Construction Partners, Inc. has recently released its 10-Q report, providing an in-depth look into the company's financial condition and operations. Construction Partners, Inc. is a civil infrastructure company that focuses on the construction and maintenance of roadways in Alabama, Florida, Georgia, North Carolina, Oklahoma, South Carolina, Tennessee, and Texas. The company offers a range of products and services for public and private infrastructure projects, including highways, roads, bridges, airports, and commercial and residential developments. Additionally, the company engages in manufacturing and distributing hot mix asphalt (HMA) and site development activities.
In the 10-Q report, Construction Partners, Inc. reported a contract backlog of $3.1 billion as of December 31, 2025. This backlog represents the dollar value of work the company expects to perform in the future and includes uncompleted work on contracts in progress, as well as contracts for which the company has executed but not commenced work. The backlog also includes low bid/no contract projects, consisting of public bid projects and private work projects for which the company has been notified but no contract has been executed. The backlog of uncompleted work on contracts under which work was either in progress or had not yet begun was $2.4 billion, while the low bid/no contract backlog was $0.7 billion at the end of 2025.
The report also highlighted several business acquisitions made by Construction Partners, Inc. On October 6, 2025, the company acquired certain asphalt manufacturing and construction assets from affiliates of Vulcan Materials Company in the Houston, Texas metro area. This transaction added eight HMA plants and related crews and equipment, expanding the company’s operations in southeastern Texas. Subsequently, on October 20, 2025, Construction Partners, Inc. acquired all of the equity interests of P&S Paving, LLC, an asphalt manufacturing and construction business headquartered in Daytona Beach, Florida, which added two HMA plants and related crews and equipment serving northeast and central Florida. Additionally, on January 30, 2026, the company acquired substantially all of the assets of GMJ Paving Company, LLC, an asphalt manufacturing and construction business in the Houston, Texas metro area, further expanding its operations in southeastern Texas.
The report also provided detailed financial performance indicators, including adjusted EBITDA, adjusted EBITDA margin, and adjusted net income. For the three months ended December 31, 2025, Construction Partners, Inc. reported adjusted EBITDA of $112.2 million, representing a 63.1% increase compared to the same period in 2024. Adjusted net income for the same period was $26.4 million, reflecting a substantial 99.0% increase from the previous year.
Following these announcements, the company's shares moved 2.04%, and are now trading at a price of $114.42. For more information, read the company's full 10-Q submission here.
