earnings
confidence high
sentiment positive
materiality 0.75
Construction Partners FY2023 revenue $1.56B (+20%), net income +129%, backlog $1.6B
Construction Partners, Inc.
2023-FY EPS reported
$0.94
revenue$1,563,548,000
- Q4 revenue $475M (+21%), net income $30.9M (+136%), adjusted EBITDA $69.5M (+76%).
- FY2023 net income $49.0M (+129%), adjusted EBITDA $174.1M (+57%), margin 11.1%.
- Record project backlog $1.60B at Sep 30, 2023, up from $1.41B a year ago.
- Management maintains FY2024 outlook for further revenue growth and margin expansion.
- Gross profit improved to $196.4M (+41%) on stable cost environment.