struction Partners(ROAD) - 2026 Q1 - Quarterly Results

Financial Performance - Revenue for Q1 FY26 was $809.5 million, a 44.1% increase compared to $561.6 million in Q1 FY25[3] - Adjusted net income for Q1 FY26 was $26.4 million, compared to a net loss of $3.1 million in Q1 FY25[5] - Adjusted EBITDA for Q1 FY26 was $112.2 million, reflecting a 63.1% increase from $68.8 million in Q1 FY25[5] - Net income for the three months ended December 31, 2025, was $17,205,000, a significant improvement from a net loss of $3,051,000 in the same period of 2024[21] - Adjusted EBITDA for the same period was $112,201,000, representing an increase from $68,797,000 year-over-year, with an Adjusted EBITDA margin of 13.9% compared to 12.3%[25] - Total revenues for the three months ended December 31, 2025, were $809,469,000, up from $561,580,000 in 2024, indicating a growth of approximately 44.2%[25] Strategic Acquisitions - The company completed two strategic acquisitions in Q1 FY26 and announced another acquisition in Houston, Texas, enhancing market share in high-growth regions[3] - The company has completed eight strategic acquisitions in less than fifteen months, demonstrating the scalability of its growth strategy[8] Financial Outlook - The fiscal 2026 revenue outlook has been raised to a range of $3.480 billion to $3.560 billion, reflecting better-than-expected Q1 results[13] - The company anticipates organic growth of approximately 7% to 8% for fiscal 2026, supported by strong infrastructure funding[7] - Adjusted EBITDA margin for fiscal 2026 is projected to be in the range of 15.34% to 15.45%[13] - The company expects fiscal year 2026 revenues to range between $3,480,000,000 and $3,560,000,000, with an Adjusted EBITDA forecast of $534,000,000 to $550,000,000[29] - Adjusted net income for fiscal year 2026 is projected to be between $163,500,000 and $168,700,000[31] Cash Flow and Assets - Cash flows from operating activities for the three months ended December 31, 2025, provided $82,567,000, compared to $40,663,000 in the prior year[21] - Total assets increased to $3,358,587,000 as of December 31, 2025, up from $3,238,856,000 at the end of September 2025[19] - Long-term debt, net of current maturities, rose to $1,704,656,000, compared to $1,573,614,000 in the previous quarter[19] - Cash, cash equivalents, and restricted cash at the end of the period were $104,190,000, down from $133,068,000 in the previous year[21] Expenses - General and administrative expenses were $61.5 million in Q1 FY26, decreasing as a percentage of total revenues to 7.7% from 7.9% in Q1 FY25[4] - The company reported a significant increase in share-based compensation expense, totaling $14,882,000 for the three months ended December 31, 2025, compared to $14,403,000 in 2024[21] Project Backlog - The company reported a record project backlog of $3.09 billion as of December 31, 2025, up from $2.66 billion a year earlier[5]