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Construction Partners Inc - ROAD STOCK NEWS

Welcome to our dedicated news page for Construction Partners (Ticker: ROAD), a resource for investors and traders seeking the latest updates and insights on Construction Partners.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Construction Partners's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Construction Partners's position in the market.

News
Construction Partners, Inc. Announces Schedule for Fiscal 2024 Second Quarter Earnings Release and Conference Call
Rhea-AI Summary
Construction Partners, Inc. (NASDAQ: ROAD) announces the release of its fiscal 2024 second quarter results on May 10, 2024, along with a scheduled conference call for discussion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.28%
Tags
earnings
-
News
Wiregrass Construction Company, Inc. Announces Planned Management Transition
Rhea-AI Summary
Wiregrass Construction Company, Inc. announces Brandon Owens as the new President, succeeding John Harper. John Harper is named Senior Vice President of Strategic Initiatives at Construction Partners, Inc. Brandon's promotion and John's new role are part of a planned management transition.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.68%
Tags
management
-
News
Construction Partners, Inc. to Participate in the Raymond James Institutional Investors Conference
Rhea-AI Summary
Construction Partners, Inc. (NASDAQ: ROAD) management team will meet with investors at the Raymond James Institutional Investors Conference on March 4 and 5, 2024. A 'Fire Side Chat' discussion will be broadcast live on March 5th, accessible via the Company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.95%
Tags
conferences
News
Construction Partners, Inc. Announces Fiscal 2024 First Quarter Results
Rhea-AI Summary
Construction Partners, Inc. (NASDAQ: ROAD) reports a strong fiscal first quarter with a 16% revenue increase, $9.8M net income, and $0.19 EPS compared to $1.9M and $0.04 in Q1 FY23. Adjusted EBITDA is up 50% to $40.9M. The company boasts a record backlog of $1.62 billion, driven by robust demand, state funding programs, and the Infrastructure Investment and Jobs Act.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.03%
Tags
earnings
-
News
Construction Partners, Inc. Announces Schedule for Fiscal 2024 First Quarter Earnings Release and Conference Call
Rhea-AI Summary
Construction Partners, Inc. (NASDAQ: ROAD) will release its fiscal 2024 first quarter results on February 9, 2024, and hold a conference call to discuss the results. The company specializes in the construction and maintenance of roadways across six southeastern states.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.12%
Tags
earnings
-
News
Construction Partners, Inc. Completes Acquisitions in Alabama and Georgia
Rhea-AI Summary
Construction Partners, Inc. (NASDAQ: ROAD) has acquired SJ&L General Contractor, LLC and Littlefield Construction Company, expanding its services and adding crews & equipment in existing growth markets. The acquisitions aim to enhance service capabilities and offer turnkey services in the greater Huntsville metro area and the Waycross market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.63%
Tags
acquisition
News
Construction Partners, Inc. Announces Fiscal 2023 Fourth Quarter and Year-End Results
Rhea-AI Summary
Construction Partners, Inc. (NASDAQ: ROAD) reported a strong fiscal year 2023, with a 20% increase in revenue, 129% increase in net income, and 57% increase in Adjusted EBITDA compared to FY22. The company also announced a record backlog of $1.60 billion, reflecting a positive outlook for fiscal 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.26%
Tags
earnings
-
News
Construction Partners, Inc. Announces Schedule for Fiscal 2023 Fourth Quarter and Full Year Earnings Release and Conference Call
Rhea-AI Summary
Construction Partners, Inc. (NASDAQ: ROAD) announced the release of its fiscal 2023 fourth quarter and full year results on November 29, 2023, along with a scheduled conference call at 9:00 a.m. Central Time. The conference call may be accessed by phone or webcast, and a replay will be available through December 6, 2023. Investors can connect to the webcast via the 'Events & Presentations' page of the Company's Investor Relations website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.13%
Tags
earnings
-
News
Construction Partners, Inc. Completes Charlotte-Rock Hill Area Acquisition
Rhea-AI Summary
Construction Partners, Inc. (NASDAQ: ROAD) has acquired three hot-mix asphalt plants and related construction operations in Concord, North Carolina, and Rock Hill and McConnells, South Carolina. The acquisition strengthens the company's presence in the Charlotte market and the Upstate region of South Carolina. Construction Partners is well-positioned to meet the growing demand for infrastructure services in these markets.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.28%
Tags
acquisition
News
Construction Partners, Inc. Announces Preliminary Fiscal 2023 Financial Results
Rhea-AI Summary
Construction Partners, Inc. announces preliminary financial results for fiscal year 2023 and introduces fiscal year 2024 outlook. Revenue for FY 2023 expected to be $1.547 billion to $1.557 billion, compared to $1.30 billion in FY 2022. Net income expected to be $44.8 million to $47.0 million, compared to $21.4 million in FY 2022. Adjusted EBITDA expected to be $168.0 million to $172.0 million, compared to $111.2 million in FY 2022. Cash flow from operations expected to be $155.0 million to $160.0 million, compared to $16.5 million in FY 2022. Cash at year-end 2023 expected to be approximately $55 million, compared to $35.5 million at year-end 2022. Net Debt to Adjusted EBITDA at year-end 2023 expected to be 1.87x to 1.92x, compared to 3.06x at year-end 2022. FY 2024 outlook: Revenue $1.750 billion to $1.825 billion, Net income $63 million to $70 million, Adjusted EBITDA $197 million to $219 million, Adjusted EBITDA Margin 11.3% to 12.0%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.07%
Tags
earnings
Stock ROAD logo
Construction Partners Inc

Nasdaq:ROAD

ROAD Rankings

#1647 Ranked by Market Cap
#917 Ranked by Stock Gains
N/A Ranked by Dividends

ROAD Stock Data

2.94B
42.07M
2.05%
100.5%
4.16%
Highway, Street, and Bridge Construction
Construction
Link
US
Dothan

About ROAD

construction partners, inc., a civil infrastructure company, engages in the construction and maintenance of roadways across alabama, florida, georgia, north carolina, and south carolina. the company, through its subsidiaries, provides various products and services to public and private infrastructure projects, with a focus on 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; paving activities, including the construction of roadway base layers and application of asphalt pavement; site development, including the installation of utility and drainage systems; mining aggregates, such as sand and gravel that are used as raw materials in the production of hma; and distributing liquid asphalt cement for internal use and sales to third parties in connection with hma production. the company was formerly known