DOTHAN,
Ala., Oct. 4, 2022 /PRNewswire/ -- Construction
Partners, Inc. (NASDAQ: ROAD) (the "Company"), a vertically
integrated civil infrastructure company specializing in the
construction and maintenance of roadways across five southeastern
states, today provided an initial update following the landfall of
Hurricane Ian regarding its impact on the Company's
operations.
Fred J. (Jule) Smith, III, the
Company's President and Chief Executive Officer, said, "Our
thoughts and prayers are with everyone affected by Hurricane Ian.
This was a record storm that tore through three of the five states
in which we operate, causing significant destruction, power outages
and hardships for many communities across Florida, South
Carolina and North
Carolina. At CPI, the safety of our employees is our top
priority, and I am proud of our team's proactive measures to give
our employees time and encouragement to prepare for the storm's
impact. CPI now stands ready to help repair and rebuild our
affected communities once we are called upon by our city and state
customers.
"While our facilities in Florida, South
Carolina and North Carolina
did not sustain significant damage, operations were affected across
many of these markets during the final week of September as we
sought to keep our people safe and secure our operating
assets.
"Following the passage of Hurricane Ian, we have now resumed
work that was delayed in the final week of September across all of
our markets, and new project work will be necessary in certain
local markets impacted by the storm. Despite the hardships faced by
many in our local communities, we are thankful to have endured the
storm, and we are prepared to assist with the much-needed recovery
efforts."
About Construction Partners, Inc.
Construction Partners, Inc. is a vertically integrated civil
infrastructure company operating across five southeastern states.
Supported by its hot-mix asphalt plants, aggregate facilities and
liquid asphalt terminal, the company focuses on the construction,
repair and maintenance of surface infrastructure. Publicly funded
projects make up the majority of its business and include local and
state roadways, interstate highways, airport runways and bridges.
The company also performs private sector projects that include
paving and sitework for office and industrial parks, shopping
centers, local businesses and residential developments. To learn
more, visit www.constructionpartners.net.
Cautionary Note Regarding Forward-Looking Statements
Certain statements contained herein that are not
statements of historical or current fact constitute
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933 and 21E of the Securities Exchange Act
of 1934. These statements may be identified by the use of words
such as "seek" "continue," "estimate," "predict," "potential,"
"targeting," "could," "might," "may," "will," "expect," "should,"
"anticipate," "intend," "project," "outlook," "believe," "plan" and
similar expressions or their negative. These forward-looking
statements are based on management's current views and assumptions
and involve risks and uncertainties that could significantly affect
expected results. Important factors that could cause actual results
to differ materially from those expressed in the forward-looking
statements are set forth in the Company's most recent Annual Report
on Form 10-K, its subsequent Quarterly Reports on Form 10-Q, its
Current Reports on Form 8-K and other reports the Company files
with the SEC. Forward-looking statements speak only as of the date
they are made. The Company assumes no obligation to update
forward-looking statements to reflect actual results, subsequent
events, or circumstances or other changes affecting such statements
except to the extent required by applicable law.
Contact:
Rick Black
Dennard Lascar Investor
Relations
ROAD@DennardLascar.com
(713) 529-6600
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SOURCE Construction Partners, Inc.