Construction Partners, Inc. (NASDAQ: ROAD) has reported its fiscal 2026 first-quarter results, showcasing significant growth across key financial metrics compared to the same period in the previous fiscal year.
For the first quarter ended December 31, 2025, the company reported a 44.1% increase in revenue, reaching $809.5 million compared to $561.6 million in the same quarter last year. Gross profit also saw a substantial rise, reaching $121.5 million compared to $76.6 million in the same quarter last year.
Adjusted net income for the first quarter of fiscal 2026 surged to $26.4 million, marking a remarkable 99% increase compared to the same quarter in the previous fiscal year. This significant growth is further highlighted through diluted earnings per share of $0.47, compared to a net loss of $3.1 million and diluted losses per share of $0.06 in the same quarter last year.
Moreover, adjusted EBITDA for the first quarter of fiscal 2026 experienced a substantial increase of 63.1%, reaching $112.2 million compared to $68.8 million in the same quarter last year. The company also achieved a record project backlog of $3.09 billion at the end of December 31, 2025, compared to $2.66 billion at the end of December 31, 2024, and $3.0 billion at the end of September 30, 2025.
Fred J. (Jule) Smith, III, the President and Chief Executive Officer of Construction Partners, Inc., expressed satisfaction with the strong start to fiscal 2026, attributing the performance to outstanding operational execution and favorable first-quarter weather. He emphasized the company's record project backlog as an indication of the robust demand across its markets.
In line with the impressive first-quarter results, the company has raised its outlook for fiscal year 2026 across various financial metrics. Construction Partners, Inc. now anticipates organic growth of approximately 7% to 8%, reflecting the strong industry tailwinds in its local markets.
The company's Executive Chairman, Ned N. Fleming, III, highlighted the exceptional execution by the team and emphasized the scalability and repeatability of its growth strategy, which has included completing eight strategic acquisitions in less than fifteen months.
The positive financial performance and strategic acquisitions underscore the company's position to compound value and capitalize on opportunities as it extends its geographic reach and increases the scale of its operations.
The market has reacted to these announcements by moving the company's shares 2.04% to a price of $114.42. For more information, read the company's full 8-K submission here.
