Construction Partners reports Q1 adjusted EPS 47c, consensus 31c

Reports Q1 revenue $809.5M, consensus $743.12M. Fred Smith, III, the company’s President and CEO, said, “We are pleased to report a strong start to fiscal 2026, driven by outstanding operational execution across our family of companies and supported by favorable first-quarter weather. Revenue increased 44% and Adjusted EBITDA increased 63% in the quarter, resulting in an Adjusted EBITDA margin of 13.9%, the highest first-quarter margin in our history. We also ended the quarter with a record project backlog of $3.09 billion, underscoring the strength of demand across our markets.”