Construction Partners, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Earnings Per Share

Earnings Per Share

12 Months Ended

Sep. 30, 2024

As discussed in Note 12 - Equity, the Company has Class A common stock and Class B common stock. Because the only differences between the two classes of common stock are related to voting rights, conversion rights and transfer restrictions applicable to shares of Class B common stock, the Company has not presented earnings per share under the two-class method, as the earnings per share are the same for both Class A common stock and Class B common stock. The following table summarizes the weighted-average number of basic common shares outstanding and the calculation of basic earnings per share for the periods presented (in thousands, except share and per share amounts):


	For the Fiscal Year Ended September 30,
	2024		2023		2022
Numerator
Net income attributable to common stockholders	$	68,935	$	49,001	$	21,376
Denominator
Weighted average number of common shares outstanding, basic	51,883,760		51,827,001		51,773,559
Net income per common share attributable to common stockholders, basic	$	1.33	$	0.95	$	0.41

The following table summarizes the calculation of the weighted-average number of diluted common shares outstanding and the calculation of diluted earnings per share for the periods presented (in thousands, except share and per share amounts):


	For the Fiscal Year Ended September 30,
	2024		2023		2022
Numerator
Net income attributable to common stockholders	$	68,935	$	49,001	$	21,376
Denominator
Weighted average number of basic common shares outstanding, basic	51,883,760		51,827,001		51,773,559
Effect of dilutive securities:

Restricted stock unit grants	690,743		433,205		183,861
Weighted average number of diluted common shares outstanding:	52,574,503		52,260,206		51,957,420
Net income per diluted common share attributable to common stockholders	$	1.31	$	0.94	$	0.41