Construction Partners reports Q1 adjusted EPS 18c, consensus (3c)

Reports Q1 revenue $769.2M, consensus $678.45M. Project backlog was a record $3.14B at March 31, compared to $2.84B at March 31, 2025 and $3.09B at December 31, 2025. Fred J. Smith, III, the Company’s President and CEO, said, “We delivered a strong quarter, driven by exceptional execution across the business. Our teams throughout our family of companies performed at a high level, consistently outperforming on project delivery, productivity, and safety. Favorable weather conditions further supported our ability to advance work efficiently and exceed expectations. Additionally, energy cost volatility had a limited impact on results due to the pass-through nature of our project contracts, as well as the physical hedge inherent to our vertical integration. Strong financial performance in the quarter led to 35% growth in both revenue and Adjusted EBITDA, including 11% organic revenue growth. Our local teams across our Sunbelt footprint continued to capture meaningful project wins, driving our backlog to a record $3.14B. With the peak construction season ahead in the second half of our fiscal year, we are raising our FY26 outlook, and we are well-positioned to execute against this record backlog and sustain our growth momentum.”