NASDAQ$ROAD

Construction Partners Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Reported double-digit year-over-year growth in revenue, gross profit and Adjusted EBITDA.

Construction Partners, Inc. reported a strong first quarter for fiscal year 2020, with double-digit growth in revenue, gross profit, and Adjusted EBITDA. The company's performance was driven by improvements in existing markets and strategic acquisitions. They are maintaining their full-year outlook for fiscal 2020.

  • Revenue increased by 13.6% to $175.3 million.
  • Gross profit increased by 12.4% to $23.8 million.
  • Net income increased by 6.0% to $5.5 million.
  • Earnings per share increased to $0.11 from $0.10.

Headline financials

Total Revenue

$175M

Previous: $154M+13.6%
EPS (adj)

$0.11

Previous: $0.10+10.0%
Adjusted EBITDA

$17.2M

No prior period
Adjusted EBITDA Margin

9.8%

Previous: 9.5%+3.2%
Capital Expenditures

-$23.6M

Previous: -$7.41M-218.6%
Free Cash Flow

-$18.1M

Previous: -$2.25M-705.2%
Net Income

$5.46M

Previous: $5.15M+6.0%
Operating Income

$6.95M

Previous: $7.03M-1.1%
Gross Profit

$23.8M

Previous: $21.1M+12.4%
Cash & Equivalents

$49.4M

Previous: $91.6M-46.0%
Total Assets

$525M

Previous: $468M+12.1%
Stock-Based Comp

$395K

No prior period

Revenue & EPS history

Construction Partners · Revenue · Quarterly

$175M

Q1 2020+13.6%vs Q1 2019
Beat estimate in 6 of 9 quarters(67%)
ActualEstimate

Forward guidance

The Company maintained its outlook for fiscal year 2020 with regard to revenue, net income and Adjusted EBITDA.

Tailwinds

  • Revenue of $830 million to $870 million, compared to $783.2 million actual in FY 2019
  • Net income of $39 million to $44 million, compared to $43.1 million actual in FY 2019
  • Adjusted EBITDA of $94 million to $102 million, compared to $92.3 million actual in FY 2019

Headwinds

  • The fiscal year 2020 outlook does not take into account the potential impact of any new federal or state infrastructure or highway-related legislation that could take effect in 2020.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+0.2%

Avg return

Earnings day

+0.9%

Avg return

5 days after

+2.9%

Avg return

30 days after

46%

16 / 35 earnings

Positive

+24.8%

Q3 2022

Best reaction

-20.9%

Q2 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026+6.0%-3.5%-16.0%
Q1 2026+11.2%+11.2%+2.9%
Q4 2025-3.6%+1.5%+4.7%
Q2 2025+3.6%+8.3%+19.3%
Q1 2025+2.7%-4.6%-17.8%
Q4 2024+9.5%+9.0%+1.6%
Q3 2024+3.7%+4.1%-2.0%
Q2 2024+2.1%+6.4%-0.4%
Q1 2024-5.7%-5.2%+2.5%
Q4 2023-0.3%+1.7%+3.4%
Q3 2023+15.2%+15.1%+18.8%
Q2 2023+14.7%+16.3%+23.4%
Q1 2023-4.0%+2.3%-8.4%
Q4 2022-15.2%-10.0%-17.2%
Q3 2022+24.8%+25.7%+23.4%
Q2 2022-20.9%-20.3%-12.6%
Q1 2022+4.3%+6.1%+2.1%
Q4 2021-6.1%-8.0%-25.0%
Q3 2021-1.8%+2.4%+2.4%
Q2 2021-3.1%-7.7%+2.5%
Q1 2021-7.1%-10.3%-6.4%
Q4 2020-4.4%-4.9%+15.4%
Q3 2020+14.2%+10.0%-0.1%
Q2 2020-2.1%-17.7%+21.7%
Q1 2020-7.4%-1.8%-1.7%
Q4 2019-16.0%-13.7%-14.4%
Q3 2019+1.4%+8.3%+9.6%
Q2 2019+4.3%+17.9%+22.6%
Q1 2019-2.7%+4.2%+8.3%
Q4 2018-2.7%-7.3%+15.7%
Q3 2017+0.1%+1.3%+2.9%
Q3 2018+0.9%+8.1%+13.6%
Q2 2018-3.2%-4.3%+2.8%
Q2 2017-3.2%-4.3%+2.8%
Q4 2017-3.2%-4.3%+2.8%
Q1 2018
Q1 2017

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro