Construction Partners, Inc. (ROAD) reported Friday that net income for the third quarter grew to $30.91 million or $0.59 per share from $25.68 million or $0.41 per share in the prior-year quarter.
On average, seven analysts polled by Thomson Reuters expected the company to report a loss of $0.54 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues for the quarter increased 22.7 percent to $517.79 million from $421.89 million in the same quarter last year. Analysts expected $503.57 million for the quarter.
Looking ahead to fiscal 2024, the company now expects net income in a range of $73.5 million to $76 5illion on revenue between $1.835 billion and $1.860 billion. The Street is looking for earnings of $1.41 per share on revenues of $1.83 billion for the year.
Previously, the company expected net income in the range of $71 million to $75 million on revenue between $1.81 billion and $1.85 billion.
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Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.