Greetings and welcome to the Construction Partners Second Quarter 2021 Earnings Conference Call. [Operator Instructions]
It is now my pleasure to introduce your host, Rick Black, Investor Relations. Thank you. You may begin.
Rick Black
Executive Vice President
Thank you, operator, and good morning everyone. We appreciate you joining us for the Construction Partners conference call to review second quarter fiscal year 2021 results. 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 on this call speaks only as of today, May 7, 2021, so please be advised that any time sensitive information may no longer be accurate as of the date of any replay.
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DOTHAN, Ala., Dec. 11, 2020 /PRNewswire/ Construction Partners, Inc. (NASDAQ: ROAD) (the Company ), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways across five southeastern states, today reported financial and operating results for its fourth quarter and fiscal year ended September 30, 2020.
Key Metrics: Fiscal Year 2020 Compared to Fiscal Year 2019
– Revenue was $785.7 million, up 0.3%
– Gross profit was $122.2 million, up 3.6%
– Net income was $40.3 million, down 6.5%
– Adjusted EBITDA
– Adjusted EBITDA margin
(1)was 12.5%, up 70 bps
Project backlog at September 30, 2020 was $608.1 million, compared to $531.6 million at September 30, 2019.
Charles E. Owens, the Company s President and Chief Executive Officer, said, We are pleased with our strong profitability in