secwatch.observer — SEC 8-K summary
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Issuer:     Construction Partners, Inc. (ROAD)
CIK:        0001718227
Form:       8-K
Filed at:   2024-11-21T23:59:59+00:00
Accession:  0001718227-24-000097
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1718227/000171822724000097/0001718227-24-000097-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1718227/000171822724000097/road-20241121.htm
  HTML page:      https://secwatch.observer/filing/0001718227-24-000097

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer