Construction Partners, Inc.
Description
Construction Partners, Inc., a civil infrastructure company, constructs and maintains roadways in Alabama, Florida, Georgia, North Carolina, South Carolina, and Tennessee. The company provides various products and services to public and private infrastructure projects, such as highways, roads, bridges, airports, and commercial and residential developments. It also engages in manufacturing and distributing hot mix asphalt (HMA) for 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. In addition, the company is involved in site development, including the installation of utility and drainage systems; mining aggregates, such as sand, gravel, and construction stones that are used as raw materials in the production of HMA; and distributing liquid asphalt cement for internal use and sales to third parties in connection with HMA production. The company was formerly known as SunTx CPI Growth Company, Inc. and changed its name to Construction Partners, Inc. in September 2017. Construction Partners, Inc. was incorporated in 2007 and is headquartered in Dothan, Alabama.
About
CEO
Mr. Fred Julius Smith III
Employees
1,146
Instrument type
Common Stock
Sector
Industrials
Industry
Engineering & Construction
MIC code
XNGS
Address
290 Healthwest Drive, Dothan, AL 36303, United States
×
![Enlarged Chart]()
Oscillators
Invalid data format
Summary
Invalid data format
Moving Averages
Invalid data format
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Nov 19, 2025 | — | — | — | — |
| Aug 7, 2025 | — | — | — | — |
| May 8, 2025 | — | — | — | — |
| Feb 7, 2025 | — | — | — | — |
| Nov 21, 2024 | 0.57 | 0.56 | -0.01 | -1.75% |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Current Year
(Sep 2025)
|
Next Year
(Sep 2026)
|
||
|---|---|---|---|---|
| Number of analysts | — | 6 | 6 | 5 |
| Average estimate | — | -0.06 | 1.91 | 2.51 |
| Low estimate | — | -0.22 | 1.73 | 2.15 |
| High estimate | — | 0.02 | 2.03 | 2.89 |
| Last year EPS | — | -0.02 | 1.33 | 1.91 |
[stock_revenue_estimate]
Growth estimates
Current qtr
-21.930%
Next qtr. (Mar 2025)
-175.000%
Current year (Sep 2025)
43.030%
Next year (Sep 2026)
33.070%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Fiscal date | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 | 2020-09-30 |
| Total reported revenue | 1.82B | 1.56B | 1.30B | 910.74M | 785.68M |
| Cost of revenue | 1.57B | 1.37B | 1.16B | 790.80M | 663.47M |
| Gross profit | 258.25M | 196.39M | 139.30M | 119.94M | 122.21M |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 151.50M | 126.95M | 107.56M | 91.88M | 68.60M |
| Other operating expenses | — | — | — | — | — |
| Operating income | 106.76M | 69.44M | 31.74M | 28.06M | 53.62M |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | 19.07M | 17.35M | 7.70M | 2.40M | 3.11M |
| Other income expense | 4.41M | 13.31M | 4.27M | 2.86M | 1.95M |
| Pretax income | 92.10M | 65.40M | 28.31M | 28.52M | 52.45M |
| Tax provision | 23.16M | 16.40M | 6.92M | 8.35M | 12.76M |
| Net income | 68.94M | 49.00M | 21.38M | 20.18M | 40.30M |
| Basic EPS | 1.33 | 0.95 | 0.41 | 0.39 | 0.78 |
| Diluted EPS | 1.31 | 0.94 | 0.41 | 0.39 | 0.78 |
| Basic average shares | 51.88M | 51.83M | 51.77M | 51.64M | 51.49M |
| Diluted average shares | 51.88M | 51.83M | 51.77M | 51.64M | 51.49M |
| EBITDA | 199.61M | 149.41M | 98.07M | 78.68M | 93.25M |
| Net income from continuing op. | 68.94M | 49.00M | 21.38M | 20.18M | 40.30M |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Fiscal date | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 | 2020-09-30 |
| Total assets | 1.54B | 1.22B | 1.10B | 806.62M | 628.11M |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 74.69M | 48.24M | 35.53M | 57.25M | 148.32M |
| Other short term investments | — | — | — | — | — |
