NASDAQ$ROAD

Construction Partners Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Reported strong profitability driven by disciplined project management, effective resource utilization, vertical integration synergies, and lower fuel costs.

Construction Partners, Inc. reported its Q4 and fiscal year-end results for 2020. The company's profitability was driven by its disciplined approach to productivity, effective utilization of resources and lower fuel costs. The company also provided a fiscal year 2021 outlook indicating strong growth in the coming year.

  • Revenue was $785.7 million, up 0.3% year-over-year.
  • Gross profit was $122.2 million, up 3.6% year-over-year.
  • Net income was $40.3 million, down 6.5% year-over-year.
  • Project backlog at September 30, 2020 was $608.1 million, compared to $531.6 million at September 30, 2019.

Headline financials

Total Revenue

$225M

Previous: $237M-5.3%
EPS (adj)

$0.34

Previous: $0.32+6.3%
Project Backlog

$608M

Previous: $532M+14.4%
Capital Expenditures

$11M

Previous: $10.7M+2.8%
Free Cash Flow

$42.7M

Previous: $26.6M+60.7%
Net Income

$17.6M

Previous: $16.6M+6.0%
Operating Income

$23.7M

Previous: $22.2M+6.6%
Gross Profit

$41M

Previous: $38.9M+5.3%
Cash & Equivalents

$148M

Previous: $80.6M+84.0%
Total Assets

$628M

Previous: $532M+18.1%
Stock-Based Comp

$395K

Previous: $811K-51.3%

Revenue & EPS history

Construction Partners · Revenue · Quarterly

$225M

Q4 2020-5.3%vs Q4 2019
Beat estimate in 7 of 12 quarters(58%)
ActualEstimate

Forward guidance

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

Tailwinds

  • Revenue of $950 million to $1.0 billion
  • Net income of $42.0 million to $46.5 million
  • Adjusted EBITDA of $109.0 million to $118.0 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 Q4 2020

Historical avgQ4 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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