Construction Partners, Inc. trades at a forward 12-month price-to-sales ratio of 34.37 times, well above the Zacks Building Products - Miscellaneous industry average of 18.91 times, raising debate over whether its growth justifies the premium. The company reported a record backlog of $3.14 billion, with 80 to 85 percent of next-12-month contract revenues already covered, and raised its fiscal 2026 revenue outlook to between $3.59 billion and $3.65 billion. Second-quarter fiscal 2026 revenues rose 35 percent year over year, adjusted EBITDA increased 35 percent, and organic growth was 11 percent. The Zacks Consensus Estimate for fiscal 2026 earnings has risen to $2.95 per share from $2.89 over the past 60 days, while the fiscal 2027 estimate increased to $3.72 from $3.66. The company continues to expand through acquisitions, completing its fourth deal of fiscal 2026 and 17th since fiscal 2024, and benefits from commercial demand tied to data centers, warehouses, and reindustrialization projects.
Construction Partners IncRecord backlog, raised revenue outlook, strong demand from data centers and reindustrialization.
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