Construction Partners, Inc. Announces Preliminary FY23 Financial Results; Sees FY23 Revenue $1.547B-$1.557B Vs $1.55B Est.; Sees FY24 Revenue $1.75B-$1.825B Vs $1.71B Est.
Portfolio Pulse from Benzinga Newsdesk
Construction Partners, Inc. has announced its preliminary financial results for FY23 and FY24. The company expects FY23 revenue to be between $1.547 billion and $1.557 billion, compared to $1.30 billion in FY22. Net income for FY23 is expected to be between $44.8 million and $47.0 million, compared to $21.4 million in FY22. The company also provided an outlook for FY24, expecting revenue to be between $1.75 billion and $1.825 billion.
October 04, 2023 | 12:04 pm
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POSITIVE IMPACT
Construction Partners, Inc. expects increased revenue and net income for FY23 and FY24. This positive financial outlook could potentially lead to a short-term increase in the company's stock price.
The company's positive financial outlook indicates strong performance and growth, which is typically well-received by investors and can lead to increased demand for the company's stock, potentially driving up its price in the short term.
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