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Construction Partners Q3 2023 Earnings Report

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$96.22 +0.32 (+0.33%)
(As of 09:32 AM ET)

Construction Partners EPS Results

Actual EPS
$0.41
Consensus EPS
$0.32
Beat/Miss
Beat by +$0.09
One Year Ago EPS
$0.23

Construction Partners Revenue Results

Actual Revenue
$421.90 million
Expected Revenue
$430.77 million
Beat/Miss
Missed by -$8.87 million
YoY Revenue Growth
+10.90%

Construction Partners Announcement Details

Quarter
Q3 2023
Time
Before Market Opens

Conference Call Resources

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Construction Partners Earnings Headlines

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Construction Partners price target raised to $100 from $92 at Baird
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About Construction Partners

Construction Partners (NASDAQ:ROAD), a civil infrastructure company, constructs and maintains roadways in Alabama, Florida, Georgia, North Carolina, South Carolina, and Tennessee. The company provides various products and services to public and private infrastructure projects, such as highways, roads, bridges, airports, and commercial and residential developments. It also engages in manufacturing and distributing hot mix asphalt (HMA) for internal use and sales to third parties in connection with construction projects; and paving activities, including the construction of roadway base layers and application of asphalt pavement. In addition, the company is involved in site development, including the installation of utility and drainage systems; mining aggregates, such as sand, gravel, and construction stones that are used as raw materials in the production of HMA; and distributing liquid asphalt cement for internal use and sales to third parties in connection with HMA production. The company was formerly known as SunTx CPI Growth Company, Inc. and changed its name to Construction Partners, Inc. in September 2017. Construction Partners, Inc. was founded in 2007 and is headquartered in Dothan, Alabama.

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