The infrastructure firm raised its full-year revenue and EBITDA outlook following strong organic growth and acquisitions in Q3.
Construction Partners posted a 28.2% year-over-year revenue increase to $999.4 million in its fiscal third quarter, driven by 8.9% organic growth and acquisitions. Adjusted EBITDA rose 24% to $163 million, while gross profit climbed to $168.4 million.
The company raised its fiscal 2026 guidance to $3.64 billion–$3.68 billion in revenue and $559 million–$569 million in adjusted EBITDA. Record backlog reached $3.36 billion, covering 80%–85% of expected revenue for the next 12 months.
Management cited resilient demand for public infrastructure and data-center projects, along with the Ellsworth acquisition, as key growth drivers. The firm targets leverage reduction to approximately 2.5 times EBITDA while maintaining strong organic growth expectations for fiscal 2027.