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Construction Partners missed earnings estimates but raised revenue outlook for next year.
Construction Partners Inc. reported fourth-quarter earnings of $1.02 per share, missing the $1.11 estimate, though adjusted earnings were $1.07 per share.
Revenue reached $899.8 million, up significantly from the prior year, and the company posted a full-year profit of $101.8 million on $2.81 billion in revenue.
The company raised its full-year revenue outlook for the next fiscal year to $3.4 billion to $3.5 billion, citing strong backlog growth and improved operating margins, despite a decline in free cash flow.
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Construction Partners perdió las estimaciones de ganancias, pero elevó las perspectivas de ingresos para el próximo año.