Construction Partners (NASDAQ:ROAD) Releases Earnings Results

Posted by George Bondi on Aug 8th, 2026

Construction Partners (NASDAQ:ROAD – Get Free Report) released its quarterly earnings data on Friday. The company reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.07, Briefing.com reports. Construction Partners had a net margin of 3.90% and a return on equity of 15.22%. The firm had revenue of $999.42 million during the quarter, compared to analysts’ expectations of $948.77 million. During the same period last year, the business earned $0.81 earnings per share. Construction Partners’s revenue was up 28.2% compared to the same quarter last year.

Here are the key takeaways from Construction Partners’ conference call:

Strong third-quarter performance included revenue of $999.4 million, up 28.2% year over year, adjusted EBITDA growth of 24% to $163 million, and adjusted EPS of $1.08.
Construction Partners raised fiscal 2026 guidance to revenue of $3.64 billion–$3.68 billion, adjusted EBITDA of $559 million–$569 million, and adjusted EBITDA margins of 15.35%–15.46%, representing roughly 30% growth.
Record backlog reached $3.36 billion, covering approximately 80%–85% of the next 12 months of contract revenue; management also cited robust public infrastructure demand and expanding data-center opportunities.
The Ellsworth Construction acquisition expands CPI’s Oklahoma footprint and data-center exposure, while management reported an active pipeline of additional platform and tuck-in acquisition candidates and approximately $140 million of acquired revenue carrying into fiscal 2027.
Management expects no meaningful business disruption from a potential continuing resolution for federal transportation funding, though it acknowledged that short-term projects could receive preference until a new multi-year highway bill is enacted.

Construction Partners Stock Up 19.5%

Shares of NASDAQ:ROAD traded up $19.58 during trading on Friday, hitting $119.74. The company’s stock had a trading volume of 1,970,894 shares, compared to its average volume of 1,355,087. The business has a 50 day moving average price of $109.58 and a two-hundred day moving average price of $116.53. The company has a market capitalization of $6.77 billion, a PE ratio of 52.52, a P/E/G ratio of 0.85 and a beta of 0.89. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.21 and a current ratio of 1.53. Construction Partners has a fifty-two week low of $93.42 and a fifty-two week high of $151.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ROAD. Morse Asset Management Inc increased its stake in shares of Construction Partners by 300.0% during the third quarter. Morse Asset Management Inc now owns 240 shares of the company’s stock worth $30,000 after buying an additional 180 shares during the period. Danske Bank A S purchased a new stake in Construction Partners during the third quarter worth approximately $38,000. Quarry LP acquired a new position in Construction Partners in the third quarter valued at approximately $42,000. Summit Securities Group LLC acquired a new position in Construction Partners in the fourth quarter valued at approximately $61,000. Finally, NewEdge Advisors LLC increased its stake in Construction Partners by 161.1% in the second quarter. NewEdge Advisors LLC now owns 564 shares of the company’s stock valued at $60,000 after purchasing an additional 348 shares during the last quarter. 94.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on ROAD shares. Robert W. Baird dropped their target price on shares of Construction Partners from $169.00 to $145.00 and set an “outperform” rating for the company in a report on Wednesday, July 1st. Weiss Ratings lowered Construction Partners from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Truist Financial began coverage on Construction Partners in a research note on Wednesday, June 3rd. They issued a “hold” rating and a $130.00 price objective for the company. Raymond James Financial decreased their target price on Construction Partners from $161.00 to $150.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, July 15th. Finally, Zacks Research cut Construction Partners from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $134.17.

Check Out Our Latest Research Report on Construction Partners

Trending Headlines about Construction Partners

Here are the key news stories impacting Construction Partners this week:

Positive Sentiment: Quarterly earnings and revenue exceeded expectations. Fiscal Q3 EPS was $1.08, above analyst estimates ranging from $1.01 to $1.06 and up from $0.81 a year earlier. Revenue reached $999.4 million, surpassing expectations of approximately $948.8 million and increasing 28.2% year over year. Construction Partners Q3 Earnings and Revenues Surpass Estimates
Positive Sentiment: Profitability improved materially. Adjusted net income rose 34% from the prior-year quarter, while adjusted EBITDA increased 24%, suggesting that revenue growth is translating into stronger operating performance. Construction Partners Fiscal 2026 Third Quarter Results
Positive Sentiment: Backlog reached a record $3.36 billion. The backlog provides visibility into future work and supports the investment case for continued growth in upcoming quarters. Construction Partners Fiscal 2026 Third Quarter Results
Positive Sentiment: Management raised fiscal 2026 revenue guidance to $3.6 billion-$3.7 billion, with the range slightly above the roughly $3.6 billion analyst consensus. Construction Partners Q3 2026 Earnings
Neutral Sentiment: Management discussed the quarterly performance and updated outlook during the earnings call, giving investors additional context on execution and future growth. Construction Partners Q3 2026 Earnings Call Transcript

About Construction Partners

(Get Free Report)

Construction Partners, Inc (NASDAQ: ROAD) is a specialty contractor and infrastructure solutions provider focused on road building, paving, site development and aggregate production. The company delivers a comprehensive suite of civil construction services, including roadway paving and milling, site grading and preparation, stormwater and utility installation, and full-scale asphalt plant operations. By integrating materials production with contracting capabilities, the firm aims to streamline project delivery and maintain quality control across its contracting and materials businesses.

At the heart of Construction Partners’ operations are its network of asphalt plants, quarries and aggregate production facilities.