Construction Partners Q3 revenue beats on strong project demand

Construction Partners

07/08/2026 12:10

Overview
US civil infrastructure builder's fiscal Q3 rev grew 28% yr/yr, beating analyst expectations
Adjusted EPS for fiscal Q3 beat analyst expectations, rising 34% yr/yr
Company raised FY26 outlook and reported record $3.36 bln backlog

Outlook
Company raises FY26 revenue outlook to $3.64 bln-$3.68 bln
Company now sees FY26 net income at $165 mln-$168 mln
Company expects FY26 adjusted EBITDA of $559 mln-$569 mln

Result Drivers
STRONG PROJECT DEMAND - Co said demand for public infrastructure and commercial construction projects remained healthy, driving record backlog
LOCAL MARKET STRATEGY - Co attributed results to strength of decentralized operating model and local market strategy, helping execution across diverse conditions
ACQUISITION IMPACT - Co said acquisition of Ellsworth Construction expanded Oklahoma footprint and enhanced data center construction capabilities

Company press release: ID:nPn5ltwmya

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$999.42 mln
$953.94 mln (6 Analysts)
Q3 Adjusted EPS
Beat
$1.08
$1.05 (6 Analysts)
Q3 Net Income
 
$59.56 mln
 
Q3 Gross Profit
 
$168.39 mln
 
Q3 Operating Income
 
$109.38 mln
 
Q3 Pretax Profit
 
$79.14 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the construction & engineering peer group is "buy"
Wall Street's median 12-month price target for Construction Partners, Inc. is $140.00, about 39.8% above its August 6 closing price of $100.16
The stock recently traded at 28 times the next 12-month earnings vs. a P/E of 38 three months ago

Reuters Recommended Reads
Aug 5 - Construction firm Tutor Perini's Q2 revenue beats estimates, guidance raised
Aug 4 - Jacobs beats quarterly profit estimates on strong infrastructure demand
Aug 4 - Knife River Q2 revenue slightly beats estimates, lifts outlook

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)