Construction Partners Expects FY25 Revenue Of $2.42B - $2.52B, Est $2.09B
Portfolio Pulse from Benzinga Newsdesk
Construction Partners projects FY25 revenue between $2.42B and $2.52B, surpassing estimates of $2.09B. The company anticipates net income of $90M to $106M and adjusted EBITDA of $338M to $368M, with a margin of 14.0% to 14.6%. These projections include results from Asphalt Inc., LLC.
October 21, 2024 | 10:11 am
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Construction Partners (ROAD) has provided a strong revenue outlook for FY25, projecting $2.42B-$2.52B, above the estimated $2.09B. This positive forecast includes contributions from Asphalt Inc., LLC.
The revenue forecast for FY25 is significantly higher than estimates, indicating strong business performance and potential growth. The inclusion of Asphalt Inc., LLC's results further supports this positive outlook, likely boosting investor confidence and stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100