| Accounts receivable | 350.81M | 303.70M | 265.21M | 158.17M | 131.77M |
| Other receivables | 25.97M | 27.30M | 29.27M | 23.02M | 7.87M |
| Inventory | 106.70M | 84.04M | 74.20M | 53.79M | 38.56M |
| Prepaid assets | 10.17M | 4.27M | 7.22M | 5.44M | 3.61M |
| Restricted cash | 2.00M | 837,000 | 28,000 | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | 14.67M | 5.03M | 5.74M | 2.35M | 1.43M |
| Non current assets | |||||
| Properties | 678.31M | 531.36M | 508.56M | 427.06M | 282.75M |
| Land and improvements | 94.18M | 76.40M | 59.45M | 53.42M | 38.65M |
| Machinery furniture equipment | 263.83M | 216.25M | 174.74M | 149.60M | 108.04M |
| Construction in progress | 18.27M | 15.89M | 23.79M | 3.71M | 5.27M |
| Leases | 1.27M | 1.27M | 1.23M | 1.23M | 1.14M |
| Accumulated depreciation | -426.84M | -358.46M | -304.94M | -250.80M | -209.53M |
| Goodwill | 483.86M | 338.06M | 274.91M | 175.01M | 95.92M |
| Investment properties | — | — | — | — | — |
| Financial assets | 11.65M | 26.91M | 24.72M | — | — |
| Intangible assets | 20.55M | 19.52M | 15.98M | 4.16M | 3.22M |
| Investments and advances | 84,000 | 87,000 | 87,000 | 108,000 | 198,000 |
| Other non current assets | 23.72M | 20.00M | 11.57M | 4.17M | 548,000 |
| Total liabilities | 968.40M | 703.09M | 639.64M | 397.72M | 242.92M |
| Current liabilities | |||||
| Accounts payable | 182.57M | 151.41M | 130.47M | 86.39M | 64.73M |
| Accrued expenses | 33.16M | 22.98M | 16.06M | 22.75M | 19.79M |
| Short term debt | 35.63M | 17.34M | 14.71M | 11.40M | 15.05M |
| Deferred revenue | 120.07M | 78.91M | 52.48M | 33.72M | 33.70M |
| Tax payable | — | — | — | — | — |
| Pensions | — | — | — | — | — |
| Other current liabilities | 9.03M | 8.56M | 12.42M | 3.71M | 2.56M |
| Non current liabilities | |||||
| Long term debt | 517.62M | 373.39M | 375.13M | 211.48M | 84.61M |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | 53.85M | 37.12M | 26.71M | 17.36M | 14.00M |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | 4.71M | 2.84M | 3.46M | 4.42M | 2.45M |
| Shareholders equity | |||||
| Common stock | 56,000 | 56,000 | 56,000 | 56,000 | 55,000 |
| Retained earnings | 315.21M | 246.28M | 197.27M | 175.90M | 155.72M |
| Other shareholders equity | 7.50M | 18.69M | 17.62M | -23,000 | — |
| Total shareholders equity | 573.74M | 516.57M | 455.88M | 408.90M | 385.20M |
| Additional paid in capital | 278.07M | 267.33M | 256.57M | 248.57M | 245.02M |
| Treasury stock | 27.09M | 15.78M | 15.64M | 15.60M | 15.60M |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Net Income | 68.94M | 49.00M | 21.38M | 20.18M | 40.30M | 43.12M | 50.79M | 26.04M | 22.02M |
| Depreciation | 92.92M | 79.10M | 65.73M | 49.81M | 39.30M | 31.23M | 25.32M | 21.07M | 21.53M |
| Deferred Taxes | 22.68M | 11.17M | 5.97M | 3.75M | 3.31M | 3.00M | -481,000 | 865,000 | 8.15M |
| Stock-Based Compensation | 14.41M | 10.76M | 8.00M | 3.55M | 1.57M | 957,000 | 975,000 | 513,000 | 217,000 |
| Other Non-Cash Items | 62,000 | 36,000 | 256,000 | 229,000 | 165,000 | 109,000 | 94,000 | 660,000 | 912,000 |
| Accounts Receivable | -1.10M | -23.39M | -103.20M | -42.22M | 11.56M | -23.28M | 6.32M | -16.77M | -4.73M |
| Accounts Payable | 13.43M | 17.22M | 41.32M | 20.20M | -5.71M | 6.93M | 7.46M | 11.64M | -10.53M |
| Other Assets & Liabilities | 9.67M | 18.88M | -1.50M | -4.69M | 2.56M | -8.22M | -7.65M | -2.20M | 12.06M |
| Operating Cash Flow | 221.02M | 162.78M | 37.95M | 50.79M | 93.06M | 53.85M | 82.83M | 41.82M | 49.63M |
| Investing Activities | |||||||||
| Capital Expenditures | -73.87M | -43.13M | -61.33M | -52.68M | -49.53M | -38.02M | -37.87M | -19.84M | -19.01M |
| Net Intangibles | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | -231.78M | -91.79M | -128.57M | -210.73M | -29.83M | -11.35M | -51.72M | -10.84M | — |
