Income Up 54% In comparison to Q2 FY24

Internet Source of revenue of $4.2 Million & EPS of $0.08 

Adjusted EBITDA Up 135% In comparison to Q2 FY24

File Backlog of $2.84 Billion

Corporate Raises FY25 Outlook

DOTHAN, Ala., Would possibly 9, 2025 /PRNewswire/ — Building Companions, Inc. (NASDAQ: ROAD) (“CPI,” the “Company,” “we,” “our” or “us”), a vertically built-in civil infrastructure corporate focusing on the development and upkeep of roadways in native markets right through the Sunbelt, as of late reported monetary and working effects for the fiscal quarter ended March 31, 2025.

Fred J. (Jule) Smith, III, the Corporate’s President and Prominent Government Officer, stated, “We are pleased to report a strong second quarter marked by significant year-over-year growth in revenues, net income and Adjusted EBITDA, leading to an Adjusted EBITDA margin of 12.1%, up more than 400 basis points from the same quarter last year. Continuing the substantial momentum established in the first quarter of our fiscal year, the operational performance of our family of companies was outstanding, especially during this winter quarter, when shorter days and colder weather typically limit construction activity. Throughout our Sunbelt footprint, our local teams continued to win more project work, growing our project backlog to a record $2.84 billion. We are well-positioned for continued success to build out this record backlog as we move into the busy construction work season in the second half of our fiscal year. We continue to experience healthy federal and state project funding across our geographies in addition to a steady workflow of commercial projects, with many of our local markets representing some of the fastest growing MSAs in the Sunbelt.”

Smith endured, “Last week, we announced our latest acquisition with the purchase of PRI, adding its nearly 300 employees to the CPI family of companies as our platform company in Tennessee.  PRI now stretches our operations the length of the state, from Knoxville in the east to the greater Memphis metro area in the west, and will include our pre-existing Tennessee operations, consisting of three hot-mix asphalt plants and construction operations in the Nashville metro area.  As with all of our platform acquisitions, a key strategic criterion is an established and deeply experienced leadership team that fits our culture, our focus on safety, and our relative market share growth strategy for further expansion.  Under the leadership of Jon Hargett, Greg Ailshie and PRI’s entire management team, our new platform company will benefit from decades of collective experience and technical expertise of seasoned industry veterans in Tennessee. Tennessee is a state ripe with organic and acquisitive growth opportunities, driven by strong economic growth, favorable demographic trends, and a healthy transportation funding program.”

Revenues have been $571.7 million in the second one quarter of fiscal 2025, an building up of 54% in comparison to $371.4 million in the similar quarter endmost while. The $200.3 million income building up incorporated $173.1 million of revenues due to acquisitions finished all over or next to the 3 months ended March 31, 2024, and an building up of roughly $27.2 million of revenues within the Corporate’s present markets. The combo of general income expansion for the quarter was once roughly 7% natural and roughly 47% from fresh acquisitions.

Rude benefit was once $71.4 million in the second one quarter of fiscal 2025, in comparison to $38.8 million in the similar quarter endmost while.

Common and administrative bills have been $46.7 million in the second one quarter of fiscal 2025, in comparison to $36.0 million in the similar quarter endmost while, and as a share of general revenues, lowered 150 foundation issues to eight.2% in comparison to 9.7% in the similar quarter endmost while.

Internet source of revenue was once $4.2 million in the second one quarter of fiscal 2025 and $0.08 in step with diluted proportion, in comparison to a web lack of $1.1 million and diluted losses in step with proportion of $(0.02) in the similar quarter endmost while.

Adjusted EBITDA⁽¹⁾ in the second one quarter of fiscal 2025 was once $69.3 million, an building up of 135% in comparison to $29.5 million in the similar quarter endmost while. Adjusted EBITDA margin⁽¹⁾ in the second one quarter of fiscal 2025 was once 12.1%, in comparison to 7.9% in the similar quarter endmost while.

Mission backlog was once a report $2.84 billion at March 31, 2025, in comparison to $1.79 billion at March 31, 2024 and $2.66 billion at December 31, 2024.

