Filing Flows › Construction Partners (ROAD) › Q4 FY24
Construction Partners (ROAD) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Nov 25, 2024
Construction Partners (ROAD) reported revenue of $538M for the fourth quarter fiscal 2024 (Q4 FY24), +13% from a year earlier and +4% from the quarter before. Operating margin was 8.5%, net earnings $29.3M (5.4% of revenue).
Construction Partners, Q4 FY24: revenue $538M (+13% year over year), operating margin 8.5%, net earnings $29.3M, operating cash flow $95.9M. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $538M | +4% | +13% |
| Gross profit | $84.1M | +0.7% | +11% |
| Operating profit | $45.8M | +0.2% | +2% |
| Net earnings | $29.3M | -5% | -5% |
| Operating cash flow | $95.9M | +177% | +53% |
| Free cash flow | $78.4M | +297% | +79% |
What changed
Revenue was $538.2M in Q4 FY24, up 13% year over year and up 4% from the previous quarter.
Gross margin was 15.6%, down 0.3 points from a year earlier. Operating profit was $45.8M, a 8.5% margin (down 0.9 points year over year). Of the extra revenue versus a year earlier, 2% reached operating profit, below the 9% margin then. Operating expenses grew 24% against revenue growth of 13%. Net earnings were $29.3M, down 5% year over year. The effective tax rate was 25.9%.
Operating cash flow was $95.9M (up 53% year over year), 327% of net earnings. Non-cash charges added back $12.4M of depreciation and amortization and $4.2M of share-based compensation. Working capital and other items added $50.0M. Capital expenditures of $17.5M left free cash flow of $78.4M.
Questions
What was Construction Partners' revenue in the fourth quarter fiscal 2024?
Construction Partners (ROAD) reported revenue of $538M for the fourth quarter fiscal 2024 (Q4 FY24), +13% from a year earlier and +4% from the quarter before.
Was Construction Partners profitable in the fourth quarter fiscal 2024?
Operating profit was $45.8M (8.5% of revenue) and net earnings $29.3M.