Overview
Civil infrastructure firm's fiscal Q1 revenue up 44%, beating analyst expectations
Adjusted EPS for fiscal Q1 beat analyst expectations
Company completed strategic acquisitions in Daytona Beach and Houston
Outlook
Company raises FY26 revenue outlook to $3.48 bln-$3.56 bln
Company expects FY26 net income between $154 mln and $158 mln
Company projects FY26 adjusted EBITDA margin of 15.34%-15.45%
Result Drivers
OPERATIONAL EXECUTION - Co attributed strong Q1 results to outstanding operational execution and favorable weather conditions
RECORD BACKLOG - Co ended Q1 with a record project backlog of $3.09 bln, indicating strong market demand
STRATEGIC ACQUISITIONS - Co completed acquisitions in Daytona Beach and Houston, aiding expansion and market share growth
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 Revenue | Beat | $809.47 mln | $752.12 mln (7 Analysts) |
Q1 Adjusted EPS | Beat | $0.47 | $0.30 (7 Analysts) |
Q1 Net Income | $17.21 mln | ||
Q1 Gross Profit | $121.50 mln | ||
Q1 Operating Income | $50.41 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the construction & engineering peer group is "buy"
Wall Street's median 12-month price target for Construction Partners Inc is $124.00, about 8% above its February 4 closing price of $114.77
The stock recently traded at 37 times the next 12-month earnings vs. a P/E of 39 three months ago
Press Release: ID:nPn1mKHv4a
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)