Q2 26 EPS
$0.18
BEAT +774.16%
Est. $-0.03
Q2 26 Revenue
$769.2M
BEAT +13.37%
Est. $678.5M
vs S&P Since Q2 26
-18.0%
TRAILING MARKET
ROAD -13.1% vs S&P +4.8%
Market Reaction
Did ROAD Beat Earnings? Q2 2026 Results
Construction Partners delivered a blowout fiscal second quarter, with the Sunbelt road builder posting adjusted diluted EPS of $0.18 against a consensus estimate of negative $0.03, a beat of 774.16%, while revenue of $769.20 million topped estimates … Read more Construction Partners delivered a blowout fiscal second quarter, with the Sunbelt road builder posting adjusted diluted EPS of $0.18 against a consensus estimate of negative $0.03, a beat of 774.16%, while revenue of $769.20 million topped estimates by 13.37% and surged 34.6% year over year. Management credited exceptional project execution, favorable weather conditions, and the insulating effect of cost pass-through contract structures for the strong performance, with adjusted EBITDA climbing 34.6% to $93.32 million and gross profit expanding to $98.85 million from $71.35 million a year ago. The company's project backlog reached a record $3.14 billion as of March 31, 2026, up from $2.84 billion a year earlier, underpinning confidence in the raised full-year outlook, which now calls for revenue of $3.59 billion to $3.65 billion and adjusted EBITDA of $552.00 million to $564.00 million. Analysts have since lifted price targets, reflecting renewed optimism that Construction Partners can sustain above-industry revenue growth through its acquisition-driven expansion strategy.
Key Takeaways
- • Exceptional execution across operating companies with outperformance on project delivery, productivity, and safety
- • Favorable weather conditions supported efficient work advancement
- • 11% organic revenue growth supplemented by acquisition-driven growth
- • Energy cost volatility mitigated by pass-through contract structures and vertical integration
- • Record project backlog of $3.14 billion driving revenue visibility
ROAD YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
“We delivered a strong quarter, driven by exceptional execution across the business. Our teams throughout our family of companies performed at a high level, consistently outperforming on project delivery, productivity, and safety. Favorable weather conditions further supported our ability to advance work efficiently and exceed expectations. Additionally, energy cost volatility had a limited impact on results due to the pass-through nature of our project contracts, as well as the physical hedge inherent to our vertical integration. Strong financial performance in the quarter led to 35 percent growth in both revenue and Adjusted EBITDA, including 11 percent organic revenue growth. Our local teams across our Sunbelt footprint continued to capture meaningful project wins, driving our backlog to a record $3.14 billion. With the peak construction season ahead in the second half of our fiscal year, we are raising our FY 2026 outlook, and we are well-positioned to execute against this record backlog and sustain our growth momentum.”
— Fred J. Smith III, Q2 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% |