Construction Partners Raises Fiscal 2026 Guidance After Strong Q3

Earnings
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Summary · why it matters

Construction Partners reported third-quarter fiscal 2026 revenue of $999.4 million, up 28.2% from $779.3 million, and raised its full-year guidance. Adjusted EBITDA rose 23.8% to $163.0 million, while adjusted net income increased 34% to $60.6 million, or $1.08 per diluted share. The company's project backlog reached a record $3.36 billion at June 30, 2026, with 80% to 85% of next-12-month contract revenue covered. Fiscal 2026 revenue guidance was raised to $3.64 billion to $3.68 billion, and adjusted EBITDA guidance to $559.0 million to $569.0 million, reflecting third-quarter outperformance and the Ellsworth Construction acquisition. Management highlighted a $130 million Oklahoma data center pipeline and a $100 million Texas data center pipeline, and noted that approximately 45% of IIJA funding remains available for deployment.

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Ellsworth ConstructionPrivate▲ Positive
Capitalrelevance

Acquired by Construction Partners, contributing to raised guidance.