margin increased modestly to 38.6%” and “G&A improved to 27.3%.” Outlook “We are raising our full year revenue outlook to a range of $410 million to $425 million compared to our prior range of $390 million to $410 million,” (CFO Humphries) said. Humphries added, “We are also raising our adjusted EBITDA outlook to a range of $98 million to $105 million from our prior range of $90 million to $100 million,” and “increasing our free cash flow expectation to be at least $45 million from our prior expectation of approximately $40 million.” Humphries cautioned that “we expect year-over-year comparisons to reflect some tempered growth during the second half of fiscal 2026,” and said the company’s outlook “continues to as...
Anthropic's Marketing FUD Playbook Returns With Call To Pause AI Frontier Development Anthropic has elevated fear-based marketing to an art form. The company routinely warns the public, lawmakers, and corporate America about looming AI doom scenarios - then conveniently positions itself, its products, safety frameworks, and policy prescriptions as humanity’s best defense. This strategy is hardly n...
Anthropic's Marketing FUD Playbook Returns With Call To Pause AI Frontier Development Anthropic has elevated fear-based marketing to an art form. The company routinely warns the public, lawmakers, and corporate America about looming AI doom scenarios - then conveniently positions itself, its products, safety frameworks, and policy prescriptions as humanity’s best defense. This strategy is hardly new. Fear, Uncertainty, and Doubt (FUD) works because we're wired to be risk-averse . Nothing grabs attention faster than a well-crafted existential threat. In its latest iteration, Anthropic’s message is that AI models are advancing so rapidly they risk outrunning society’s ability to control them. The solution? The very guardrails, verification systems, and safety architecture that Anthropic is helpfully developing. “ We believe it would be good for the world to have the option to slow or temporarily pause frontier AI development to enable societal structures and alignment research to keep up with the advance of the technology ,” the company stated in a new post released Thursday. The Anthropic Institute will conduct research —in collaboration with many others—and take actions to help build the systems that a credible slowdown or pause would require. These systems would enable frontier AI developers to verify that others globally have actually stopped or slowed, and that a bad actor could not use the auspices of a coordinated slowdown to jump ahead in secret. If such systems existed, we expect that we would slow down or temporarily pause, if other developers at or near the frontier also did so in a verifiable manner. A meaningful slowdown or pause would require multiple well-resourced labs at or near the frontier, in multiple countries, agreeing to stop under the same conditions. It would also require that each can verify that the others have actually stopped . Due to the unique characteristics of AI systems, the detectability (a lower standard than verifiability) element ...
Tom Conrad, CEO at Sonos; Holly Shelton, Chief Product Officer at Oura and Ann Crady Weiss, CEO at Hatch discuss consumer devices, AI integration and hardware innovation with Bloomberg’s Mark Gurman at Bloomberg Tech 2026 in San Francisco. (Source: Bloomberg)
Tom Conrad, CEO at Sonos; Holly Shelton, Chief Product Officer at Oura and Ann Crady Weiss, CEO at Hatch discuss consumer devices, AI integration and hardware innovation with Bloomberg’s Mark Gurman at Bloomberg Tech 2026 in San Francisco. (Source: Bloomberg)
Valve now says that the delayed Steam Machine PC and Steam Frame VR headset are set to launch sometime this summer. In a Thursday blog post detailing its Verified programs for both pieces of hardware, Valve concludes by saying that "We're excited for players to try your titles on the new Steam hardware once they launch this summer." When the company originally announced the Machine and Frame along...
Valve now says that the delayed Steam Machine PC and Steam Frame VR headset are set to launch sometime this summer. In a Thursday blog post detailing its Verified programs for both pieces of hardware, Valve concludes by saying that "We're excited for players to try your titles on the new Steam hardware once they launch this summer." When the company originally announced the Machine and Frame alongside its new Steam Controller late last year, it said that it would start shipping the new gadgets in early 2026. But in February , the company announced that the ongoing memory and storage crunch had forced it to revisit its pricing and shipping pl … Read the full story at The Verge.
The bombing might have slowed in the Middle East, but the ongoing conflict has led to the closure of the Strait of Hormuz – a major energy supply route – and the dropping of inflation bombs, driving up energy and commodity costs worldwide. The cost of living is rising in most countries, but it’s especially bad for low-income and developing nations where fuel and food supplies are disrupted. The wo...
The bombing might have slowed in the Middle East, but the ongoing conflict has led to the closure of the Strait of Hormuz – a major energy supply route – and the dropping of inflation bombs, driving up energy and commodity costs worldwide. The cost of living is rising in most countries, but it’s especially bad for low-income and developing nations where fuel and food supplies are disrupted. The worldwide inflation has also affected China primarily through increasing import costs and global...
Mira Murati, Co-Founder & CEO of Thinking Machines Lab, discusses the future of human-AI interaction, evolving AI products and the biggest opportunities ahead with Bloomberg’s Emily Chang at Bloomberg Tech 2026 in San Francisco. (Source: Bloomberg)
Mira Murati, Co-Founder & CEO of Thinking Machines Lab, discusses the future of human-AI interaction, evolving AI products and the biggest opportunities ahead with Bloomberg’s Emily Chang at Bloomberg Tech 2026 in San Francisco. (Source: Bloomberg)
watch now VIDEO 1:33 01:33 CrowdStrike CEO: We're taking care of our customers in an era where AI is pervasive and people need security Mad Money with Jim Cramer CrowdStrike CEO George Kurtz said concerns surrounding AI-powered cyber threats are becoming a growing tailwind for the company, but investors expecting to see that impact in the first quarter were looking too soon. "You're talking about ...
