Cardinal Infrastructure Group Inc. expanded its footprint beyond the Carolinas into Georgia through an acquisition during the first quarter of 2026, a move that was well received by the market. The company, which installs water, sewer and stormwater systems, reported revenue of $168 million in Q1 2026, up 105% from the same period in 2025. Wasatch Micro-Cap Fund highlighted the expansion in its Q1 2026 investor letter, noting the company's strong order backlog and long runway for geographic and acquisition-driven growth. Cardinal Infrastructure Group's stock closed at $81.40 per share on June 18, 2026, with a one-month return of 66.63% and a 52-week gain of 236.64%, giving it a market capitalization of $1.24 billion.
Cardinal Infrastructure Group Inc. Class A Common StockAcquisition expands footprint into Georgia, revenue up 105%, strong order backlog, and stock has risen significantly.
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