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Construction Partners (ROAD) Upgraded to Buy: What Does It Mean for the Stock?
ZACKS· 2025-02-11 18:01
Construction Partners (ROAD) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.Indi ...
struction Partners(ROAD) - 2025 Q1 - Quarterly Report
2025-02-07 21:18
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38479 Construction Partners, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 26-0758017 ...
struction Partners(ROAD) - 2025 Q1 - Earnings Call Transcript
2025-02-07 17:19
Construction Partners, Inc. (NASDAQ:ROAD) Q1 2025 Earnings Conference Call February 7, 2025 10:00 AM ET Company Participants Rick Black - Investor Relations Jule Smith - Chief Executive Officer Greg Hoffman - Chief Financial Officer Ned Fleming - Executive Chairman Conference Call Participants Andy Wittmann - Robert W. Baird Kathryn Thompson - Thompson Research Group Tyler Brown - Raymond James Adam Thalhimer - Thompson Davis & Co. Michael Feniger - Bank of America Jean Ramirez - D.A. Davidson Operator As a ...
Construction Partners (ROAD) Beats Q1 Earnings and Revenue Estimates
ZACKS· 2025-02-07 14:11
Construction Partners (ROAD) came out with quarterly earnings of $0.25 per share, beating the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.19 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 78.57%. A quarter ago, it was expected that this road and highway construction company would post earnings of $0.57 per share when it actually produced earnings of $0.58, delivering a surprise of 1.75%.Over t ...
struction Partners(ROAD) - 2025 Q1 - Quarterly Results
2025-02-07 13:15
Exhibit 99.1 NEWS RELEASE Construction Partners, Inc. Announces Fiscal 2025 First Quarter Results Revenue Up 42% Compared to Q1 FY24 Adjusted Net Income Up 35% Compared to Q1 FY24 Adjusted EBITDA Up 68% Compared to Q1 FY24 Record Backlog of $2.66 Billion DOTHAN, AL, February 7, 2025 – 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, to ...
NEVADA KING RECEIVES APPROVAL FROM BUREAU OF LAND MANAGEMENT FOR 47 ADDITIONAL DRILL PADS AND NEW ROAD CONSTRUCTION AS PART OF ITS PHASE III DRILL PROGRAM AT ATLANTA
Prnewswire· 2025-02-06 11:30
Core Viewpoint - Nevada King Gold Corp. has received a Finding of No Significant Impact (FONSI) from the Bureau of Land Management (BLM) and approval from the State of Nevada for a minor modification to its existing Plan of Operations at the Atlanta Gold Mine Project, allowing for additional drilling and road construction [1][4]. Summary by Relevant Sections Company Operations - The approved modification allows for 47 additional drill sites and 1.9 km of new drill road construction throughout the Atlanta District [6]. - As of February 3, 2025, 650 meters of new roads along the South Quartzite Ridge Target (SQRT) have been completed [6]. - The current drilling program, initiated on October 16, 2024, has completed 11,870 meters covering 49 holes out of a planned 20,000 meters of reverse circulation drilling [6]. Exploration and Resource Potential - The new modification enhances access to the southern half of the SQRT and the Silver Park region, enabling closer spacing of existing holes and following structural trends identified in CSAMT data [4]. - The drilling aims to expand mineralization southward from the resource zone and identify new satellite deposits within the Atlanta District [6]. - The Atlanta Gold Mine project hosts an NI 43-101 compliant pit-constrained oxide resource of 460,000 ounces of gold in the measured and indicated category, along with an inferred resource of 142,000 ounces [9][10]. Technical Details - The QA/QC protocols for the Atlanta Project involve splitting RC samples at the drill site and maintaining full custody during transport to American Assay Lab in Reno, Nevada [5]. - The laboratory processes include a four acid + boric acid digestion and conventional multi-element ICP-OES analysis, with gold assays conducted using a lead fire assay method [7].
Earnings Preview: Construction Partners (ROAD) Q1 Earnings Expected to Decline
ZACKS· 2025-01-31 16:01
The market expects Construction Partners (ROAD) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on February 7, 2025, might help the stock move higher if these key ...
HDLMY or ROAD: Which Is the Better Value Stock Right Now?
ZACKS· 2025-01-07 17:57
Investors with an interest in Building Products - Miscellaneous stocks have likely encountered both Heidelberg Materials AG Unsponsored ADR (HDLMY) and Construction Partners (ROAD) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive estimate rev ...
ROAD Stock Gains on Overland Acquisition, Expanding Into Eighth State
ZACKS· 2025-01-06 15:21
Acquisition and Expansion Strategy - Construction Partners Inc (ROAD) acquired Overland Corporation, an asphalt manufacturing and paving company based in Ardmore, OK, adding eight hot-mix asphalt plants to its operations [1] - The acquisition marks ROAD's entry into its eighth state and strengthens its presence in Oklahoma and northern Texas, driven by the expansion of the Dallas metro area [2] - ROAD plans to support Overland in pursuing organic and acquisitive growth opportunities, aligning with its strategy to reduce the leverage ratio to approximately 2.5x in the next four to six quarters [3] - ROAD completed the acquisition of Lone Star Paving, adding 10 hot mix asphalt plants, four aggregate facilities, and one liquid asphalt terminal, boosting its Texas footprint and project pipeline [4][5] - In fiscal 2024, ROAD completed eight acquisitions worth approximately $231.7 million across four states, adding 11 asphalt plants and expanding its operations in Alabama, Georgia, North Carolina, and South Carolina [6] Financial Performance and Market Position - ROAD's shares surged 70.1% in the past six months, significantly outperforming the Zacks Building Products - Miscellaneous industry's 5.9% growth [8] - The company currently holds a Zacks Rank 1 (Strong Buy), reflecting strong market confidence [9] Peer Performance in the Sector - Sterling Infrastructure Inc (STRL) delivered a trailing four-quarter earnings surprise of 21.5% on average, with shares gaining 57% in the past six months The Zacks Consensus Estimate for STRL's 2025 sales and EPS implies increases of 7.3% and 8.1%, respectively [10] - Weyerhaeuser Company (WY) delivered a trailing four-quarter earnings surprise of 41.6% on average, with shares rallying 2.8% in the past six months The consensus estimate for WY's 2025 sales and EPS indicates increases of 7.9% and 72.8%, respectively [11] - MasTec Inc (MTZ) delivered a trailing four-quarter earnings surprise of 40.2% on average, with shares gaining 43.4% in the past six months The Zacks Consensus Estimate for MTZ's 2025 sales and EPS indicates increases of 8.8% and 43.4%, respectively [11]
Construction Partners, Inc. Acquires Platform Company in Oklahoma
Prnewswire· 2025-01-03 14:00
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 p ...