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Construction Partners Q2 Loss Narrows, Revenue Rises; Raises FY2024 Sales Forecast
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Construction Partners Q2 Loss Narrows, Revenue Rises; Raises FY2024 Sales Forecast
May 10, 2024 5:06 AM

07:57 AM EDT, 05/10/2024 (MT Newswires) -- Construction Partners ( ROAD ) reported fiscal Q2 loss Friday of $0.02 per share, narrower than a loss of $0.11 per share a year earlier.

Analysts polled by Capital IQ expected loss of $0.01 per share.

Revenue for the quarter ended March 31 was $ 371.42 million, up from $324.85 million a year earlier.

Analysts surveyed by Capital IQ expected $368.41 million.

The company raises its full-year 2024 revenue forecast in the range of $1.81 billion to $1.85 billion from $1.75 billion to $1.83 billion earlier. Analysts polled by Capital IQ expect $1.80 billion.

Price: 57.00, Change: +3.19, Percent Change: +5.93

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