Construction Partners Posts Record Q3 Revenue of $999M and Lifts FY26 Outlook
ROAD is trading near its 52-week low of $93.22 (14% above the low).
Summary
Construction Partners reported Q3 FY2026 revenue of $999.4M (+28% YoY) and raised its full-year outlook, driven by strong infrastructure demand and a record $3.36B backlog.
Key Events · Earnings and Guidance · ROAD
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Q3 Revenue Up 28% to $999M
Revenue reached $999.4 million, driven by organic growth and acquisitions, with net income of $59.6 million and Adjusted EBITDA of $163.0 million.
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Record Backlog of $3.36 Billion
Backlog grew to $3.36 billion, up from $2.94 billion a year ago, providing strong visibility into future revenue.
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FY26 Guidance Raised
Full-year revenue outlook increased to $3.64-$3.68 billion, with Adjusted EBITDA expected between $559 million and $569 million.
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Ellsworth Acquisition Contribution
The recently acquired Ellsworth Construction expands the company's Oklahoma footprint and data center construction capabilities, contributing to the raised guidance.
Analysis · ROAD · Real Estate & Construction
A standout fiscal third quarter saw revenue climb 28% to $999.4 million and net income jump 35% to $59.6 million. Bolstered by sustained demand and the recent Ellsworth Construction acquisition, management raised full-year guidance across all key metrics. A record backlog of $3.36 billion offers clear visibility into future growth, though the stock's reaction will hinge on whether the raised outlook satisfies elevated expectations following the recent share-price run-up.
At the time of this filing, ROAD was trading at $106.26 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $5.7B. The 52-week trading range was $93.22 to $151.00. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.