Construction Partners Maintains FY24 Outlook, Sees Revenue $1.75B-$1.825B
Portfolio Pulse from Benzinga Newsdesk
Construction Partners, Inc. (ROAD) has reaffirmed its fiscal year 2024 outlook, expecting revenues between $1.75 billion and $1.825 billion, net income between $63 million and $70 million, and Adjusted EBITDA between $197 million and $219 million, with an EBITDA margin of 11.3% to 12.0%.
February 09, 2024 | 12:33 pm
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Construction Partners, Inc. (ROAD) maintains its FY24 outlook with expected revenue between $1.75B-$1.825B, net income $63M-$70M, and Adjusted EBITDA $197M-$219M.
Maintaining a stable outlook for FY24, especially in terms of revenue and earnings, is likely to be viewed positively by investors. It suggests that Construction Partners is confident in its business model and operational efficiency, potentially leading to a positive short-term impact on its stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100