Construction Partners' stock surged 5.11% during pre-market trading on Thursday, following the release of its fiscal first-quarter 2026 results.
The civil infrastructure company reported revenue of $809.47 million, a 44% increase year-over-year and significantly above the analyst consensus estimate of $752.12 million. Adjusted earnings per share came in at $0.47, beating estimates of $0.30 by 56.15%. The company swung to a net income of $17.21 million from a net loss in the same period last year.
Management attributed the strong performance to outstanding operational execution and favorable weather conditions. Construction Partners also raised its full-year 2026 revenue guidance to a range of $3.48 billion to $3.56 billion, up from previous expectations and above analyst estimates. The company ended the quarter with a record project backlog of $3.09 billion, indicating robust future demand.
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