Construction Partners(NASDAQ) ROAD

Construction Partners, Inc. builds the roads people use every day. It repairs highways and bridges across the southern United States. The company also makes essential materials like asphalt and gravel.

From Pavement to Pipelines

• Asphalt Manufacturing: Produces hot mix asphalt for use in road construction and sales to third parties.
• Paving Services: Constructs roadway base layers and applies asphalt pavement for public and private projects.
• Infrastructure Construction: Builds and maintains bridges and airports while providing site work for commercial developments.
• Site Development: Installs underground utility and drainage systems for large-scale construction projects.
• Material Supply: Mines aggregates such as sand and gravel and distributes liquid asphalt cement.

Growing the Sunbelt Footprint

• Acquired manufacturing and construction assets from Vulcan Materials Company in the Houston area in Oct. 2025.
• Expanded operations in northeast and central Florida by purchasing P&S Paving, LLC in Oct. 2025.
• Strengthened the Tennessee market by acquiring assets from Four Star Paving, LLC in April 2026.
• Entered the Oklahoma market by acquiring Ellsworth Construction, LLC in July 2026.
• Increased the revolving credit facility to $700.0 million in June 2026 to support ongoing expansion.

How Vertical Integration Works

The company maintains its own asphalt plants and material deposits to supply its construction projects. This model helps manage costs and ensures the availability of raw materials across its eight-state territory.

A Look at the Numbers

• Revenues reached $999.4 million for the three months ended June 30, 2026, up 28.2% year over year.
• Net income rose to $85.9 million for the nine months ended June 30, 2026, up 90.1% year over year.
• Total contract backlog was $3.4 billion as of June 30, 2026.
• Adjusted EBITDA hit $368.5 million for the nine months ended June 30, 2026, up 36.6% year over year.

Evolution of the Business

Construction Partners has evolved from a local asphalt producer into a regional leader in civil infrastructure across the Sunbelt. Its growth strategy relies on acquiring local businesses and integrating them into a network that serves both public and private clients.