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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.
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%
Historical Earnings Impact
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Avg. Return Before/After Earnings
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