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Stock impact report

Construction Partners, Inc. Announces Fiscal 2022 Second Quarter Results

Construction Partners, Inc. (ROAD) 
Last construction partners, inc. earnings: 2/7 07:00 am Check Earnings Report
Company Research Source: PR Newswire
Revenue Growth of 36% Compared to Second Quarter Last YearRecord Backlog of $1.28 Billion DOTHAN, Ala., May 6, 2022 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ: ROAD) ("CPI" or the "Company"), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways across five southeastern states, today reported financial and operating results for the fiscal second quarter ended March 31, 2022.Fred J. (Jule) Smith, III, the Company's President and Chief Executive Officer, said, "Second quarter revenue increased approximately 36 percent compared to the same quarter last year. We are pleased with the mix of growth for the quarter, with organic revenue growth of approximately 19 percent and acquisitive growth of approximately 17 percent. This strong performance is evidence of the robust demand for infrastructure services throughout our end markets in both the public and private sectors. In addition, project backlog of $1.28 billion at Marc Show less Read more
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