Construction Partners Inc. (NASDAQ: ROAD) shares soared 7.14% in premarket trading on Friday, driven by the company's robust revenue growth and raised full-year guidance, outweighing a disappointing earnings miss 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 an impressive 41.6% year-over-year increase and surpassing analysts' estimates of $517.5 million. However, the company posted a net loss of $0.06 per diluted share, falling short of analysts' expectations of $0.14 earnings per share.

Despite the earnings miss, Construction Partners 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. The revised guidance exceeded analysts' estimates of $2.55 billion, reflecting the company's optimism about its growth prospects.

The strong performance was fueled by the company's strategic acquisitions and record project backlog. During the first quarter, Construction Partners completed the transformative acquisition of Lone Star Paving, its new platform company in Texas. Additionally, the company 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.