Construction Partners, Inc. (ROAD) Misses Q1 EPS by 4c, Revenues Miss; Offers FY19 Revenue Guidance Above Consensus

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Go back to Construction Partners, Inc. (ROAD) Misses Q1 EPS by 4c, Revenues Miss; Offers FY19 Revenue Guidance Above Consensus

Construction Partners, Inc. Announces Fiscal 2019 First Quarter Results

February 11, 2019 4:15 PM EST

Company Confirms Fiscal Year 2019 Growth Outlook

DOTHAN, Ala., Feb. 11, 2019 (GLOBE NEWSWIRE) -- Construction Partners, Inc. (NASDAQ: ROAD) (the Company), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways across five southeastern states, today reported financial and operating results for its first fiscal quarter ended December 31, 2018.

Key Metrics:  Fiscal 2019 First Quarter Compared to Fiscal 2018 First Quarter

Revenue was $154.3 million, up 2.6%

Gross profit was $21.1 million, down 7.3%

Net income was $5.2 million, down 53.1%

Earnings... More