Construction Partners Analysts Raise Their Forecasts After Q1 Results



Construction Partners, Inc. (NASDAQ: ROAD) reported better-than-expected first-quarter financial results on Friday.

Construction Partners posted GAAP earnings of 19 cents per share, beating market estimates of 13 cents per share. The company’s quarterly sales came in at $396.50 million versus expectations of $394.48 million, according to data from Benzinga Pro.

Construction Partners maintained its FY24 outlook, sees revenue of $1.75 billion to $1.825 billion.

Fred J. (Jule) Smith, III, the Company’s President and Chief Executive Officer, said, “We had a strong start to our fiscal year with substantial first quarter top-line and bottom-line growth, sustained by the robust demand environment for our infrastructure …

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