| Purchase of Investments | — | — | — | — | — | — | — | — | — |
| Sale of Investments | — | — | — | — | — | — | — | — | — |
| Investing Cash Flow | -307.59M | -143.37M | -197.33M | -263.41M | -79.36M | -60.23M | -89.59M | -30.69M | -19.01M |
| Financing Activities | |||||||||
| Long-Term Debt Issuance | 210.24M | 103.00M | 167.30M | 219.20M | 72.30M | — | 21.92M | 59.62M | 3.88M |
| Long-Term Debt Payments | -72.81M | -103.13M | -8.13M | -95.35M | -30.41M | -13.00M | -17.36M | -65.74M | -21.98M |
| Other Financing Charges | — | — | — | — | — | — | -4.94M | — | — |
| Financing Cash Flow | 126.11M | -264,000 | 159.14M | 123.85M | 41.89M | -13.57M | 95.06M | -39.78M | -20.88M |
| Other Cash Details | |||||||||
| End Cash Position | 76.68M | 49.08M | 35.56M | 57.25M | 148.32M | 80.62M | 99.14M | 27.55M | 51.09M |
| Income Tax Paid | 5.45M | 1.01M | 1.37M | 6.22M | 9.91M | 9.12M | 14.36M | 12.53M | 2.57M |
| Interest Paid | 21.68M | 19.16M | 9.29M | 3.20M | 2.04M | 2.64M | 2.34M | 3.31M | 4.31M |
| Free Cash Flow | 121.15M | 59.35M | -52.35M | -7.83M | 52.60M | 12.80M | 23.32M | 22.53M | 26.84M |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| Conestoga Small Cap Fund | Sep 30, 2024 | 2,018,217 | 165.39M | 4.28% |
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 1,309,948 | 107.35M | 2.78% |
| iShares Russell 2000 ETF | Nov 30, 2024 | 1,209,438 | 99.11M | 2.56% |
| Nationwide Geneva Small Cap Growth Fd | Oct 31, 2024 | 942,346 | 77.23M | 2.00% |
| Wasatch Small Cap Growth Fund | Sep 30, 2024 | 839,753 | 68.82M | 1.78% |
| Delaware Group Equity Fds V-Small Cap Core Fund | Nov 30, 2024 | 778,993 | 63.84M | 1.65% |
| First Trust RBA American Industrial RenaissanceTM ETF | Nov 30, 2024 | 667,808 | 54.73M | 1.42% |
| Vanguard Extended Market Index Fund | Sep 30, 2024 | 661,938 | 54.25M | 1.40% |
| AB Cap Fd.-AB Small Cap Growth Port | Dec 31, 2024 | 656,831 | 53.83M | 1.39% |
| Invesco Discovery Fund | Nov 30, 2024 | 572,531 | 46.92M | 1.21% |
Article
An Investigation Has Commenced on Behalf of Construction Partners, Inc. Shareholders. Contact Levi & Korsinsky to Discuss your ROAD Losses.
NEW YORK, NY / ACCESS Newswire / February 10, 2025 / Levi & Korsinsky notifies investors that it has commenced an investigation of Construction Partners, Inc. ("Construction Partners, Inc.") (NASDAQ:ROAD) concerning possible violations of federal securities laws. On January 23, 2025, Spruce Point Capital Management published a report highlighting the increasing pressures faced by Construction Partners suggesting that the share price could have a 35-50% potential long-term downside risk.
Feb 10, 2025
Article
Bronstein, Gewirtz & Grossman, LLC Announces an Investigation Against Construction Partners, Inc. (ROAD) and Encourages Shareholders to Learn More About the Investigation
NEW YORK, NY / ACCESS Newswire / February 10, 2025 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Construction Partners, Inc. ("Construction Partners" or "the Company") (NASDAQ:ROAD). Investors who purchased Construction Partners securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/ROAD.
Feb 10, 2025
Article
ROAD STOCK ALERT: Levi & Korsinsky Notifies Construction Partners, Inc. Investors of an Ongoing Investigation
NEW YORK, NY / ACCESS Newswire / February 9, 2025 / Levi & Korsinsky notifies investors that it has commenced an investigation of Construction Partners, Inc. ("Construction Partners, Inc.") (NASDAQ:ROAD) concerning possible violations of federal securities laws. On January 23, 2025, Spruce Point Capital Management published a report highlighting the increasing pressures faced by Construction Partners suggesting that the share price could have a 35-50% potential long-term downside risk.
Feb 9, 2025
