Construction Partners, Inc. Announces Fiscal 2020 Third Quarter Results
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Construction Partners, Inc. (ROAD) Tops Q3 EPS by 6c, Revenues Miss; Revised FY20 Revenue Guidance Below Consensus
August 7, 2020 7:04 AM EDTConstruction Partners, Inc. (NASDAQ: ROAD) reported Q3 EPS of $0.30, $0.06 better than the analyst estimate of $0.24. Revenue for the quarter came in at $217.04 million versus the consensus estimate of $236.68 million.
Charles E. Owens, the Company's President and Chief Executive Officer, said, "We are pleased with our strong profitability in the third quarter, despite lower revenues. Our solid results were driven primarily by vertical integration synergies, lower costs of fuel, effective utilization of crews and equipment, a disciplined... More
