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Mar 31, 2020
Construction Partners Q2 2020 Earnings Report
Reported an increase in revenue and gross profit year-over-year, but a decrease in net income.
Key Takeaways
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.
Revenue increased by 2.7% year-over-year.
Gross profit increased by 5.9% year-over-year.
Net income decreased by 63.5% year-over-year.
Adjusted EBITDA increased by 2.0% year-over-year.
Forward Guidance
The Company has revised its outlook for fiscal year 2020 with regard to revenue, net income and Adjusted EBITDA.
Positive Outlook
- Revenue of $820 million to $830 million
- Net income of $32 million to $34 million
- Adjusted EBITDA of $88 million to $91 million
Historical Earnings Impact
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Avg. Return Before/After Earnings
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