Cardinal Infrastructure Q2 revenue jumps 114% on organic and acquisition growth, raises 2026 sales guidance

• Organic and acquisition growth - Revenue growth was driven by 64% organic expansion and contributions from acquisitions completed in late 2025, ALGC, and Piedmont Pipe.
• Higher costs and investments - Margins were pressured by increased subcontracted labor and equipment rental costs, and accelerated investments in corporate infrastructure.
• Weather-related disruptions - Intense weather-related disruptions in parts of the Southeast weighed on results, with some cost recovery expected in the second half.

Cardinal Infrastructure reported second-quarter revenue up 114% year over year, driven by 64% organic growth and contributions from acquisitions completed in late 2025, ALGC and Piedmont Pipe.

Adjusted EBITDA for Q2 rose 43% year over year, but margin fell due to higher costs and investments.