10:49 AM EST, 11/04/2024 (MT Newswires) -- Construction Partners ( ROAD ) said Monday that it raised its fiscal 2025 outlook after completing the acquisition of Asphalt, which does business as Lone Star Paving.

For fiscal 2025, the company said it now expects $2.48 billion to $2.58 billion in revenue, compared with its prior forecast of $2.42 billion to $2.52 billion, and $97 million to $113 million in net income, from $90 million to $106 million previously.

Analysts polled by Capital IQ expect $2.39 billion in revenue.

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