Smith added, “Reflecting the expected contribution of the newly acquired PRI and our strong second quarter results, we are raising our fiscal 2025 outlook ranges. We continue to see customer demand for both publicly funded and commercial project work throughout our well-funded and growing Sunbelt states, representing some of the fasting growing areas in the country, and we remain focused on delivering long-term value to our investors and other stakeholders.”

Fiscal 2025 Outlook

The Corporate is elevating its outlook levels for fiscal 2025 with reference to income, web source of revenue, Adjusted web source of revenue, Adjusted EBITDA and Adjusted EBITDA margin as follows:

• Income within the area of $2.77 billion to $2.83 billion
• Internet source of revenue within the area of $106.0 million to $117.0 million
• Adjusted web source of revenue⁽¹⁾ within the area of $122.5 million to $133.5 million
• Adjusted EBITDA⁽¹⁾ within the area of $410.0 million to $430.0 million
• Adjusted EBITDA margin⁽¹⁾ within the area of 14.8% to fifteen.2%

Ned N. Fleming, III, the Corporate’s Government Chairman, said, “CPI’s continued operational and financial strength are a testament to our organization’s culture and leadership, executing a proven growth strategy to increase profitability, expand margins and successfully integrate newly acquired companies. Strategically positioned local market operations across the Sunbelt benefit from the support of our larger organization to bid, win and build critical infrastructure projects for recurring customers, both public and commercial. Our country’s infrastructure repair and maintenance needs are considerable and growing with the expansion of new roadway capacity. CPI will continue to benefit from opportunities afforded by a generational investment in infrastructure and population growth into the Sunbelt. As we continue to expand our geographic footprint and increase the size and scale of operations in an extremely fragmented industry, we expect to generate strong returns to enhance shareholder value.”

Convention Name

The Corporate will habits a convention name as of late at 10:00 a.m. Jap Month (9:00 a.m. Central Month) to talk about monetary and working effects for the fiscal quarter ended March 31, 2025. To get right of entry to the decision are living through telephone, dial (412) 902-0003 and ask for the Building Companions name no less than 10 mins previous to the beginning occasion.  A telephonic replay will probably be to be had via Would possibly 16, 2025 through calling (201) 612-7415 and the use of passcode ID: 13753204#. A webcast of the decision can be to be had are living and for nearest replay at the Corporate’s Investor Family members site at www.constructionpartners.net.

About Building Companions, Inc.

Building Companions, Inc. is a vertically built-in civil infrastructure corporate working in native markets right through the Sunbelt in Alabama, Florida, Georgia, North Carolina, Oklahoma, South Carolina, Tennessee and Texas. Supported through its hot-mix asphalt crops, mixture amenities and liquid asphalt terminals, the Corporate specializes in the development, restore and upkeep of floor infrastructure. Publicly funded initiatives build up the vast majority of its trade and come with native and condition roadways, interstate highways, airport runways and bridges. The Corporate additionally plays personal sector initiatives that come with paving and sitework for place of business and commercial grounds, buying groceries facilities, native companies and home trends. To be told extra, consult with www.constructionpartners.net.

