secwatch.observer — SEC 8-K summary
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Issuer:     Construction Partners, Inc. (ROAD)
CIK:        0001718227
Form:       8-K
Filed at:   2023-08-02T23:59:59+00:00
Accession:  0001718227-23-000052
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CPI reports record Q3 revenue of $421.9M, net income up 78%; acquires SC plant, opens GA greenfield
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- Revenue $421.9M (+11% YoY); net income $21.7M (+78%); Adjusted EBITDA $56.4M (+50%).
- Adjusted EBITDA margin 13.4% vs 9.9% year ago; backlog record $1.59B.
- FY2023 outlook narrowed revenue range, raised net income and Adjusted EBITDA ranges.
- Acquired hot-mix asphalt plant in Myrtle Beach, SC from C.R. Jackson, Inc.
- Opened new greenfield plant in Waycross, GA, expanding southeast market presence.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1718227/000171822723000052/0001718227-23-000052-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1718227/000171822723000052/road-20230801.htm
  HTML page:      https://secwatch.observer/filing/0001718227-23-000052

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