Construction Partners Inc
NASDAQ:ROAD

  • LAST PRICE
    102.0800
  • TODAY'S CHANGE (%)
    0.9400 (0.9294%)
  • Bid / Lots
    102.0200/ 7
  • Ask / Lots
    102.2000/ 7
  • Open / Previous Close
    101.5300 / 101.1400
  • Day Range
    101.2500
    103.2400
  • 52 Week Range
    39.7900
    103.2400
  • Volume
    97,953

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  • Nov 21, 2024

      Show headlines and story abstract

    • 8:00AM ET on Thursday Nov 21, 2024 by MT Newswires
      Companies Mentioned: ROAD
      08:00 AM EST, 11/21/2024 (MT Newswires) -- Construction Partners (ROAD) reported fiscal Q4 earnings Thursday of $0.56 per diluted share, down from $0.59 a year earlier. Analysts polled by FactSet expected $0.57. Revenue for the quarter ended Sept. 3...

    • 7:54AM ET on Thursday Nov 21, 2024 by Dow Jones
      Companies Mentioned: ROAD

      By Denny Jacob

      Construction Partners saw revenue surge in its latest quarter and came in slightly ahead of Wall Street's forecast.

      The civil infrastructure company recorded net income of $29.3 million, or 56 cents a share, for the fourth quarter ended Sept. 30, edging down from $30.9 million, or 59 cents a share, a year earlier. Analysts polled by FactSet expected 57 cents a share.

    • 7:33AM ET on Thursday Nov 21, 2024 by MT Newswires
      Companies Mentioned: ROAD
      07:33 AM EST, 11/21/2024 (MT Newswires) -- ...

    • 7:30AM ET on Thursday Nov 21, 2024 by Dow Jones
      Companies Mentioned: ROAD

    • 7:30AM ET on Thursday Nov 21, 2024 by Dow Jones
      Companies Mentioned: ROAD
      views the management fees and expenses paid under the management services agreement as a non-recurring expense. Accordingly, periods commencing subsequent to September 30, 2023 do not include an adjustment for management fees and expenses, and the Company has recast comparative Adjusted EBITDA and Adjusted EBITDA Margin for the quarter and fiscal year ended September 30, 2023 to conform to the current definition. Construction Partners, Inc. Net Income to Adjusted EBITDA Reconciliation Three Months Ended September 30, 2024 and 2023 (in thousands, except percentages) For the Three Months Ended September 30, -------------------------------- 2024 2023 (2) --------------- --------------- Net income $ 29,308 $ 30,913 Interest expense, net 6,084 3,545 Provision for income taxes 10,256 10,250 Depreciation, depletion, accretion and amortization 25,452 21,331 Share-based compensation expense 4,445 2,850 Acquisition expenses(1) 1,455 -- --------------- --------------- Adjusted EBITDA $ 77,000 $ 68,889 =============== =============== Revenues $ 538,163 $ 475,026 Adjusted EBITDA Margin 14.3 % 14.5 % ------------------------------------------ --------------- --------------- (1) Reflects expenses associated with the acquisition of Lone Star Paving, which management views as a non-routine acquisition. (2) In periods commencing prior to September 30, 2023, the Company historically included within the definition of Adjusted EBITDA an adjustment for management fees and expenses related to the Company's management services agreement with an affiliate of SunTx Capital Partners, a member of the Company's control group. Effective October 1, 2023, the term of the management services agreement was extended to October 1, 2028. As a result of the term extension, the Company no longer views the management fees and expenses paid under the management services agreement as a non-recurring expense. Accordingly, periods commencing subsequent to September 30, 2023 do not include an adjustment for management fees and expenses, and the Company has recast comparative Adjusted EBITDA and Adjusted EBITDA Margin for the quarter and fiscal year ended September 30, 2023 to conform to the current definition. Construction Partners, Inc. Net Income to Adjusted EBITDA Reconciliation Fiscal Year 2025 Outlook (unaudited, in thousands, except percentages) For the Fiscal Year Ending September 30, 2025 Low High -------------- ------------- Net income $ 97,000 $ 113,000 Interest expense, net 64,072 62,715 Provision for income taxes 32,471 38,432 Depreciation, depletion, accretion and amortization 128,957 138,353 Share-based compensation expense 21,500 21,500 Acquisition expenses 3,000 3,000 -------------- ------------- Adjusted EBITDA $ 347,000 $ 377,000 ============== ============= Revenues $ 2,480,000 $ 2,580,000 Adjusted EBITDA Margin 14.0 % 14.6 % --------------------------------------------- -------------- -------------

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