Construction Partners, Inc.

Construction Partners, Inc. Earnings Recaps

ROAD Industrials 3 recaps
Q2 2026 May 9, 2026

Construction Partners' shares rose 6.9% following Q2 results, driven by margin improvement and raised full-year guidance amid strong backlog growth and favorable weather conditions.

Key takeaways
  • Revenue, adjusted EBITDA, and backlog all grew in Q2, supported by efficient workdays due to favorable weather.
  • Over 80% of revenue is protected from energy price volatility through liquid asphalt pricing indexes and fuel hedges, mitigating cost pressures.
  • Raised outlook for fiscal 2026 on the back of expanding backlog and healthy demand in both public infrastructure and commercial projects.
  • Completed four acquisitions year-to-date, including Four Star Paving, which expands market presence and contributes meaningfully to financial growth.
  • Active bidding pipeline includes significant contracts such as $150 million in North Carolina and $100 million in Texas, reflecting strong demand.
Full recap
Q1 2026 Feb 6, 2026

Construction Partners delivered an impressive start to fiscal 2026, achieving 44% revenue growth and a record 13.9% adjusted EBITDA margin, leading to an upward revision of its annual outlook.

Key takeaways
  • First quarter revenue reached $XXX million, a 44% increase year-over-year, driven by strong project demand across multiple sectors.
  • Adjusted EBITDA rose by 63%, reflecting operational efficiency and robust margin improvement.
  • The project backlog expanded to $3.09 billion, indicating sustained demand supported by population growth and infrastructure investment in the Sunbelt region.
  • Recent acquisitions enhance market position in Houston and strengthen the company’s operational capabilities, with a focus on public infrastructure projects.
  • Expected federal and state contract awards are set to increase by 10% to 15% in fiscal 2026, bolstering the company's growth opportunities.
Full recap
Q4 2025 Nov 20, 2025

Construction Partners reported a transformative fiscal 2025 with a remarkable 54% revenue growth and a record EBITDA margin of 15%, bolstered by strategic acquisitions and organic expansion.

Key takeaways
  • Achieved 54% total revenue growth driven by organic growth of 8.4% and five strategic acquisitions.
  • EBITDA increased by 92% year-over-year, reaching a record margin of 15%.
  • Ended the fiscal year with a $3 billion project backlog, indicating strong future demand.
  • Launched a new five-year plan, “Road 2030,” targeting over $6 billion in revenue and a 17% EBITDA margin by 2030.
  • Continued expansion into high-growth markets, including significant acquisitions in Texas and Florida.
Full recap