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Construction Partners (ROAD)
:ROAD
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Earnings Data
Report Date
Feb 07, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.15Last Year’s EPS
0.19Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Dec 10, 2018
|% Change Since: -1.18%
|Next Earnings Date:Aug 09, 2018
Earnings Call Sentiment|Positive
The earnings call presented a largely positive outlook, with significant revenue and net income growth, successful acquisitions, and a record backlog. However, there were concerns about increased general expenses and a higher debt level due to the Lone Star acquisition. The positive aspects, including strong financial performance and strategic growth, outweigh the negatives.Company Guidance
During the Construction Partners Q4 2024 earnings call, the executives provided guidance for fiscal year 2025, highlighting significant financial metrics and strategic achievements. The company reported a record year for fiscal 2024 with a revenue increase of 17% to $1.82 billion, net income growth of 41%, and adjusted EBITDA growth of 28%, resulting in an EBITDA margin increase to 12.1% from 11% the previous year. The firm completed eight acquisitions, expanding its footprint in the Sunbelt states, and ended the year with $209 million in cash flow from operations. Looking forward, they project fiscal 2025 revenue between $2.48 billion and $2.58 billion, with net income ranging from $97 million to $113 million, and an adjusted EBITDA margin between 14% and 14.6%. The acquisition of Lone Star Paving, expected to enhance the company's EBITDA margins by more than 20%, plays a crucial role in accelerating Construction Partners' strategic goals by two years, while the company's backlog reached a record $1.96 billion, marking 16 consecutive quarters of growth.Record Revenue Growth
The company reported a revenue growth of 17%, reaching $1.82 billion.
Significant Net Income Increase
Net income increased by 41% compared to the previous year, reaching $68.9 million.
Adjusted EBITDA Growth
Adjusted EBITDA grew by 28%, amounting to $220.6 million, with an adjusted EBITDA margin of 12.1% compared to 11% last year.
Successful Acquisitions
Completed 8 acquisitions in fiscal 2024, expanding geographic footprint and enhancing market share.
Strong Cash Flow
Cash flow from operations was $209 million, a notable increase from the previous year.
Record Backlog
Reported a record project backlog of $1.96 billion, marking 16 consecutive quarters of backlog growth.
Acquisition of Lone Star Paving
Acquired Lone Star Paving in Texas, which has over 20% EBITDA margins, accelerating the company's goals by 2 years.
Strong Fiscal Year 2025 Outlook
Projected revenue between $2.48 billion and $2.58 billion, with adjusted EBITDA between $347 million and $377 million.
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ROAD Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ROAD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 21, 2024 | $91.31 | $96.85 | +6.07% |
| Aug 09, 2024 | $58.30 | $59.34 | +1.78% |
| May 10, 2024 | $53.81 | $55.44 | +3.03% |
| Feb 09, 2024 | $50.35 | $46.81 | -7.03% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Construction Partners (ROAD) report earnings?
Construction Partners (ROAD) is schdueled to report earning on Feb 07, 2025, TBA Not Confirmed.
What is Construction Partners (ROAD) earnings time?
Construction Partners (ROAD) earnings time is at Feb 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ROAD EPS forecast?
ROAD EPS forecast for the fiscal quarter 2025 (Q1) is 0.15.
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