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Sep 30, 2020
Construction Partners Q4 2020 Earnings Report
Reported strong profitability driven by disciplined project management, effective resource utilization, vertical integration synergies, and lower fuel costs.
Key Takeaways
Construction Partners, Inc. reported its Q4 and fiscal year-end results for 2020. The company's profitability was driven by its disciplined approach to productivity, effective utilization of resources and lower fuel costs. The company also provided a fiscal year 2021 outlook indicating strong growth in the coming year.
Revenue was $785.7 million, up 0.3% year-over-year.
Gross profit was $122.2 million, up 3.6% year-over-year.
Net income was $40.3 million, down 6.5% year-over-year.
Project backlog at September 30, 2020 was $608.1 million, compared to $531.6 million at September 30, 2019.
Construction Partners
Construction Partners
Forward Guidance
The Company announced its outlook for fiscal year 2021 with regard to revenue, net income and Adjusted EBITDA.
Positive Outlook
- Revenue of $950 million to $1.0 billion
- Net income of $42.0 million to $46.5 million
- Adjusted EBITDA of $109.0 million to $118.0 million