Construction Partners FY2024 revenue rises 17% to $1.82 billion; net income up 41%
Construction Partners reported fiscal 2024 results for the year ended September 30, 2024, with full-year revenue up 17%, net income up 41% and Adjusted EBITDA up 28% from fiscal 2023. Fourth-quarter net income fell 5.2% even as quarterly revenue rose 13%, and the company said fiscal 2025 outlook is unchanged from what it previously announced, with the Lone Star Paving acquisition expected to contribute eleven months of results.
Key points
- Fiscal 2024 revenue was $1.82 billion, up 17% from $1.56 billion; net income was $68.9 million, up 41%.
- Fourth-quarter revenue was $538.2 million, up 13%, while fourth-quarter net income was $29.3 million, down 5.2%.
- Project backlog was a record $1.96 billion at September 30, 2024, compared with $1.60 billion a year earlier.
- Fiscal 2025 outlook: revenue of $2.48 billion to $2.58 billion and net income of $97 million to $113 million, as previously announced.
The filing
Written by AI on Nov 8, 2026, 1:00 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 21, 2024.
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