Construction Partners (ROAD) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- 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 t ...

Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. But finding a growth stock that can live up to its true potential can be a tough task.By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.However, the Zacks Growth Style Score (part of the Zacks Style Scores ...

Have you been paying attention to shares of Construction Partners (ROAD) ? Shares have been on the move with the stock up 29% over the past month. The stock hit a new 52-week high of $103.24 in the previous session. Construction Partners has gained 133.5% since the start of the year compared to the 29.5% move for the Zacks Construction sector and the 28.2% return for the Zacks Building Products - Miscellaneous industry.What's Driving the Outperformance?The stock has a great record of positive earnings surpr ...

Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. But finding a growth stock that can live up to its true potential can be a tough task.In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.However, the task of finding cutting-edge growth stocks is made easy wit ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 30, 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 26-0758017 (I.R.S. Employer Identification Number) (Exact name of registrant as specified in its charter) Delaware ...

Financial Data and Key Metrics Changes - The company reported a revenue growth of 17% for fiscal year 2024, reaching $1.82 billion, with net income increasing by 41% to $68.9 million [7][25][26] - Adjusted EBITDA grew by 28% to $220.6 million, with an EBITDA margin of 12.1%, up from 11% in the previous year [7][26][27] - Cash flow from operations was $209 million, compared to $157 million in fiscal 2023 [9][31] Business Line Data and Key Metrics Changes - The revenue mix for the year included 7% organic growth and 10% from recent acquisitions [25] - Gross profit increased by approximately 32% to $258.3 million, with a gross profit margin of 14.2%, up from 12.6% [25][26] Market Data and Key Metrics Changes - The company reported a record project backlog of $1.96 billion, marking 16 consecutive quarters of backlog growth [17][27] - The demand environment remains robust in both commercial and public markets, with ongoing infrastructure funding from the IIJA [17][18][22] Company Strategy and Development Direction - The company aims to continue strategic acquisitions to expand market share and enhance operational excellence, with a focus on organic growth following acquisitions [15][23] - The acquisition of Lone Star Paving is expected to accelerate progress toward the company's roadmap 2027 goals by two years, with a focus on margin expansion [11][14][30] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ongoing demand for infrastructure projects, particularly in Texas, which benefits from significant federal and state funding [19][21][49] - The company anticipates continued growth in fiscal 2025, with revenue guidance between $2.48 billion and $2.58 billion, and net income guidance between $97 million and $113 million [32][33] Other Important Information - The company completed eight acquisitions in fiscal 2024, expanding its geographic footprint and market share [9] - The company has an interest-rate swap agreement that fixes SOFR at 1.85%, resulting in a 3.1% interest rate on $300 million of term debt [30] Q&A Session Summary Question: Can you bridge the gap of how much of the margin progression is from Lone Star versus organic growth? - Management indicated that even without Lone Star, the company expected to achieve 50 to 60 basis points of margin expansion due to backlog and operational improvements [37][38] Question: Any thoughts on the perspective of TxDOT and visibility for revenues and top line growth? - Management highlighted that Texas receives a significant portion of federal funding and has created supplemental programs to enhance infrastructure spending, which will benefit growth opportunities [49][54] Question: Can you provide any EBITDA parameters for Q1? - Management noted that the guidance would reflect 11 months of EBITDA from Lone Star, with a typical seasonal distribution of 30% in the first half and 70% in the second half of the year [62] Question: Thoughts on cash from operations in '25 and proceeds from asset sales? - Management expects to convert EBITDA to cash flow from operations in the 85% to 90% range for 2025, with asset sales trending down due to improved supply chain conditions [65][66] Question: How much of the backlog is from Lone Star? - Management clarified that the reported backlog of $1.96 billion does not include Lone Star, as they joined on November 1, and their backlog will be included in the next quarter [73]

Exhibit 2.1 Execution Version UNIT PURCHASE AGREEMENT BY AND AMONG JOHN J. WHEELER, (as a Seller and in his capacity as the Sellers' Representative hereunder) AARON CABAZA, PATRICK WHEELER HERITAGE TRUST, TYLER WHEELER HERITAGE TRUST, NOLAN WHEELER HERITAGE TRUST, KAITLIN WHEELER HERITAGE TRUST, ASPHALT INC. EMPLOYEE INVESTMENTS, LLC, ASPHALT INC., LLC, AND CONSTRUCTION PARTNERS, INC. DATED AS OF OCTOBER 20, 2024 | TABLE OF CONTENTS Page | --- | --- | |--------------|---------------------------------------- ...

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Construction Partners, Inc. (ROAD) shares rallied 13.4% in the last trading session to close at $84.70. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 3% gain over the past four weeks.The upside can be attributed to the company’s announcement to acquire Asphalt Inc., LLC. ROAD recently entered a deal to acquire Asphalt Inc., LLC doing business as Lone Star Paving, a vertically integrated asphalt manufacturin ...

Construction Partners, Inc. (ROAD) or CPI, entered into a definitive agreement to acquire Asphalt Inc., LLC, doing business as Lone Star Paving. Based in Austin, TX, Lone Star focuses on asphalt manufacturing and paving. The company operates in high-growth markets with 10 hot-mix asphalt plants, four aggregate facilities and one liquid asphalt terminal across central Texas.This acquisition is expected to enhance Construction Partners' earnings and contribute $530 million in revenues and $120 million in Adju ...