Q1 2026 Construction Partners Inc Earnings Call Transcript
Key Points
- Construction Partners Inc (ROAD) reported a 44% increase in first-quarter revenue, with adjusted EBITDA rising by 63% compared to the previous year.
- The company achieved a record-high adjusted EBITDA margin of 13.9% for the first quarter.
- Construction Partners Inc (ROAD) closed the quarter with a project backlog of $3.09 billion, indicating strong demand across its markets.
- The company has successfully integrated recent acquisitions in Houston and Daytona Beach, enhancing its market presence and operational capabilities.
- Construction Partners Inc (ROAD) raised its fiscal 2026 outlook, expecting revenue between $3.48 billion and $3.56 billion, and adjusted EBITDA between $534 million and $550 million.
- Organic growth for the first quarter was only 3.5%, below the company's full-year target of 7% to 8%.
- The company faces competitive dynamics in certain markets, leading to strategic shifts in equipment and resources.
- Weather conditions, such as ice and snow in the Southeast and Texas, could impact future quarters, although the company remains optimistic.
- The company's debt to trailing 12 months EBITDA ratio stands at 3.18 times, with plans to reduce it to 2.5 times by late 2026.
- There is uncertainty surrounding the reauthorization of the surface transportation program, although the company remains optimistic about a favorable outcome.
Greetings and welcome to the Construction Partners first quarter earnings conference call. At this time, all (Operator Instructions). As a reminder, this conference is being recorded. It is now my pleasure to introduce the Rick Black, Investor Relations. Please go ahead.
Thank you, operator, and good morning, everyone. We appreciate you for joining us for the Construction Partners conference call to review first quarter fiscal 2026 results. This call is also being webcast and can be accessed through the audio link on the events and presentations page of the Investor Relations section of Constructionpartners.net.
Information recorded on this call speaks only as of today, February 5, 2026. Please be advised that any time sensitive information may no longer be accurate as to the date of any replay listening or transcript reading.
I would also like to remind you that the statements made in today's discussion that are not historical facts, including states of expectations for
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