Constr Partners Stock Price, News & Analysis

Construction Partners, Inc. (NASDAQ: ROAD) has launched operations at a new hot-mix asphalt plant in Benson, North Carolina, aimed at enhancing its presence in adjacent markets. This strategic expansion targets the growing suburbs of Johnston and Harnett County in the Raleigh-Durham area, contributing to the company's long-term growth objectives. The company emphasizes that such greenfield initiatives are vital for organic growth and shareholder value, while continuing to explore further investment opportunities in the Southeast market.

Construction Partners, Inc. (NASDAQ: ROAD) will participate in the Raymond James 2022 Diversified Industrials Conference on August 23, 2022. This company operates in civil infrastructure, focusing on roadway construction and maintenance across five southeastern states, with significant public sector projects. It has 59 hot-mix asphalt plants and other facilities supporting its operations. The management team aims to engage with investors during this conference.

Construction Partners, Inc. (NASDAQ: ROAD) reported strong Q3 results for FY2022, with revenues of $380.3 million, a 45% increase year-over-year. Net income rose 30% to $12.2 million, while Adjusted EBITDA also increased by 30% to $37.6 million. The company achieved a record project backlog of $1.33 billion, up from $822.9 million last year. CPI raised its full-year revenue outlook to $1.25-$1.28 billion, citing robust demand and inflationary pressures. CEO Fred Smith highlighted the resilience of the business model amid supply chain challenges and workforce growth.

Construction Partners, Inc. (NASDAQ: ROAD) announced its acquisition of Southern Asphalt, Inc. on August 1, 2022, expanding its operations into the Myrtle Beach metro area of South Carolina. This acquisition adds two hot-mix asphalt plants and over 200 employees, positioning the company in one of the fastest-growing markets in the U.S. CEO Fred J. (Jule) Smith, III emphasized the opportunity to bid on a diverse mix of public and commercial projects. The company continues to operate across five southeastern states, focusing primarily on publicly funded projects.

Construction Partners, Inc. (NASDAQ: ROAD) will release its fiscal 2022 third quarter results on August 5, 2022, before market opening. A conference call to discuss the results is scheduled for 9:00 a.m. Central Time on the same day, accessible by phone at (412) 902-0003 or via webcast on the Company's Investor Relations website. The company operates across five southeastern states with 57 hot-mix asphalt plants and focuses on public projects, including roadways and bridges. For more details, visit their website.

Construction Partners, Inc. (NASDAQ: ROAD) announced its participation in two investor conferences in June 2022: Baird's Global Consumer, Technology & Services Conference on June 6-7 and Stifel's Cross Sector Insight Investor Conference on June 8. A live broadcast of the company's 'Fire Side Chat' will occur on June 6 at 2:35 PM ET, accessible via their website. Construction Partners operates 57 hot-mix asphalt plants and focuses on public projects, including local roadways, highways, and airport runways. For more information, visit www.constructionpartners.net.

Construction Partners, Inc. (NASDAQ: ROAD) reported a 36% revenue increase in Q2 2022, totaling $243.4 million, driven by both organic (19%) and acquisitive (17%) growth. The firm’s project backlog reached a record $1.28 billion, with improving backlog margins expected to yield higher future profits. However, the company faced a net loss of $9.4 million due to inflationary pressures from rising energy costs. The full-year revenue outlook is projected between $1.15 billion and $1.20 billion, anticipating ongoing demands from infrastructure projects.

Construction Partners, Inc. (NASDAQ: ROAD), a civil infrastructure company, will release its fiscal 2022 second quarter results on May 6, 2022, before market open. A conference call is scheduled for the same day at 9:00 a.m. Central Time to discuss the results. The company operates in five southeastern states, focusing on public projects such as roads and bridges, alongside private sector work. With 57 hot-mix asphalt plants and 14 aggregate facilities, Construction Partners emphasizes a vertically integrated approach to infrastructure construction.

Construction Partners, Inc. (NASDAQ: ROAD) has acquired the operational assets of GAC Contractors, Inc., including a hot-mix asphalt plant in Panama City, Florida. This marks the third acquisition in the Florida panhandle within two years, reinforcing the company's commitment to the region. The acquisition enhances operational resources and capabilities, with over 200 former GAC employees joining the team, which is critical for attracting talent. The company operates across five southeastern states and relies heavily on publicly funded projects.