{"schema_version":"secwatch.filing_event.v1","accession":"0001718227-22-000101","form_type":"8-K","ticker":"ROAD","cik":"0001718227","company_name":"Construction Partners, Inc.","filed_at":"2022-11-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:51.866272+00:00","generated_at":"2026-06-21T14:13:36.452665+00:00","sec_items":["1.01","2.02","8.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Construction Partners Reports Fiscal 2022 Results and Acquires Three Asphalt Plants in Nashville Metro Area","bullets":["Revenue for fiscal 2022 increased 43% to $1.30 billion compared to fiscal 2021.","Net income rose 5.9% to $21.4 million, and Adjusted EBITDA grew 22.7% to $111.2 million.","Project backlog reached a record $1.41 billion at September 30, 2022, up from $966 million a year earlier.","Acquired three hot-mix asphalt plants in Nashville, TN metro area from Blue Water Industries as a bolt-on acquisition.","Company also transferred its Daurity Springs Quarry in North Carolina to Blue Water Industries while retaining aggregate sourcing rights."],"urls":{"canonical":"https://secwatch.observer/filing/0001718227-22-000101","json":"https://secwatch.observer/filing/0001718227-22-000101.json","markdown":"https://secwatch.observer/filing/0001718227-22-000101.md","text":"https://secwatch.observer/filing/0001718227-22-000101.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1718227/000171822722000101/0001718227-22-000101-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1718227/000171822722000101/road-20221117.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T14:13:36.452665+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"5a5a10db6bb222d30fb3098efef03c40811c3a06","claim":"Construction Partners, Inc. updated its fiscal year 2023 guidance (initiated).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1718227/000171822722000101/0001718227-22-000101-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal year 2023"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"6597c39d2cd2eb5e88e2e7cc0c43e4b4705a4852","claim":"Construction Partners, Inc. reported the fiscal year ended September 30, 2022 results: revenue $1.30 billion, net income $21.4 million.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1718227/000171822722000101/0001718227-22-000101-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal year ended September 30, 2022"},{"label":"Revenue","value":"$1.30 billion"},{"label":"Net income","value":"$21.4 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"adb75ee17162e4d81ffa70ee617d05bfcf1a8612","claim":"Construction Partners, Inc. reported the fiscal quarter ended September 30, 2022 results: revenue $393.1 million.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1718227/000171822722000101/0001718227-22-000101-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal quarter ended September 30, 2022"},{"label":"Revenue","value":"$393.1 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"97590f75902153edf31867bf40a90b8d8551f2c1","claim":"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).","evidence_excerpt":"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).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1718227/000171822722000101/0001718227-22-000101-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"PNC Bank, National Association, as administrative agent and lender, PNC Capital Markets LLC, Regions Bank, BofA Securities, Inc., and certain other lenders"},{"label":"Value","value":"up to $10,000,000"},{"label":"Effective","value":"2022-11-17"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}