Construction Partners sees FY25 revenue $2.77B-$2.83B, consensus $2.7B

Sees FY25 net income $106.0M-$117.0M; adjusted net income $122.5M-$133.5M; adjusted EBITDA $410.0M-$430.0M; and adjusted EBITDA margin 14.8%-15.2%. Ned N. Fleming, III, the Company’s Executive Chairman, stated, “CPI’s continued operational and financial strength are a testament to our organization’s culture and leadership, executing a proven growth strategy to increase profitability, expand margins and successfully integrate newly acquired companies. Strategically positioned local market operations across the Sunbelt benefit from the support of our larger organization to bid, win and build critical infrastructure projects for recurring customers, both public and commercial. Our country’s infrastructure repair and maintenance needs are considerable and growing with the expansion of new roadway capacity. CPI will continue to benefit from opportunities afforded by a generational investment in infrastructure and population growth into the Sunbelt. As we continue to expand our geographic footprint and increase the size and scale of operations in an extremely fragmented industry, we expect to generate strong returns to enhance shareholder value.”