secwatch.observer — SEC 8-K summary
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Issuer:     Construction Partners, Inc. (ROAD)
CIK:        0001718227
Form:       8-K
Filed at:   2023-02-09T23:59:59+00:00
Accession:  0001718227-23-000014
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Construction Partners Q1 revenue up 20% to $341.8M; record backlog $1.47B
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- Revenue $341.8M (+20% YoY); net income $1.9M vs $5.5M; adj. EBITDA $27.6M (+4.7%).
- Record project backlog $1.47B at Dec 31, 2022, up from $1.09B a year ago.
- Integrated two acquisitions: bolt-on in Nashville and Ferebee Corp (Charlotte), adding six asphalt plants.
- Raised mid-point of FY2023 guidance; management confident in continued growth.
- Gross profit $30.5M vs $33.0M; G&A steady at 8.7% of revenue.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1718227/000171822723000014/0001718227-23-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1718227/000171822723000014/road-20230209.htm
  HTML page:      https://secwatch.observer/filing/0001718227-23-000014

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer