Trade Construction Partners Inc - ROAD CFD

About Construction Partners Inc

Construction Partners, Inc. is a civil infrastructure company that specializes in the construction and maintenance of roadways across Alabama, Florida, Georgia, North Carolina and South Carolina. It provides construction products and services to both public and private infrastructure projects. The Company focuses on transportation infrastructure projects that include highways, roads, bridges, airports, and commercial and residential sites in the southeastern United States. It also provides a range of large sitework construction, including site development, paving, and utility and drainage systems construction, and supply the hot mix asphalt (HMA) required for the projects. Its primary operations consist of manufacturing and distributing HMA for both internal use and sales to third parties in connection with construction projects and paving activities, including the construction of roadway base layers and application of asphalt pavement.

Financial summary

BRIEF: For the three months ended 31 December 2021, Construction Partners Inc revenues increased 49% to $285M. Net income decreased 30% to $5.5M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income was offset by General and administrative expenses increase of 24% to $24.9M (expense), Interest expense, net increase from $468K to $1.3M (expense).