NASDAQ$ROAD

Construction Partners Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Construction Partners reported a net loss for the second quarter of fiscal year 2021, impacted by weather delays and increased general and administrative expenses, but maintained its fiscal year outlook due to a record high project backlog.

Construction Partners, Inc. reported a 6.2% increase in revenue compared to the second quarter of last year, but experienced a net loss due to adverse weather conditions and a nonrecurring legal settlement. The company's project backlog reached a record high of $773.3 million, and it maintained its fiscal year 2021 outlook.

  • Revenue increased by 6.2% compared to the second quarter of the previous year.
  • Project backlog reached a record high of $773.3 million.
  • A net loss of $4.9 million was reported on a GAAP basis, compared to a net income of $1.5 million in the second quarter of 2020.
  • The company maintained its fiscal year 2021 outlook despite weather delays and increased expenses.

Headline financials

Total Revenue

$179M

Previous: $169M+6.2%
EPS (adj)

-$0.04

Previous: $0.03-233.3%
Project Backlog

$773M

No prior period
Capital Expenditures

-$26.9M

Previous: -$34.5M+22.1%
Free Cash Flow

-$31.8M

Previous: -$33M+3.5%
Net Income

-$4.94M

Previous: $1.54M-421.1%
Operating Income

-$6.39M

Previous: $4.59M-239.5%
Gross Profit

$18.1M

Previous: $21M-13.8%
Cash & Equivalents

$33.7M

Previous: $53.8M-37.3%
Total Assets

$616M

Previous: $548M+12.4%
Stock-Based Comp

$460K

Previous: $390K+17.9%

Revenue & EPS history

Construction Partners · Revenue · Quarterly

$179M

Q2 2021+6.2%vs Q2 2020
Beat estimate in 9 of 14 quarters(64%)
ActualEstimate

Forward guidance

Construction Partners is maintaining its outlook for fiscal year 2021, anticipating growth in infrastructure funding programs and project lettings.

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 2021

Historical avgQ2 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

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