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, 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.
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