Construction Partners, Inc. (ROAD)

NASDAQ: ROAD · Real-Time Price · USD
91.31
-1.69 (-1.82%)
At close: Nov 20, 2024, 4:00 PM
88.67
-2.64 (-2.89%)
After-hours: Nov 20, 2024, 6:16 PM EST
-1.82%
Market Cap 4.82B
Revenue (ttm) 1.76B
Net Income (ttm) 70.54M
Shares Out 52.81M
EPS (ttm) 1.34
PE Ratio 68.31
Forward PE 57.72
Dividend n/a
Ex-Dividend Date n/a
Volume 677,577
Open 93.09
Previous Close 93.00
Day's Range 90.91 - 93.72
52-Week Range 39.79 - 97.26
Beta 0.65
Analysts Buy
Price Target 71.50 (-21.7%)
Earnings Date Nov 21, 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 1,146
Stock Exchange NASDAQ
Ticker Symbol ROAD
Full Company Profile

Financial Performance

In 2023, Construction Partners'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 4 analysts, the average rating for ROAD stock is "Buy." The 12-month stock price forecast is $71.5, which is a decrease of -21.70% from the latest price.

Price Target
$71.5
(-21.70% downside)
Analyst Consensus: Buy
Stock Forecasts

News

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

DOTHAN, Ala. , Nov. 14, 2024 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ: ROAD) (the "Company"), a vertically integrated civil infrastructure company specializing in the construction and maint...

6 days ago - PRNewsWire

Construction Partners, Inc. to Participate in the Baird 2024 Global Industrial Conference

DOTHAN, Ala. , Nov. 6, 2024 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ: ROAD) ("CPI" or the "Company"), a vertically integrated civil infrastructure company specializing in the construction a...

14 days ago - PRNewsWire

Construction Partners, Inc. Announces Closing of Lone Star Paving Acquisition

Lone Star Paving Becomes Texas Platform Company Company Raises Fiscal 2025 Outlook to Reflect November Closing DOTHAN, Ala. , Nov. 4, 2024 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ: ROAD) ("...

16 days ago - PRNewsWire

Construction Partners, Inc. Announces Preliminary Fiscal 2024 Financial Results and Introduces Fiscal 2025 Outlook

DOTHAN, Ala. , Oct. 21, 2024 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ: ROAD) ("CPI" or the "Company"), a vertically integrated civil infrastructure company specializing in the construction ...

4 weeks ago - PRNewsWire

Construction Partners, Inc. Enters into Definitive Agreement to Acquire Platform Company in Texas

CPI to Acquire Lone Star Paving in Austin, Texas for $654 Million in Cash and 3 Million Shares Transaction to be Immediately Accretive to Earnings upon Closing Expected in Q1FY25 Transformational Tran...

4 weeks ago - PRNewsWire

Construction Partners, Inc. Completes Alabama Acquisition

Company Expands into Mobile, Alabama DOTHAN, Ala. , Sept. 10, 2024 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ: ROAD) (the "Company"), a vertically integrated civil infrastructure company spec...

2 months ago - PRNewsWire

Construction Partners: On A Road To Robust Growth, Q3 Updated

Construction Partners had a strong momentum in Q3, both revenue and net income beat expectations, raising guidance for FY2024. Solid business model and robust 15%-20% revenue growth with acquisition g...

3 months ago - Seeking Alpha

Construction Partners, Inc. (ROAD) Q3 2024 Earnings Call Transcript

Construction Partners, Inc. (NASDAQ:ROAD) Q3 2024 Earnings Call Transcript August 9, 2024 10:00 AM ET Company Participants Rick Black - IR Jule Smith - CEO Greg Hoffman - CFO Ned Fleming - Executive ...

3 months ago - Seeking Alpha

Construction Partners, Inc. Announces Fiscal 2024 Third Quarter Results

Revenue Up 22.7% Compared to Q3 FY23 Net Income Up 42.4% Compared to Q3 FY23 Adjusted EBITDA Up 30.5% Compared to Q3 FY23 Record Backlog of $1.86 Billion Company Raises FY24 Outlook DOTHAN, Ala. , Aug...

3 months ago - PRNewsWire

Construction Partners, Inc. Completes Georgia Acquisition

Company Expands into Columbus Metro Area DOTHAN, Ala. , Aug. 1, 2024 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ: ROAD) ("CPI" or the "Company"), a vertically integrated civil infrastructure c...

3 months ago - PRNewsWire

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

DOTHAN, Ala. , July 8, 2024 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ: ROAD) (the "Company"), a vertically integrated civil infrastructure company specializing in the construction and mainte...

4 months ago - PRNewsWire

Construction Partners, Inc. Completes North Carolina Acquisition

Company Adds Hot-Mix Asphalt Plant in Sandhills Area DOTHAN, Ala. , June 3, 2024 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ: ROAD) ("CPI" or the "Company"), a vertically integrated civil infr...

6 months ago - PRNewsWire

Construction Partners, Inc. to Participate in the Baird 2024 Global Consumer, Technology & Services Institutional Investors Conference

DOTHAN, Ala. , May 23, 2024 /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. (ROAD) Q2 2024 Earnings Call Transcript

Construction Partners Inc. (NASDAQ:ROAD) Q2 2024 Earnings Call Transcript May 10, 2024 10:00 AM ET Company Participants Rick Black - IR Jule Smith - President, CEO and Director Greg Hoffman - Senior ...

6 months ago - Seeking Alpha

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...

6 months 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...

8 months 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...

8 months 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...

9 months ago - PRNewsWire

Construction Partners Inc. (ROAD) Q1 2024 Earnings Call Transcript

Construction Partners Inc. (ROAD) Q1 2024 Earnings Call Transcript

10 months ago - Seeking Alpha

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...

10 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...

11 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...

11 months ago - PRNewsWire

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

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, ...

11 months ago - Seeking Alpha

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

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 Relation...

1 year ago - Seeking Alpha

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...

1 year ago - PRNewsWire