watch now VIDEO 1:33 01:33 CrowdStrike CEO: We're taking care of our customers in an era where AI is pervasive and people need security Mad Money with Jim Cramer CrowdStrike CEO George Kurtz said concerns surrounding AI-powered cyber threats are becoming a growing tailwind for the company, but investors expecting to see that impact in the first quarter were looking too soon. "You're talking about Mythos breaking in the middle of April. Our quarter ends at the end of April," Kurtz said on CNBC's "Mad Money" on Thursday. "We're selling enterprise software, not necessarily shipping boxes. So these things take time to get into customers' hands." CrowdStrike reported stronger-than-expected results Wednesday and raised its full-year outlook . However, shares fell 4% after some investors questioned why the heightened attention surrounding Anthropic's Mythos did not translate into a larger near-term boost to results. Kurtz said the company's updated guidance tells the more important story. CrowdStrike raised its full-year net new annual recurring revenue outlook by more than $50 million, reflecting growing confidence in customer demand. "We have the confidence to do that because we see the opportunity that's in front of us," Kurtz said. "We see what customers are looking for, which is CrowdStrike." The CEO said demand for the company's AI security offerings is accelerating as businesses look for ways to safely deploy artificial intelligence across their organizations. He said CrowdStrike's AI Detection and Response platform's second quarter pipeline had already exceeded $50 million, while growing 250% sequentially. "What I know from talking to customers is they want to roll out more AI," Kurtz said. "If you need more AI, you want to consume more AI, you're going to need security." Kurtz also pushed back on the idea that advances in AI will reduce the need for cybersecurity vendors. Instead, he argued that AI is making attackers more capable and increasing the need for compr...
keni1/iStock via Getty Images President Trump announced plans Thursday to direct hundreds of millions of dollars in funding to support U.S. coal-fired power plants and coal exports, with most of the funding coming from Cold War-era emergency powers. Trump invoked the Defense Production Act, a 1950 law granting presidents broad authority over industries deemed critical to national security, to fu...
keni1/iStock via Getty Images President Trump announced plans Thursday to direct hundreds of millions of dollars in funding to support U.S. coal-fired power plants and coal exports, with most of the funding coming from Cold War-era emergency powers. Trump invoked the Defense Production Act, a 1950 law granting presidents broad authority over industries deemed critical to national security, to fund $425M in upgrades to 13 coal-fired power plants and $75M to support the proposed West Gateway coal export terminal in California. Beneficiaries from the initiative include Duke Energy ( DUK ), Hallador Energy ( HNRG ) , Oklahoma Gas & Electric ( OGE ), and at least one subsidiary of American Electric Power ( AEP ), Bloomberg reported. The U.S. Department of Energy also said it finalized up to $350M in previously announced funding to help develop four coal facility projects, including new power plants in Alaska and West Virginia, after previously committing $175M for six previously announced projects to upgrade existing coal facilities. Shares of coal producers finished mostly higher Thursday: Peabody Energy ( BTU ) up 3.6%, Core Natural Resources ( CNR ) up 2.6%, Alliance Resource Partners ( ARLP ) up 2.3%, Ramaco Resources ( METC ) up 1.2%, Alpha Metallurgical Resources ( AMR ) up 1.1%, Warrior Met Coal ( HCC ) flat. At Thursday's event in the Oval Office, Trump was accompanied by Interior Secretary Doug Burgum, Energy Secretary Chris Wright, and governors Patrick Morrisey of West Virginia and Mark Gordon of Wyoming. Gordon, who recently visited Japan and Taiwan, said Asia is hungry for coal from Wyoming to support their own AI efforts, and that opening the California port is "absolutely essential for the lifeblood of our state," the top U.S. coal-producing state. More on Peabody Energy, Core Natural Resources and Alliance Resource Partners Peabody Energy Presents at B. Riley Securities 26th Annual Institutional Investor Conference - Slideshow Core Natural Resources...
Welcome to Bloomberg’s California Edition—covering all the events shaping one of the world’s biggest economies and its global influence. This week, our team brings you inside-the-room reporting on the Golden State’s primaries. Sign up here if you’re not already on the list. It’s been a long week in California — and it’s not over yet . But while we still don’t know who will face whom in the second ...
Welcome to Bloomberg’s California Edition—covering all the events shaping one of the world’s biggest economies and its global influence. This week, our team brings you inside-the-room reporting on the Golden State’s primaries. Sign up here if you’re not already on the list. It’s been a long week in California — and it’s not over yet . But while we still don’t know who will face whom in the second round of the contest to run the Golden State, we do know who walked away bruised and battered from Tuesday night’s primary. In what’s already the most expensive gubernatorial race in US history (according to AdImpact ), billionaires have, for the most part, suffered a series of painful defeats. Here’s how it went down: 1. Happy funeral for a Silicon Valley campaign Less than 30 minutes after ballots closed in California, Matt Mahan started delivering his own political eulogy — and a requiem for Silicon Valley’s dreams of a governor to call their own. Mahan’s supporters knew going into the night that he wouldn’t succeed and yet they cheered as he hit 5% of the votes after polls closed (he’s currently down to 4%). Still, the poor performance is particularly stinging to some wealthy Californians like Reed Hastings and Michael Moritz who had embraced the centrist Democrat and amateur triathlete as their gubernatorial pick. Loyalists packed a San Jose whiskey bar for a watch party, with long lines for a buffet of momo dumplings, Korean chicken fried bites and beef sliders — a happy funeral for a campaign that never really took off. The billionaires helping his bid were nowhere to be seen. “We know what it means to host a party when you’re winning but it means a heck of a lot more to know who shows up when you’re not,” said San Jose’s first partner Silvia Mahan at the start of her introduction. — Biz Carson 2. The class traitor brigade Later Tuesday night, in San Francisco, billionaire Tom Steyer tried to reassure his supporters he could still make it to the next stage of the gov...