Construction Partners raises FY25 outlook as Q2 revenue rises 54% to $571.7 million
Construction Partners reported fiscal second-quarter revenue of $571.7 million, up 54% from a year earlier, and net income of $4.2 million, or $0.08 per diluted share, compared with a net loss of $1.1 million in the same quarter last year. The company raised its fiscal 2025 outlook, citing the expected contribution of the recently acquired PRI and its second-quarter results. The filing also reports a May 8 executive reorganization that changed some officer titles, with Gregory A. Hoffman taking on the principal accounting officer role in addition to his CFO duties.
- Q2 revenue was $571.7 million, up from $371.4 million; acquisitions completed since March 31, 2024 contributed $173.1 million of the $200.3 million increase.
- Net income was $4.2 million, or $0.08 per diluted share, versus a net loss of $1.1 million a year earlier.
- Fiscal 2025 revenue outlook was raised to $2.77 billion to $2.83 billion; net income outlook was raised to $106.0 million to $117.0 million.
- Gregory A. Hoffman became principal accounting officer in addition to CFO; Fred J. (Jule) Smith, III remains President and CEO, and the filing states no compensation changes.