Edgevanta Weekly 🚀 🛣 11.30.23

Edgevanta Weekly is your essential guide to dominating the construction bidding and building world with the latest tech, market trends, and wisdom. We made this for construction folks who are interested in continual improvement 💪. 

Social Post Of The Week: Good Estimator, Bad Estimator

That Time of The Year 🏔️ Earnings 📥 Reports

Construction Partners Inc Year End Results

CPI FY 2023 at a glance: 

$1.56 billion revenue (up 20% YOY)

$196.4 million gross profit @ 12.6% (up 41% YOY)

$107.6 million G&A @ 8.1% (up 15% YOY)

$49.0 million net income (up 129% YOY)

We omitted of the E-word because in the words of the late great Charlie Munger: 
"Every time you hear EBITDA, just substitute it with 'bullsh*t."

Poor Charlie will be missed by many. 

Vulcan, Martin, and Many More

Fun fact: Vulcan aggregates cash gross profit exceeds $9 per ton. 

US Manufacturing Construction Is Up 221% 📈

Impact of the CHIPS Act is already being felt. 

A New Podcast

The Arnold is at it again. I've found his daily newsletter and podcast to be positive and inspiring as it relates to physical and mental well-being. The newsletter gained 600k followers in less than a year and it's not hard to see why. It may be a worthwhile 5 minute daily investment of your time.

Stoic Wisdom 🦾 for the Week

“Don't fear failure. Not failure, but low aim, is the crime. In great attempts it is glorious even to fail” – Bruce Lee

Reflect on this as we embark on another week of bidding and building.

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Warm regards,

Tristan

About The Author:

Tristan Wilson is the CEO and Co-Founder of Edgevanta. We make software that helps contractors win more work at the right price.

He is a 4th Generation Contractor, construction enthusiast, bidding nerd, ultramarathoner, and paving nut. He worked his way up the ladder at Allan Myers in the Mid-Atlantic and his family’s former business Barriere Construction before starting Edgevanta with his Co-Founder Matt in Nashville, where the company is based. He can be reached at [email protected]