Construction Partners Reports Strong Q2 Results, Record Backlog, and Raises Full-Year 2026 Outlook
ROAD sits 60% above its 52-week low of $88.88.
Summary
Construction Partners reported strong Q2 fiscal 2026 results with significant revenue and profit growth, achieved a record backlog, and raised its full-year 2026 financial outlook.
Key Events · Earnings and Guidance · ROAD
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Strong Q2 Financial Performance
For the fiscal quarter ended March 31, 2026, revenue increased 34.5% to $769.2 million, and Adjusted EBITDA grew 34.6% to $93.3 million. Net income more than doubled to $9.2 million, with diluted EPS of $0.16.
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Record Backlog Achieved
The company reported a record project backlog of $3.14 billion as of March 31, 2026, up from $2.84 billion in the prior year, indicating strong future revenue visibility.
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Fiscal Year 2026 Outlook Raised
Management raised its full-year fiscal 2026 outlook, with revenue now projected between $3.590 billion and $3.650 billion, and Adjusted EBITDA between $552.0 million and $564.0 million.
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Strategic Acquisition Completed
The company completed a strategic acquisition of Four Star Paving in April, strengthening its vertical integration and expanding capabilities in the middle Tennessee region.
Analysis · ROAD · Real Estate & Construction
Construction Partners, Inc. delivered a robust second fiscal quarter, significantly exceeding prior year performance across key financial metrics. The company reported substantial revenue and Adjusted EBITDA growth, alongside a more than doubling of net income. A record backlog of $3.14 billion indicates strong future revenue visibility. Crucially, management raised its full-year 2026 outlook for revenue, net income, and Adjusted EBITDA, signaling increased confidence in sustained growth and profitability. This positive update, following a strategic acquisition in April, provides strong fundamental support for the company's current valuation, especially as it trades near its 52-week high.
How filings like this one have moved
In the 30 days to Oct 5, 2026, 36.9% of the 964 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.65%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, ROAD was trading at $141.99 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $7.4B. The 52-week trading range was $88.88 to $141.90. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.