Strong demand for public infrastructure and commercial construction helped Construction Partners deliver double-digit growth in its fiscal third quarter, while its project backlog reached a record level. The civil infrastructure contractor also raised its full-year financial outlook following the quarter and its recent expansion in Oklahoma.
Construction Partners reported fiscal Q3 revenue of $999.4 million for the three months ended June 30, compared with $779.3 million a year earlier.
Gross profit increased to $168.4 million from $131.8 million. Net income reached $59.6 million, compared with $44 million in Q3 2025.
Adjusted net income rose to $60.6 million from $45.2 million. Adjusted diluted earnings per share increased to $1.08 from 81 cents.
Adjusted EBITDA was $163 million, up from $131.7 million in the prior-year period. The adjusted EBITDA margin was 16.3%, compared with 16.9% a year earlier.
The company said quarterly results were achieved despite higher energy costs and wet weather conditions in May across several markets.
Construction Partners' backlog stood at $3.36 billion at June 30, up from $2.94 billion at the same point in 2025 and $3.14 billion at the end of March.
The company also recently acquired Ellsworth Construction, expanding its operations in Oklahoma. The transaction strengthens its presence in the Tulsa and Oklahoma City metropolitan areas and adds capabilities in data center construction.
Ellsworth's data center work complements Construction Partners' existing portfolio through Overland, which operates in North Texas.
Construction Partners operates across Alabama, Florida, Georgia, North Carolina, Oklahoma, South Carolina, Tennessee and Texas. Its work includes roadway construction and maintenance, highways, airport runways, bridges and private-sector paving and site development.
Following the third-quarter results and the expected contribution from Ellsworth Construction, Construction Partners increased its fiscal 2026 guidance.
MetricUpdated FY2026 OutlookRevenue$3.64B-$3.68BNet income$165M-$168MAdjusted net income$177.6M-$181.4MAdjusted EBITDA$559M-$569MAdjusted EBITDA margin15.36%-15.46%
For the first nine months of fiscal 2026, Construction Partners reported $2.58 billion in revenue, compared with $1.91 billion during the comparable period in fiscal 2025. Net income for the period reached $85.9 million, compared with $45.2 million a year earlier.
The results point to continued activity in the Sunbelt's civil infrastructure and commercial construction markets, while the record backlog provides Construction Partners with additional contracted work entering the remainder of fiscal 2026. The Oklahoma acquisition also expands the company's geographic reach and positions it to participate in additional data center-related construction activity.
Source: Construction Partners Inc.
