Strong Revenue Growth
Revenue for the quarter was $779.3 million, representing an increase of 51% compared to the same quarter a year ago, with a mix of 5% organic growth and 46% from acquisitions.
Record EBITDA Margin
Delivered a record adjusted EBITDA margin of 16.9%, up 280 basis points over the same quarter last year.
Durwood Greene Acquisition
Acquired Durwood Greene Construction, expanding presence in the Houston area, a fast-growing metro area in the nation.
Strong Backlog
Reported a project backlog of $2.94 billion at the end of the quarter, covering 80% to 85% of the next 12 months' revenue.
Improved Cash Flow
Cash provided by operating activities was $83 million, up from $35 million in the same quarter a year ago.
Reduced G&A Expenses
General and administrative expenses as a percentage of total revenue decreased to 6.6% from 7.3% in the third quarter last year.