Construction Partners Full Year 2024 Earnings: EPS Misses Expectations

Construction Partners (NASDAQ:ROAD) Full Year 2024 Results

Key Financial Results

• Revenue: US$1.82b (up 17% from FY 2023).
• Net income: US$68.9m (up 41% from FY 2023).
• Profit margin: 3.8% (up from 3.1% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: US$1.33 (up from US$0.94 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Construction Partners EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.5%.

In the last 12 months, the only revenue segment was Heavy Construction contributing US$1.82b. Notably, cost of sales worth US$1.57b amounted to 86% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$151.5m (80% of total expenses). Explore how ROAD's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 8.4% growth forecast for the Construction industry in the US.

Performance of the American Construction industry.

The company's shares are up 13% from a week ago.

Valuation

Our analysis of Construction Partners based on 6 different valuation metrics shows it might be overvalued. To access our thorough examination of analyst consensus click here and discover the expected future direction of the company.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.