Construction Partners Q2 revenue up 14% to $371.4M; raises FY24 outlook

Construction Partners, Inc.

2024-Q2 EPS reported $0.17 revenue$767,932,000

Revenue $371.4M (+14% YoY); organic growth 6.6%, acquisitions 7.7%.
Adjusted EBITDA $29.5M (+45% YoY); net loss narrowed to $1.1M from $5.5M.
Gross profit margin expanded 220 bps to 10.4%.
Project backlog hit record $1.79B, up from $1.52B a year ago.
Company raised fiscal 2024 guidance citing sustained demand and strong ops.

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 0.9

Construction Partners, Inc. reported fiscal second quarter ended March 31, 2024 results: revenue $371.4 million, net income $1.1 million. Guidance raised.

Period: fiscal second quarter ended March 31, 2024
Revenue: $371.4 million
Net income: $1.1 million
Guidance: raised
Result: reported results

Exact text from the filing

Revenues were $371.4 million in the second quarter of fiscal 2024, an increase of 14% compared to $324.8 million in the same quarter last year.

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Source: SEC EDGAR

accession 0001718227-24-000027

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