CPI Sees FY26 Net Income of $159M-$162M
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 08 2026
0mins
Sees FY26 Net income $159.0M-$162.0M; adjusted net income $170.4M-$174.2M; Adjusted EBITDA $552.0M-$564.0M; and Adjusted EBITDA margin in the range of 15.38%-15.45%. Ned N. Fleming, III, the Company's Executive Chairman, stated, "We are pleased with our team's strong execution this quarter as we continue to advance CPI's proven growth strategy. Our differentiated business model, built on cost pass-through, vertical integration, and a decentralized partnership approach, remains a powerful and often underappreciated driver of sustainable results. Supported by a strong balance sheet, disciplined leadership, and an expanding Sunbelt footprint, CPI is well-positioned to compound shareholder value through both geographic expansion and increasing operational scale. The long-term demand environment remains compelling. Growing infrastructure repair and maintenance needs, sustained population migration, economic expansion, and rising roadway capacity demands across the Sunbelt continue to create a durable and growing addressable market for our services. Against this powerful backdrop, the Board and I remain highly confident in CPI's long-term trajectory and the significant opportunities ahead."
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Analyst Views on ROAD
Wall Street analysts forecast ROAD stock price to rise
3 Analyst Rating
2 Buy
1 Hold
0 Sell
Moderate Buy
Current: 111.410
Low
115.00
Averages
119.50
High
124.00
Current: 111.410
Low
115.00
Averages
119.50
High
124.00
About ROAD
Construction Partners, Inc. is a vertically integrated civil infrastructure company operating in local markets throughout the Sunbelt in Alabama, Florida, Georgia, North Carolina, Oklahoma, South Carolina, Tennessee and Texas. Through its wholly owned subsidiaries, the Company provides a variety of products and services to both public and private infrastructure projects, with an emphasis on highways, roads, bridges, airports and commercial and residential developments. Its primary operations consist of manufacturing and distributing hot mix asphalt (HMA) for both internal use and sales to third parties in connection with construction projects; paving activities, including the construction of roadway base layers and application of asphalt pavement; site development, including the installation of utility and drainage systems, and mining aggregates, such as sand, gravel and construction stone, that are used as raw materials in the production of HMA and for sales to third parties.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
ROAD Q2 2026 Earnings Transcript
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Construction Partners Exceeds Q2 2026 Profit Expectations
- Strong Earnings Performance: Construction Partners reported revenue of $769.2 million for Q2 2026, with adjusted EBITDA of $93.3 million and an EBITDA margin of 12.1%, exceeding market expectations and demonstrating the company's profitability amid robust demand and effective cost management.
- Ongoing Strategic Acquisitions: The company completed its acquisition of Four Star Paving, marking its fourth acquisition in fiscal 2026 and the 17th since fiscal 2024, which further strengthens its competitive position in the market and lays the groundwork for future growth.
- Robust Market Demand: CEO F. Smith highlighted strong demand for public infrastructure and commercial development projects, particularly citing eight data center projects in Texas valued at approximately $100 million and a North Carolina contract worth about $150 million, showcasing the company's market penetration across various sectors.
- Optimistic Outlook: CFO Gregory Hoffman raised FY 2026 revenue guidance to a range of $3.59 billion to $3.65 billion, with net income expectations of $159 million to $162 million, and anticipated organic growth of 7% to 8%, reflecting the company's confidence in future market conditions and proactive growth strategies.
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Construction Partners Reports Strong Q2 Growth with 35% Revenue Increase
- Significant Revenue Growth: Construction Partners reported Q2 revenues of $769.2 million, a 34.5% increase year-over-year, indicating sustained strong demand in the infrastructure sector, which is expected to further drive future performance.
- Substantial Increase in Adjusted Net Income: The adjusted net income for Q2 reached $10.4 million, up 136% from $4.4 million in the same quarter last year, showcasing the company's exceptional cost control and project execution, thereby enhancing investor confidence.
- Record Project Backlog: As of March 31, 2026, the company's project backlog hit a record $3.14 billion, up from $2.84 billion a year earlier, reflecting a strong competitive position and sustainability of future revenues.
- Upgraded Financial Outlook: The company raised its fiscal 2026 outlook, anticipating significant growth in revenue and adjusted EBITDA, signaling strong execution capabilities and market opportunities as the peak construction season approaches.
See More
Construction Partners Q2 Earnings Exceed Expectations
- Strong Earnings Performance: Construction Partners reported a Q2 non-GAAP EPS of $0.18, beating expectations by $0.21, indicating a significant improvement in profitability and enhancing its competitive position in the market.
- Robust Revenue Growth: The company achieved revenue of $769.2 million, a 34.5% year-over-year increase, surpassing market expectations by $90.75 million, demonstrating strong performance amid industry recovery and solidifying its market position.
- Record Project Backlog: As of March 31, 2026, the company's project backlog reached a record $3.14 billion, compared to $2.84 billion on March 31, 2025, and $3.09 billion on December 31, 2025, indicating significant future growth potential.
- Optimistic Outlook: The company raised its fiscal year 2026 outlook for revenue and net income, projecting revenue between $3.590 billion and $3.650 billion and net income between $159.0 million and $162.0 million, reflecting management's confidence in future performance.
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- Strategic Implications: This appointment reflects the company's commitment to financial management, aiming to drive future growth and development by introducing an experienced executive, thereby enhancing its competitiveness in a challenging market.
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ROAD Q2 2026 Earnings Transcript
See More
Construction Partners Exceeds Q2 2026 Profit Expectations
- Strong Earnings Performance: Construction Partners reported revenue of $769.2 million for Q2 2026, with adjusted EBITDA of $93.3 million and an EBITDA margin of 12.1%, exceeding market expectations and demonstrating the company's profitability amid robust demand and effective cost management.
- Ongoing Strategic Acquisitions: The company completed its acquisition of Four Star Paving, marking its fourth acquisition in fiscal 2026 and the 17th since fiscal 2024, which further strengthens its competitive position in the market and lays the groundwork for future growth.
- Robust Market Demand: CEO F. Smith highlighted strong demand for public infrastructure and commercial development projects, particularly citing eight data center projects in Texas valued at approximately $100 million and a North Carolina contract worth about $150 million, showcasing the company's market penetration across various sectors.
- Optimistic Outlook: CFO Gregory Hoffman raised FY 2026 revenue guidance to a range of $3.59 billion to $3.65 billion, with net income expectations of $159 million to $162 million, and anticipated organic growth of 7% to 8%, reflecting the company's confidence in future market conditions and proactive growth strategies.
See More
Construction Partners Reports Strong Q2 Growth with 35% Revenue Increase
- Significant Revenue Growth: Construction Partners reported Q2 revenues of $769.2 million, a 34.5% increase year-over-year, indicating sustained strong demand in the infrastructure sector, which is expected to further drive future performance.
- Substantial Increase in Adjusted Net Income: The adjusted net income for Q2 reached $10.4 million, up 136% from $4.4 million in the same quarter last year, showcasing the company's exceptional cost control and project execution, thereby enhancing investor confidence.
- Record Project Backlog: As of March 31, 2026, the company's project backlog hit a record $3.14 billion, up from $2.84 billion a year earlier, reflecting a strong competitive position and sustainability of future revenues.
- Upgraded Financial Outlook: The company raised its fiscal 2026 outlook, anticipating significant growth in revenue and adjusted EBITDA, signaling strong execution capabilities and market opportunities as the peak construction season approaches.
See More
Construction Partners Q2 Earnings Exceed Expectations
- Strong Earnings Performance: Construction Partners reported a Q2 non-GAAP EPS of $0.18, beating expectations by $0.21, indicating a significant improvement in profitability and enhancing its competitive position in the market.
- Robust Revenue Growth: The company achieved revenue of $769.2 million, a 34.5% year-over-year increase, surpassing market expectations by $90.75 million, demonstrating strong performance amid industry recovery and solidifying its market position.
- Record Project Backlog: As of March 31, 2026, the company's project backlog reached a record $3.14 billion, compared to $2.84 billion on March 31, 2025, and $3.09 billion on December 31, 2025, indicating significant future growth potential.
- Optimistic Outlook: The company raised its fiscal year 2026 outlook for revenue and net income, projecting revenue between $3.590 billion and $3.650 billion and net income between $159.0 million and $162.0 million, reflecting management's confidence in future performance.
See More
Analysis and Investment Recommendations for High-Flying Stocks
- Pangaea Logistics Risks: Pangaea Logistics (NASDAQ:PANL) has seen its operating margin decline by 5 percentage points over the past five years due to costs rising faster than revenue, resulting in a 30.5% annual drop in earnings per share, which pressures investment returns, while its free cash flow margin of only 1.1% restricts buyback and dividend capabilities.
- Advanced Energy Underperformance: Advanced Energy (NASDAQ:AEIS) has experienced only 4.2% annual revenue growth over the past two years, lagging behind industry peers, and its earnings per share growth of just 4.1% annually over the last five years indicates diminishing returns on capital, with a current share price of $375.66 reflecting a forward P/E ratio of 42.9, raising concerns about its investment value.
- Construction Partners Investment Opportunity: Construction Partners (NASDAQ:ROAD) has achieved an impressive 37.5% annual revenue growth over the last two years, indicating market share gains, while its earnings per share have grown by 49.6% annually, and its free cash flow margin has expanded by 7.8 percentage points, providing flexibility for future investments and buybacks, with a current share price of $112.26 reflecting a forward P/E ratio of 37.4, making it a stock to watch.
- Market Performance of High-Quality Stocks: As the market focuses on high-quality stocks, the combination of elite fundamentals and near-term momentum creates investment opportunities, with past success stories like Nvidia and Exlservice demonstrating the potential of high-quality stocks in the market, prompting investors to pay attention to these trends.
See More
Mineral Road Discovery Appoints New CFO
- Executive Appointment: Mineral Road Discovery Inc. appointed Alex Helmel as Chief Financial Officer effective April 14, 2026, bringing in a management consultant with expertise in early-stage venture companies within Canadian capital markets, which is expected to enhance the company's financial management capabilities.
- Industry Expertise: Helmel's background in venture capital will assist the company in positioning itself within the capital markets, particularly in the current economic climate, thereby improving financial transparency and investor confidence.
- Strategic Implications: This appointment reflects the company's commitment to financial management, aiming to drive future growth and development by introducing an experienced executive, thereby enhancing its competitiveness in a challenging market.
- Contact Information: For further information, contact Director Garry Stock at 778 819 1870, ensuring that investors can access timely information to support their decision-making.
See More
