Construction Partners, Inc. (ROAD)

NASDAQ: ROAD · IEX Real-Time Price · USD
55.44
+0.64 (1.17%)
At close: May 17, 2024, 4:00 PM
55.11
-0.33 (-0.60%)
After-hours: May 17, 2024, 7:46 PM EDT
1.17%
Market Cap 2.93B
Revenue (ttm) 1.66B
Net Income (ttm) 61.31M
Shares Out 52.83M
EPS (ttm) 1.17
PE Ratio 47.38
Forward PE 37.36
Dividend n/a
Ex-Dividend Date n/a
Volume 352,745
Open 55.19
Previous Close 54.80
Day's Range 54.75 - 56.18
52-Week Range 27.33 - 58.65
Beta 0.68
Analysts Strong Buy
Price Target 55.33 (-0.2%)
Earnings Date May 10, 2024

About ROAD

Construction Partners, Inc., a civil infrastructure company, constructs and maintains roadways in Alabama, Florida, Georgia, North Carolina, South Carolina, and Tennessee. The company provides various products and services to public and private infrastructure projects, such as highways, roads, bridges, airports, and commercial and residential developments. It also engages in manufacturing and distributing hot mix asphalt (HMA) for internal use and sales to third parties in connection with construction projects; and paving activities, including ... [Read more]

Sector Industrials
IPO Date May 4, 2018
Employees 4,014
Stock Exchange NASDAQ
Ticker Symbol ROAD
Full Company Profile

Financial Performance

In 2023, ROAD's revenue was $1.56 billion, an increase of 20.12% compared to the previous year's $1.30 billion. Earnings were $49.00 million, an increase of 129.23%.

Financial Statements

Analyst Forecast

According to 3 analysts, the average rating for ROAD stock is "Strong Buy." The 12-month stock price forecast is $55.33, which is a decrease of -0.20% from the latest price.

Price Target
$55.33
(-0.20% downside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Construction Partners, Inc. Announces Fiscal 2024 Second Quarter Results

Q2 Revenue Up 14% Compared to Q2 FY23 Q2 Adjusted EBITDA Up 45% Compared to Q2 FY23 Record Backlog of $1.79 Billion Company Raises FY24 Outlook DOTHAN, Ala. , May 10, 2024 /PRNewswire/ -- Construction...

8 days ago - PRNewsWire

Construction Partners, Inc. Completes Georgia Acquisition

Company Expands into North Georgia Along High-Growth Interstate 85 Corridor DOTHAN, Ala. , May 1, 2024 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ: ROAD) ("CPI" or the "Company"), a vertically...

17 days ago - PRNewsWire

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

DOTHAN, Ala. , April 9, 2024 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ: ROAD) (the "Company"), a vertically integrated civil infrastructure company specializing in the construction and maint...

5 weeks ago - PRNewsWire

Wiregrass Construction Company, Inc. Announces Planned Management Transition

Brandon Owens Succeeds John Harper as President John Harper Named as Senior Vice President of Strategic Initiatives at Construction Partners, Inc. DOTHAN, Ala. , March 25, 2024 /PRNewswire/ -- Wiregra...

7 weeks ago - PRNewsWire

Construction Partners, Inc. to Participate in the Raymond James Institutional Investors Conference

DOTHAN, Ala. , Feb. 27, 2024  /PRNewswire/ -- Construction Partners, Inc. (NASDAQ: ROAD) (the "Company"), a vertically integrated civil infrastructure company specializing in the construction and main...

2 months ago - PRNewsWire

Construction Partners, Inc. Announces Fiscal 2024 First Quarter Results

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 B...

3 months ago - PRNewsWire

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

DOTHAN, Ala. , Jan. 16, 2024 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ: ROAD) (the "Company"), a vertically integrated civil infrastructure company specializing in the construction and maint...

4 months ago - PRNewsWire

Construction Partners, Inc. Completes Acquisitions in Alabama and 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...

4 months ago - PRNewsWire

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

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...

6 months ago - PRNewsWire

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

DOTHAN, Ala. , Nov. 9, 2023 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ: ROAD) (the "Company"), a vertically integrated civil infrastructure company specializing in the construction and mainte...

6 months ago - PRNewsWire

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

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 infr...

7 months ago - PRNewsWire

Construction Partners, Inc. Announces Preliminary Fiscal 2023 Financial Results

Company Introduces Fiscal 2024 Outlook Hosts Analyst Day in New York City DOTHAN, Ala. , Oct. 4, 2023 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ: ROAD) ("CPI" or the "Company"), a vertically ...

8 months ago - PRNewsWire

Construction Partners, Inc. Completes South Carolina Acquisition

Company Expands Operations in Upstate Area DOTHAN, Ala. , Oct. 2, 2023 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ: ROAD) ("CPI" or the "Company"), a vertically integrated civil infrastructure...

8 months ago - PRNewsWire

Construction Partners, Inc. to Host Analyst Day

DOTHAN, Ala. , Sept. 5, 2023 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ: ROAD) ("CPI" or the "Company"), a vertically integrated civil infrastructure company specializing in the construction ...

9 months ago - PRNewsWire

Construction Partners, Inc. Announces Fiscal 2023 Third Quarter Results

Record Quarterly Revenue Up 11%, Net Income Up 78%, & Adjusted EBITDA Up 50% Compared to Q3 FY2022 Company Updates FY2023 Outlook - Narrows Revenue Range and Raises Net Income & Adjusted EBITDA Ranges...

10 months ago - PRNewsWire

Construction Partners, Inc. Completes South Carolina Acquisition and Launches New Greenfield Market in Georgia

DOTHAN, Ala. , Aug. 1, 2023 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ: ROAD) ("CPI" or the "Company"), a vertically integrated civil infrastructure company specializing in the construction a...

10 months ago - PRNewsWire

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

DOTHAN, Ala. , July 13, 2023 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ: ROAD) (the "Company"), a vertically integrated civil infrastructure company specializing in the construction and maint...

11 months ago - PRNewsWire

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

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. (NASD...

1 year ago - PRNewsWire

Construction Partners, Inc. Announces Fiscal 2023 Second Quarter Results

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" o...

1 year ago - PRNewsWire

Construction Partners, Inc. Completes Alabama Acquisition

Transaction Enhances Company's Presence in Huntsville Market DOTHAN, Ala. , May 1, 2023 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ: ROAD) ("CPI" or the "Company"), a vertically integrated civ...

1 year ago - PRNewsWire

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

Construction Partners, Inc. (NASDAQ: ROAD) (the "Company"), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways across six southeastern st...

1 year ago - PRNewsWire

Construction Partners, Inc. Announces Planned Management Transition

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")...

1 year ago - PRNewsWire

Construction Partners, Inc. Announces Fiscal 2023 First Quarter Results

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: ...

1 year ago - PRNewsWire

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

DOTHAN, Ala. , Jan. 13, 2023 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ: ROAD) (the "Company"), a vertically integrated civil infrastructure company specializing in the construction and maint...

1 year ago - PRNewsWire

Construction Partners, Inc. Completes North Carolina Acquisition

Adds Platform Company for Western North Carolina Enters Charlotte Metro Area DOTHAN, Ala. , Dec. 2, 2022 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ: ROAD) ("CPI" or the "Company"), a vertical...

1 year ago - PRNewsWire