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Dec 31, 2024
Construction Partners Q1 2025 Earnings Report
Reported strong first quarter performance driven by revenue and Adjusted EBITDA growth, along with a record backlog and strategic acquisitions.
Key Takeaways
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.
Revenue increased by 42% compared to Q1 FY24, reaching $561.6 million.
Adjusted EBITDA increased by 68% compared to Q1 FY24, resulting in an Adjusted EBITDA margin of 12.25%.
Project backlog reached a record $2.66 billion.
Completed the acquisition of Lone Star Paving and Overland Corporation, expanding operations into Texas and Oklahoma.
Construction Partners
Construction Partners
Forward Guidance
CPI raised its fiscal 2025 outlook ranges, anticipating revenue between $2.66 billion and $2.74 billion, net income between $93.0 million and $105.6 million, Adjusted net income between $109.5 million and $122.1 million, Adjusted EBITDA between $375.0 million and $400.0 million, and Adjusted EBITDA margin between 14.1% and 14.6%.
Positive Outlook
- Revenue in the range of $2.66 billion to $2.74 billion
- Net income in the range of $93.0 million to $105.6 million
- Adjusted net income in the range of $109.5 million to $122.1 million
- Adjusted EBITDA in the range of $375.0 million to $400.0 million
- Adjusted EBITDA margin in the range of 14.1% to 14.6%