Turning Point Brands Announces Second Quarter 2021 Results; Increases 2021 Guidance wallstreet-online.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wallstreet-online.de Daily Mail and Mail on Sunday newspapers.
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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