#United States #Inc. #Construction Partners #Dothan #CPI #Fiscal 2026

Construction Partners, Inc. Reports First Quarter Results for Fiscal Year 2026

Construction Partners, Inc. (CPI), a key player in civil infrastructure, has announced strong financial outcomes for the first quarter of FY2026, which concluded on December 31, 2025. Driven by operational excellence and favorable weather conditions, the company reported noteworthy increases in revenue, adjusted net income, and EBITDA, solidifying its market position across the Sunbelt region.

Strong Revenue Growth

CPI reported revenue of $809.5 million, a significant 44.1% increase compared to $561.6 million in Q1 of FY2025. This rapid growth underscores the company's commitment to enhancing its service offerings and expanding its market reach through strategic acquisitions and organic growth.

Record Backlog and EBITDA

In addition to revenue growth, CPI noted a record project backlog amounting to $3.09 billion, which highlights robust demand within its local markets. The company achieved an Adjusted EBITDA of $112.2 million, up 63.1% from the previous year, resulting in an adjusted EBITDA margin of 13.9%, marking the highest margin for a first quarter in CPI's history.

Aggressive Expansion Strategy

During this quarter, CPI strategically acquired two companies located in Daytona Beach, Florida, and Houston, Texas, as part of its goal to expand its footprint in high-growth areas. These acquisitions enable CPI to enhance its market share, tapping into regions with strong public and private infrastructure activities. The company's ongoing growth strategy emphasizes the importance of its workforce, operational excellence, and a culture focused on safety and project execution.

Financial Position and Future Outlook

The net income for the quarter was $17.2 million, resulting in diluted earnings per share of $0.31, compared to a loss of $3.1 million and a loss per share of **$0.06 in the same quarter last year. Adjusted net income, which accounts for unique expenses related to acquisitions, reached $26.4 million, translating to diluted earnings per share of $0.47.

Looking ahead, CPI has raised its full-year guidance for FY2026, expecting revenue between $3.48 billion and $3.56 billion, alongside adjusted EBITDA projections ranging from $534 million to $550 million. The positive outlook is supported by CPI's growth trajectory, fueled by increased infrastructure funding in the Sunbelt region, strategic acquisitions, and the anticipated contributions from its recent acquisitions in Texas.

Conclusion and Leadership Remarks

Fred J. Smith III, CPI's President and CEO, celebrated the accomplishments as the result of their committed workforce and operational prowess. He expressed confidence that the company would continue to successfully execute its growth strategy, especially as infrastructure needs grow alongside population and economic demands in the areas they serve.

CPI is well-positioned for sustained growth and increased profitability, further solidifying its status as a leading civil infrastructure company.

For more details about CPI’s financial results and outlook, visit Construction Partners Investor Relations.