Exhibit 99.1

Concrete Pumping Holdings Reports Strong Second Quarter Fiscal Year 2022 Results

Completes Three Strategic Tuck-In Acquisitions for $11.3 Million and

Announces $10 Million Share Repurchase Plan

DENVER, CO – June 7, 2022 – Concrete Pumping Holdings, Inc. (Nasdaq: BBCP) (the “Company” or “CPH”), a leading provider of concrete pumping and waste management services in the U.S. and U.K., reported financial results for the quarter ended April 30, 2022.

Second Quarter Fiscal Year 2022 Summary vs. Second Quarter Fiscal Year 2021 (unless otherwise noted)

Management Commentary

“We experienced strong revenue momentum in the second quarter, driven by double-digit growth across all segments,” said CPH CEO Bruce Young. “By end market, we continued to experience growth in our residential and infrastructure projects, as well as a resurgence in our commercial work as a result of the continued cessation of pandemic-related restrictions. On the cost side of our business, rapid inflation, particularly in diesel fuel, continues to impact our margins. Despite these headwinds, we have been successful driving strong EBITDA growth as a result of recalibrating our rates in addition to organically growing the business.

“During the quarter, we continued to execute upon our tuck-in M&A strategy to support organic growth, acquiring assets from two businesses in the Southern United States and one in the United Kingdom. Two of the acquisitions expand our presence in Corpus Christi, TX and the U.K, respectively, while the third acquisition allowed us to enter a new market covering lower Alabama and the Florida panhandle. We believe that all three businesses fit our criteria of high-returning capital investments that will position us to expand revenue and improve margins over time.

“As we look to the remainder of fiscal year 2022, we expect the momentum in our end-markets to continue. As we anticipate inflationary headwinds to persist, our focus will be to offset as much cost pressures and continue to deliver significant EBITDA growth while delivering the best service to our customers. Looking beyond 2022, we believe that we remain well positioned to capitalize on strategic opportunities and secular demand trends across our geographic footprint.”

¹ Adjusted EBITDA and net debt are financial measures that are not calculated in accordance with Generally Accepted Accounting Principles in the United States (“GAAP”). See “Non-GAAP Financial Measures” below for a discussion of the definition of the non-GAAP financial measures used in this release and a reconciliation to the most comparable GAAP measure.

Second Quarter Fiscal Year 2022 Financial Results

Revenue in the second quarter of fiscal year 2022 increased 25.5% to $96.5 million compared to $76.9 million in the second quarter of fiscal year 2021. The increase was primarily attributable to double-digit growth across each of the Company’s segments. Excluding the revenue contribution from the acquisitions of Hi-Tech Concrete Pumping Services (Hi-Tech) and Pioneer Concrete Pumping Service, Inc. (Pioneer) of $6.9 million collectively in the second quarter of 2022, organic revenue growth for the quarter increased 16.5% to $89.6 million.

Gross profit in the second quarter of fiscal year 2022 increased 16.9% to $38.9 million compared to $33.3 million in the second quarter of fiscal year 2021. Gross margin was 40.4% compared to 43.3% in the prior year quarter due to inflationary pressures, primarily in diesel fuel.

G&A expenses in the second quarter of fiscal year 2022 were $28.5 million compared to $26.5 million in the second quarter of 2021. As a percentage of revenue, G&A expenses improved to 29.6% in the second quarter of 2022 compared to 34.4% in the second quarter of 2021. The increase in G&A expenses was largely due to (1) higher labor costs of approximately $2.4 million primarily due to additional personnel that joined the Company as a result of the recent acquisitions and (2) an additional $1.0 million related to fluctuations in the GBP. This was offset slightly by lower amortization of intangible assets expense of $1.2 million and lower stock-based compensation expense of $2.0 million year-over-year.

Net income available to common shareholders in the second quarter of 2022 improved to $5.6 million or $0.10 per diluted share, compared to a net loss of $11.4 million or $0.21 per diluted share in the prior year quarter. The improvement was due to the increase in revenue, as well as a $13.9 million year-over-year change in fair value of warrant liabilities, which reflected an increase of $2.5 million in the second quarter of 2022 compared to an expense of $11.5 million in the second quarter of fiscal 2021.

Adjusted EBITDA in the second quarter of fiscal year 2022 was $27.7 million compared to $25.0 million in the second quarter of fiscal year 2021. Adjusted EBITDA margin was 28.7% compared to 32.6% in the prior year quarter. The decrease was primarily attributable to inflationary pressures.

Liquidity

On April 30, 2022, the Company had debt outstanding of $404.9 million, net debt of $402.2 million and total available liquidity of $96.4 million.

Segment Results

U.S. Concrete Pumping. Revenue in the second quarter of fiscal 2022 increased 27.8% to $71.8 million compared to $56.2 million in the year-ago quarter. The improvement was primarily driven by the acquisition of Hi-Tech in Fiscal 2021 and Pioneer in the first quarter of fiscal 2022. Supplemental revenue growth was a result of organic improvements in volume and rate per hour increases. Net income in the second quarter of fiscal 2022 improved to $1.7 million compared to a net loss of $0.9 million in the prior year second quarter. Adjusted EBITDA in the second quarter of fiscal 2022 increased 14.3% to $18.6 million compared to $16.3 million in the year-ago quarter.

