Construction Partners Inc

Latest Results (16.05.2026):

Construction Partners, Inc. — reporting results for the fiscal 2026 second quarter (ended March 31, 2026) — delivered a strong quarter with revenue up ~34.5% year‑over‑year to $769.2 million, expanded adjusted EBITDA and adjusted net income, a record backlog, and an upward revision to full‑year FY2026 guidance.

Revenue

Revenues were $769.2 million in Q2 FY2026, a 34.5% increase vs. Q2 FY2025; management noted ~11% organic revenue growth.

Profitability & margins

Gross profit was $98.9 million. Adjusted EBITDA was $93.3 million (up 34.6% y/y) with an adjusted EBITDA margin of 12.13% for the quarter. General & administrative expenses were $63.6 million (8.3% of revenue).

Net income & EPS

Net income was $9.18 million (diluted EPS $0.16) vs. $4.22 million ($0.08) a year earlier. Adjusted net income was $10.37 million (adjusted diluted EPS $0.18), an increase of roughly 136% y/y on the company’s adjusted basis.

Backlog & acquisition

Project backlog reached a record $3.14 billion at March 31, 2026 (vs. $2.84 billion at 3/31/25). CPI completed the April acquisition of Four Star Paving to strengthen its Tennessee platform and vertical integration.

Updated FY2026 outlook

The company raised FY2026 guidance to: revenue $3.590–3.650 billion; net income $159–162 million; adjusted net income $170.4–174.2 million; adjusted EBITDA $552–564 million; adjusted EBITDA margin 15.38%–15.45%.

Balance sheet & cash flow highlights

Total assets were $3.439 billion and total liabilities $2.459 billion, leaving stockholders’ equity of $979 million. Cash and cash equivalents were about $76.9 million at quarter end. Net cash provided by operating activities (YTD) was $147.8 million; investing used $337.1 million (including ~$275.9 million of acquisition spend).