Construction Partners reports FY2024 revenue up 17%, net income up 41%, backlog record $1.96B

Construction Partners, Inc.

2024-FY EPS reported $1.31 revenue$1,823,889,000

FY2024 revenue $1.82B (+17% YoY); net income $68.9M (+41% YoY); adj. EBITDA $220.6M (+28% YoY).
Q4 revenue $538.2M (+13% YoY); net income $29.3M (-5.2% YoY); adj. EBITDA $77.0M (+11.8% YoY).
Record project backlog $1.96B at Sep 30, 2024, vs $1.60B a year ago.
Completed eight acquisitions in FY2024; acquired Lone Star Paving in Texas as new platform.
Adjusted EBITDA margin 12.1% for FY2024, up from 11.0% in FY2023.

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