AcquisitionsROAD's recent large acquisitions in Texas and Tennessee are larger and higher margin than previously thought, benefiting margins.
Financial PerformanceThe company's acquisitions are structured as asset purchases, allowing for more favorable deal economics and improved free cash flow.
Organic GrowthROAD's organic growth target has been raised, with a strong performance in the Southeast and Sunbelt regions, showcasing its growth potential in an uncertain macro environment.
Revenue GrowthRevenue estimates appear to have upside, with ROAD's acquisitions adding over $200M+ of annualized revenue.