{"id":992107,"date":"2026-08-07T07:05:31","date_gmt":"2026-08-07T11:05:31","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/construction-partners-inc-announces-fiscal-2026-third-quarter-results\/"},"modified":"2026-08-07T07:05:31","modified_gmt":"2026-08-07T11:05:31","slug":"construction-partners-inc-announces-fiscal-2026-third-quarter-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/construction-partners-inc-announces-fiscal-2026-third-quarter-results\/","title":{"rendered":"Construction Partners, Inc. Announces Fiscal 2026 Third Quarter Results"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n Revenue Up 28% Compared to Q3 FY25<\/i>\n <\/p>\n

\n Adjusted Net Income Up 34% Compared to Q3 FY25<\/i>\n <\/p>\n

\n Adjusted EBITDA Up 24% Compared to Q3 FY25<\/i>\n <\/p>\n

\n Record Backlog of $3.36 Billion<\/i>\n <\/p>\n

\n Company Raises FY26 Outlook<\/i>\n <\/p>\n

\n DOTHAN, Ala.<\/span>, Aug. 7, 2026<\/span> \/PRNewswire\/ — Construction Partners, Inc. (NASDAQ: ROAD) (“CPI” or the “Company”), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways in local markets throughout the Sunbelt, today reported financial and operating results for the fiscal third quarter ended June 30, 2026.<\/p>\n

Fred J. (Jule) Smith, III, the Company’s President and Chief Executive Officer, said, “Our strong third quarter results reflect the continued execution of our operating strategy and the dedication of our teams throughout the CPI family of companies. During the quarter, we delivered revenue growth of 28% and Adjusted EBITDA growth of 24%, despite the impact of energy cost inflation and extremely wet weather in May across many of our markets. These results underscore the resilience of our decentralized<\/span> operating model, the strength of our local market strategy, and our ability to consistently execute across diverse market conditions. Demand for both public infrastructure and commercial construction projects remained healthy throughout our markets, driving backlog to a record $3.36 billion and providing continued visibility into future growth.”<\/p>\n

Revenues were $999.4 million in the third quarter of fiscal 2026, an increase of 28.2% compared to $779.3 million in the same quarter last year.<\/p>\n

Gross profit was $168.4 million in the third quarter of fiscal 2026, compared to $131.8 million in the same quarter last year.<\/p>\n

General and administrative expenses were $63.1 million in the third quarter of fiscal 2026, compared to $51.0 million in the same quarter last year, and as a percentage of total revenues, decreased 20 basis points to 6.3%, compared to 6.5% in the same quarter last year.<\/p>\n

Net income was $59.6 million in the third quarter of fiscal 2026, compared to net income of $44.0 million in the same quarter last year.<\/p>\n

Adjusted net income(1)<\/sup>\u00a0was $60.6 million in the third quarter of fiscal 2026, compared to Adjusted net income of $45.2 million in the same quarter last year. Using Adjusted net income, diluted earnings per share would have been $1.08 for the third quarter of fiscal 2026, compared to $0.81 in the same quarter last year.<\/p>\n

Adjusted EBITDA(1)<\/sup>\u00a0in the third quarter of fiscal 2026 was $163.0 million, an increase of 23.8% compared to $131.7 million in the same quarter last year.<\/p>\n

Project backlog was a record $3.36 billion at June 30, 2026, compared to $2.94 billion at June 30, 2025 and $3.14 billion at March 31, 2026.<\/p>\n

Smith added, “Earlier this month, we were pleased to expand our Oklahoma footprint through the acquisition of Ellsworth Construction, which further strengthens our presence into two of the fastest-growing markets in the Sunbelt. Ellsworth adds experienced employees, strategically located facilities, and a strong reputation for execution, enhancing our ability to serve the rapidly growing Tulsa and Oklahoma City metropolitan areas. The acquisition also expands our capabilities in the fast-growing data center construction market, where Ellsworth has established a strong presence that complements Overland’s extensive data center portfolio in North Texas. Based on our strong third quarter performance and the expected contribution from Ellsworth, we are raising our fiscal 2026 guidance. We remain on track to deliver sustained revenue growth, expanding profitability, and continued progress toward achieving our ROAD 2030 objectives.”<\/p>\n

\n Fiscal 2026 Outlook<\/b>\n <\/p>\n

The Company is raising its outlook for fiscal year 2026 with regard to revenue, net income, Adjusted net income, Adjusted EBITDA and Adjusted EBITDA margin as follows:<\/p>\n