Construction Partners, Inc. reports news on its vertically integrated civil infrastructure business, which constructs, repairs and maintains roadways and other surface infrastructure in Sunbelt markets. The company operates through local platforms in Alabama, Florida, Georgia, North Carolina, Oklahoma, South Carolina, Tennessee and Texas, supported by hot-mix asphalt plants, aggregate facilities and liquid asphalt terminals.
Recurring updates include quarterly and annual results, backlog, fiscal outlook, investor conference participation and acquisitions that expand paving, asphalt and sitework capacity in regional markets. Company announcements also describe public-sector work for local and state roads, interstate highways, airport runways and bridges, as well as private paving and sitework for commercial, industrial and residential developments.
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Construction Partners, Inc. (NASDAQ: ROAD) is set to release its fiscal 2023 second quarter results on May 5, 2023, before market opening. The company will hold a conference call at 9:00 a.m. Central Time to discuss these results. Attendees can join via phone or webcast, with access details provided in the announcement. Operating primarily in six southeastern states, Construction Partners focuses on public and private sector infrastructure projects, including roadways, airport runways, and bridges. The company benefits from its integrated operations, which include hot-mix asphalt plants and aggregate facilities.
For more information, visit their Investor Relations website.
Construction Partners, Inc. (NASDAQ: ROAD) announced the acquisition of Pickens Construction, Inc., based in Anderson, South Carolina, on April 3, 2023. This acquisition includes a hot-mix asphalt plant and approximately 20 employees, enhancing CPI's operational footprint in the greater Greenville area.
President & CEO Fred J. Smith, III, highlighted that this move strengthens their presence along the I-85 corridor between Greenville and Atlanta, positioning the company to better serve both public and private clients and pursue future growth opportunities.
Construction Partners, Inc. (NASDAQ: ROAD) has announced that Greg Hoffman will succeed Alan Palmer as Chief Financial Officer effective March 31, 2023. This transition is part of the company’s management succession plan, with Palmer remaining in an advisory role. Hoffman, who has 20 years of industry experience, previously served as Senior VP of Finance and CFO of Wiregrass Construction. The company expresses confidence in Hoffman's leadership, emphasizing his relevant expertise to continue its strategic growth as a consolidator in the civil infrastructure sector.
The management change highlights the emphasis on leadership continuity and the development of financial talent within the organization.