ROAD

EX-99.1

2 exhibit991_earningspressre.htm

EX-99.1

Document

Exhibit 99.1

NEWS RELEASE

Construction Partners, Inc. Announces Preliminary Fiscal 2026 Financial Results and Introduces Fiscal 2027 Outlook

DOTHAN, AL, November 5, 2026 – Construction Partners, Inc. (NASDAQ: ROAD) (“CPI” or the “Company”), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways in local markets throughout the Sunbelt, today announced preliminary financial results for fiscal year 2026 and introduced fiscal year 2027 outlook ranges.

Fred J. (Jule) Smith, III, the Company’s President and Chief Executive Officer, said, “Today, we are announcing our preliminary fiscal 2026 financial results and introducing our fiscal 2027 outlook, reflecting our expectations for continued growth at CPI. Fiscal 2026 was a successful year for CPI, highlighted by record financial performance and significant year-over-year growth, with revenue increasing approximately 30%, net income rising approximately 40%, and Adjusted EBITDA growing approximately 23%. These results reflect the effective execution of our organic and acquisition growth strategies. During the year, we completed seven acquisitions across four of our high-growth Sunbelt states, established four new greenfield locations, and generated organic revenue growth of 7%. These accomplishments strengthened our local market positions, expanded our operating platform, and further positioned CPI for long-term growth.”

Smith continued, “I was particularly proud of our team’s productivity and disciplined execution despite two primary external headwinds during the fourth quarter. Unusually wet weather in July across several of our largest markets, together with the unprecedented rapid pace and magnitude of increases in diesel fuel costs, affected profitability as we exited the fiscal year. Despite these near-term challenges, our growth strategy remains firmly intact, and we are pleased to introduce our fiscal 2027 outlook, which anticipates approximately 15% growth in both revenue and Adjusted EBITDA at the midpoint of our guidance ranges.”

Preliminary Fiscal 2026 Financial Results

Revenue in fiscal 2026 is expected to be in the range of $3.660 billion to $3.680 billion, an increase of approximately 30% compared to $2.812 billion in fiscal 2025.

Net income in fiscal 2026 is expected to be in the range of $141.5 million to $142.5 million, an increase of approximately 40% compared to $101.8 million in fiscal 2025.

Adjusted net income(1) in fiscal 2026 is expected to be in the range of $153.3 million to $154.9 million, an increase of approximately 26% compared to $122.0 million in fiscal 2025.

Adjusted EBITDA(1) in fiscal 2026 is expected to be in the range of $520.0 million to $524.0 million, an increase of approximately 23% compared to $423.7 million in fiscal 2025.

Adjusted EBITDA margin(1) in fiscal 2026 is expected to be in the range of 14.21% to 14.24%, compared to 15.1% in fiscal 2025.

The Company’s independent registered public accounting firm has not audited, reviewed, compiled or performed any procedures with respect to the above preliminary financial information or completed its audit of the Company’s financial statements for the fiscal year ended September 30, 2026. The Company’s actual results may differ from these estimates as a result of the Company’s year-end closing procedures, review adjustments and other developments that may arise between now and the time the Company’s financial results for the fiscal year ended September 30, 2026 are finalized.

Introducing Fiscal Year 2027 Outlook

The Company’s outlook for fiscal year 2027 with regard to revenue, net income, Adjusted net income, Adjusted EBITDA and Adjusted EBITDA margin is as follows:

(1) Adjusted net income, Adjusted EBITDA and Adjusted EBITDA margin are financial measures not presented in accordance with generally accepted accounting principles (“GAAP”). Please see “Reconciliation of Non-GAAP Financial Measures” at the end of this press release.

•Revenue in the range of $4.175 billion to $4.275 billion

•Net income in the range of $170.9 million to $180.8 million

•Adjusted net income(1) in the range of $174.6 million to $185.4 million

•Adjusted EBITDA(1) in the range of $585.0 million to $620.0 million

•Adjusted EBITDA margin(1) in the range of 14.0% to 14.5%

Smith commented, “Our fiscal 2027 outlook anticipates substantial growth in both revenue and Adjusted EBITDA, including approximately 6% to 8% organic revenue growth, as we continue to expand our operating platform and execute our long-term growth strategy. Looking beyond the first half of fiscal 2027, we see two primary catalysts for meaningful margin improvement: the continued integration of our fiscal 2026 acquisitions and the diminishing impact of elevated diesel fuel costs. As we move through the second half of fiscal 2027, we expect to benefit from completing lower-margin projects in our acquired

