CONSTRUCTION PARTNERS Report Record Earnings for FY2023 Q3, as of June 30 2023
August 22, 2023
🌥️Earnings Overview
Construction Partners ($NASDAQ:ROAD) released their financial information for the third quarter of the fiscal year 2023, which ended on June 30 2023, on August 2 2023. Total revenue for the quarter improved by 10.9%, reaching a total of USD 421.9 million, while net income rose by 78.1%, amounting to USD 21.7 million.
Share Price
On Wednesday, CONSTRUCTION PARTNERS reported record earnings for the third quarter of FY2023, as of June 30 2023. The company’s stock opened at $29.6 and closed at $32.9, soaring by 11.4% from the previous closing price of 29.5. This impressive performance by CONSTRUCTION PARTNERS is indicative of the company’s steady growth in the past few quarters and further demonstrates its commitment to providing superior services to its clients across the nation. CONSTRUCTION PARTNERS attributed their success to their strategic investments in technology, which has enabled them to deliver more efficient and cost-effective services to their clients.
These record-high earnings demonstrate just how vital CONSTRUCTION PARTNERS is in the construction industry. The company’s continued success shows that it is in a great position to remain a top player in the industry for many years to come. Investors are sure to benefit from the company’s steady growth and increasing profitability. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Construction Partners. More…
| Total Revenues | Net Income | Net Margin |
| 1.48k | 31.2 | 1.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Construction Partners. More…
| Operations | Investing | Financing |
| 120.76 | -157.36 | 65.36 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Construction Partners. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.18k | 702.74 | 9.12 |
Key Ratios Snapshot
Some of the financial key ratios for Construction Partners are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 22.9% | -0.6% | 4.0% |
| FCF Margin | ROE | ROA |
| 1.7% | 7.9% | 3.1% |
Analysis
GoodWhale’s analysis of CONSTRUCTION PARTNERS reveals a high Health score of 8/10, indicating the company is capable of riding out most crises without the risk of bankruptcy. According to GoodWhale’s Star Chart, CONSTRUCTION PARTNERS is classified as a ‘cheetah’, a type of company that has achieved considerable revenue or earnings growth but is considered less stable due to lower profitability. The company is strong in terms of growth, medium in its assets, profitability and weak in dividends. These results indicate that CONSTRUCTION PARTNERS may be an attractive option for investors looking for a higher risk/reward ratio. For example, investors who are comfortable with higher levels of risk and are comfortable with fluctuations in returns may find this company to be an attractive option. Additionally, investors who prefer a higher rate of return than the average may also be drawn to this type of company. More…
Peers
The company has been in business for over 20 years and has a solid reputation in the industry. Construction Partners Inc. is headquartered in the United States and has operations in Canada, Europe, and Asia. The company’s competitors include Tan Ky Construction And Real Estate Trading Corp, Chiangmai Rimdoi PCL, Hebei Construction Group Corp Ltd, and other smaller construction companies.
– Tan Ky Construction And Real Estate Trading Corp ($HNX:TKC)
Chiangmai Rimdoi PCL is a Thailand-based company engaged in the production and distribution of animal feed products. The Company’s products include pig feed, chicken feed, shrimp feed and fish feed. It also provides services for the farming of pigs, chickens, shrimp and fish.
– Chiangmai Rimdoi PCL ($SET:CRD)
Hebei Construction Group Corp Ltd is a Chinese state-owned enterprise that engages in the design, construction, and operation of infrastructure projects. The company has a market cap of 1.22B as of 2022 and a Return on Equity of -2.48%. Hebei Construction Group Corp Ltd is involved in the construction of highways, railways, bridges, tunnels, airports, and other infrastructure projects.
Summary
Investors in CONSTRUCTION PARTNERS have been rewarded with a strong financial performance in the third quarter of 2023. Total revenue increased 10.9% to USD 421.9 million, while net income jumped 78.1% to USD 21.7 million. This surge in profits has been reflected in the company’s stock price, which moved up on the news of the earnings release. Overall, this has been a strong quarter for CONSTRUCTION PARTNERS and investors should keep a close eye on the company’s future performance.
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