Construction Partners ( (ROAD) ) has released its Q3 earnings. Here is a breakdown of the information Construction Partners presented to its investors.
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Construction Partners, Inc. is a vertically integrated civil infrastructure company that focuses on the construction and maintenance of roadways in the Sunbelt region of the United States. The company operates hot-mix asphalt plants and aggregate facilities, primarily serving publicly funded projects such as roadways and bridges.
In its fiscal 2025 third quarter earnings report, Construction Partners, Inc. announced a significant increase in revenue and adjusted EBITDA, with revenue rising by 51% and adjusted EBITDA by 80% compared to the same quarter last year. The company also reported a record project backlog of $2.94 billion, maintaining its fiscal year 2025 outlook.
Key financial highlights from the report include a revenue of $779.3 million for the third quarter, driven largely by acquisitions, and a net income of $44 million, up from $30.9 million in the previous year. The company’s adjusted EBITDA margin improved to 16.9%, reflecting strong operational performance despite weather-related challenges.
Strategically, Construction Partners expanded its footprint in Texas with the acquisition of Durwood Greene Construction Co., enhancing its capabilities in the Houston area. This acquisition is expected to provide vertical integration opportunities and contribute to the company’s growth in the region.
Looking ahead, Construction Partners remains optimistic about its growth prospects, supported by strong customer demand and favorable economic conditions in the Sunbelt states. The company is focused on leveraging its strategic acquisitions and operational strengths to deliver long-term value to its stakeholders.