Construction Partners Inc. (NASDAQ: ROAD) shares soared 8.43% in pre-market trading on Friday, driven by the company's impressive revenue growth and raised full-year guidance, despite missing earnings estimates for its fiscal first quarter of 2025.

The civil infrastructure company reported revenue of $561.6 million for the quarter ended December 31, 2024, representing a remarkable 41.6% year-over-year increase and surpassing analysts' expectations of $517.5 million. However, the company posted a net loss of $0.06 per diluted share, falling short of analysts' estimates of $0.14 earnings per share.

Despite the earnings miss on a GAAP basis, Construction Partners reported an adjusted earnings per share of $0.25, beating estimates after excluding transformative acquisition expenses related to the Lone Star Paving deal, which the company views as a transformative acquisition.

The strong performance was fueled by the company's strategic acquisitions, including the transformative acquisition of Lone Star Paving in Texas during the first quarter. Additionally, Construction Partners announced two further acquisitions in January and February 2025, expanding its presence in Oklahoma and Alabama.

Notably, Construction Partners ended the quarter with a record project backlog of $2.66 billion, indicating a robust pipeline of future work and providing visibility into the company's growth trajectory. The company lifted its fiscal 2025 revenue guidance to a range of $2.66 billion to $2.74 billion, up from its previous outlook of $2.48 billion to $2.58 billion, exceeding analysts' estimates of $2.55 billion.