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Construction Partners: Fiscal 4Q Earnings Snapshot

Construction Partners: Fiscal 4Q Earnings Snapshot
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A Peek Into The Markets: US Stock Futures Down; Pfizer Covid-19 Vaccine Gets FDA Panel's Nod

A Peek Into The Markets: US Stock Futures Down; Pfizer Covid-19 Vaccine Gets FDA Panel's Nod
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Construction Partners, Inc. (ROAD) Q4 2020 Earnings Call Transcript

Operator
Greetings, and welcome to the Constructions Partners Fourth Quarter Fiscal Year 2020 Results Call. [Operator Instructions]
It is now my pleasure to introduce your host, Mr. Rick Black, Investor Relations for Construction Partners. Thank you. You may begin.
Rick Black
Investor Relations
Thank you, operator, and good morning, everyone. We appreciate you joining us for the Construction Partners conference call to review fourth quarter and fiscal year 2020 results. This call is also being webcast and can be accessed through the audio link on the Events and Presentations page of the Investor Relations section of constructionpartners.net. Information recorded on this call speaks only as of today, December 11, 2020. So please be advised that any time-sensitive information may no longer be accurate as of the date of any replay. ....

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Construction Partners: Q4 Earnings Insights

  Shares of Construction Partners (NASDAQ:ROAD) moved higher by 3.1% in pre-market trading after the company reported Q4 results. Quarterly Results Earnings per share rose 6.25% over the past year to $0.34, which beat the estimate of $0.30. ....

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Construction Partners, Inc. Announces Fiscal 2020 Fourth Quarter and Year-End Results

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DOTHAN, Ala., Dec. 11, 2020 /PRNewswire/ Construction Partners, Inc. (NASDAQ: ROAD) (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 its fourth quarter and fiscal year ended September 30, 2020.
Key Metrics: Fiscal Year 2020 Compared to Fiscal Year 2019
–          Revenue was $785.7 million, up 0.3%
–          Gross profit was $122.2 million, up 3.6%
–          Net income was $40.3 million, down 6.5%
–          Adjusted EBITDA
–          Adjusted EBITDA margin
(1)was 12.5%, up 70 bps
Project backlog at September 30, 2020 was $608.1 million, compared to $531.6 million at September 30, 2019.
Charles E. Owens, the Company s President and Chief Executive Officer, said, We are plea ....

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