Construction Partners, Inc. (ROAD) Tops Q4 EPS by 4c, Revenues Miss; Offers FY21 Revenue Guidance Above Consensus
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Construction Partners, Inc. Announces Fiscal 2020 Fourth Quarter and Year-End Results
December 11, 2020 8:00 AM ESTDOTHAN, Ala., Dec. 11, 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 fourth quarter and fiscal year ended September 30, 2020.
Key Metrics:Â Fiscal Year 2020 Compared to Fiscal Year 2019
         Revenue was $785.7 million, up 0.3%
         Gross profit was $122.2 million, up 3.6%
         Net income was $40.3 million, down 6.5%
         Adjusted EBITDA(1) was $98.4 million, up 6.6%
         Adjusted EBITDA margin(1)was 12.5%, up 70 bps
Project backlog at September 30, 2020 was $608.1 million, compared to $531.6 million at September 30, 2019.
Charles E.... More
