Construction Partners, Inc. Reports 28.2% Revenue Growth to $999.4 Million in Latest Quarter

Construction Partners, Inc. reported significant financial growth in its latest quarterly results, with revenues for the three months ended June 30, 2026, reaching $999.4 million, a 28.2% increase from $779.3 million in the same period last year. For the nine months ended June 30, 2026, revenues totaled $2.58 billion, up 34.8% from $1.91 billion in the prior year. The company attributed this growth to $151 million in revenues from acquisitions and strong demand in existing markets, particularly in public and private construction projects.

The company's net income for the quarter was $59.6 million, a 35.2% increase from $44.0 million in the previous year. For the nine-month period, net income rose to $85.9 million, compared to $45.2 million in the same period last year. The increase in profitability was driven by higher gross profit, which rose to $168.4 million for the quarter and $388.7 million for the nine months, reflecting improved operational efficiencies and increased revenues. However, general and administrative expenses also increased, totaling $63.1 million for the quarter, primarily due to costs associated with acquired businesses.

In terms of strategic developments, Construction Partners has been active in expanding its operations through acquisitions. The company completed several significant acquisitions, including assets from Vulcan Materials Company and P&S Paving, which added multiple hot mix asphalt (HMA) plants and construction crews across key markets in Texas and Florida. Additionally, the company acquired GMJ Paving Company and Four Star Paving, further enhancing its operational footprint. Most recently, on July 10, 2026, it acquired Ellsworth Construction, which added an HMA plant and construction crews in Oklahoma.

Operationally, the company reported a contract backlog of $3.4 billion as of June 30, 2026, indicating a strong pipeline of future work. This backlog includes $2.7 billion in uncompleted contracts and $0.7 billion in low bid/no contract projects. The company also noted an increase in its employee headcount, reflecting its growth strategy and the need for additional workforce to support its expanding operations.

Looking ahead, Construction Partners expects to continue leveraging its acquisitions and strong market demand to drive growth. The company anticipates that its operating cash flow and available borrowings will be sufficient to fund operations and capital expenditures over the next 12 months. However, it remains cautious about potential impacts from inflation and supply chain constraints on future cash flows and capital requirements.