Construction Partners Inc
For the period ended Nov 21, 2024. Filed Nov 21, 2024.
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Nov 21, 2024 · Filed Nov 21, 2024
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Contents
EX-99.1 · (in thousands, except share and per share data)
(in thousands, except share and per share data)
| For the Three Months EndedSeptember 30, | For the Fiscal Year EndedSeptember 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenues | $538,163 | $475,026 | $1,823,889 | $1,563,548 |
| Cost of revenues | 454,082 | 399,489 | 1,565,635 | 1,367,163 |
| Gross profit | 84,081 | 75,537 | 258,254 | 196,385 |
| General and administrative expenses | (39,836) | (33,002) | (151,497) | (126,947) |
| Gain on sale of property, plant and equipment | 1,523 | 2,223 | 4,483 | 7,048 |
| Gain on facility exchange | — | — | — | 5,389 |
| Operating income | 45,768 | 44,758 | 111,240 | 81,875 |
| Interest expense, net | (6,084) | (3,545) | (19,071) | (17,346) |
| Other (expense) income | (117) | (50) | (70) | 875 |
| Income before provision for income taxes and earnings from investment in joint venture | 39,567 | 41,163 | 92,099 | 65,404 |
| Provision for income taxes | 10,256 | 10,250 | 23,161 | 16,403 |
| Loss from investment in joint venture | (3) | — | (3) | — |
| Net income | $29,308 | $30,913 | $68,935 | $49,001 |
| Other comprehensive (loss) income, net of tax | ||||
| Unrealized (loss) gain on interest rate swap contract, net | (6,722) | 1,922 | (11,889) | 1,297 |
| Unrealized gain (loss) on restricted investments, net | 418 | (211) | 697 | (223) |
| Other comprehensive (loss) income, net | (6,304) | 1,711 | (11,192) | 1,074 |
| Comprehensive income | $23,004 | $32,624 | $57,743 | $50,075 |
| Net income per share attributable to common stockholders: | ||||
| Basic | $0.57 | $0.60 | $1.33 | $0.95 |
| Diluted | $0.56 | $0.59 | $1.31 | $0.94 |
| Weighted average number of common shares outstanding: | ||||
| Basic | 51,792,183 | 51,828,257 | 51,883,760 | 51,827,001 |
| Diluted | 52,590,344 | 52,406,501 | 52,574,503 | 52,260,206 |
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