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Dec 31, 2020
Construction Partners Q1 2021 Earnings Report
Reported strong financial performance driven by consistent demand, disciplined bidding, effective utilization, and vertical integration synergies.
Key Takeaways
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.
Revenue increased by 8.9% year-over-year to $190.9 million.
Gross profit increased by 28.8% year-over-year to $30.6 million.
Net income increased by 44.1% year-over-year to $7.9 million.
Adjusted EBITDA increased by 34.4% year-over-year to $23.1 million, with an adjusted EBITDA margin of 12.1%.
Construction Partners
Construction Partners
Forward Guidance
The company is maintaining its previously announced outlook for the year.