Construction Partners Q2 Revenue Climbs 34.5% to $769.2M; Raises FY26 Outlook
Construction Partners’ Q2 revenue rose 34.5% to $769.2 million and adjusted EBITDA grew 34.6% to $93.3 million, while adjusted net income surged 136% to $10.4 million. The company reported a record backlog of $3.14 billion, raised its FY26 revenue outlook to $3.59–$3.65 billion and completed acquisition of Four Star Paving.
1. Q2 Financial Results
In the fiscal second quarter ended March 31, 2026, Construction Partners delivered revenues of $769.2 million, up 34.5% year-over-year. Gross profit expanded to $98.9 million from $71.4 million, and net income increased to $9.2 million, or $0.16 per diluted share. On an adjusted basis, net income rose 136% to $10.4 million, or $0.18 per share, and adjusted EBITDA grew 34.6% to $93.3 million.
2. Record Backlog and Raised Outlook
Project backlog reached a record $3.14 billion as of quarter end, up from $2.84 billion a year earlier. Supported by continued project wins across the Sunbelt, the company raised its full-year revenue guidance to $3.59–$3.65 billion. Adjusted EBITDA guidance was increased to $552–$564 million, with an expected margin of 15.38%–15.45%.
3. Strategic Acquisition Expands Tennessee Footprint
In April, the company’s Tennessee platform, Pavement Restorations Inc., acquired Four Star Paving to bolster vertical integration and service scale in Middle Tennessee. This transaction enhances the firm’s positioning in the rapidly growing Nashville metro market and expands its local paving and maintenance capabilities.
4. Operational Drivers and Growth Factors
Exceptional weather conditions and cost-pass-through contract structures limited energy-price volatility impact. The company achieved 11% organic revenue growth by leveraging its decentralized partnership model, rigorous safety standards and productivity gains across its eight-state Sunbelt footprint.