Construction Partners, Inc., a civil infrastructure company, engages in the construction and maintenance of roadways across Alabama, Florida, Georgia, North Carolina, and South Carolina. The company, through its subsidiaries, provides various products and services to public and private infrastructure projects, with a focus on 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; paving activities, including the construction of roadway base layers and application of asphalt pavement; site development, including the installation of utility and drainage systems; mining aggregates, such as sand and gravel 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 founded in 2001 and is headquartered in Dothan, Alabama.
IPO Year: 2018
Exchange: NASDAQ
Website: constructionpartners.net
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/28/2024 | $59.00 | Buy → Neutral | Sidoti |
| 2/12/2024 | $46.00 → $50.00 | Outperform → Neutral | Robert W. Baird |
| 8/19/2022 | $25.00 → $35.00 | Strong Buy | Raymond James |
| 6/1/2022 | Buy | Sidoti | |
| 5/11/2022 | $30.00 → $25.00 | Outperform → Strong Buy | Raymond James |
| 1/18/2022 | $35.00 → $30.00 | Outperform | raymond james |
| 1/7/2022 | $40.00 → $34.00 | Neutral → Buy | BofA Securities |
| 11/19/2021 | $37.00 → $43.00 | Buy → Neutral | B of A Securities |
Revenue Up 54% Compared to Q2 FY24 Net Income of $4.2 Million & EPS of $0.08 Adjusted EBITDA Up 135% Compared to Q2 FY24 Record Backlog of $2.84 Billion Company Raises FY25 Outlook DOTHAN, Ala., May 9, 2025 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ:ROAD) ("CPI," the "Company," "we," "our" or "us"), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways in local markets throughout the Sunbelt, today reported financial and operating results for the fiscal quarter ended March 31, 2025. Fred J. (Jule) Smith, III, the Company's President and Chief Executive Officer, said, "We are pleased to report a strong second quarter mark
Company Expands Infrastructure Business in Tennessee with Experienced Management Team Adds Hot-Mix Asphalt Plant and Specialized Pavement Preservation Business DOTHAN, Ala., May 1, 2025 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ:ROAD) ("CPI" or the "Company"), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways in local markets across the Sunbelt, today announced that it has acquired PRI of East Tennessee, Inc., an asphalt manufacturing and construction business headquartered in Knoxville, Tennessee, and Pavement Restorations, Inc., a pavement preservation business headquartered in Milan, Tennessee (collectively, "PRI").
DOTHAN, Ala., April 16, 2025 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ:ROAD) (the "Company"), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways in local markets throughout the Sunbelt, today announced that it will release its fiscal 2025 second quarter results on May 9, 2025, before the market opens. In addition, the Company has scheduled a conference call to discuss its results at 10:00 a.m. Eastern Time (9:00 a.m. Central Time) on that date. The conference call may be accessed by phone or webcast, as follows: By Phone: Dial (412) 902-0003 at least 10 minutes before the call. A replay will be available through M
DOTHAN, Ala., Feb. 26, 2025 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ:ROAD) (the "Company"), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways in local markets throughout the Sunbelt, today announced that members of the Company's management team are scheduled to meet with investors at the Raymond James Institutional Investors Conference on March 3 and 4, 2025. The Company's "Fire Side Chat" discussion on March 3rd at 2:50 p.m. Eastern Time will be broadcast live over the internet and can be accessed via the Company's website at http://ir.constructionpartners.net/events-and-presentations. About Construction Partners, I
Revenue Up 42% Compared to Q1 FY24Adjusted Net Income Up 35% Compared to Q1 FY24Adjusted EBITDA Up 68% Compared to Q1 FY24Record Backlog of $2.66 BillionCompany Raises FY25 Outlook DOTHAN, Ala., Feb. 7, 2025 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ:ROAD) ("CPI" or the "Company"), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways in local markets throughout the Sunbelt, today reported financial and operating results for the fiscal quarter ended December 31, 2024. Fred J. (Jule) Smith, III, the Company's President and Chief Executive Officer, said, "Today we are reporting strong first quarter performance, with revenue
Transaction Adds Five Hot-Mix Asphalt Plants Serving Southwest Alabama DOTHAN, Ala., Feb. 3, 2025 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ:ROAD) (the "Company"), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways in local markets across the Sunbelt, today announced that it has acquired Mobile Asphalt Company LLC, an asphalt manufacturing and paving company headquartered near Mobile, Alabama. In connection with the transaction, the Company added five hot-mix asphalt plants and related crews and equipment serving the greater Mobile and southwestern Alabama market areas. Fred J. (Jule) Smith, III, the Company's President
NOTE TO EDITORS: The Following Is an Investment Opinion Issued by Spruce Point Capital Management Illustrates That ROAD's Business Is Facing Increased Pressures Resulting in Organic Revenue Growth Failures, Weakening Backlog Quality, Return on Capital and Free Cash Flow Conversion Provides Evidence from Freedom of Information Act Requests That Contracts Awarded from ROAD's Largest Customer – the Florida Dept. of Transportation – Appear to Have Declined by Approximately 22% In 2024 Provides Evidence That ROAD's Recently Completed Acquisition Expansion into Texas of Lone Star Paving Is Not Nearly as Strong as Portrayed Believes That ROAD's Valuation Is Excessive from Enterprise Value
