Construction Partners Q1 revenue $396.5M (+16%), net income $9.8M ($0.19 EPS), record backlog $1.62B

Construction Partners, Inc.

2024-Q1 EPS reported $0.19 revenue$396,505,000

Net income $9.8M vs $1.9M YoY; diluted EPS $0.19 vs $0.04.
Adjusted EBITDA $40.9M, up 50% from $27.2M in Q1 FY23.
Revenue growth 16% to $396.5M; ~7.3% organic, ~8.7% from acquisitions.
Backlog record $1.62B at Dec 31, 2023 vs $1.47B a year ago.
FY2024 outlook maintained: revenue $1.75-1.825B, net income $63-70M.

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 0.98

Construction Partners, Inc. reported fiscal first quarter ended December 31, 2023 results: revenue $396.5 million, net income $9.8 million, EPS $0.19. Guidance reaffirmed.

Period: fiscal first quarter ended December 31, 2023
Revenue: $396.5 million
Net income: $9.8 million
EPS: $0.19
Guidance: reaffirmed
Result: reported results

Exact text from the filing

team’s hard work, operational proficiency, dedication to detail and focus on safety continue to support CPI’s strategic priorities outlined in our ROAD-Map 2027.” Revenues were $396.5 million in the first quarter of fiscal 2024, an increase of 16% compared to $341.8 million in the same quarter last year. The increase included $29.6 million of revenues attributable to

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Source: SEC EDGAR

accession 0001718227-24-000010

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