STOCK TITAN

Construction Partners, Inc. - $ROAD STOCK NEWS

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

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.

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
-
Rhea-AI Summary
Construction Partners, Inc. expands operations by acquiring Hubbard Paving & Grading, Inc. in South Carolina, adding one asphalt plant and expanding its service market in the Upstate region.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.05%
Tags
-
Rhea-AI Summary
Construction Partners, Inc. (NASDAQ: ROAD) will host an in-person Analyst Day on October 4, 2023, to discuss strategic initiatives, growth priorities, achievements, and business outlook. The event will be held in New York City and will include presentations and a Q&A session.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.67%
Tags
conferences
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.38%
Tags
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.38%
Tags
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.38%
Tags
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.42%
Tags
conferences
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
14.37%
Tags
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.31%
Tags
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.21%
Tags
Construction Partners, Inc.

Nasdaq:ROAD

ROAD Rankings

ROAD Stock Data

2.72B
42.07M
2.05%
100.5%
4.16%
Highway, Street, and Bridge Construction
Construction
Link
United States of America
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