Sector: Industrials | Industry: Construction & Engineering |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 290 Healthwest Dr Ste 2 DOTHAN AL 36303-2051 |
Tel: | 1-713-5296600 |
Website: | https://www.constructionpartners.net |
IR: | See website |
Key People | ||
Ned N. Fleming Executive Chairman of the Board | Fred Julius Smith President, Chief Executive Officer, Director | Gregory A. Hoffman Chief Financial Officer, Senior Vice President |
M. Brett Armstrong Senior Vice President | J. Ryan Brooks Senior Vice President - Legal | Robert P. Flowers Senior Vice President |
John L. Harper Senior Vice President | Todd Keith Andrews Chief Accounting Officer |
Business Overview |
Construction Partners, Inc. is a civil infrastructure company, which is specialized in the construction and maintenance of roadways. The Company provides a range of products and services to both public and private infrastructure projects, which focuses on highways, roads, bridges, airports and commercial and residential developments. The Company's primary operations consist of manufacturing and distributing hot mix asphalt (HMA) for both internal use and sales to third parties in connection with construction projects; paving activities, including the construction of roadway base layers and application of asphalt pavement; site development, including the installation of utility and drainage systems; mining aggregates, such as sand, gravel and construction stone, that are used as raw materials in the production of HMA and for sales to third parties; and distributing liquid asphalt cement for both internal use and sales to third parties in connection with HMA production. |
Financial Overview |
For the three months ended 31 December 2023, Construction Partners Inc revenues increased 16% to $396.5M. Net income increased from $1.9M to $9.8M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income benefited from Gain on sale of equipment, net increase from $168K to $836K (income), Interest expense, net decrease of 5% to $3.7M (expense). |
Employees: | 1,146 as of Sep 30, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $3,340M as of Dec 31, 2023 |
Annual revenue (TTM): | $1,618M as of Dec 31, 2023 |
EBITDA (TTM): | $170.92M as of Dec 31, 2023 |
Net annual income (TTM): | $56.95M as of Dec 31, 2023 |
Free cash flow (TTM): | $95.72M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $373.33M as of Dec 31, 2023 |
Shares outstanding: | 52,827,366 as of Feb 7, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |