Construction Partners Q1 revenue up 44%, beats estimates

-3.47% Pre

Construction Partners, Inc. Class A

ROAD

130.48

-3.47%

0.00% Pre

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

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