NASDAQ$ROAD

Construction Partners Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Reported an increase in revenue and gross profit year-over-year, but a decrease in net income.

Construction Partners, Inc. reported a 2.7% increase in revenue and a 5.9% increase in gross profit for the second quarter of fiscal year 2020. However, net income decreased by 63.5%. The company is adjusting to the impacts from COVID-19.

  • Revenue increased by 2.7% year-over-year.
  • Gross profit increased by 5.9% year-over-year.
  • Net income decreased by 63.5% year-over-year.
  • Adjusted EBITDA increased by 2.0% year-over-year.

Headline financials

Total Revenue

$169M

Previous: $164M+2.7%
EPS (adj)

$0.03

Previous: $0.08-62.5%
Adjusted EBITDA

$14.2M

Previous: $14M+2.0%
Adjusted EBITDA Margin

8.4%

Previous: 8.5%-1.2%
Capital Expenditures

-$34.5M

Previous: -$19.8M-74.3%
Free Cash Flow

-$33M

Previous: -$15.6M-111.5%
Net Income

$1.54M

Previous: $4.21M-63.5%
Operating Income

$4.59M

Previous: $5.72M-19.9%
Gross Profit

$21M

Previous: $19.8M+5.9%
Cash & Equivalents

$53.8M

Previous: $61.9M-13.1%
Total Assets

$548M

Previous: $476M+15.0%
Stock-Based Comp

$390K

No prior period

Revenue & EPS history

Construction Partners · Revenue · Quarterly

$169M

Q2 2020+2.7%vs Q2 2019
Beat estimate in 7 of 10 quarters(70%)
ActualEstimate

Forward guidance

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

Tailwinds

  • Revenue of $820 million to $830 million
  • Net income of $32 million to $34 million
  • Adjusted EBITDA of $88 million to $91 million

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 Q2 2020

Historical avgQ2 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

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