NASDAQ$ROAD
Construction Partners Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Construction Partners reported a strong second quarter with year-over-year growth in revenue, gross profit, and Adjusted EBITDA. The company also raised its fiscal year 2024 outlook.
Construction Partners, Inc. announced a strong second quarter with a 14% increase in revenue compared to the same quarter last year. The company's project backlog reached a record $1.79 billion. Due to sustained industry trends and strong operational performance, the company is raising its outlook for fiscal year 2024.
- Revenue increased by 14% compared to Q2 FY23, reaching $371.4 million.
- Gross profit increased by 48% compared to Q2 FY23, reaching $38.8 million.
- Adjusted EBITDA increased by 45% compared to Q2 FY23, reaching $29.5 million.
- Project backlog reached a record $1.79 billion as of March 31, 2024.
Headline financials
Revenue & EPS history
Construction Partners · Revenue · Quarterly
$371M
Forward guidance
The Company is raising its outlook ranges for fiscal year 2024 with regard to revenue, net income, Adjusted EBITDA and Adjusted EBITDA Margin.
Tailwinds
- Revenue in the range of $1.81 billion to $1.85 billion
- Net income in the range of $71 million to $75 million
- Adjusted EBITDA in the range of $211 million to $225 million
- Adjusted EBITDA Margin in the range of 11.7% to 12.2%
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 2024
+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
| Quarter | Report date | Reaction (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