Construction Partners

Construction Partners, Inc. is a civil infrastructure company, which engages in construction and maintenance of roadways and highways. The firm is also involved in the provision of products and services to both public and private infrastructure projects, with an emphasis on highways, roads, bridges, airports, and commercial and residential developments. The company was founded by Ned N. Fleming, III, R. Alan Palmer, and Charles E. Owens in 1999 and is headquartered in Dothan, AL.

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Construction Partners (ROAD) reports robust Q1 performance and growth outlook

Construction Partners (ROAD) delivered strong financial performance in Q1 2023, with revenue growth, record backlog, and revised annual guidance reflecting strategic decision-making and operational excellence.
While facing challenges with historical job margins and external factors, the company's focus on margin improvement, growth initiatives, and acquisitions positions it well for long-term success.
Opportunities in market expansion, acquisitions, and operational enhancements provide a positive outlook for Construction Partners (ROAD) as it navigates industry challenges and pursues growth.

Construction Partners (ROAD) excels in Q2, eyes growth opportunities

Construction Partners (ROAD) showcased strong financial performance in Q2 2023, underpinned by operational excellence and strategic advantages.
Despite challenges such as state budget uncertainties and margin pressures, the company's solid financial position and growth outlook position it well for future success.

Construction Partners (ROAD) achieves record Q3 results and eyes growth

Construction Partners (ROAD) delivered a stellar performance in Q3 2023, marked by record revenue, margin improvements, and strong net income growth.
Despite challenges like rising material costs, the company's strategic strengths, focus on efficiency, and growth initiatives position it well for future success.
With a positive outlook, confidence in growth prospects, and a commitment to operational excellence, Construction Partners remains poised for continued expansion and profitability.

Construction Partners (ROAD) posts record earnings, outlines ambitious growth plan

Construction Partners (ROAD) reported stellar financial performance, underpinned by strong revenue growth, margin expansion, and strategic acquisitions, setting the stage for future success.
While facing challenges such as margin pressures and supply chain disruptions, the company's focus on organic growth, customer relationships, and prudent financial management positions it well for sustained profitability.
With a clear strategic plan, robust balance sheet, and opportunities for growth, Construction Partners (ROAD) is poised to navigate industry headwinds, capitalize on market opportunities, and drive long-term value for stakeholders.

Construction Partners (ROAD) posts record Q1 results and outlines ambitious growth targets

Construction Partners (ROAD) delivered strong financial results in Q1 2024, backed by a record backlog and strategic acquisitions, setting a positive tone for future growth.
While facing challenges such as market dynamics and cost pressures, the company's clear vision, strong backlog visibility, and active bidding environments position it well for success.
Opportunities lie in sustained revenue growth, margin improvement, and infrastructure project demand, aligning with the company's strategic goals and long-term plan.

Construction Partners (ROAD) reports stellar Q2 performance and raises FY 2024 outlook

Construction Partners (ROAD) showcased robust operational performance and strategic growth initiatives in Q2 2024, leading to substantial revenue and EBITDA growth.
Despite challenges such as inflationary pressures and atypical backlog trends, the company remains well-positioned to capitalize on opportunities in the infrastructure market and maintain profitability.
With a strong backlog, healthy margins, and a busy second half ahead, Construction Partners (ROAD) is on track to meet its guidance and drive continued growth through a balanced approach to expansion.

Construction Partners (ROAD) reports robust Q3 earnings and growth outlook

Construction Partners (ROAD) delivered impressive financial results, showcasing strong revenue growth, margin expansion, and increased profitability.
The company's strategic focus on organic growth and acquisitions has bolstered its market position and financial performance.
Challenges in managing growth, competitive dynamics, and operational efficiency present areas for strategic focus and improvement.

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Construction Partners, Inc. is a civil infrastructure company, which engages in the construction and maintenance of roadways and highways. The firm is also involved in the provision of products and services to both public and private infrastructure projects, with an emphasis on highways, roads, bridges, airports, and commercial and residential developments. The company was founded by Ned N. Fleming, III, R. Alan Palmer, and Charles E. Owens in 1999 and is headquartered in Dothan, AL.

