Cardinal Infrastructure Group raised its full-year revenue guidance to $880 million to $900 million, reflecting nearly 100% year-over-year growth driven by strong demand and a record backlog. Second-quarter revenue grew 114%, supported by robust commercial, industrial, and residential demand and the integration of recent acquisitions. Adjusted EBITDA margin guidance was revised to 16% to 18% due to transitional costs, weather impacts, and infrastructure investments, with a rebound expected in the second half of 2026. The company acquired Allied Paving for approximately 5.5 times EBITDA, funded by a recent equity offering, and completed its first asphalt manufacturing facility in Raleigh as part of a shift toward vertical integration. Management noted that margin pressure was transitional, caused by weather in Georgia and delayed project starts, and that the company is selectively declining residential work that does not meet internal margin thresholds.
Salesforce.com Inc
NVIDIA CorporationCardinal Infrastructure Group Inc. Class A Common StockRaised full-year revenue guidance and reported strong Q2 growth, though margin guidance trimmed due to transitional costs.
