Construction Partners Q2 revenue +33.5% to $324.9M, backlog record $1.52B, raises FY2023 outlook

Construction Partners, Inc.

2023-Q2 EPS reported -$0.07 revenue$666,629,000

Revenue $324.9M, up 33.5% YoY; net loss improved to $5.5M from $9.4M.
Adjusted EBITDA $20.8M (+165.3%); gross profit $26.3M (+110.3%).
Record backlog $1.52B at March 31, 2023, up from $1.28B YoY.
Company raises FY2023 outlook ranges citing outperformance and robust demand.
Organic revenue grew 17.1%; acquisitions contributed 16.4% of revenue.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Construction Partners, Inc. reported the fiscal quarter ended March 31, 2023 results: revenue $324.9 million, net income Net loss was $5.5 million. Guidance raised.

Period: the fiscal quarter ended March 31, 2023
Revenue: $324.9 million
Net income: Net loss was $5.5 million
Guidance: raised
Result: reported results

Exact text from the filing

cost recovery. Now, as we enter our busy work season, our pre-inflationary backlog is largely complete, and we are right on track with our annual plan for FY23.” Revenues were $324.9 million in the second quarter of fiscal 2023, an increase of 33.5% compared to $243.4 million in the same quarter last year. The mix of total revenue growth for the quarter was

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Source: SEC EDGAR

accession 0001718227-23-000035

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