Construction Partners, Inc. (ROAD) Tops Q3 EPS by 6c, Revenues Miss; Revised FY20 Revenue Guidance Below Consensus

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Go back to Construction Partners, Inc. (ROAD) Tops Q3 EPS by 6c, Revenues Miss; Revised FY20 Revenue Guidance Below Consensus

Construction Partners, Inc. Announces Fiscal 2020 Third Quarter Results

August 7, 2020 7:00 AM EDT

DOTHAN, Ala., Aug. 7, 2020 /PRNewswire/ -- 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 third fiscal quarter ended June 30, 2020. Results for the quarter included revenues of $217.0 million, gross profit of $36.5 million, net income of $15.7 million, and adjusted EBITDA(1) of $31.9 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... More