Construction Partners (ROAD) Q2 2026 earnings summary

Executive summary

• Revenue for Q2 FY26 grew to $769.2 million, up 34.6%–35% year-over-year, driven by acquisitions and organic growth in both public and private markets.

• Net income doubled to $9.2 million, with adjusted net income at $10.4 million and adjusted EPS at $0.18.

• Adjusted EBITDA rose 34.6%–35% to $93.3 million, maintaining a margin of 12.1%.

• Record backlog reached $3.14 billion, up from $2.84 billion a year ago, supporting a raised FY26 outlook.

• Major acquisitions, including Four Star Paving, expanded operations and contributed to growth.

Financial highlights

• Q2 revenue was $769.2 million, up 34.6%–35% year-over-year; 11% organic and 24% acquisitive growth.

• Gross profit rose to $98.9 million, with gross margin improving to 12.9% from 12.5% last year.

• Operating income for Q2 FY26 was $37.4 million, up from $27.3 million last year.

• Adjusted EBITDA margin was 12.1% for Q2; diluted EPS doubled to $0.16.

• Cash flow from operations was $65.2 million, up from $55.6 million in Q2 FY25.

Outlook and guidance

• FY26 revenue guidance raised to $3.59–$3.65 billion.

• Net income expected at $159–$162 million; adjusted net income at $170.4–$174.2 million.

• Adjusted EBITDA guidance increased to $552–$564 million; margin expected at 15.38%–15.45%.

• Contract backlog at March 31, 2026, was $3.1–$3.14 billion, with $2.6 billion in uncompleted work.

• Organic growth for FY26 anticipated at 7%–8%.