With a second consecutive guidance raise and a record backlog providing visibility into H2, ROAD's organic and acquisition-driven momentum appears sustainable. Monitor the integration of Ellsworth and any weather/energy cost headwinds in the Q4 report.
Price Chart
Executive Summary
Construction Partners (ROAD) reported FQ3 2026 results with revenue of $999.4M (+28.2% YoY) and adjusted diluted EPS of $1.08, beating consensus estimates of $1.01. The company raised its FY2026 guidance for revenue, net income, and adjusted EBITDA, citing strong execution, a record backlog of $3.36B, and the expected contribution from the Ellsworth Construction acquisition. This marks the second consecutive quarter of raised guidance, reinforcing the growth trajectory.
Key Financial Metrics
Key Facts
- Revenue of $999.4M, up 28.2% YoY vs $779.3M
- Adjusted diluted EPS of $1.08 beat consensus of $1.01 by 6.8%
- Adjusted Net Income up 34% YoY to $60.6M
- Record backlog of $3.36B, up from $2.94B a year ago
- FY2026 revenue guidance raised to $3.64B-$3.68B (from $3.59B-$3.65B)
- Adj. EBITDA guidance raised to $559M-$569M (from $552M-$564M)
- Acquisition of Ellsworth Construction expands Oklahoma footprint and data center capabilities
- Operating cash flow of $240.9M YTD, up from $179.3M
Financial Impact
EPS beat of 6.8% on a $999.4M revenue base; guidance raised by ~$40M at the midpoint for revenue and ~$6M for Adj. EBITDA
Risk Factors
- Energy cost inflation and adverse weather (wet May cited) could pressure margins
- Integration risk from recent acquisitions (Ellsworth, Four Star Paving)
- Elevated leverage on the balance sheet following acquisition financing
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-054592 |
| Document: 0001628280-26-054592-index-headers.html | 0001628280-26-054592 |
| Document: 0001628280-26-054592-index.html | 0001628280-26-054592 |
| Document: 0001628280-26-054592.txt | 0001628280-26-054592 |
| 8-K Data (Synthetic) | 0001628280-26-054592 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 19, 2026 7d ago | 8-K | $84.38 | awaiting T+5 | — | $82.51 (−2.22%) |
Oct 5, 2026 21d ago | 8-K | $90.50 $86.18 | ▼ −4.77% | ▼ −5.20% | $82.51 (−8.83%) |
Sep 21, 2026 5w ago | 8-K | $96.71 $91.90 | ▼ −4.97% | ▼ −3.79% | $82.51 (−14.68%) |
Aug 31, 2026 8w ago | 8-K | $106.20 $104.78 | ▼ −1.34% | ▼ −1.20% | $82.51 (−22.31%) |
Aug 10, 2026 11w ago | 8-K | $120.79 $113.54 | ▼ −6.00% | ▼ −5.60% | $82.51 (−31.69%) |
Aug 7, 2026 11w ago | 8-K | $119.74 $121.55 | ▲ +1.51% | ▲ +1.11% | $82.51 (−31.09%) |
Jun 8, 2026 20w ago | 8-K | $106.37 $120.28 | ▲ +13.08% | ▲ +10.97% | $82.51 (−22.43%) |
May 8, 2026 24w ago | 8-K | $140.48 $124.84 | ▼ −11.13% | ▼ −12.60% | $82.51 (−41.27%) |
US Market Status
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