U.K. Operations. Revenue in the second quarter of fiscal 2022 grew 14.2% to $13.5 million compared to $11.9 million in the year-ago quarter. Excluding the impact from fluctuations in the foreign currency exchange rate between the U.S. Dollar and the Pound Sterling, revenue would have been up 19.7% from the prior year quarter. Net income in the second quarter of fiscal 2022 was $0.1 million compared to net income of $0.4 million in the prior year second quarter. Adjusted EBITDA in the second quarter of fiscal 2022 was $3.8 million compared to $4.1 million in the year-ago quarter.

U.S. Concrete Waste Management Services. Revenue in the second quarter of fiscal 2022 increased 25.2% to $11.3 million compared to $9.0 million in the year-ago quarter. The double-digit improvement was a result of organic growth, rate per hour improvements, and continued pandemic recovery trends. Net income in the second quarter of fiscal 2022 improved to $1.5 million from net income of $0.8 million in the prior year second quarter. Adjusted EBITDA in the second quarter of fiscal 2022 increased 16.0% to $4.6 million compared to $4.0 million in the year-ago quarter.

Fiscal Year 2022 Outlook

The Company continues to expect fiscal year 2022 revenue to range between $360.0 million to $370.0 million, Adjusted EBITDA to range between $115.0 million to $120.0 million, and free cash flow² to range between $55.0 million and $60.0 million.

Share Repurchase Program

The Board of Directors also approved a program that authorizes the repurchase of up to $10 million of the Company’s common stock through June 15, 2023.

Commenting on the share repurchase program, Bruce Young said: “We are committed to strategically deploying capital to drive long-term value for stockholders. We believe that the current macroeconomic environment, combined with the strength of our balance sheet, presents an attractive buying opportunity for our stock. This new share repurchase plan is a reflection of the confidence our board has in our market opportunity and our strategy to invest for long-term growth, which we believe is not reflected in the current market valuation, while creating sustainable value for our stockholders.”

The repurchase program permits shares to be repurchased in the open market, by block purchase, in privately negotiated transactions, in one or more transactions from time to time, or pursuant to any trading plan adopted in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934 (the “Exchange Act”). Open market purchases will be conducted in accordance with the limitations set forth in Rule 10b-18 of the Exchange Act and other applicable legal and regulatory requirements.

The timing and actual number of shares to be repurchased will be made at the Company’s discretion and will depend on a variety of factors including, without limitation, stock price, corporate and regulatory requirements, market conditions, CPH’s financial performance, and bank capital and liquidity requirements and priorities. The repurchase program does not obligate the Company to purchase any particular number of shares.

The repurchase program may be suspended, terminated, extended or otherwise modified by the Board without notice at any time for any reason, including, without limitation, market conditions, the cost of repurchasing shares, the availability of alternative investment opportunities, capital and liquidity objectives, and other factors deemed appropriate by CPH’s management.

² Free cash flow is defined as Adjusted EBITDA less net replacement capital expenditures less cash paid for interest.

Conference Call

The Company will hold a conference call today at 5:00 p.m. Eastern time to discuss its second quarter 2022 results.

Date: Tuesday, June 7, 2022

Time: 5:00 p.m. Eastern time (3:00 p.m. Mountain time)

Toll-free dial-in number: 1-877-407-9039

International dial-in number: 1-201-689-8470

Conference ID: 13727191

Please call the conference telephone number 5-10 minutes prior to the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact Gateway Investor Relations at 1-949-574-3860.

The conference call will be broadcast live and available for replay at "https://viavid.webcasts.com/starthere.jsp?ei=1550368&tp_key=2f0718bc3a" and via the investor relations section of the Company’s website at www.concretepumpingholdings.com.

A replay of the conference call will be available after 8:00 p.m. Eastern time on the same day through June 28, 2022.

Toll-free replay number: 1-844-512-2921

International replay number: 1-412-317-6671

Replay ID: 13727191

About Concrete Pumping Holdings

Concrete Pumping Holdings is the leading provider of concrete pumping services and concrete waste management services in the fragmented U.S. and U.K. markets, primarily operating under what we believe are the only established, national brands in both geographies – Brundage-Bone for concrete pumping in the U.S., Camfaud in the U.K., and Eco-Pan for waste management services in both the U.S. and U.K. The Company’s large fleet of specialized pumping equipment and trained operators position it to deliver concrete placement solutions that facilitate labor cost savings to customers, shorten concrete placement times, enhance worksite safety and improve construction quality. Highly complementary to its core concrete pumping service, Eco-Pan seeks to provide a full-service, cost-effective, regulatory-compliant solution to manage environmental issues caused by concrete washout. As of April 30, 2022, the Company provided concrete pumping services in the U.S. from a footprint of approximately 95 locations across 20 states, concrete pumping services in the U.K. from approximately 30 locations, and route-based concrete waste management services from 17 locations in the U.S. and 1 shared location in the U.K. For more information, please visit www.concretepumpingholdings.com or the Company’s brand websites at www.brundagebone.com, www.camfaud.co.uk, or www.eco-pan.com.

