Construction Partners, Inc. Quarterly report [Sections 13 or 15(d)]

Quarterly report [Sections 13 or 15(d)]

Earnings Per Share

Earnings Per Share

9 Months Ended

Jun. 30, 2025

As discussed in Note 9 - 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 (unaudited in thousands, except share and per share amounts):


	For the Three Months Ended June 30,				For the Nine Months Ended June 30,
	2025		2024		2025		2024
Numerator
Net income attributable to common stockholders	$	44,047	$	30,908	$	45,211	$	39,627
Denominator
Weighted average number of common shares outstanding, basic	55,164,260		51,913,124		54,853,715		51,914,508
Net income per common share attributable to common stockholders, basic	$	0.80	$	0.60	$	0.82	$	0.76

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 (unaudited in thousands, except share and per share amounts):


	For the Three Months Ended June 30,				For the Nine Months Ended June 30,
	2025		2024		2025		2024
Numerator
Net income attributable to common stockholders	$	44,047	$	30,908	$	45,211	$	39,627
Denominator
Weighted average number of basic common shares outstanding, basic	55,164,260		51,913,124		54,853,715		51,914,508
Effect of dilutive securities:

Restricted stock grants	490,393		741,758		449,243		657,921
Weighted average number of diluted common shares outstanding:	55,654,653		52,654,882		55,302,958		52,572,429
Net income per diluted common share attributable to common stockholders	$	0.79	$	0.59	$	0.82	$	0.75