Construction Partners, Inc. (ROAD) Tops Q1 EPS by 2c
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Construction Partners, Inc. Announces Fiscal 2021 First Quarter Results
February 5, 2021 7:30 AM ESTDOTHAN, Ala., Feb. 5, 2021 /PRNewswire/ --Â 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 the quarter ended December 31, 2020.
Key Metrics:Â First Quarter of Fiscal 2021 Compared to First Quarter of Fiscal 2020
         Revenue was $190.9 million, up 8.9%
         Gross profit was $30.6 million, up 28.8%
         Net income was $7.9 million, up 44.1%
         Adjusted EBITDA(1) was $23.1 million, up 34.4%
         Adjusted EBITDA margin(1) was 12.1%, up 230 bps
Project backlog at December 31, 2020 was $655.6 million, compared to $608.1 million at September 30, 2020.
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