Forward‐Looking Statements

This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. The Company’s actual results may differ from expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” “outlook” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, the Company’s expectations with respect to future performance, including the Company's fiscal year 2022 outlook. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside the Company’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to: the adverse impact of recent inflationary pressures, global economic conditions and events related to these conditions, such as the ongoing war in Ukraine and the COVID-19 pandemic, on our business, including fluctuations in fuel costs; the outcome of any legal proceedings or demand letters that may be instituted against or sent to the Company or its subsidiaries; the ability of the Company to grow and manage growth profitably and retain its key employees; the ability to complete targeted acquisitions and to realize the expected benefits from completed acquisitions; changes in applicable laws or regulations; the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors; and other risks and uncertainties indicated from time to time in the Company’s filings with the Securities and Exchange Commission, including the risk factors in the Company's latest Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. The Company cautions that the foregoing list of factors is not exclusive. The Company cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. The Company does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based.

Non-GAAP Financial Measures

Adjusted EBITDA is a financial measure that is not calculated in accordance with Generally Accepted Accounting Principles in the United States (“GAAP”). The Company believes that this non-GAAP financial measure provides useful information to management and investors regarding certain financial and business trends relating to the Company’s financial condition and results of operations. The Company’s management also uses this non-GAAP financial measure to compare the Company’s performance to that of prior periods for trend analyses, determining incentive compensation and for budgeting and planning purposes. Adjusted EBITDA is also used in quarterly and annual financial reports provided to the Company’s board of directors. The Company believes that this non-GAAP measure provides an additional tool for investors to use in evaluating the Company’s ongoing operating results and in comparing the Company’s financial results with competitors who also present similar non-GAAP financial measures.

Adjusted EBITDA is defined as net income calculated in accordance with GAAP plus interest expense, income taxes, depreciation, amortization, transaction expenses, loss on debt extinguishment, stock-based compensation, other income, net, and other adjustments. Adjusted EBITDA is not pro forma for acquisitions. Adjusted EBITDA margin is defined as Adjusted EBITDA divided by total revenue for the period presented. See below for a reconciliation of Adjusted EBITDA to net income (loss) calculated in accordance with GAAP.

Net debt is calculated as all amounts outstanding under debt agreements (currently this includes the Company’s senior notes and revolving line of credit balances, excluding any offsets for capitalized deferred financing costs) measured in accordance with GAAP less cash. Cash is subtracted from the GAAP measure because it could be used to reduce the Company’s debt obligations. A limitation associated with using net debt is that it subtracts cash and therefore may imply that there is less Company debt than the most comparable GAAP measure indicates. CPH believes this non-GAAP measure provides useful information to management and investors in order to monitor the Company’s leverage and evaluate the Company’s consolidated balance sheet. See “Non-GAAP Measures (Reconciliation of Net Debt)” below for a reconciliation of net debt to amounts outstanding under debt agreements calculated in accordance with GAAP.

Free cash flow is defined as Adjusted EBITDA less net replacement capital expenditures and cash paid for interest. Replacement capital expenditures are investments in replacing existing equipment. This measure is not a substitute for cash flow from operations and does not represent the residual cash flow available for discretionary expenditures, since certain non-discretionary expenditures, such as debt servicing payments, are not deducted from the measure. CPH believes this non-GAAP measure provides useful information to management and investors in order to monitor and evaluate the cash flow yield of the business.

The financial statement tables that accompany this press release include a reconciliation of Adjusted EBITDA and net debt to the applicable most comparable U.S. GAAP financial measure. However, the Company has not reconciled the forward-looking Adjusted EBITDA guidance range and free cash flow range included in this press release to the most directly comparable forward-looking GAAP measures because this cannot be done without unreasonable effort due to the lack of predictability regarding the various reconciling items such as provision for income taxes and depreciation and amortization.

Current and prospective investors should review the Company’s audited annual and unaudited interim financial statements, which are filed with the U.S. Securities and Exchange Commission, and not rely on any single financial measure to evaluate the Company’s business. Other companies may calculate Adjusted EBITDA, net debt and free cash flow differently and therefore these measures may not be directly comparable to similarly titled measures of other companies.

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¹ Adjusted EBITDA is a financial measure that is not calculated in accordance with Generally Accepted Accounting Principles in the United States (“GAAP”). See “Non-GAAP Financial Measures” below for a reconciliation of such measure to its most comparable GAAP measure.

² Capital expenditures included $10.6 million of cash outflows related to growth investment for the fiscal 2022 second quarter, $19.1 million related to growth investments for the fiscal 2022 first quarter and $5.9 million and $14.1 million related to growth investments for the fiscal 2021 third and fourth quarters, respectively.