NASDAQ$ROAD
Construction Partners Inc · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
Reported strong profitability driven by vertical integration synergies and effective utilization of resources, despite lower revenues.
Construction Partners, Inc. reported financial results for its third fiscal quarter ended June 30, 2020. The company reported revenues of $217.0 million, gross profit of $36.5 million, net income of $15.7 million, and adjusted EBITDA of $31.9 million.
- Strong profitability in the third quarter, despite lower revenues.
- Solid results were driven primarily by vertical integration synergies, lower costs of fuel, effective utilization of crews and equipment, a disciplined project bidding strategy and pricing of integrated products.
- Continued to operate without significant delays related to state and local shelter-in-place orders.
- Project backlog at June 30, 2020 was $651.2 million, compared to $579.1 million at March 31, 2020 and $581.1 million at June 30, 2019.
Headline financials
Revenue & EPS history
Construction Partners · Revenue · Quarterly
$217M
Forward guidance
The Company has revised its outlook for fiscal year 2020 with regard to revenue, net income and Adjusted EBITDA.
Tailwinds
- Revenue of $810 million to $820 million
- Net income of $36 million to $38 million
- Adjusted EBITDA of $92.0 million to $94.5 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 Q3 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
| 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 | — | — | — |
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