Construction Partners, Inc. Announces Fiscal 2019 First Quarter Results
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Construction Partners, Inc. (ROAD) Misses Q1 EPS by 4c, Revenues Miss; Offers FY19 Revenue Guidance Above Consensus
February 11, 2019 4:22 PM ESTConstruction Partners, Inc. (NASDAQ: ROAD) reported Q1 EPS of $0.10, $0.04 worse than the analyst estimate of $0.14. Revenue for the quarter came in at $154.3 million versus the consensus estimate of $167.48 million.
Revenue was $154.3 million, up 2.6%Gross profit was $21.1 million, down 7.3%Net income was $5.2 million, down 53.1%Earnings per share were $0.10, down from $0.26 Adjusted EBITDA(1) was $14.7 million, down 10.9%Charles E. Owens, the Companys President and Chief Executive Officer, stated, During our fiscal first quarter, our construction projects generally met gross profit percentage expectations,... More
