Welcome to our dedicated page for Constr Partners news (Ticker: ROAD), a resource for investors and traders seeking the latest updates and insights on Constr Partners stock.
Construction Partners, Inc. (ROAD) delivers essential infrastructure solutions across the southeastern U.S., specializing in roadway construction and maintenance. This news hub provides investors and industry professionals with timely updates on the company’s operational milestones, strategic initiatives, and market positioning.
Access official press releases covering project awards, financial results, and material developments. Our curated collection includes updates on asphalt manufacturing operations, public-private partnerships, and regional expansion efforts – all critical for understanding ROAD’s role in shaping transportation networks.
Discover updates across key categories including infrastructure project completions, regulatory compliance achievements, and technological advancements in paving techniques. The content reflects ROAD’s vertically integrated business model and commitment to quality across its construction services and material production divisions.
Bookmark this page for streamlined access to Construction Partners’ latest developments. Check regularly for updates that matter to stakeholders in the civil engineering and public works sectors.
Construction Partners, a civil infrastructure firm (NASDAQ: ROAD), will release its fiscal Q3 2024 results on August 9, 2024, before market open. The company will host a conference call at 10:00 AM ET to discuss these results. Participants can join by phone or webcast, with replay options available until August 16, 2024. The call details and webcast can be accessed via the company's Investor Relations website.
Construction Partners (NASDAQ: ROAD) has acquired Hudson Paving, expanding its operations in the Sandhills region of North Carolina. The acquisition includes a hot-mix asphalt plant and associated crews and equipment, enhancing CPI's service capabilities in the Pinehurst and Southern Pines areas. Fred J. Smith, III, CEO of CPI, highlighted the strategic fit of this bolt-on acquisition for their North Carolina platform company, Fred Smith Company. The integration aims to capitalize on the region's rapid growth and aligns culturally with CPI's values, welcoming new employees into the fold.
Construction Partners (NASDAQ: ROAD) will participate in the Baird 2024 Global Consumer, Technology & Services Institutional Investors Conference on June 5, 2024. The management team is set to meet with investors and will host a 'Fire Side Chat' at 3:10 p.m. Eastern Time, which will be broadcast live online via their website. This event aims to engage investors and provide insights into the company's operations and future plans.
Construction Partners, Inc. (NASDAQ: ROAD) reported a strong Q2 FY24 with a 14% revenue increase, 45% rise in Adjusted EBITDA, and a record backlog of $1.79 billion. The company raised its FY24 outlook, citing ongoing demand for infrastructure projects. Revenues grew to $371.4 million, gross profit increased by 48%, and net loss decreased. General and administrative expenses remained stable. Adjusted EBITDA was $29.5 million. Project backlog increased to $1.79 billion. The company is confident in its growth trajectory and aims to enhance shareholder value.
Construction Partners, Inc. (NASDAQ: ROAD) has acquired the asphalt manufacturing and construction operations of Sunbelt Asphalt Surfaces, Inc., expanding into North Georgia along the high-growth Interstate 85 corridor. The acquisition includes an active hot-mix asphalt plant in Auburn, Georgia, and a greenfield hot-mix asphalt plant in Commerce, Georgia. This strategic move aligns with CPI's focus on the Interstate 85 corridor due to economic growth and funding programs.
FAQ
What is the current stock price of Constr Partners (ROAD)?
What is the market cap of Constr Partners (ROAD)?
