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Stock impact report

Construction Partners, Inc. Announces Fiscal 2022 Third 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 Up 45%, Net Income Up 30%, Adjusted EBITDA Up 30%, Compared to FYQ3 Last YearCompany Reports Record Backlog of $1.33 BillionDOTHAN, Ala., Aug. 5, 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 quarter ended June 30, 2022.Fred J. (Jule) Smith, III, the Company's President and Chief Executive Officer, said, "We are pleased with our 3rd quarter results, achieving record revenue and Adjusted EBITDA driven by the continued strong demand for infrastructure services throughout our end markets in both the private and public sectors.  Our mix of growth for the quarter consisted of approximately 25 percent organic revenue and approximately 20 percent from recent acquisitions.  Revenue was driven by a high volume of project work coupled wit Show less Read more
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