Construction Partners, Inc. (ROAD) Tops Q4 EPS by 4c, Revenues Miss; Offers FY21 Revenue Guidance Above Consensus

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Go back to Construction Partners, Inc. (ROAD) Tops Q4 EPS by 4c, Revenues Miss; Offers FY21 Revenue Guidance Above Consensus

Construction Partners, Inc. Announces Fiscal 2020 Fourth Quarter and Year-End Results

December 11, 2020 8:00 AM EST

DOTHAN, 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:  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