Construction Partners, Inc. (NASDAQ: ROAD) reported Q4 EPS of $0.29, $0.01 worse than the analyst estimate of $0.30. Revenue for the quarter came in at $215.7 million versus the consensus estimate of $215.2 million.

Charles E. Owens, the Company’s President and Chief Executive Officer, stated, “We are extremely pleased to have met our outlook expectations for the fiscal year and achieved record annual revenue, net income and adjusted EBITDA results. During fiscal year 2018, we added approximately $51 million in revenue attributable to acquisitions and greenfield expansions that, combined with organic growth, led to 20% revenue growth on a consolidated basis in fiscal year 2018.

“In 2019, we will continue to execute on our proven strategy of delivering controlled, profitable growth. This strategy starts with our company culture, driven by great people,” continued Owens. “We believe that our leadership team and workforce are the best in the business and enable us to drive growth. The rapidly growing southeastern states in which we operate have been proactively raising their funding for road projects, increasing demand for our services. In addition, we continue to evaluate potential opportunities for acquisitions in our highly fragmented market areas.”

Ned N. Fleming, III, the Company’s Executive Chairman, stated, “Our outlook for fiscal year 2019 reflects our confidence in our proven strategy to generate annual revenue growth in single to low double digits, while maintaining double-digit adjusted EBITDA margins. We believe that the Company represents a compelling investment based on our strong track record of results and vertically integrated operations.”

GUIDANCE:

Construction Partners, Inc. sees FY2019 revenue of $760-810 million, versus the consensus of $765.4 million.

For earnings history and earnings-related data on Construction Partners, Inc. (ROAD) click here.