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.

Construction Partners (ROAD) reports record earnings and strategic acquisitions

Construction Partners (ROAD) delivered a stellar performance in Q4 2024, marked by record financial achievements and strategic acquisitions.
The company's strengths lie in its operational resilience, diversified footprint, and robust financial position.
While facing challenges in integration and market dynamics, ROAD has ample opportunities for growth and value creation.
Overall, ROAD's strong performance, strategic initiatives, and growth outlook position it favorably in the construction industry.

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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.

Construction Partners (ROAD) came out with quarterly earnings of $0.19 per share, beating the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $0.04 per share a year ago.

Construction Partners (ROAD) Tops Q1 Earnings and Revenue Estimates

Q1 Revenue up 16% Compared to Q1 FY23 Q1 Net Income of $9.8M & EPS of $0.19 Compared to $1.9M & $0.04 in Q1 FY23 Q1 Adjusted EBITDA Up 50% Compared to Q1 FY23 Company Reports Record Backlog of $1.62 Billion DOTHAN, Ala. , Feb. 9, 2024 /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 its fiscal first quarter ended December 31, 2023.

Construction Partners, Inc. Announces Fiscal 2024 First Quarter Results

Construction Partners (ROAD) closed the most recent trading day at $43.40, moving +0.21% from the previous trading session.

Why the Market Dipped But Construction Partners (ROAD) Gained Today

Active Energy Group PLC (AIM:AEG, OTCQB:ATGVF) said it is talking to lawyers and alternative production partners after the contractor building its first CoalSwitch 'black pellet' biomass plant refused to commit to future production. After contractor Player Design Inc (PDI) pushed back the date of the commissioning of the Ashland plant, which is situated in the US state of Maine, several times last year, Active Energy said it had been in talks to try and resolve the construction issues PDI has now said it is "no longer willing or able to commit to either: i) a future production date for CoalSwitch fuel; or ii) future production volumes of CoalSwitch fuel", the AIM-listed company said in a statement.

Active Energy talks to alternative construction partners as PDI refuses to commit

Construction Partners (ROAD) reachead $42 at the closing of the latest trading day, reflecting a +0.33% change compared to its last close.

Construction Partners (ROAD) Outperforms Broader Market: What You Need to Know

DOTHAN, Ala. , Jan. 16, 2024 /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 2024 first quarter results on February 9, 2024, before the market opens.

Construction Partners, Inc. Announces Schedule for Fiscal 2024 First Quarter Earnings Release and Conference Call

Construction Partners (ROAD) reachead $40.50 at the closing of the latest trading day, reflecting a +0.17% change compared to its last close.

Construction Partners (ROAD) Rises Yet Lags Behind Market: Some Facts Worth Knowing

Construction Partners, Inc. ROAD, or CPI, completed the acquisitions of SJ&L General Contractor, LLC, based in Huntsville, AL, and Littlefield Construction Company, located in Waycross, GA. These strategic acquisitions aim to enhance ROAD's presence in existing growth markets by expanding services and adding crews and equipment to its portfolio.

Construction Partners (ROAD) Expands Base in Alabama & Georgia

CPI Enhances Presence in Existing Growth Markets: Expands Services, Adds Crews & Equipment DOTHAN, Ala. , Jan. 3, 2024 /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 announced that it has acquired SJ&L General Contractor, LLC, a hot-mix asphalt and sitework company headquartered in Huntsville, Alabama, and Littlefield Construction Company, a soil base, surface treatment and sitework company headquartered in Waycross, Georgia.

Construction Partners, Inc. Completes Acquisitions in Alabama and Georgia

Construction Partners (ROAD) closed the most recent trading day at $44.12, moving -0.36% from the previous trading session.

Construction Partners (ROAD) Stock Falls Amid Market Uptick: What Investors Need to Know

Construction Partners is a civil infrastructure company that offers comprehensive solutions in the southeastern United States. I rate shares as "Buy" with a fair value of $53.26/share. In my opinion, the positive factors outweigh the challenges, and I hold a high degree of optimism regarding the management's execution capabilities.

Construction Partners: Building Future Wealth With Robust Growth And Strategic Vision

Construction Partners (ROAD) concluded the recent trading session at $43.32, signifying a +0.02% move from its prior day's close.

Construction Partners (ROAD) Advances While Market Declines: Some Information for Investors

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Construction Partners' (ROAD) fourth-quarter fiscal 2023 results reflect strong public infrastructure demand, stabilized cost environment and the efficient execution of the ROAD-Map 2027 initiative.

Construction Partners (ROAD) Q4 Earnings & Revenues Top, Up Y/Y

Construction Partners, Inc. (NASDAQ:ROAD ) Q4 2023 Results Earnings Conference Call November 29, 2023 10:00 AM ET Company Participants Rick Black - Investor Relations, Dennard Lascar Investor Relations Fred Smith, III - Chief Executive Officer Greg Hoffman - Chief Financial Officer Ned Fleming, III - Executive Chairman of the Board Conference Call Participants Brian Biros - Thompson Research Group Michael Feniger - Bank of America Securities Adam Thalhimer - Thompson Davis & Co. Brian Russo - Sidoti & Company Operator Greetings. Welcome to the Construction Partners, Inc. Fourth Quarter Earnings Conference Call.

Construction Partners, Inc. (ROAD) Q4 2023 Earnings Call Transcript

FY23 Revenue Up 20%, Net Income Up 129%, Adjusted EBITDA Up 57%, Compared to FY22 Q4 Revenue up 21%, Net Income Up 136%, Adjusted EBITDA Up 76% Compared to Q4 FY22 Company Reports Record Backlog of $1.60 Billion DOTHAN, Ala. , Nov. 29, 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 and fiscal year ended September 30, 2023.

Construction Partners, Inc. Announces Fiscal 2023 Fourth Quarter and Year-End Results

Construction Partners' (ROAD) fiscal fourth-quarter 2023 results are likely to benefit from a strong demand trend, accretive buyouts and a stable cost environment.

What's in Store for Construction Partners (ROAD) Q4 Earnings?

In the latest trading session, Construction Partners (ROAD) closed at $42.40, marking a -0.7% move from the previous day.

Construction Partners (ROAD) Stock Dips While Market Gains: Key Facts

DOTHAN, Ala. , Nov. 9, 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 fourth quarter and full year results on November 29, 2023, before the market opens.

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

Construction Partners operates as a consolidator in road construction, focusing on acquisitions of small operators in the industry. The company has been able to grow its revenues significantly with the company's strategy, making the stock intriguing. ROAD stock is quite difficult to value due to the constant acquisitions, but with my current DCF model estimates, I believe the stock is fairly valued.

Construction Partners: Interesting Road Ahead

Adds Three Hot-Mix Asphalt Plants in North and South Carolina DOTHAN, Ala. , Nov. 1, 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 has acquired from Reeves Construction Company three hot-mix asphalts plants and related construction operations in Concord, North Carolina and Rock Hill and McConnells, South Carolina.

Construction Partners, Inc. Completes Charlotte-Rock Hill Area Acquisition

Construction Partners (ROAD) concluded the recent trading session at $38.45, signifying a +0.39% move from its prior day's close.

Construction Partners (ROAD) Rises But Trails Market: What Investors Should Know

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In the most recent trading session, Construction Partners (ROAD) closed at $38.27, indicating a +0.24% shift from the previous trading day.

News for Construction Partners Stock (ROAD)