Management described steady commercial demand supported by population migration to the Sun Belt, reshoring of manufacturing and supply chains, and continued build-out of AI-related infrastructure. Smith cited examples of projects the company is bidding or executing, including work tied to distribution facilities, manufacturing, and data-center-related infrastructure.The company ended the quarter with a project backlog of $3.09 billion as of December 31, 2025. Hoffman said approximately 80% to 85% of the nex ...

This acquisition represents our twelfth hot mix plant in the Houston market, further strengthening our geographic footprint and providing incremental throughput opportunities at our nearby liquid asphalt terminal at the Houston Port. Last August, we made our first entry into the Houston market with our acquisition of Durwood Green Construction, and then we significantly expanded operations in October with the acquisition of Vulcan's Asphalt Construction assets in Houston. With the addition of GMJ, we are fu ...

Financial Data and Key Metrics Changes - First quarter revenue increased by 44% year-over-year, reaching $809.5 million, with 3.5% organic growth and 40.6% from acquisitions [5][14] - Adjusted EBITDA rose by 63% to $112.2 million, with an adjusted EBITDA margin of 13.9%, the highest first quarter margin in company history [5][15] - Net income was reported at $17.2 million, while adjusted net income was $26.4 million, translating to adjusted earnings per diluted share of $0.47 [15] Business Line Data and Key Metrics Changes - The company has a project backlog of $3.09 billion, indicating strong demand across its markets [5][18] - The commercial sector is experiencing steady project bidding, supported by population migration to the Sun Belt and reshoring trends [6][8] - The public sector is expected to see a 10%-15% increase in contract awards for FY 2026 compared to FY 2025, particularly in small and medium-sized maintenance projects [8][9] Market Data and Key Metrics Changes - The company is actively participating in approximately 1,000 commercial sector projects across eight states [7] - The federal and state governments are continuing to invest in infrastructure, which is expected to drive demand for the company's services [8][9] Company Strategy and Development Direction - The company aims to double its revenue to over $6 billion by 2030, targeting an EBITDA margin growth to approximately 17% [12][13] - Recent acquisitions, including GMJ Paving Company, are part of a strategy to strengthen market position and expand geographic footprint [10][11] - The company is focused on both organic growth and strategic acquisitions to enhance shareholder value [12][81] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ongoing demand for infrastructure projects and the positive impact of recent acquisitions on future growth [9][10] - The company anticipates a robust pipeline of acquisition opportunities and plans to continue using cash flow from operations to fund these acquisitions [81][82] - Management remains optimistic about the reauthorization of the Surface Transportation Program, expecting increased funding for infrastructure projects [82][83] Other Important Information - Cash flow from operations was $82.6 million in Q1, up from $40.7 million in the same quarter last year [16] - The company expects to convert 75%-85% of EBITDA to cash flow from operations in FY 2026 [17] Q&A Session Summary Question: Can you provide more details on the acquisition pipeline? - Management indicated a robust pipeline with a mix of platform deals and tuck-ins, emphasizing strategic and cultural fit in acquisitions [24][25] Question: What is the size and scope of the data center project mentioned? - Management clarified that data centers are part of their commercial projects, with ongoing demand in southern and southeastern markets [28][29] Question: How do you expect to achieve the organic growth target of 7%-8% for the year? - Management explained that delays in project starts and competitive dynamics affected Q1 organic growth but reaffirmed the full-year target [34][35] Question: What is the outlook for public sector bidding? - Management expects public sector contract awards to increase by 10%-15% this year, with steady demand in the commercial market as well [50][54] Question: How confident are you in reducing leverage to 2.5 times by year-end? - Management expressed confidence in achieving the leverage target through strong cash flow generation and strategic acquisitions [78][81]

Construction Partners (NasdaqGS:ROAD) Q1 2026 Earnings call February 05, 2026 10:00 AM ET Company ParticipantsGreg Hoffman - CFOJule Smith - CEONed Fleming - Executive ChairmanRick Black - Head of Investor RelationsConference Call ParticipantsAdam Thalhimer - AnalystAndrew Wittmann - AnalystEthan Trollinger - AnalystKathryn Thompson - AnalystNandita Nayar - AnalystOperatorWelcome to the Construction Partners first quarter earnings conference call. At this time, all participants are in a listen-only mode. A ...

Construction Partners (NasdaqGS:ROAD) Q1 2026 Earnings call February 05, 2026 10:00 AM ET Speaker8Welcome to the Construction Partners first quarter earnings conference call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. If anyone should require operator assistance, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce Rick Black, Investor Relations. ...

Construction Partners (ROAD) came out with quarterly earnings of $0.47 per share, beating the Zacks Consensus Estimate of $0.31 per share. This compares to earnings of $0.25 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +51.61%. A quarter ago, it was expected that this road and highway construction company would post earnings of $1.11 per share when it actually produced earnings of $1.07, delivering a surprise of -3.6%.Over ...

Exhibit 99.1 NEWS RELEASE Construction Partners, Inc. Announces Fiscal 2026 First Quarter Results Revenue Up 44% Compared to Q1 FY25 Adjusted Net Income Up 99% Compared to Q1 FY25 Adjusted EBITDA Up 63% Compared to Q1 FY25 Record Backlog of $3.09 Billion Company Raises FY26 Outlook DOTHAN, AL, February 5, 2026 – Construction Partners, Inc. (NASDAQ: ROAD) ("CPI" or the "Company"), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways in local market ...

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Revenue Up 44% Compared to Q1 FY25 Adjusted Net Income Up 99% Compared to Q1 FY25 Adjusted EBITDA Up 63% Compared to Q1 FY25 Record Backlog of $3.09 Billion Company Raises FY26 Outlook DOTHAN, Ala., Feb. 5, 2026 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ: ROAD) ("CPI" or the "Company"), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways in local markets throughout the Sunbelt, today reported financial and operating results for the fisca ...

If you like to see more ideas, please subscribe to the premium service "Value in Corporate Events" here and try the free trial. In this service we cover major earnings events, M&A, IPOs and other significant corporate events with actionable ideas. Furthermore, we provide coverage of situations and names on request!Shares of Construction Partners ( ROAD ) have seen continued gains. This came after I concluded that the company was paving the road for continued growth at the end of 2024.The Value Investor has ...