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EX-99.1

2 exhibit991_earnings03312026.htm

EX-99.1

Document

Exhibit 99.1

NEWS RELEASE

Construction Partners, Inc. Announces Fiscal 2026 Second Quarter Results

Revenue Up 35% Compared to Q2 FY25

Adjusted Net Income Up 136% Compared to Q2 FY25

Adjusted EBITDA Up 35% Compared to Q2 FY25

Record Backlog of $3.14 Billion

Company Raises FY26 Outlook

DOTHAN, AL, May 8, 2026 – Construction Partners, Inc. (NASDAQ: ROAD) (“CPI” or the “Company”), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways in local markets throughout the Sunbelt, today reported financial and operating results for the fiscal quarter ended March 31, 2026.

Fred J. (Jule) Smith, III, the Company’s President and Chief Executive Officer, said, “We delivered a strong quarter, driven by exceptional execution across the business. Our teams throughout our family of companies performed at a high level, consistently outperforming on project delivery, productivity, and safety. Favorable weather conditions further supported our ability to advance work efficiently and exceed expectations. Additionally, energy cost volatility had a limited impact on results due to the pass-through nature of our project contracts, as well as the physical hedge inherent to our vertical integration. Strong financial performance in the quarter led to 35 percent growth in both revenue and Adjusted EBITDA, including 11 percent organic revenue growth. Our local teams across our Sunbelt footprint continued to capture meaningful project wins, driving our backlog to a record $3.14 billion. With the peak construction season ahead in the second half of our fiscal year, we are raising our FY 2026 outlook, and we are well-positioned to execute against this record backlog and sustain our growth momentum.”

Revenues were $769.2 million in the second quarter of fiscal 2026, an increase of 34.5% compared to $571.7 million in the same quarter last year.

Gross profit was $98.9 million in the second quarter of fiscal 2026, compared to $71.4 million in the same quarter last year.

General and administrative expenses were $63.6 million in the second quarter of fiscal 2026, compared to $46.7 million in the same quarter last year, and as a percentage of total revenues, was 8.3%, compared to 8.2% in the same quarter last year.

Net income was $9.2 million in the second quarter of fiscal 2026 and diluted earnings per share were $0.16, compared to net income of $4.2 million and diluted earnings per share of $0.08 in the same quarter last year.

Adjusted net income(1) was $10.4 million in the second quarter of fiscal 2026, compared to Adjusted net income of $4.4 million in the same quarter last year. Using Adjusted net income, diluted earnings per share would have been $0.18 for the second quarter of fiscal 2026, compared to $0.08 in the same quarter last year.

Adjusted EBITDA(1) in the second quarter of fiscal 2026 was $93.3 million, an increase of 34.6% compared to $69.3 million in the same quarter last year.

Project backlog was a record $3.14 billion at March 31, 2026, compared to $2.84 billion at March 31, 2025 and $3.09 billion at December 31, 2025.

Smith added, “Our performance is a testament to the hard work and dedication of our people. A deeply embedded culture of operational excellence, disciplined project execution, and an unwavering commitment to safety continues to unite our family of companies, driving results and reinforcing CPI’s reputation as an acquirer of choice across our eight-state footprint. We were pleased to have completed our latest strategic acquisition in April with the purchase of Four Star Paving by our Tennessee platform company, Pavement Restorations, Inc. (“PRI”). This transaction strengthens our vertical integration of services and enhances our capabilities and scale across the middle Tennessee region. As the Nashville metro area continues to rapidly grow,

(1) Adjusted net income, Adjusted EBITDA and Adjusted EBITDA margin are financial measures not presented in accordance with generally accepted accounting principles (“GAAP”). Please see “Reconciliation of Non-GAAP Financial Measures” at the end of this press release.

we are now better positioned than ever to participate in the resulting construction projects and opportunities. Reflecting our strong second quarter results and incorporating the expected contribution of Four Star Paving, we are raising our fiscal 2026 outlook ranges. We remain confident in CPI’s growth trajectory and expanding profitability and are focused on delivering long-term value for our investors and other stakeholders.”

Fiscal 2026 Outlook

The Company is raising its outlook for fiscal year 2026 with regard to revenue, net income, Adjusted net income, Adjusted EBITDA and Adjusted EBITDA margin as follows:

•Revenue in the range of $3.590 billion to $3.650 billion

•Net income in the range of $159.0 million to $162.0 million

•Adjusted net income(1) in the range $170.4 m