Construction Partners Earnings Call Transcripts
Fiscal Year 2026
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A leading Sun Belt road construction group leverages vertical integration, local market focus, and advanced AI-driven bidding to drive growth. With robust public funding and a strong M&A pipeline, it targets $6B+ revenue and 17% EBITDA margins by 2030.
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First quarter revenue rose 44% year-over-year, with adjusted EBITDA up 63% and a record margin. Strong demand and successful acquisitions led to a raised fiscal 2026 outlook, with robust project backlog and continued focus on organic and acquisitive growth.
Fiscal Year 2025
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Fiscal 2025 saw 54% revenue and 92% EBITDA growth, driven by major acquisitions and organic expansion, with a record $3B backlog. Guidance for 2026 targets 23% revenue growth, margin expansion, and continued bolt-on M&A, supported by strong Sunbelt demand and stable costs.
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Road 2030 targets doubling revenue to $6B and EBITDA to $1B by 2030 through organic growth, acquisitions, and greenfield investments, focusing on high-growth Sun Belt markets. The plan emphasizes operational innovation, vertical integration, and a strong culture, with margin expansion and robust cash flow supporting ongoing consolidation in a fragmented industry.
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Q3 FY2025 saw record revenue and margin growth, driven by strong execution, robust public and private demand, and strategic acquisitions like Durwood Greene. Guidance for FY2025 is maintained, with a record backlog and continued focus on organic and acquisitive growth.
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Q2 revenue rose 54% year-over-year, driven by strong organic and acquisitive growth, with record adjusted EBITDA margin and a robust $2.84 billion backlog. FY2025 guidance was raised across all metrics, supported by healthy Sunbelt markets, strategic acquisitions, and strong cash flow.
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A vertically integrated contractor with a strong Sun Belt presence leverages local market expertise, vertical integration, and a balanced public-private revenue mix to drive organic and acquisitive growth. Margin expansion, disciplined bidding, and a focus on culture underpin a 15-20% annual growth target.
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Record Q1 revenue and backlog driven by strong demand, strategic acquisitions, and improved margins. FY 2025 guidance raised, with robust public and private sector activity, healthy funding, and continued focus on integration and organic growth.
Fiscal Year 2024
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Record fiscal 2024 results with 17% revenue and 41% net income growth, driven by organic expansion and eight acquisitions, including the transformative Lone Star Paving deal. Fiscal 2025 guidance projects continued strong growth, margin expansion, and robust cash flow.
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Expanded into Texas with the Lone Star Paving acquisition, boosting revenue and margins. Roadmap 2027 targets are ahead of schedule, with 2025 guidance reflecting strong growth and improved profitability. Vertical integration and market consolidation remain key strategies.
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Acquisition of Lone Star Paving provides immediate entry into high-growth Texas markets, accelerates margin and revenue targets, and is expected to be immediately accretive. The deal, valued at $654 million plus 3 million shares, leverages Lone Star's strong management and vertical integration for scalable growth.
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Delivered record Q3 results with 23% revenue and 31% adjusted EBITDA growth year-over-year, driven by strong public and private demand, strategic acquisitions, and disciplined capital allocation. Backlog reached $1.86 billion, supporting a raised fiscal 2024 outlook.
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A leading southeastern U.S. infrastructure contractor targets 15%-20% annual growth through a mix of organic expansion and acquisitions, supported by strong state and federal funding. Margin improvement is driven by vertical integration and disciplined SG&A, with robust cash flow management and high project visibility.