{"id":872487,"date":"2025-08-07T07:41:31","date_gmt":"2025-08-07T11:41:31","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/construction-partners-inc-announces-fiscal-2025-third-quarter-results\/"},"modified":"2025-08-07T07:41:31","modified_gmt":"2025-08-07T11:41:31","slug":"construction-partners-inc-announces-fiscal-2025-third-quarter-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/construction-partners-inc-announces-fiscal-2025-third-quarter-results\/","title":{"rendered":"Construction Partners, Inc. Announces Fiscal 2025 Third Quarter Results"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n Revenue Up 51% Compared to Q3 FY24<\/i>\n <\/p>\n

\n Adjusted EBITDA Up 80% Compared to Q3 FY24<\/i>\n <\/p>\n

\n Record Backlog of $2.94 Billion<\/span><\/i>\n <\/p>\n

\n Company Maintains FY25 Outlook<\/i>\n <\/p>\n

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\n DOTHAN, Ala.<\/span>
\n <\/span>, Aug. 7, 2025<\/span><\/span> \/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 June 30, 2025<\/span>.<\/p>\n

\n Fred J. (Jule) Smith, III<\/span>, the Company’s President and Chief Executive Officer, said, “We are pleased to report strong performance and excellent year-over-year growth across our key financial metrics this quarter. Despite persistent weather-related delays, including record or near-record rainfall across many of our Sunbelt markets, our teams executed with discipline and delivered robust operational results, generating significant cash flow from operations and driving a record high Adjusted EBITDA margin(1)<\/sup> of 16.9%. In the Southeast alone, May marked the second-wettest month on record, leading to project delays and impacting fixed asset cost recoveries. Our family of companies, now more than 6,200 employees in eight states, worked through these challenges with resilience and operational excellence, while also building a record project backlog of $2.94 billion<\/span>. CPI remains well-positioned for continued success as we move through the busy construction season to close out our fiscal year and build out this record backlog.”<\/p>\n

Smith continued, “Earlier this week, we announced our acquisition of Durwood Greene Construction Co., adding its nearly 200 employees to the CPI family of companies in the greater Houston<\/span> metropolitan area as a subsidiary of our Texas<\/span> platform company, Lone Star Paving. As a third-generation family business, Durwood Greene<\/span> has earned its reputation as a well-respected market leader in Houston<\/span>, the fifth largest and one of the fastest-growing metro areas in the nation. Led by knowledgeable and experienced industry veterans, the company operates three hot-mix asphalt plants and a rail-served aggregates terminal. We expect Durwood Greene<\/span> to continue its legacy of operational excellence and to benefit from vertical integration opportunities as part of CPI. We are excited to expand our Texas<\/span> footprint and continue to see strong economic growth, favorable demographic trends, well-funded transportation program and additional opportunities for acquisitive and organic growth in the State of Texas<\/span>.”<\/p>\n

Revenues were $779.3 million<\/span> in the third quarter of fiscal 2025, an increase of 51% compared to $517.8 million<\/span> in the same quarter last year. The $261.5 million<\/span> revenue increase included $235.7 million<\/span> attributable to acquisitions completed during or subsequent to the three months ended June 30, 2024<\/span>, and $25.8 million<\/span> in the Company’s existing markets. The mix of total revenue growth for the quarter was approximately 5% organic and approximately 46% from recent acquisitions.<\/p>\n

Gross profit was $131.8 million<\/span> in the third quarter of fiscal 2025, compared to $83.5 million<\/span> in the same quarter last year.<\/p>\n

General and administrative expenses were $51.0 million<\/span> in the third quarter of fiscal 2025, compared to $38.0 million<\/span> in the same quarter last year, and as a percentage of total revenues, decreased 70 basis points to 6.6%, compared to 7.3% in the same quarter last year.<\/p>\n

Net income was $44.0 million<\/span> in the third quarter of fiscal 2025, or $0.79<\/span> per diluted share, compared to net income of $30.9 million<\/span>, or $0.59<\/span> per diluted share, in the same quarter last year.<\/p>\n

Adjusted net income(1)<\/sup> in the third quarter was $45.2 million<\/span>, or $0.81<\/span> per diluted share, compared to $30.9 million<\/span>, or $0.59<\/span> per diluted share, for the same quarter last year.\u00a0<\/p>\n

Adjusted EBITDA(1)<\/sup> in the third quarter of fiscal 2025 was $131.7 million<\/span>, an increase of 80% compared to $73.2 million<\/span> in the same quarter last year. Adjusted EBITDA margin(1)<\/sup> in the third quarter of fiscal 2025 was 16.9%, compared to 14.1% in the same quarter last year.<\/p>\n

Project backlog was a record $2.94 billion<\/span> at June 30, 2025<\/span>, compared to $1.86 billion<\/span> at June 30, 2024<\/span> and $2.84 billion<\/span> at March 31, 2025<\/span>.<\/p>\n

Smith added, “Reflecting the expected contribution of the newly acquired Durwood Greene<\/span> and the third quarter weather-related headwinds, we are maintaining our fiscal 2025 outlook ranges. We continue to see customer demand for both publicly funded and commercial project work throughout our well-funded and growing Sunbelt states, and we remain focused on delivering long-term value to our investors and other stakeholders.”<\/p>\n

\n Fiscal 2025 Outlook<\/b>\n <\/p>\n

The Company is maintaining its outlook ranges for fiscal 2025 with regard to revenue, net income, Adjusted net income, Adjusted EBITDA and Adjusted EBITDA margin as follows:<\/p>\n