Construction Partners Expects 10-15% Contract Awards Growth, Records $3.09B Backlog
Construction Partners saw public contract bidding across eight states in Q1 fiscal 2026, with awards expected to rise 10-15% over the year. As of December 31, 2025, backlog reached a record $3.09 billion, up 16.2% year-over-year, providing strong revenue visibility.
1. Public Contract Bidding Growth
In the first quarter of fiscal 2026, public contract bids across eight states surged, driven by steady maintenance and new infrastructure projects for highways, roads and related assets. Construction Partners foresees federal, state and local awards climbing 10-15% over the fiscal year, underpinning near-term revenue expansion.
2. Record Backlog Provides Visibility
As of December 31, 2025, the company’s backlog reached $3.09 billion, marking a 16.2% year-over-year increase and setting a new high-water mark. This sizeable order book covers a large portion of anticipated revenues, reducing execution risk and enhancing financial visibility.
3. Policy Reauthorization Prospects
Work toward a five-year reauthorization of the surface transportation program is underway, with expectations for per-capita funding boosts to states. Enhanced federal appropriations could accelerate project starts and create a longer, more predictable pipeline of infrastructure work.
4. Regional Expansion in Sunbelt
Construction Partners’ focus on Sunbelt regions aligns with strong economic growth and population migration patterns. This geographic footprint positions the company to capitalize on robust public sector spending and recurring maintenance contracts in high-growth markets.