Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Construction Partners, Inc. updated its fiscal year 2023 guidance (initiated).
- Period
- fiscal year 2023
- Guidance
- initiated
- Result
- guidance update
Exact text from the filing
Today we are introducing our fiscal year 2023 outlook that reflects confidence in the continuation of solid growth supported by strong customer demand and project funding, even as we will continue to battle the uncertainty of supply chain disruptions still present in the economy.
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Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Construction Partners, Inc. reported the fiscal year ended September 30, 2022 results: revenue $1.30 billion, net income $21.4 million.
- Period
- the fiscal year ended September 30, 2022
- Revenue
- $1.30 billion
- Net income
- $21.4 million
- Result
- reported results
Exact text from the filing
Fiscal 2022 revenues were $1.30 billion, an increase of 43% compared to $910.7 million for fiscal 2021. Gross profit was $139.3 million in fiscal 2022, compared to $119.9 million in fiscal 2021. General and administrative expenses were $107.6 million for fiscal 2022, compared to $91.9 million in fiscal 2021. General and administrative expenses as a percentage of total revenue in fiscal 2022 were 8.3%, compared to 10.1% in fiscal 2021. Net income was $21.4 million for fiscal 2022, an increase of 5.9% compared to net income of $20.2 million in fiscal 2021.
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Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Construction Partners, Inc. reported the fiscal quarter ended September 30, 2022 results: revenue $393.1 million.
- Period
- the fiscal quarter ended September 30, 2022
- Revenue
- $393.1 million
- Result
- reported results
Exact text from the filing
In the fourth quarter, revenue grew 41 percent to a record $393.1 million, and Adjusted EBITDA was a record $39.4 million, an increase of 45 percent compared to the same quarter last year.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Construction Partners, Inc. amended First Amendment to Third Amended and Restated Credit Agreement with PNC Bank, National Association, as administrative agent and lender, PNC Capital Markets LLC, Regions Bank, BofA Securities, Inc., and certain other lenders valued at up to $10,000,000 (effective 2022-11-17).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- PNC Bank, National Association, as administrative agent and lender, PNC Capital Markets LLC, Regions Bank, BofA Securities, Inc., and certain other lenders
- Value
- up to $10,000,000
- Effective
- 2022-11-17
Exact text from the filing
On November 17, 2022, Construction Partners, Inc. (the “Company”) and each of its wholly owned subsidiaries (collectively, the “Borrowers”) entered into a First Amendment to Third Amended and Restated Credit Agreement with PNC Bank, National Association, as successor to BBVA USA, as administrative agent and lender, PNC Capital Markets LLC, as joint lead arranger and sole bookrunner, Regions Bank and BofA Securities, Inc., each as a joint arranger, and certain other lenders party thereto (the “Amendment” and the “Credit Agreement,” respectively).
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