Construction Partners raises full-year adjusted EBITDA guidance after exceeding Q2 profitability expectations and growing backlog.
Construction Partners raised its fiscal 2026 adjusted EBITDA outlook to a range of $552M-$564M, up from prior guidance. The revision follows a strong second quarter where profitability exceeded expectations and backlog expanded.
The company cited favorable weather conditions during the quarter as a contributing factor. Management also reaffirmed its ROAD 2030 margin target of approximately 17%, signaling confidence in long-term profitability.
Shares of ROAD may react positively to the improved outlook, reflecting investor optimism about sustained growth and margin expansion.