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Sep 30, 2024
Construction Partners Q4 2024 Earnings Report
Reported a 13% increase in revenue and a decrease of 5.2% in net income compared to the same quarter last year.
Key Takeaways
Construction Partners, Inc. reported a revenue increase of 13% and a net income decrease of 5.2% for the fourth quarter of fiscal year 2024. The company's Adjusted EBITDA increased by 11.8% compared to the fourth quarter of the previous year. They also completed eight acquisitions in fiscal 2024 and acquired Lone Star Paving earlier in November.
Revenue increased by 13% compared to Q4 2023.
Net income decreased by 5.2% compared to Q4 2023.
Adjusted EBITDA increased by 11.8% compared to Q4 2023.
Project backlog reached a record $1.96 billion.
Construction Partners
Construction Partners
Forward Guidance
CPI projects continued growth and enhanced profitability in fiscal 2025, supported by the contribution of Lone Star Paving.
Positive Outlook
- Revenue is projected to be in the range of $2.48 billion to $2.58 billion.
- Net income is projected to be in the range of $97 million to $113 million.
- Adjusted EBITDA is projected to be in the range of $347 million to $377 million.
- Adjusted EBITDA Margin is projected to be in the range of 14.0% to 14.6%.
- Addition of Lone Star positions CPI to accelerate its ROAD-Map 2027 strategy.