On August 7, Construction Partners rose 19.88% in regular trading, trading at $120.23/share, with turnover of $94.80 million. The surge was driven by the company's fiscal Q3 earnings release, which comprehensively beat market expectations.

The company reported adjusted EPS of $1.08, exceeding the consensus estimate of $1.05, while revenue reached $999.4 million versus the $953.9 million estimate, representing a 28.2% year-over-year increase. GAAP diluted EPS rose 34.2% to $1.06. Notably, project backlog reached a record $3.36 billion, up approximately 14% from the prior year. The company also raised its full-year revenue guidance to $3.64 billion to $3.68 billion.

Additionally, the company recently completed the acquisition of Ellsworth Construction, an asphalt manufacturing and paving business in Oklahoma, expanding its presence in data center construction. The company was also added to the S&P SmallCap 600 index in July, further enhancing institutional visibility.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)