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ROADBullishEarningsnews
High materiality9/10

Backlog Record and Ellsworth Buy Boost CPI, Raising FY26 Outlook

Aug 7, 2026, 7:08 AM EDT1 sourcesAI-analyzed
Why it may matterVerify against the original reporting

Key catalysts—record backlog, raised FY26 outlook, and the Ellsworth acquisition—raise visibility into sustained revenue growth and margin expansion, typical near-term upside for a small-cap infrastructure contractor once investors digest the longer-term combination of organic and acquisitive growth.

AI summary

What happened, with direct paths to the underlying reporting

Construction Partners, Inc. reported Q3 FY2026 revenue of $999.4M, up 28.2% year over year, with Adjusted EBITDA of $163.0M and a record backlog of $3.36B. The company completed the Ellsworth Construction acquisition, expanding its Oklahoma footprint and data-center construction capabilities, prompting a raised FY2026 outlook to $3.64–3.68B revenue and $559–569M EBITDA. The results highlight durable demand in Sunbelt markets and CPI's ability to scale through organic growth and acquisitions, advancing ROAD 2030 objectives.

  • Revenue $999.4M, up 28.2% YoY; backlog record $3.36B.
  • Adjusted EBITDA $163.0M; Adjusted net income $60.6M; EPS $1.08 (diluted).
  • Ellsworth Construction acquisition expands Oklahoma footprint; data center construction presence grows.
  • FY2026 outlook raised: revenue $3.64–3.68B; Adjusted EBITDA $559–569M; margin 15.36–15.46%.
  • Sunbelt public/private demand remains healthy; CPI reiterates ROAD 2030 growth plan.

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