Construction Partners Inc. (symbol: ROAD) has released its financial results for the fourth quarter, showing a decline in earnings compared to the same period last year and falling short of Wall Street predictions.
The company reported earnings of $29.308 million, equating to $0.56 per share. This marks a decrease from the previous year's fourth-quarter earnings of $30.913 million or $0.59 per share.
Market analysts, as surveyed by Thomson Reuters, had anticipated earnings of $0.57 per share, typically calculated excluding any special items. Despite the dip in earnings, the company's revenue for the quarter experienced a 13.3% rise, reaching $538.163 million, up from $475.026 million in the prior year.
For a quick overview of Construction Partners Inc.'s financial performance (conforming to GAAP standards):
- Earnings for Q4: $29.308 million, a decrease from last year's $30.913 million.
- Earnings per Share (EPS) for Q4: $0.56, down from $0.59 the previous year.
- Revenue for Q4: $538.163 million, an increase from last year's $475.026 million.