Cautionary Observe Relating to Ahead-Having a look Statements

Positive statements contained herein that don’t seem to be statements of ancient or stream truth represent “forward-looking statements” throughout the which means of Category 21E of the Securities Trade Occupation of 1934. Those statements is also known through the importance of phrases reminiscent of “may,” “will,” “expect,” “should,” “anticipate,” “intend,” “project,” “outlook,” “believe” and “plan.” The forward-looking statements contained on this press drop come with, with out limitation, statements linked to monetary projections, year occasions, trade technique, year efficiency, year operations, backlog, monetary place, estimated revenues and losses, projected prices, potentialities, plans and targets of control. Those and alternative forward-looking statements are in response to control’s stream perspectives and guesses and contain dangers and uncertainties that would considerably have an effect on anticipated effects. Noteceable elements may motive latest effects to fluctuate materially from the ones expressed within the forward-looking statements, together with, amongst others: declines in crowd infrastructure development and discounts in executive investment, together with the investment through transportation government and alternative condition and native businesses; dangers linked to our working technique; pageant for initiatives in our native markets; dangers related to our capital-intensive trade; executive inquiries, necessities and projects, together with the ones linked to investment for crowd infrastructure development, land importance, environmental, condition and protection issues, and executive contracting necessities and alternative rules and laws; negative financial situations and restrictive financing markets; our talent to effectively establish, top and combine acquisitions; our talent to procure ample bonding capability to adopt positive initiatives; our talent to as it should be estimate the full dangers, necessities or prices after we bid on or negotiate oaths which can be in the long run awarded to us; the cancellation of a vital selection of oaths or our disqualification from bidding for unused oaths; dangers linked to hostile climate situations; shape exchange and linked rules and laws; our considerable indebtedness, prices related therewith and the constraints imposed on us through the phrases thereof; our talent to top our provide chain in a way that guarantees that we’re ready to procure sufficient uncooked fabrics, apparatus and very important provides; failure to put in force expansion methods in a well timed way; our talent to store key team of workers and preserve adequate exertions family members, and to top or mitigate any exertions shortages, yielding and exertions price will increase; the affect of inflation on prices of work, uncooked fabrics and alternative pieces which can be vital to our trade, together with gasoline, concrete and metal; negative trends affecting the banking and monetary services and products trade; trait injury and alternative claims and insurance policy problems; the result of litigation or disputes, together with employment-related, employees’ reimbursement and breach of guarantee claims; dangers linked to our data generation techniques and infrastructure, together with cybersecurity incidents; our talent to preserve efficient inside regulate over monetary reporting; and the hazards, uncertainties and elements i’m ready forth beneath “Risk Factors” within the Corporate’s most up-to-date Annual Document on Method 10-Okay and its therefore filed Quarterly Reviews on Method 10-Q.  Ahead-looking statements talk handiest as of the month they’re made.  The Corporate assumes disagree legal responsibility to replace forward-looking statements to mirror latest effects, next occasions, or instances or alternative adjustments affecting such statements, apart from to the level required through appropriate regulation.

Contacts:

Rick Twilight / Ken Dennard
Dennard Lascar Investor Family members
[email protected]
(713) 529-6600

– Monetary Statements Observe –

Reconciliation of Non-GAAP Monetary Measures

Adjusted EBITDA represents web source of revenue prior to, as appropriate from occasion to occasion, (i) passion expense, web, (ii) provision (receive advantages) for source of revenue taxes, (iii) depreciation, depletion, accretion and amortization, (iv) share-based reimbursement expense, (v) loss at the extinguishment of debt and (vi) nonrecurring bills linked to transformative acquisitions, which control considers to incorporate acquisitions requiring clearance beneath federal antitrust rules, reminiscent of our acquisition of Lone Famous person Paving (the “Lone Star Acquisition”). Adjusted EBITDA margin represents Adjusted EBITDA as a share of revenues for each and every length. Adjusted web source of revenue represents web source of revenue prior to (i) nonrecurring bills linked to transformative acquisitions, which control considers to incorporate acquisitions requiring clearance beneath federal antitrust rules, such because the Lone Famous person Acquisition, and (ii) nonrecurring charges related to financing preparations incurred in reference to transformative acquisitions, reminiscent of a bridge mortgage related to the Lone Famous person Acquisition. Those metrics are supplemental measures of our working efficiency which can be neither required through, nor introduced in line with, GAAP. Those measures have boundaries as analytical gear and will have to no longer be regarded as in isolation or as an additional to web source of revenue or any alternative efficiency measure derived in line with GAAP as a hallmark of our working efficiency. We provide Adjusted EBITDA, Adjusted EBITDA margin and Adjusted web source of revenue as a result of control makes use of those measures as key efficiency signs, and we consider that securities analysts, buyers and others importance those measures to guage corporations in our trade. Our calculation of Adjusted EBITDA, Adjusted EBITDA margin and Adjusted web source of revenue will not be related to in a similar way named measures reported through alternative corporations. Attainable variations might come with variations in capital constructions, tax positions and the while and hold depreciation of intangible and tangible property.

Please see tables items a reconciliation of web source of revenue (loss), probably the most immediately related measure calculated in line with GAAP, to Adjusted EBITDA and the calculation of Adjusted EBITDA margin for the sessions introduced:

Please see desk items a reconciliation of web source of revenue, probably the most immediately related measure calculated in line with GAAP, to Adjusted web source of revenue for the length introduced:

SOURCE Building Companions, Inc.