A leading civil infrastructure company, Construction Partners has established itself as a cornerstone of development across six southeastern states. With a focus on delivering comprehensive services for both public and private projects, the company excels in roadways, highways, bridges, airports, and commercial and residential developments. Its robust network of facilities ensures a steady supply chain, supporting not only its own projects but also third-party sales. Through strategic acquisitions and operational excellence, Construction Partners is well-positioned to capitalize on the region's substantial infrastructure investments.
The company's financial performance reflects its strong market position and efficient operations. In fiscal 2023, Construction Partners projected revenues between $1.547 billion and $1.557 billion, marking a significant increase from the previous year's $1.30 billion. Net income is anticipated to range from $44.8 million to $47.0 million, nearly doubling the $21.4 million reported in fiscal 2022. Adjusted EBITDA is forecasted to reach between $168.0 million and $172.0 million, up from $111.2 million in the prior year. This growth underscores the company's ability to deliver high-quality projects with healthy margins.
Construction Partners' strategic acquisitions of SJ&L General Contractor, LLC, and Littlefield Construction Company have expanded its service offerings and strengthened its presence in key markets such as Huntsville and Waycross. With a project backlog of $1.62 billion as of December 31, 2023, the company is poised for continued growth and value creation. By focusing on margin expansion, vertical integration, and cost efficiency, Construction Partners exemplifies how strategic planning and operational excellence can drive sustainable success. The company's commitment to enhancing local market performance and scaling corporate costs positions it as a leader in the infrastructure sector, contributing positively to regional development and economic growth.