Loading...
•
Dec 31, 2019
Construction Partners Q1 2020 Earnings Report
Reported double-digit year-over-year growth in revenue, gross profit and Adjusted EBITDA.
Key Takeaways
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.
Revenue increased by 13.6% to $175.3 million.
Gross profit increased by 12.4% to $23.8 million.
Net income increased by 6.0% to $5.5 million.
Earnings per share increased to $0.11 from $0.10.
Construction Partners
Construction Partners
Forward Guidance
The Company maintained its outlook for fiscal year 2020 with regard to revenue, net income and Adjusted EBITDA.
Positive Outlook
- Revenue of $830 million to $870 million, compared to $783.2 million actual in FY 2019
- Net income of $39 million to $44 million, compared to $43.1 million actual in FY 2019
- Adjusted EBITDA of $94 million to $102 million, compared to $92.3 million actual in FY 2019
Challenges Ahead
- The fiscal year 2020 outlook does not take into account the potential impact of any new federal or state infrastructure or highway-related legislation that could take effect in 2020.