Why Shares of Construction Partners Are Falling Today [The Motley Fool]
Construction Partners, Inc. (ROAD)
Last construction partners, inc. earnings: 2/7 07:00 am
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Source: The Motley Fool
Why Shares of Construction Partners Are Falling Today The company missed on quarterly results and reported a shrinking backlog. Shares of Construction Partners ( NASDAQ:ROAD ) fell more than 18% on Tuesday morning after the infrastructure company reported fiscal fourth-quarter results that came in below expectations. Local road repair and maintenance projects are struggling to carry the load at Construction Partners, but the company does have high hopes for its new fiscal year. Construction Partners after markets closed Monday reported fiscal fourth-quarter earnings of $0.32 per share on revenue of $237.32 million, falling short of analyst expectations for $0.34 per share in earnings on revenue of $248 million. For the full fiscal year, the company reported a gross profit of $118 million, up 18% year over year, on revenue of $783.2 million, up 15.2%. The revenue shortfall was an unexpected disappointment for investors, as was Construction Partners' project backlog of $531.1 million,
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News
- Construction Partners' Q4 Earnings Beat Estimates, FY'25 View Up [Yahoo! Finance]Yahoo! Finance
- Construction Partners Inc (ROAD) Q4 2024 Earnings Call Highlights: Record Revenue and Strategic ... [Yahoo! Finance]Yahoo! Finance
- 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
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