CPI Q3 FY2024 revenue $517.8M (+22.7%), backlog $1.86B record; raises FY24 outlook

Construction Partners, Inc.

2024-Q3 EPS reported $0.75 revenue$1,285,726,000

Revenue $517.8M, up 22.7% YoY; net income $30.9M, up 42.4% YoY.
Adjusted EBITDA $73.2M, up 30.5% YoY; gross profit $83.5M, up 30%.
Record project backlog $1.86B at June 30, 2024, up from $1.59B year earlier.
Company raises fiscal 2024 outlook due to strong demand and operational performance.
Organic growth 13% for the quarter; integrating three recent acquisitions.

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