DOTHAN, Ala., Jan. 16, 2025 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ:ROAD) (the "Company"), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways in local markets throughout the Sunbelt, today announced that it will release its fiscal 2025 first quarter results on February 7, 2025, before the market opens. In addition, the Company has scheduled a conference call to discuss its results at 10:00 a.m. Eastern Time (9:00 a.m. Central Time) on that date. The conference call may be accessed by phone or webcast, as follows: By Phone: Dial (412) 902-0003 at least 10 minutes before the call. A replay will be available through
Transaction Adds Eight Hot-Mix Asphalt Plants Serving Oklahoma and Northern Texas DOTHAN, Ala., Jan. 3, 2025 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ:ROAD) ("CPI"), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways in local markets across the Sunbelt, today announced that it has acquired Overland Corporation ("Overland"), an asphalt manufacturing and paving company headquartered in Ardmore, Oklahoma. From its eight hot-mix asphalt plants, Overland provides paving services throughout southern and western Oklahoma and northern Texas on a variety of public, commercial and residential projects. Fred J. (Jule) Smith, II
Revenue Up 17% Compared to FY23Net Income Up 41% Compared to FY23Adjusted EBITDA Up 28% Compared to FY23Record Backlog of $1.96 Billion DOTHAN, Ala., Nov. 21, 2024 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ:ROAD) ("CPI" or the "Company"), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways in local markets throughout the Sunbelt, today reported financial and operating results for the fiscal quarter and year ended September 30, 2024. Fred J. (Jule) Smith, III, the Company's President and Chief Executive Officer, said, "We are pleased to report significant growth in fiscal year 2024, led by the strong operational performan
10-Q - Construction Partners, Inc. (0001718227) (Filer)
8-K - Construction Partners, Inc. (0001718227) (Filer)
8-K - Construction Partners, Inc. (0001718227) (Filer)
8-K - Construction Partners, Inc. (0001718227) (Filer)
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10-Q - Construction Partners, Inc. (0001718227) (Filer)
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8-K - Construction Partners, Inc. (0001718227) (Filer)
SCHEDULE 13G/A - Construction Partners, Inc. (0001718227) (Subject)
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Company Introduces Fiscal 2024 Outlook Hosts Analyst Day in New York City DOTHAN, Ala., Oct. 4, 2023 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ:ROAD) ("CPI" or the "Company"), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways across six southeastern states, today announced preliminary financial results for fiscal year 2023 and has introduced fiscal year 2024 outlook ranges that will be discussed during today's Analyst Day event in New York City. Fred J. (Jule) Smith, III, the Company's President and Chief Executive Officer, said, "We finished our fiscal year last week with strong operational performance across our foot
Sidoti downgraded Construction Partners from Buy to Neutral and set a new price target of $59.00
Robert W. Baird downgraded Construction Partners from Outperform to Neutral and set a new price target of $50.00 from $46.00 previously
Raymond James resumed coverage of Construction Partners with a rating of Strong Buy and set a new price target of $35.00 from $25.00 previously
Sidoti initiated coverage of Construction Partners with a rating of Buy
Raymond James upgraded Construction Partners from Outperform to Strong Buy and set a new price target of $25.00 from $30.00 previously
raymond james reiterated coverage of Construction Partners with a rating of Outperform and set a new price target of $30.00 from $35.00 previously
BofA Securities upgraded Construction Partners from Neutral to Buy and set a new price target of $34.00 from $40.00 previously
B of A Securities downgraded Construction Partners from Buy to Neutral and set a new price target of $43.00 from $37.00 previously
Raymond James reiterated coverage of Construction Partners with a rating of Outperform and set a new price target of $35.00 from $34.00 previously
Raymond James reiterated coverage of Construction Partners with a rating of Market Outperform and set a new price target of $35.00 from $34.00 previously
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Revenue Up 54% Compared to Q2 FY24 Net Income of $4.2 Million & EPS of $0.08 Adjusted EBITDA Up 135% Compared to Q2 FY24 Record Backlog of $2.84 Billion Company Raises FY25 Outlook DOTHAN, Ala., May 9, 2025 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ:ROAD) ("CPI," the "Company," "we," "our" or "us"), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways in local markets throughout the Sunbelt, today reported financial and operating results for the fiscal quarter ended March 31, 2025. Fred J. (Jule) Smith, III, the Company's President and Chief Executive Officer, said, "We are pleased to report a strong second quarter mark
Company Expands Infrastructure Business in Tennessee with Experienced Management Team Adds Hot-Mix Asphalt Plant and Specialized Pavement Preservation Business DOTHAN, Ala., May 1, 2025 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ:ROAD) ("CPI" or the "Company"), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways in local markets across the Sunbelt, today announced that it has acquired PRI of East Tennessee, Inc., an asphalt manufacturing and construction business headquartered in Knoxville, Tennessee, and Pavement Restorations, Inc., a pavement preservation business headquartered in Milan, Tennessee (collectively, "PRI").
