Construction Partners Earnings Reports

Construction Partners delivered robust second-quarter results, driven by both organic growth and strategic acquisitions. Revenues surged year-over-year, profitability turned positive, and the company achieved a record project backlog, leading to raised guidance for FY25.

Construction Partners, Inc. reported a strong first quarter with a 42% increase in revenue and a 68% increase in Adjusted EBITDA compared to the same quarter last year. The company's project backlog reached a record $2.66 billion. CPI also completed the acquisition of Lone Star Paving and Overland Corporation.

Construction Partners, Inc. reported a revenue increase of 13% and a net income decrease of 5.2% for the fourth quarter of fiscal year 2024. The company's Adjusted EBITDA increased by 11.8% compared to the fourth quarter of the previous year. They also completed eight acquisitions in fiscal 2024 and acquired Lone Star Paving earlier in November.

Construction Partners, Inc. reported a strong third quarter with a 22.7% increase in revenue, a 42.4% increase in net income, and a 30.5% increase in Adjusted EBITDA compared to the same quarter last year. The company's project backlog reached a record $1.86 billion, and the company is raising its fiscal year 2024 outlook.

Construction Partners, Inc. announced a strong second quarter with a 14% increase in revenue compared to the same quarter last year. The company's project backlog reached a record $1.79 billion. Due to sustained industry trends and strong operational performance, the company is raising its outlook for fiscal year 2024.

Construction Partners, Inc. reported a 16% increase in revenue and a significant increase in net income and adjusted EBITDA for the first quarter of fiscal year 2024. The company's backlog reached a record $1.62 billion, reflecting strong demand in the infrastructure sector.

Construction Partners, Inc. reported a strong fiscal year 2023, highlighted by a record fourth quarter. The company saw significant increases in revenue, net income, and Adjusted EBITDA compared to the previous year, driven by infrastructure investments and a robust commercial market. They reported a record high project backlog of $1.6 billion at fiscal year-end.

Construction Partners, Inc. reported record quarterly revenue of $421.9 million, an 11% increase year-over-year. Net income increased by 78% to $21.7 million, and adjusted EBITDA rose by 50% to $56.4 million. The company's project backlog reached a record $1.59 billion.

Construction Partners, Inc. reported a strong second quarter with a 33.5% increase in revenue compared to the same quarter last year. The company's net loss improved, and adjusted EBITDA grew significantly. The company also raised its FY2023 outlook ranges.

Construction Partners, Inc. reported a 20% increase in revenue compared to the same quarter last year, driven by acquisitions and organic growth. The company's project backlog reached a record $1.47 billion. They are revising their annual guidance for fiscal year 2023, reflecting higher mid-point ranges than the outlook provided in November 2022.

Construction Partners, Inc. reported a strong fiscal fourth quarter and year-end results for 2022. Q4 revenue increased by 41% to a record $393.1 million, and Adjusted EBITDA rose by 45% to a record $39.4 million. The company's project backlog reached a record $1.41 billion. They anticipate as this backlog is converted, they will realize a steady increase to higher future profit margins.

Construction Partners, Inc. announced strong Q3 2022 results, with a 45% increase in revenue and a 30% increase in net income compared to the same quarter last year. The company also reported a record backlog of $1.33 billion. Based on this strong performance, the company is raising its FY2022 revenue outlook.

Construction Partners, Inc. reported a 35.9% increase in revenue compared to the second quarter of last year, with organic growth of approximately 19 percent and acquisitive growth of approximately 17 percent. The company experienced a net loss of $9.4 million, compared to a net loss of $4.9 million in the second fiscal quarter of 2021, impacted by an unprecedented inflationary cost environment.

Construction Partners, Inc. reported a strong first quarter with a 49.3% increase in revenue to $285.0 million and a 12.2% increase in Adjusted EBITDA to $26.4 million. The company's project backlog reached a record $1.09 billion, demonstrating strong demand for infrastructure services. However, net income decreased by 30.0% to $5.5 million.

Construction Partners, Inc. reported a strong fourth quarter with a 24% increase in revenue and a record year-end project backlog of $966 million. The company's fiscal year 2022 outlook reflects confidence in continued growth supported by strong customer demand and project funding.

Construction Partners, Inc. reported a 20.6% increase in revenue compared to the previous year's third quarter. The company's backlog grew to a record $823 million. However, net income decreased compared to the prior year, impacted by investments in people and technology, and supply chain and labor constraints.

Construction Partners, Inc. reported a 6.2% increase in revenue compared to the second quarter of last year, but experienced a net loss due to adverse weather conditions and a nonrecurring legal settlement. The company's project backlog reached a record high of $773.3 million, and it maintained its fiscal year 2021 outlook.

Construction Partners, Inc. reported an 8.9% increase in revenue, a 28.8% increase in gross profit, and a 44.1% increase in net income for the quarter ended December 31, 2020. The company is maintaining its fiscal year 2021 outlook.

Construction Partners, Inc. reported its Q4 and fiscal year-end results for 2020. The company's profitability was driven by its disciplined approach to productivity, effective utilization of resources and lower fuel costs. The company also provided a fiscal year 2021 outlook indicating strong growth in the coming year.

Construction Partners, Inc. reported financial results for its third fiscal quarter ended June 30, 2020. The company reported revenues of $217.0 million, gross profit of $36.5 million, net income of $15.7 million, and adjusted EBITDA of $31.9 million.

Construction Partners, Inc. reported a 2.7% increase in revenue and a 5.9% increase in gross profit for the second quarter of fiscal year 2020. However, net income decreased by 63.5%. The company is adjusting to the impacts from COVID-19.

Construction Partners, Inc. reported a strong first quarter for fiscal year 2020, with double-digit growth in revenue, gross profit, and Adjusted EBITDA. The company's performance was driven by improvements in existing markets and strategic acquisitions. They are maintaining their full-year outlook for fiscal 2020.