Construction Partners rises on annual revenue forecast beat

Construction Partners

07/02/2025 13:52

** Shares of civil infrastructure co Construction Partners
 ROAD.O  up 7.73% at $91 premarket
    ** ROAD expects FY25 revenue to be between $2.66 bln and
$2.74 bln, above analysts' average estimate of $2.55 bln - LSEG
data
    ** Co reports Q1 revenue of $561.6 mln, above estimates of
$517.5 mln
    ** "In fiscal 2025, we continue to see strong industry
tailwinds relative to customer demand for both publicly funded
and commercial project work," CEO Fred J. Smith says
    ** Shares rose ~103.26% in 2024


 (Reporting by Megha Kumari in Bengaluru)
 ((Megha.Kumari@thomsonreuters.com;))