NASDAQ$ROAD

Construction Partners Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Reported strong financial performance driven by consistent demand, disciplined bidding, effective utilization, and vertical integration synergies.

Construction Partners, Inc. reported an 8.9% increase in revenue, a 28.8% increase in gross profit, and a 44.1% increase in net income for the quarter ended December 31, 2020. The company is maintaining its fiscal year 2021 outlook.

  • Revenue increased by 8.9% year-over-year to $190.9 million.
  • Gross profit increased by 28.8% year-over-year to $30.6 million.
  • Net income increased by 44.1% year-over-year to $7.9 million.
  • Adjusted EBITDA increased by 34.4% year-over-year to $23.1 million, with an adjusted EBITDA margin of 12.1%.

Headline financials

Total Revenue

$191M

Previous: $175M+8.9%
EPS (adj)

$0.15

Previous: $0.11+36.4%
Project Backlog

$656M

No prior period
Adjusted EBITDA

$23.1M

Previous: $17.2M+34.4%
Adjusted EBITDA Margin

12.1%

Previous: 9.8%+23.5%
Capital Expenditures

-$10.5M

Previous: -$23.6M+55.7%
Free Cash Flow

-$2.59M

Previous: -$18.1M+85.7%
Net Income

$7.87M

Previous: $5.46M+44.1%
Operating Income

$10.8M

Previous: $6.95M+55.9%
Gross Profit

$30.6M

Previous: $23.8M+28.8%
Cash & Equivalents

$51.7M

Previous: $49.4M+4.6%
Total Assets

$604M

Previous: $525M+15.2%
Stock-Based Comp

$395K

Previous: $395K+0.0%

Revenue & EPS history

Construction Partners · Revenue · Quarterly

$191M

Q1 2021+8.9%vs Q1 2020
Beat estimate in 8 of 13 quarters(62%)
ActualEstimate

Forward guidance

The company is maintaining its previously announced outlook for the year.

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 2021

Historical avgQ1 2021

+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