Today, we take our first look at Construction Partners, Inc, whose stock has done nicely so far in 2023. The company is parlaying higher infrastructure spending by Congress into gains of revenue and project backlog, but valuation looks more than stretched here. Can Construction Partners shares continue to rally?  An investment analysis follows in the paragraphs below.

Checking Out Construction Partners

Baird's Global Consumer, Technology & Services Investors Conference and  Stifel's Cross Sector Insight Investor Conference DOTHAN, Ala. , May 31, 2023 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ: ROAD) (the "Company"), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways across six southeastern states, today announced that it will participate in two upcoming investor conferences in June 2023.

Construction Partners, Inc. to Participate in Two June Investor Conferences

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Construction Partners, Inc. (NASDAQ:ROAD ) Q2 2023 Earnings Conference Call May 5, 2023 10:00 AM ET Company Participants Rick Black - Investor Relations Jule Smith - Chief Executive Officer Greg Hoffman - Chief Financial Officer Ned Fleming - Executive Chairman Conference Call Participants Andy Wittmann - Baird Adam Thalhimer - Thompson, Davis & Company Stanley Elliott - Stifel Brian Russo - Sidoti & Company Operator Greetings and welcome to the Construction Partners, Inc. Second Quarter Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.

Construction Partners, Inc. (ROAD) Q2 2023 Earnings Call Transcript

Construction Partners (ROAD) came out with a quarterly loss of $0.11 per share versus the Zacks Consensus Estimate of a loss of $0.18. This compares to loss of $0.18 per share a year ago.

Construction Partners (ROAD) Reports Q2 Loss, Tops Revenue Estimates

Revenue Up 34% Compared to Q2 FY2022 Record Backlog of $1.52 Billion Company Raises FY2023 Outlook Ranges DOTHAN, Ala. , May 5, 2023 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ: ROAD) ("CPI" or the "Company"), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways across six southeastern states, today reported financial and operating results for the fiscal quarter ended March 31, 2023.

Construction Partners, Inc. Announces Fiscal 2023 Second Quarter Results

Construction Partners, Inc. (NASDAQ: ROAD) (the "Company"), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways across six southeastern states, today announced that it will release its fiscal 2023 second quarter results on May 5, 2023, before the market opens. In addition, the Company has scheduled a conference call to discuss its results at 9:00 a.m. Central Time (10:00 a.m. Eastern Time). The conference call may be accessed by phone or webcast, as follows:

Construction Partners, Inc. Announces Schedule for Fiscal 2023 Second Quarter Earnings Release and Conference Call

Construction Partners' (ROAD) acquisition of Pickens Construction strengthens its presence in South Carolina.

Construction Partners (ROAD) Acquires Pickens Corporation

Construction Partners should benefit from the infrastructure funding in the United States and acquisitions. The company's profitability should improve in 2H FY23 and beyond.

Construction Partners: Infrastructure Funding And Acquisitions Driving Growth

Greg Hoffman to Succeed Alan Palmer as Chief Financial Officer DOTHAN, Ala. , March 6, 2023 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ: ROAD) ("CPI", the "Company" or "Construction Partners"), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways across six southeastern states, today announced, in accordance with the Company's management succession plan, that Greg Hoffman will succeed Alan Palmer as Chief Financial Officer, effective following the close of business on March 31, 2023.

Construction Partners, Inc. Announces Planned Management Transition

Construction Partners, Inc. (NASDAQ:ROAD ) Q1 2023 Results Conference Call February 10, 2023 10:00 AM ET Company Participants Rick Black - Investor Relations Jule Smith - CEO Alan Palmer - Chief Financial Officer Ned Fleming - Executive Chairman Conference Call Participants Stanley Elliott - Stifel Andy Wittmann - Baird Tyler Brown - Raymond James Michael Feniger - Bank of America Brian Russo - Sidoti & Company Brent Thielman - D.A. Davidson Kevin Gainey - Thompson Davis Operator Good morning.

Construction Partners, Inc. (ROAD) Q1 2023 Earnings Call Transcript

Construction Partners (ROAD) delivered earnings and revenue surprises of -33.33% and 7.64%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Construction Partners (ROAD) Misses Q1 Earnings Estimates

Revenue Up 20% Compared to Q1 FY2022 Record Backlog of $1.47 Billion Company Raises Mid-Point of FY2023 Outlook Ranges DOTHAN, Ala. , Feb. 9, 2023 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ: ROAD) ("CPI" or the "Company"), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways across six southeastern states, today reported financial and operating results for the fiscal quarter ended December 31, 2022.

Construction Partners, Inc. Announces Fiscal 2023 First Quarter Results

Construction Partners (ROAD) Q1 results are likely to reflect healthy funding programs at the state and federal levels amid inflationary and supply-chain challenges.

Construction Partners (ROAD) to Report Q1 Earnings: What's Up?

Construction Partners (ROAD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Construction Partners (ROAD) Q1 Earnings Expected to Decline

DOTHAN, Ala. , Jan. 13, 2023 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ: ROAD) (the "Company"), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways across six southeastern states, today announced that it will release its fiscal 2023 first quarter results on February 9, 2023, after the market closes.

Construction Partners, Inc. Announces Schedule for Fiscal 2023 First Quarter Earnings Release and Conference Call

ROAD posted solid Q4 FY22 results. ROAD acquired three hot mix asphalt plants in Nashville.

Construction Partners: Good Bet For FY 2023

Construction Partners' (ROAD) acquisition of Ferebee Corporation strengthens its presence in North Carolina.

Construction Partners (ROAD) Buys NC-Based Ferebee Corporation

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Construction Partners (ROAD) Q4 results reflect healthy funding programs at the state and federal levels.

Construction Partners (ROAD) Q4 Earnings & Revenues Top Estimates

Construction Partners, Inc. (NASDAQ:ROAD ) Q4 2022 Results Conference Call November 22, 2022 10:00 AM ET Company Participants Rick Black - Investor Relations Jule Smith - President and Chief Executive Officer Alan Palmer - Executive Vice President and Chief Financial Officer and Ned Fleming - Executive Chairman Conference Call Participants Tyler Brown - Raymond James Stanley Elliott - Stifel Andy Whitman - Baird Adam Thalhimer - Thompson Davis Michael Feniger - Bank of America Brian Russo - Sidoti Brent Thielman - D.A. Davidson Operator Greetings, and welcome to the Construction Partners, Incorporated.

Construction Partners, Inc. (ROAD) Q4 2022 Earnings Call Transcript

Construction Partners (ROAD) delivered earnings and revenue surprises of 8.70% and 8.25%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Construction Partners (ROAD) Q4 Earnings and Revenues Top Estimates

Revenue Up 43%, Net Income Up 6%, Adjusted EBITDA Up 23%, Compared to FY2021 Q4 Adjusted EBITDA Up 45% Compared to Q4 FY2021 Company Reports Record Backlog of $1.41 Billion Announces FY2023 Outlook Ranges DOTHAN, Ala. , Nov. 22, 2022 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ: ROAD) ("CPI" or the "Company"), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways across six southeastern states, today reported financial and operating results for the fiscal quarter and fiscal year ended September 30, 2022.

Construction Partners, Inc. Announces Fiscal 2022 Fourth Quarter and Year-End Results

Company Acquires 3 Hot-Mix Asphalt Plants DOTHAN, Ala. , Nov. 21, 2022 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ: ROAD) (the "Company" or "CPI"), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways across six southeastern states, today announced that it has acquired three hot-mix asphalt plants in the Nashville, Tennessee metro area from Blue Water Industries.

Construction Partners, Inc. Enters Nashville, TN Metro Area

Construction Partners' (ROAD) fiscal fourth-quarter performance will likely reflect strong demand for infrastructure services throughout the end markets served.

News for Construction Partners Stock (ROAD)