Construction Partners, Inc. (ROAD) Misses Q2 EPS by 3c, Updates FY Guidance

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Go back to Construction Partners, Inc. (ROAD) Misses Q2 EPS by 3c, Updates FY Guidance

Construction Partners, Inc. Announces Fiscal 2020 Second Quarter Results

May 8, 2020 7:30 AM EDT

Q2 Year-over-Year Revenue Up 2.7% and Gross Profit Up 5.9% Company Revises and Narrows FY 2020 Outlook

DOTHAN, Ala., May 08, 2020 (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, 2020. Results for the quarter included revenues of $168.7 million, an increase of 2.7%, gross profit of $21.0 million, an increase of 5.9%, net income of $1.5 million, a decrease of 63.5%, and adjusted EBITDA(1)... More