Construction Partners, Inc. (ROAD) Tops Q2 EPS by 3c, Revenues Beat; Offers FY19 Revenue Guidance Above Consensus

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Go back to Construction Partners, Inc. (ROAD) Tops Q2 EPS by 3c, Revenues Beat; Offers FY19 Revenue Guidance Above Consensus

Construction Partners, Inc. Announces Fiscal 2019 Second Quarter Results

May 9, 2019 4:15 PM EDT

DOTHAN, Ala., May 09, 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 second fiscal quarter ended March 31, 2019.

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

Revenue was $164.3 million, up 38.2%Gross profit was $19.8 million, up 44.0%Net income was $4.2 million, down 62.6% (1)Adjusted EBITDA(2) was $13.9 million, up 74.2%

Charles E. Owens, the Companys... More