Loading...
•
Jun 30, 2024
Construction Partners Q3 2024 Earnings Report
Reported strong third quarter results with substantial year-over-year growth in revenue, net income and Adjusted EBITDA.
Key Takeaways
Construction Partners, Inc. reported a strong third quarter with a 22.7% increase in revenue, a 42.4% increase in net income, and a 30.5% increase in Adjusted EBITDA compared to the same quarter last year. The company's project backlog reached a record $1.86 billion, and the company is raising its fiscal year 2024 outlook.
Revenue increased by 22.7% compared to Q3 FY23.
Net income increased by 42.4% compared to Q3 FY23.
Adjusted EBITDA increased by 30.5% compared to Q3 FY23.
Record backlog of $1.86 billion was achieved.
Construction Partners
Construction Partners
Forward Guidance
The Company is increasing guidance for fiscal 2024 with regard to revenue, net income, Adjusted EBITDA and Adjusted EBITDA Margin.
Positive Outlook
- Revenue in the range of $1.835 billion to $1.860 billion
- Net income in the range of $73.5 million to $76.5 million
- Adjusted EBITDA in the range of $219 million to $228 million
- Adjusted EBITDA Margin in the range of 11.9% to 12.3%