Acquisition ImpactROAD's acquisition of Lone Star Paving, the largest in company history, and its entrance into the large and growing Texas markets is incrementally positive.
Backlog GrowthBacklog remains at record levels with a backlog of $1.960B, increased +5.4% QOQ and +22.5% YOY, remaining at a record level.
Financial PerformanceManagement continues to execute well, driving both organic revenue growth and margin expansion, with a positive view on the Lone Star transaction and the company's new beachhead in the large and well-funded Texas infrastructure market.