ROAD Stock Gains on Lone Star Paving Acquisition Agreement [Yahoo! Finance]
Construction Partners, Inc. (ROAD)
Last construction partners, inc. earnings: 2/7 07:00 am
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Source: Yahoo! Finance
Based in Austin, TX, Lone Star focuses on asphalt manufacturing and paving. The company operates in high-growth markets with 10 hot-mix asphalt plants, four aggregate facilities and one liquid asphalt terminal across central Texas. This acquisition is expected to enhance Construction Partners' earnings and contribute $530 million in revenues and $120 million in Adjusted EBITDA for fiscal 2025. ROAD's shares rose 13.4% during the trading session on Oct. 21, 2024. Details of the Acquisition Agreement Per the deal, CPI will acquire all outstanding membership units of Lone Star for $654 million in cash and 3 million shares of its Class A common stock. The company will also pay the sellers an amount equal to Lone Star's working capital at the closing in four quarterly installments. It will also purchase an entity holding certain real property for $30 million in cash once specific governmental approvals are received. ROAD plans to finance the cash portion through debt financing. T
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ROAD
News
- Construction Partners (NASDAQ:ROAD) Reports Q3 In Line With Expectations, Full-Year Outlook Slightly Exceeds Expectations [Yahoo! Finance]Yahoo! Finance
- Construction Partners, Inc. Announces Fiscal 2024 Fourth Quarter and Full Year ResultsPR Newswire
- What To Expect From Construction Partners Inc (ROAD) Q4 2024 Earnings [Yahoo! Finance]Yahoo! Finance
- Two Reasons to Like ROAD and One to Stay Skeptical [Yahoo! Finance]Yahoo! Finance
- Construction Partners, Inc. Announces Schedule for Fiscal 2024 Fourth Quarter and Full Year Earnings Release and Conference Call [Yahoo! Finance]Yahoo! Finance
ROAD
Earnings
- 11/21/24 - Miss
ROAD
Sec Filings
- 11/21/24 - Form 8-K
- 11/20/24 - Form 4
- 11/20/24 - Form 4
- ROAD's page on the SEC website