Q1 26 EPS
$0.31
BEAT +0.94%
Est. $0.31
Q1 26 Revenue
$809.5M
BEAT +8.93%
Est. $743.1M
vs S&P Since Q1 26
-21.1%
TRAILING MARKET
ROAD -9.1% vs S&P +12.0%
Market Reaction
Did ROAD Beat Earnings? Q1 2026 Results
Construction Partners (ROAD) kicked off fiscal 2026 with a quarter that exceeded expectations on both the top and bottom lines, as the Sunbelt-focused infrastructure contractor reported revenue of $809.47 million, an 8.93% beat against the $743.12 mi… Read more Construction Partners (ROAD) kicked off fiscal 2026 with a quarter that exceeded expectations on both the top and bottom lines, as the Sunbelt-focused infrastructure contractor reported revenue of $809.47 million, an 8.93% beat against the $743.12 million consensus and a 44.1% jump from the year-ago period. Diluted EPS of $0.31 edged past the $0.31 estimate, while the company swung to GAAP net income of $17.20 million from a loss of $3.05 million a year earlier, reflecting the operational leverage of a vertically integrated model that spans asphalt plants, aggregate facilities, and liquid asphalt terminals. Adjusted EBITDA climbed 63% to $112.20 million, yielding a 13.9% margin that management described as a record for the company's fiscal first quarter. A backlog of $3.09 billion, up from $2.66 billion a year ago, underscores the durability of demand across eight Sunbelt states. Encouraged by the momentum, management raised its full-year FY2026 revenue outlook to a range of $3.48 billion to $3.56 billion, with Adjusted EBITDA guided between $534.00 million and $550.00 million, sending shares up roughly 15% in the aftermath.
Key Takeaways
- • Outstanding operational execution across the family of companies
- • Favorable first-quarter weather conditions
- • Strategic acquisitions in Daytona Beach, Florida and Houston, Texas
- • Record project backlog of $3.09 billion
- • Adjusted EBITDA margin of 13.9%, highest first-quarter margin in company history
- • G&A expenses as a percentage of revenue improved to 7.7% from 7.9%
ROAD YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
“We are pleased to report a strong start to fiscal 2026, driven by outstanding operational execution across our family of companies and supported by favorable first-quarter weather. Revenue increased 44% and Adjusted EBITDA increased 63% in the quarter, resulting in an Adjusted EBITDA margin of 13.9%, the highest first-quarter margin in our history. We also ended the quarter with a record project backlog of $3.09 billion, underscoring the strength of demand across our markets.”
— Fred J. Smith III, Q1 2026 Earnings Press Release
ROAD Earnings Trends
ROAD vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
ROAD EPS Trend
Earnings per share: estimate vs actual
ROAD Revenue Trend
Quarterly revenue: estimate vs actual
ROAD Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q3 26 BEAT Adjusted net income excludes $1.373 million in transformative acquisition expenses, net of $336 thousand tax impact | $1.01 | $1.08 | +6.75% | $999.4M | +5.34% |
| Q2 26 BEAT | $-0.03 | $0.18 | +774.16% | $769.2M | +13.37% |
| Q1 26 BEAT | $0.31 | $0.31 | +0.94% | $809.5M | +8.93% |
| Q4 25 MISS FY | $1.08 | $1.02 | -5.20% | $899.8M | +0.02% |
| FY Full Year | — | $1.84 | — | $2.81B | — |
| Q3 25 MISS | $0.82 | $0.81 | -1.42% | $779.3M | -0.55% |