Construction Partners Q2 revenue jumps 35%, beats estimates; lifts outlook

Construction Partners

08/05/2026 12:11

Overview

U.S. civil infrastructure firm's fiscal Q2 revenue rose 35%, beating analyst expectations

Adjusted net income for fiscal Q2 more than doubled year-over-year

Company raised FY26 outlook after record $3.14 bln project backlog

Outlook

Construction Partners raises FY26 revenue outlook to $3.59 bln-$3.65 bln

Company sees FY26 net income of $159 mln-$162 mln

Construction Partners expects FY26 adjusted EBITDA of $552 mln-$564 mln

Result Drivers

PROJECT EXECUTION - Co said exceptional execution across business units drove Q2 results, per CEO Jule Smith

FAVORABLE WEATHER - Co said favorable weather conditions supported efficient project advancement in Q2

ENERGY COSTS - Co said energy cost volatility had limited impact due to pass-through contract terms and vertical integration

Company press release: ID:nPn6vXfW6a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$769.2 mln
$677.62 mln (6 Analysts)
Q2 EPS
$0.16
Q2 Net Income
$9.18 mln
Q2 Gross Profit
$98.85 mln
Q2 Operating Income
$37.38 mln
Q2 Pretax Profit
$12.07 mln


Analyst Coverage

The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 1 "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 $135.00, about 2.8% above its May 7 closing price of $131.36

The stock recently traded at 40 times the next 12-month earnings vs. a P/E of 36 three months ago

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.)