Construction Partners, Inc. (NASDAQ:ROAD) Q2 2022 Earnings Conference Call May 6, 2022 10:30 AM ET Company Participants Rick Black - Investor Relations Jule Smith - Chief Executive Officer Alan Palmer - Chief Financial Officer Ned Fleming - Executive Chairman Conference Call Participants Andy Wittmann - Baird Stanley Elliott - Stifel Josh Wilson - Raymond James Adam Thalhimer - Thompson Davis Brent Thielman - D.A. Davidson Operator Greetings and welcome to the Construction Partners, Inc. Second Quarter Earn ...

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 March 31, 2022 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 (S ...

Construction Partners, Inc. (NASDAQ:ROAD) Q1 2022 Earnings Conference Call February 4, 2022 10:00 AM ET Company Participants Rick Black - Investor Relations Jule Smith - Chief Executive Officer Alan Palmer - Chief Financial Officer Ned Fleming - Executive Chairman Conference Call Participants Josh Wilson - Raymond James Stanley Elliott - Stifel Adam Thalhimer - Thompson Davis Michael Feniger - Bank of America Justin Hauke - Baird Brent Thielman - D.A. Davidson Disclaimer*: This transcript is designed to be ...

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, 2021 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 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (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, 2021 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 (State or Oth ...

Construction Partners, Inc. (NASDAQ:ROAD) Q4 2021 Earnings Conference Call November 23, 2021 10:00 AM ET Company Participants Rick Black - Investor Relations Jule Smith - Chief Executive Officer Alan Palmer - Chief Financial Officer Ned Fleming - Executive Chairman Conference Call Participants Stanley Elliott - Stifel Andy Wittmann - Baird Adam Thalhimer - Thompson Davis Zane Karimi - D.A. Davidson Operator Greetings. And welcome to the Construction Partners Inc. Fourth Quarter Earnings Conference Call. At ...

August 6, 2021 Construction Partners, Inc. Announces Fiscal 2021 Third Quarter Results Company Reports Record Backlog of $823 Million Company Revises FY 2021 Outlook Ranges DOTHAN, Ala., Aug. 6, 2021 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ: ROAD) ("CPI" or the "Company"), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways across five southeastern states, today reported financial and operating results for the fiscal quarter ended June ...

Financial Data and Key Metrics Changes - The company reported revenue of $261.7 million for the third fiscal quarter of 2021, representing a year-over-year increase of 20.6% [21] - Net income decreased to $9.3 million compared to $15.7 million in the same quarter last year [23] - Adjusted EBITDA for the third fiscal quarter was $29 million, down from $32 million in the previous year [23] - The company revised its fiscal year 2021 outlook, expecting revenue in the range of $940 million to $960 million, adjusted net income between $36.9 million to $38.4 million, and adjusted EBITDA between $105 million to $108.3 million [26] Business Line Data and Key Metrics Changes - The company experienced a gross profit of $36.6 million, slightly down from $36.9 million in the same quarter last year [21] - General and administrative expenses increased to $23.2 million from $16.9 million, primarily due to personnel costs and acquisition-related expenses [22] Market Data and Key Metrics Changes - The company reported a record project backlog of $823 million, up from $650 million a year ago and $773.3 million at the end of the previous quarter [25] - The backlog growth was attributed to strong demand across all markets, particularly in North Carolina due to recovering DOT budgets [94][95] Company Strategy and Development Direction - The company announced two significant acquisitions totaling approximately $113 million, aimed at expanding its geographic footprint and enhancing vertical integration [11][20] - The acquisitions included four hot-mix asphalt plants and five aggregate facilities, which are expected to support operations in Alabama and North Carolina [12][14] - The company is focused on investing in people and technology to prepare for future growth, despite short-term profitability headwinds [8][10] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the long-term growth strategy, despite facing supply chain and labor constraints [9][10] - The company anticipates a potential upside of 20% year-over-year increase in infrastructure spending and substantial federal funding increases for the industry [18] - Management believes that supply chain disruptions will normalize in the coming quarters [10] Other Important Information - The company has a stable cash position with $134.5 million in cash and $214 million available under its revolving credit facility [24] - The company is investing in a new ERP system to enhance operational efficiency [79] Q&A Session Summary Question: How is the company addressing inflationary factors and labor market challenges? - Management indicated that inflation is primarily a pass-through cost, with revised input costs being incorporated into bids [33] Question: What is the impact of project delays on backlog and revenue generation? - Management estimated that project delays could represent a 5% revenue headwind, but the backlog remains strong [90] Question: How do recent acquisitions compare to legacy operations in managing labor relations? - Management noted that both legacy and newly acquired operations face similar labor market challenges, but the company is well-positioned to integrate new markets [38] Question: What is the confidence level for achieving revenue growth in the upcoming quarter? - Management expressed confidence in achieving revenue growth due to improvements in backlog and operational performance [46] Question: How will the company manage its M&A strategy moving forward? - Management stated that while they are cautious, they continue to see opportunities for acquisitions and are preparing for future growth [51]

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 June 30, 2021 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 (St ...

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 March 31, 2021 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 (S ...