DOTHAN, Ala., April 16, 2025 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ:ROAD) (the "Company"), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways in local markets throughout the Sunbelt, today announced that it will release its fiscal 2025 second quarter results on May 9, 2025, before the market opens. In addition, the Company has scheduled a conference call to discuss its results at 10:00 a.m. Eastern Time (9:00 a.m. Central Time) on that date. The conference call may be accessed by phone or webcast, as follows: By Phone: Dial (412) 902-0003 at least 10 minutes before the call. A replay will be available through M
Revenue Up 42% Compared to Q1 FY24Adjusted Net Income Up 35% Compared to Q1 FY24Adjusted EBITDA Up 68% Compared to Q1 FY24Record Backlog of $2.66 BillionCompany Raises FY25 Outlook DOTHAN, Ala., Feb. 7, 2025 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ:ROAD) ("CPI" or the "Company"), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways in local markets throughout the Sunbelt, today reported financial and operating results for the fiscal quarter ended December 31, 2024. Fred J. (Jule) Smith, III, the Company's President and Chief Executive Officer, said, "Today we are reporting strong first quarter performance, with revenue
DOTHAN, Ala., Jan. 16, 2025 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ:ROAD) (the "Company"), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways in local markets throughout the Sunbelt, today announced that it will release its fiscal 2025 first quarter results on February 7, 2025, before the market opens. In addition, the Company has scheduled a conference call to discuss its results at 10:00 a.m. Eastern Time (9:00 a.m. Central Time) on that date. The conference call may be accessed by phone or webcast, as follows: By Phone: Dial (412) 902-0003 at least 10 minutes before the call. A replay will be available through
Transaction Adds Eight Hot-Mix Asphalt Plants Serving Oklahoma and Northern Texas DOTHAN, Ala., Jan. 3, 2025 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ:ROAD) ("CPI"), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways in local markets across the Sunbelt, today announced that it has acquired Overland Corporation ("Overland"), an asphalt manufacturing and paving company headquartered in Ardmore, Oklahoma. From its eight hot-mix asphalt plants, Overland provides paving services throughout southern and western Oklahoma and northern Texas on a variety of public, commercial and residential projects. Fred J. (Jule) Smith, II
Revenue Up 17% Compared to FY23Net Income Up 41% Compared to FY23Adjusted EBITDA Up 28% Compared to FY23Record Backlog of $1.96 Billion DOTHAN, Ala., Nov. 21, 2024 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ:ROAD) ("CPI" or the "Company"), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways in local markets throughout the Sunbelt, today reported financial and operating results for the fiscal quarter and year ended September 30, 2024. Fred J. (Jule) Smith, III, the Company's President and Chief Executive Officer, said, "We are pleased to report significant growth in fiscal year 2024, led by the strong operational performan
DOTHAN, Ala., Nov. 14, 2024 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ:ROAD) (the "Company"), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways in local markets throughout the Sunbelt today announced that it will release its fiscal 2024 fourth quarter and full year results on November 21, 2024, before the market opens. In addition, the Company has scheduled a conference call to discuss its results at 10:00 a.m. Eastern Time (9:00 a.m. Central Time) on that date. The conference call may be accessed by phone or webcast, as follows: By Phone: Dial (412) 902-0003 at least 10 minutes before the call. A replay will b
DOTHAN, Ala., Oct. 21, 2024 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ:ROAD) ("CPI" or the "Company"), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways across six southeastern states, today announced preliminary financial results for fiscal year 2024 and introduced fiscal year 2025 outlook ranges. Fred J. (Jule) Smith, III, the Company's President and Chief Executive Officer, said, "Today we are announcing our preliminary fiscal 2024 financial results, reflecting a record fourth quarter despite the significant impacts of Hurricanes Debby, Francine, and Helene in August and September. We are pleased with our family of
CPI to Acquire Lone Star Paving in Austin, Texas for $654 Million in Cash and 3 Million Shares Transaction to be Immediately Accretive to Earnings upon Closing Expected in Q1FY25 Transformational Transaction Expected to Significantly Accelerate CPI's ROAD-Map 2027 Goals Transaction Adds 10 Hot-Mix Asphalt Plants, Four Aggregate Facilities, and One Liquid Asphalt Terminal CPI to Host Conference Call Today at 9:00 AM Eastern DOTHAN, Ala., Oct. 21, 2024 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ:ROAD) ("CPI"), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways across six southeastern states, today announced that it has ent