Construction Partners ( (ROAD) ) has released its Q1 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 operating in the Sunbelt region of the United States, focusing on construction and maintenance of roadways supported by its network of asphalt plants and facilities.
In the latest fiscal report for the first quarter of 2025, Construction Partners announced a significant revenue increase of 42% over the previous year, with adjusted net income and EBITDA also showing substantial growth. The company highlighted a record project backlog of $2.66 billion and announced a raised outlook for the fiscal year.
Key financial highlights included a revenue of $561.6 million driven by both organic growth and recent acquisitions, notably the transformative purchase of Lone Star Paving. Despite a net loss due to acquisition-related expenses, adjusted net income was reported at $13.3 million, and adjusted EBITDA grew by 68% to $68.8 million. The company also expanded its footprint with notable acquisitions in Texas, Oklahoma, and Alabama, solidifying its strategic growth in the Sunbelt area.
Looking forward, Construction Partners’ management expressed confidence in continued growth and profitability, supported by robust demand for infrastructure projects in the Sunbelt, enhanced by strong state and federal funding. The company’s strategy of partnering with local operators aims to further scale the organization and deliver long-term value to stakeholders.
