NASDAQ$ROAD

Construction Partners Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Reported a revenue increase of 20.6% compared to the third fiscal quarter of last year and a record backlog of $823 million.

Construction Partners, Inc. reported a 20.6% increase in revenue compared to the previous year's third quarter. The company's backlog grew to a record $823 million. However, net income decreased compared to the prior year, impacted by investments in people and technology, and supply chain and labor constraints.

  • Revenue increased by 20.6% compared to the third fiscal quarter of last year.
  • Backlog grew to a record $823 million by the end of the third quarter.
  • Net income was $9.3 million for the third fiscal quarter of 2021, compared to $15.8 million in the third fiscal quarter of last year.
  • The company revised its fiscal year 2021 outlook to reflect supply chain and labor constraints.

Headline financials

Total Revenue

$262M

Previous: $217M+20.6%
EPS (adj)

$0.18

Previous: $0.30-40.0%
Project Backlog

$823M

No prior period
Adjusted EBITDA

$29M

No prior period
Capital Expenditures

-$39.6M

Previous: -$41.5M+4.7%
Free Cash Flow

-$30.2M

Previous: -$25.8M-17.3%
Net Income

$9.34M

Previous: $15.7M-40.7%
Operating Income

$14.3M

Previous: $20M-28.8%
Gross Profit

$36.6M

Previous: $36.5M+0.3%
Cash & Equivalents

$134M

Previous: $78.7M+70.9%
Total Assets

$767M

Previous: $574M+33.7%
Stock-Based Comp

$1.35M

Previous: $390K+245.4%

Revenue & EPS history

Construction Partners · Revenue · Quarterly

$262M

Q3 2021+20.6%vs Q3 2020
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Forward guidance

The company revised its outlook for fiscal year 2021 with regard to revenue, Adjusted net income and Adjusted EBITDA.

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 2021

Historical avgQ3 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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