Construction Partners Inc

Construction Partners Inc(ROAD)资讯与事件

$82.710

-0.513 (-0.62%)收盘时

ROAD 资讯

ROAD 事件

9/21 16:30

Construction Partners Acquires Roads, Inc. in Strategic Deal

Construction Partners announced that it has acquired Roads, Inc. of NWF, an asphalt manufacturing and construction business headquartered in Cantonment, Florida. Roads, Inc. provides asphalt paving, roadway construction and disaster response debris removal services throughout Florida, Alabama and the southeastern United States. In connection with the transaction, CPI acquired a hot-mix asphalt plant strategically located north of Pensacola, together with related crews and equipment. The acquired operations will become part of CPI's Florida platform company, C.W. Roberts Contracting, Incorporated.

8/31 08:30

Construction Partners Acquires Asphalt Express Enterprises

Construction Partners announced that it has acquired Asphalt Express Enterprises, a liquid asphalt supply and hauling business headquartered in Ardmore, Oklahoma. In connection with the transaction, CPI's Oklahoma platform company, Overland Corporation, acquired Asphalt Express's rail-served industrial site in Ardmore, where the business currently receives liquid asphalt for further transportation to customers, as well as a fleet of trucks and trailers used to transport liquid asphalt. CPI expects the Ardmore site to serve as the location of a future liquid asphalt terminal to serve CPI's Oklahoma and northern Texas operations.

8/7 07:30

CPI Reports Q3 Revenue of $999.4M

Reports Q3 revenue $999.4M, consensus $948.78M. Fred Smith, III, the company's President and Chief Executive Officer, said, "Our strong third quarter results reflect the continued execution of our operating strategy and the dedication of our teams throughout the CPI family of companies. During the quarter, we delivered revenue growth of 28% and Adjusted EBITDA growth of 24%, despite the impact of energy cost inflation and extremely wet weather in May across many of our markets. These results underscore the resilience of our decentralized operating model, the strength of our local market strategy, and our ability to consistently execute across diverse market conditions. Demand for both public infrastructure and commercial construction projects remained healthy throughout our markets, driving backlog to a record $3.36 billion and providing continued visibility into future growth."

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