Construction Partners, Inc. (NASDAQ:ROAD) Q4 2024 Earnings Conference Call November 21, 2024 10:00 AM ET

Company Participants

Rick Black - IR
Jule Smith - CEO
Greg Hoffman - CFO
Ned Fleming - Executive Chairman

Conference Call Participants

Kathryn Thompson - Thompson Research
Adam Thalhimer - Thompson Davis
Jean Ramirez - D.A. Davidson

Operator

Greetings, and welcome to the Construction Partners' Fourth Quarter and Year End Fiscal 2024 Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.

It is now my pleasure to introduce your host, Rick Black with Investor Relations. Thank you, sir. You may begin.

Rick Black

Thank you, operator, and good morning, everyone. We appreciate you joining us for the Construction Partners conference call to review fourth quarter and year-end results for fiscal 2024. This call is also being webcast and can be accessed through the audio link on the Events and Presentations page of the Investor Relations section of constructionpartners.net. Information recorded on this call speaks only as of today, November 21, 2024. Please be advised that any time-sensitive information may no longer be accurate as of the date of any replay listening or transcript reading.

I would also like to remind you that the statements made in today's discussion that are not historical facts, including statements of expectations or future events or future financial performance are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. We will be making forward-looking statements as part of today's call that by their nature are uncertain and outside of the company's control.

Actual results may differ materially. Please refer to our earnings press release for our disclosure on forward-looking statements. These factors, as well as other risks and uncertainties are described in detail in the company's filings with the Securities and Exchange Commission.

Management will also refer to non-GAAP measures, including adjusted EBITDA. Reconciliations to the nearest GAAP measures can be found at the end of our earnings release. Construction Partners assumes no obligation to publicly update or revise any forward-looking statements.

Now, I would like to turn the call over to Construction Partners’ CEO, Jule Smith. Jule?

Jule Smith

Thank you, Rick, and good morning, everyone. We appreciate you joining us on the call today. With me this morning is Greg Hoffman, our Chief Financial Officer; and Ned Fleming, our Executive Chairman. We are pleased to report a strong finish to our fiscal year 2024, a record year with revenue growth of 17%, net income growth of 41%, adjusted EBITDA growth of 28% and an EBITDA margin percentage of 12.1% compared to 11% last year.