Construction Partners ( (ROAD) ) has released its Q2 earnings. Here is a breakdown of the information Construction Partners presented to its investors.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Construction Partners, Inc. is a vertically integrated civil infrastructure company that specializes in the construction and maintenance of roadways across the Sunbelt region in the United States, with a focus on both public and private sector projects.
The company recently announced its fiscal 2025 second-quarter results, highlighting a significant 54% increase in revenue compared to the same period last year. The results also included a net income of $4.2 million and an adjusted EBITDA increase of 135%, reflecting strong operational performance and strategic growth initiatives.
Key financial metrics from the report include a revenue of $571.7 million, a record project backlog of $2.84 billion, and an adjusted EBITDA margin of 12.1%. The company also reported a successful acquisition of PRI, expanding its operations in Tennessee, which contributed to its revenue growth. Additionally, the company raised its fiscal 2025 outlook, expecting revenue between $2.77 billion and $2.83 billion and adjusted EBITDA between $410 million and $430 million.
Looking ahead, Construction Partners is optimistic about its growth prospects, driven by strong demand for infrastructure projects in the rapidly expanding Sunbelt region. The company remains focused on leveraging its strategic acquisitions and robust project backlog to deliver long-term value to its stakeholders.