ROAD Slides Pre-Market as Construction Partners Confronts Oil Price Issue
Construction Partners Inc. shares held steady in early Tuesday trading after closing Monday at $114.74, down 1.49%. The company reported fiscal Q2 revenue up 34.5% to $769.2 million and a record $3.14 billion backlog in May. No new press releases or filings were posted since May 8. Rising oil and asphalt costs remain a risk, with the company warning higher petroleum prices could hurt profits.