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. (NASDAQ: ROAD) is a vertically integrated civil infrastructure company that focuses on the construction, repair and maintenance of surface infrastructure in local markets across the Sunbelt. News about Construction Partners, Inc. often centers on its roadway, highway, bridge and airport runway projects, as well as corporate developments that affect its operations in Alabama, Florida, Georgia, North Carolina, Oklahoma, South Carolina, Tennessee and Texas.
Investors and industry followers can use the ROAD news feed to monitor company announcements about quarterly and annual financial results, preliminary financial information, and outlook ranges for upcoming fiscal years. The company regularly issues press releases about its earnings release schedule and related conference calls, providing details on how to access webcasts and telephonic replays.
Another key category of news for Construction Partners, Inc. involves acquisitions and expansion of its footprint. The company has reported transactions such as acquiring hot-mix asphalt plants, construction operations and related crews in the Houston, Texas metro area and acquiring P&S Paving, Inc. in Florida. These releases describe how new plants, crews and equipment are integrated into existing platform companies and how they extend the company’s reach in high-growth Sunbelt markets.
Readers can also expect updates on analyst events, such as the company’s Analyst Day and facility tours, where senior leadership discusses strategic initiatives, growth priorities and business outlook. For anyone tracking ROAD stock or the highway, street and bridge construction industry in the Sunbelt, this news page provides a centralized view of Construction Partners, Inc.’s public communications and operational milestones.
Construction Partners, Inc. (NASDAQ: ROAD) will release its fiscal 2021 fourth quarter and full-year earnings on November 23, 2021, before the market opens. A conference call is scheduled for the same day at 9:00 a.m. Central Time to discuss the results. Participants can join via phone or webcast, with dial-in details provided. The company focuses on civil infrastructure, operating across five southeastern states, and has multiple facilities for asphalt and aggregate production.
Construction Partners, Inc. (NASDAQ: ROAD) announced its acquisition of J. Miller Construction Inc., a Pensacola-based grading and sitework contractor, enhancing its construction services in the Florida Panhandle. This strategic acquisition aims to strengthen the company's market presence and operational capabilities in the rapidly growing area, following its initial entry into Pensacola earlier in 2021. The move adds a skilled workforce to its team and is expected to support the company's ongoing projects across state roadways and private sector developments.
Construction Partners, Inc. (NASDAQ: ROAD) announced the acquisition of King Asphalt, Inc., a full-service hot-mix asphalt and paving company based in Liberty, South Carolina. King operates three asphalt plants in the Greenville metro area and serves various public, commercial, and residential projects. The acquisition aims to enhance Construction Partners' operations in South Carolina's rapidly growing Upstate region, providing a strategic platform for future expansion. The company operates 56 asphalt plants and focuses primarily on public sector projects, including roadways and airport runways.
Construction Partners, Inc. (NASDAQ: ROAD) announced the acquisition of C.K. Earnhardt & Son in Albemarle, North Carolina, enhancing its operations in the greater Charlotte area. This acquisition adds a hot-mix asphalt plant, personnel, and equipment, positioning the Company for growth in a region with favorable demographic trends and strong infrastructure funding. The Company operates across five southeastern states, focusing on public and private sector projects including roadways and residential developments.
Construction Partners, Inc. (NASDAQ: ROAD) reported a strong fiscal quarter ending June 30, 2021, with revenues of $261.7 million, a 20.6% increase year-over-year. Despite achieving record project backlog of $823 million, net income dropped to $9.3 million from $15.8 million due to rising administrative costs and supply chain disruptions. Adjusted EBITDA also fell to $29.0 million. The company revised its fiscal 2021 outlook, projecting revenue between $940 million and $960 million, a decrease from previous estimates. Investments in people and technology aim to support future growth amidst current challenges.
Construction Partners, Inc. (NASDAQ: ROAD) announced the acquisition of Good Hope Contracting Co., Inc. and related entities, strengthening its operations in Alabama. The deal adds four hot-mix asphalt plants, four aggregate facilities, and a fleet of trucks and equipment. Additionally, the company acquired Daurity Springs Quarry in North Carolina, enhancing its vertical integration strategy. This expansion is expected to improve market share, project execution, and sourcing capabilities. The acquisitions will contribute to growth in both Alabama and North Carolina, welcoming over 180 new employees.
Construction Partners, Inc. (NASDAQ: ROAD) will release its fiscal 2021 third-quarter results on August 6, 2021, before market opening. A conference call is scheduled for 9:00 a.m. Central Time to discuss the results. The Company operates across five southeastern states with a focus on public infrastructure projects, including local roadways and airport runways. Key offerings include a network of 48 hot-mix asphalt plants and nine aggregate facilities.
Construction Partners, Inc. (NASDAQ: ROAD) announced the acquisition of PLT Construction Company, enhancing its vertical integration in North Carolina's construction market. This acquisition adds experienced construction personnel and equipment, aiming to drive organic growth in the region. CEO Fred J. Smith highlighted the partnership's legacy of quality work and the opportunity to serve new markets effectively.
The company operates in five southeastern states, focusing on public infrastructure projects.
Construction Partners, Inc. (NASDAQ: ROAD), a leader in civil infrastructure, will participate in three virtual investor conferences in June 2021. The management team will present at the Stifel 2021 Cross Sector Insight Conference on June 8, followed by the UBS Global Industrials and Transportation Conference and the Baird 2021 Global Consumer, Technology & Services Conference on June 9 and June 10.
Construction Partners operates 48 asphalt plants and focuses on public projects, including roadways and bridges, as well as private sector work.
Construction Partners, Inc. (NASDAQ: ROAD) reported a 6.2% increase in revenue for Q2 2021, totaling $179.1 million. Despite adverse weather causing project delays, the company maintains a record project backlog of $773.3 million. Gross profit decreased by 10.4% to $18.1 million, while general and administrative expenses rose to $24.5 million, impacted by a nonrecurring $3.2 million legal settlement. The company experienced a net loss of $4.9 million, compared to net income of $1.5 million in Q2 2020. The leadership remains optimistic about growth opportunities in the southeastern U.S.