Construction Partners, Inc. reported significant financial growth for the fiscal year ending September 30, 2025, with revenues reaching $2.81 billion, a 54.2% increase from $1.82 billion in the previous fiscal year. The company's net income also rose by 47.6% to $101.8 million, compared to $68.9 million in fiscal 2024. This growth was largely attributed to acquisitions made during the year, which contributed approximately $835.2 million to revenues, alongside a $153.2 million increase from existing market operations.
The company completed five acquisitions across four states during fiscal 2025, expanding its operations significantly. Notable acquisitions included Asphalt Inc., LLC (Lone Star Paving) for $977.2 million, which added 10 hot mix asphalt (HMA) plants and four aggregate facilities. The total transaction consideration for all acquisitions amounted to approximately $1.5 billion. Following these acquisitions, Construction Partners, Inc. reported a contract backlog of $3.0 billion, up from $2.0 billion the previous year, indicating a strong pipeline of future work.
Operationally, the company employed 1,639 salaried and 4,773 hourly employees as of September 30, 2025, reflecting a workforce that fluctuates with project demands. The company’s public projects accounted for approximately 65% of its revenues, with state Departments of Transportation (DOTs) being the largest customers, contributing 43.4% of total revenues. The company also reported a significant increase in gross profit, which rose to $439.1 million, representing a gross profit margin of 15.6%, up from 14.2% in the prior year.
Looking ahead, Construction Partners, Inc. has set ambitious growth targets under its "ROAD 2030" initiative, aiming for revenues exceeding $6 billion by the end of fiscal 2030. The company is focused on leveraging its expanded operations and strong contract backlog to achieve these goals. However, management acknowledged potential risks, including economic fluctuations and supply chain disruptions, which could impact future performance. The company remains committed to monitoring these risks while pursuing its strategic objectives.
About Construction Partners, Inc.
Construction Partners, Inc. is a civil infrastructure company specializing in road, highway, bridge, and airport construction and maintenance across the southeastern U.S. It manufactures and supplies asphalt, aggregates, and related materials, and provides site development and paving services. Serving public and private clients, primarily government agencies and developers, it leverages a diversified project backlog and strategic acquisitions to support growth in the infrastructure sector.
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