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We are a civil infrastructure company that specializes in the construction and maintenance of roadways across Alabama, Florida, Georgia, North Carolina, Oklahoma, South Carolina, Tennessee and Texas. Through our wholly owned subsidiaries, we provide a variety of products and services to both public and private infrastructure projects, with an emphasis on highways, roads, bridges, airports, and …
Operating margin is thin at 7.99%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 54.2%, still solid.
Net debt of $1.53B represents 10.0x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
$3.26B
▲ +54.2% YoY
Net Income (TTM)
$127M
▲ +47.6% YoY
Op. Margin
8.35%
▲ +1.9pp YoY
ROIC
8.73%
▲ +1.6pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$191M
▲ +26.6% YoY
Op. Cash Flow (TTM)
$343M
▲ +39.3% YoY
Net Debt
$1.77B
Cash & Equiv.
$77M
5Y CAGR: +29.1%
5Y CAGR: +23.9%
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