Michael McKay - Construction Partners Independent Director

ROAD Stock  USD 50.96  0.71  1.37%   

Director

Mr. Michael H. McKay is Independent Director of the Company. Mr. McKay was an Advisory Partner at Bain Company since 2009. He also serves as a member of the board of directors of Big Outdoor Holdings, LLC and Hubbardton Forge, LLC. Since joining Bain Company in 1987, he helped found its Private Equity Group and has evaluated and developed strategies for hundreds of businesses. From 2004 to 2006, Mr. McKay served as Chief Investment Officer of a principal investment firm based in Washington D.C., making public and private investments, and was Managing Partner of a Bostonbased hedge fund from 2006 to 2009. Mr. McKay is also a Senior Lecturer at the Brandeis International Business School, where he has served on the faculty since 2010 since 2002.
Age 55
Tenure 22 years
Professional MarksMBA
Address 290 Healthwest Drive, Dothan, AL, United States, 36303
Phone334 673 9763
Webhttps://www.constructionpartners.net
McKay received a MBA from The University of Chicago Graduate School of Business, where he received the Mayer Prize as top graduating student, and a Bachelor of Arts with high distinction in Economics from Harvard University.

Construction Partners Management Efficiency

The company has return on total asset (ROA) of 0.0487 % which means that it generated a profit of $0.0487 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.1162 %, meaning that it created $0.1162 on every $100 dollars invested by stockholders. Construction Partners' management efficiency ratios could be used to measure how well Construction Partners manages its routine affairs as well as how well it operates its assets and liabilities. The current year's Return On Tangible Assets is expected to grow to 0.07. The current year's Return On Capital Employed is expected to grow to 0.13. At present, Construction Partners' Non Currrent Assets Other are projected to increase significantly based on the last few years of reporting. The current year's Other Assets is expected to grow to about 15.3 M, whereas Net Tangible Assets are forecasted to decline to about 278.5 M.
The company currently holds 390.73 M in liabilities with Debt to Equity (D/E) ratio of 0.85, which is about average as compared to similar companies. Construction Partners has a current ratio of 1.87, which is within standard range for the sector. Debt can assist Construction Partners until it has trouble settling it off, either with new capital or with free cash flow. So, Construction Partners' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Construction Partners sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Construction to invest in growth at high rates of return. When we think about Construction Partners' use of debt, we should always consider it together with cash and equity.

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Construction Partners, Inc., a civil infrastructure company, engages in the construction and maintenance of roadways across Alabama, Florida, Georgia, North Carolina, and South Carolina. Construction Partners, Inc. was incorporated in 1999 and is headquartered in Dothan, Alabama. Construction Partners operates under Engineering Construction classification in the United States and is traded on NASDAQ Exchange. It employs 3800 people. Construction Partners (ROAD) is traded on NASDAQ Exchange in USA. It is located in 290 Healthwest Drive, Dothan, AL, United States, 36303 and employs 1,146 people. Construction Partners is listed under Construction & Engineering category by Fama And French industry classification.

Management Performance

Construction Partners Leadership Team

Elected by the shareholders, the Construction Partners' board of directors comprises two types of representatives: Construction Partners inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Construction. The board's role is to monitor Construction Partners' management team and ensure that shareholders' interests are well served. Construction Partners' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Construction Partners' outside directors are responsible for providing unbiased perspectives on the board's policies.
Craig Jennings, Director
Gregory Hoffman, Chief Officer
John Walker, Senior Vice President
Todd Andrews, Chief Accounting Officer
Charles Owens, President CEO, Director
Ned III, Executive Board
Rick Black, IR Contact Officer
Stefan Shaffer, Independent Director
Ned Fleming, Executive Chairman of the Board
John Harper, Senior Vice President
Julius Smith, Senior Vice President
Will Pedersen, I Riverworks
Michael McKay, Independent Director
Judson Brooks, Senior Legal
Noreen Skelly, Independent Director
Alan Palmer, CFO, Executive Vice President
Fred III, CEO President
Michael Armstrong, Senior President
Brett Armstrong, Senior Vice President
Robert Flowers, Senior Vice President
Mark Matteson, Independent Director

Construction Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Construction Partners a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Currently Active Assets on Macroaxis

When determining whether Construction Partners is a strong investment it is important to analyze Construction Partners' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Construction Partners' future performance. For an informed investment choice regarding Construction Stock, refer to the following important reports:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Construction Partners. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
For information on how to trade Construction Stock refer to our How to Trade Construction Stock guide.
Note that the Construction Partners information on this page should be used as a complementary analysis to other Construction Partners' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.

Complementary Tools for Construction Stock analysis

When running Construction Partners' price analysis, check to measure Construction Partners' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Construction Partners is operating at the current time. Most of Construction Partners' value examination focuses on studying past and present price action to predict the probability of Construction Partners' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Construction Partners' price. Additionally, you may evaluate how the addition of Construction Partners to your portfolios can decrease your overall portfolio volatility.
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Is Construction Partners' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Construction Partners. If investors know Construction will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Construction Partners listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
4.196
Earnings Share
1.09
Revenue Per Share
31.214
Quarterly Revenue Growth
0.16
Return On Assets
0.0487
The market value of Construction Partners is measured differently than its book value, which is the value of Construction that is recorded on the company's balance sheet. Investors also form their own opinion of Construction Partners' value that differs from its market value or its book value, called intrinsic value, which is Construction Partners' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Construction Partners' market value can be influenced by many factors that don't directly affect Construction Partners' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Construction Partners' value and its price as these two are different measures arrived at by different means. Investors typically determine if Construction Partners is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Construction Partners' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.