Construction Partners Q1 revenue up 44%, beats estimates

Construction Partners

05/02/2026 12:38

Overview

Civil infrastructure firm's fiscal Q1 revenue up 44%, beating analyst expectations

Adjusted EPS for fiscal Q1 beat analyst expectations

Company completed strategic acquisitions in Daytona Beach and Houston

Outlook

Company raises FY26 revenue outlook to $3.48 bln-$3.56 bln

Company expects FY26 net income between $154 mln and $158 mln

Company projects FY26 adjusted EBITDA margin of 15.34%-15.45%

Result Drivers

OPERATIONAL EXECUTION - Co attributed strong Q1 results to outstanding operational execution and favorable weather conditions

RECORD BACKLOG - Co ended Q1 with a record project backlog of $3.09 bln, indicating strong market demand

STRATEGIC ACQUISITIONS - Co completed acquisitions in Daytona Beach and Houston, aiding expansion and market share growth

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$809.47 mln
$752.12 mln (7 Analysts)
Q1 Adjusted EPS
Beat
$0.47
$0.30 (7 Analysts)
Q1 Net Income
$17.21 mln
Q1 Gross Profit
$121.50 mln
Q1 Operating Income
$50.41 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "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 $124.00, about 8% above its February 4 closing price of $114.77

The stock recently traded at 37 times the next 12-month earnings vs. a P/E of 39 three months ago

Press Release: ID:nPn1mKHv4a

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.)