NASDAQ$ROAD

Construction Partners Inc · Q1 2025 earnings

Q1 2025 earnings · · Before market open · Investor relations

Briefing

Reported strong first quarter performance driven by revenue and Adjusted EBITDA growth, along with a record backlog and strategic acquisitions.

Construction Partners, Inc. reported a strong first quarter with a 42% increase in revenue and a 68% increase in Adjusted EBITDA compared to the same quarter last year. The company's project backlog reached a record $2.66 billion. CPI also completed the acquisition of Lone Star Paving and Overland Corporation.

  • Revenue increased by 42% compared to Q1 FY24, reaching $561.6 million.
  • Adjusted EBITDA increased by 68% compared to Q1 FY24, resulting in an Adjusted EBITDA margin of 12.25%.
  • Project backlog reached a record $2.66 billion.
  • Completed the acquisition of Lone Star Paving and Overland Corporation, expanding operations into Texas and Oklahoma.

Headline financials

Total Revenue

$562M

Previous: $397M+41.6%
EPS (adj)

$0.25

Previous: $0.19+31.6%
Project Backlog

$2.66B

No prior period
Adjusted EBITDA

$68.8M

Previous: $40.9M+68.3%
Adjusted EBITDA Margin

12.3%

No prior period
Adjusted Net Income

$13.3M

No prior period
Capital Expenditures

-$26.8M

Previous: -$26.8M-0.2%
Net Income

-$3.05M

Previous: $9.84M-131.0%
Operating Income

$13.8M

Previous: $16.7M-17.5%
Gross Profit

$76.6M

Previous: $51.9M+47.6%

Revenue & EPS history

Construction Partners · Revenue · Quarterly

$562M

Q1 2025+41.6%vs Q1 2024
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Forward guidance

CPI raised its fiscal 2025 outlook ranges, anticipating revenue between $2.66 billion and $2.74 billion, net income between $93.0 million and $105.6 million, Adjusted net income between $109.5 million and $122.1 million, Adjusted EBITDA between $375.0 million and $400.0 million, and Adjusted EBITDA margin between 14.1% and 14.6%.

Tailwinds

  • Revenue in the range of $2.66 billion to $2.74 billion
  • Net income in the range of $93.0 million to $105.6 million
  • Adjusted net income in the range of $109.5 million to $122.1 million
  • Adjusted EBITDA in the range of $375.0 million to $400.0 million
  • Adjusted EBITDA margin in the range of 14.1% to 14.6%

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 2025

Historical avgQ1 2025

+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

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