Every material Form 8-K Construction Partners has filed with the SEC since November 04, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Construction Partners, Inc. (NASDAQ: ROAD) released preliminary fiscal 2026 results showing revenue and net income both up sharply from fiscal 2025, and introduced a fiscal 2027 outlook projecting further growth. The company said fourth-quarter profitability was affected by wet weather and rising diesel fuel costs, and the figures remain unaudited and may change before final results. Separately, it completed the acquisition of Piedmont Paving, Inc. in Georgia on November 4, 2026.
Preliminary fiscal 2026 revenue of $3.660 billion to $3.680 billion, up about 30% from $2.812 billion; net income of $141.5 million to $142.5 million, up about 40% from $101.8 million.
Adjusted EBITDA of $520.0 million to $524.0 million, up about 23% from $423.7 million, but Adjusted EBITDA margin of 14.21% to 14.24% compared with 15.1% in fiscal 2025.
Fiscal 2027 outlook: revenue of $4.175 billion to $4.275 billion, net income of $170.9 million to $180.8 million, and Adjusted EBITDA of $585.0 million to $620.0 million.
Financial figures are preliminary and unaudited; the company will hold a conference call on November 19, 2026 at 10:00 a.m. Eastern Time.
Construction Partners, Inc. announced that it has acquired S.E. Cline Construction, Inc., a site development and underground utility construction company based in Palm Coast, Florida. The acquired operations will become part of its Florida subsidiary, C.W. Roberts Contracting, Incorporated, and bring roughly 60 employees and a permitted asphalt plant site in Bunnell, Florida.
Acquired S.E. Cline Construction, Inc., a Palm Coast, Florida site development and underground utility company
Operations include about 60 employees and a rail-served, permitted hot-mix asphalt plant site in Bunnell, Florida
Cline will join C.W. Roberts Contracting, Inc., extending the company's presence along Florida's Interstate 95 corridor
The filing does not disclose the purchase price or financial results of the acquired business
Construction Partners (ROAD) said director Michael H. McKay, a member of its Audit Committee, died on July 22, 2026, leaving the committee with two independent directors. Nasdaq requires at least three, so the company is out of compliance but intends to use a cure period to restore compliance.
Nasdaq Listing Rule 5605(c)(2)(A) requires at least three independent Audit Committee members; the company now has two.
The cure period ends on the earlier of the next annual stockholder meeting or July 22, 2027.
On August 6, 2026, the company issued 619,000 restricted Class B shares to employees, vesting September 30, 2030.
Construction Partners reported fiscal third-quarter 2026 results for the quarter ended June 30, 2026, with revenue of $999.4 million, up 28.2%, and net income of $59.6 million, up from $44.0 million a year earlier. The company raised its fiscal 2026 outlook, citing the quarter's performance and the expected contribution from its recent Ellsworth Construction acquisition in Oklahoma. For shareholders, the filing shows higher profit and a raised full-year outlook, while the adjusted EBITDA margin declined.
Revenue was $999.4 million, up 28.2% from $779.3 million; net income was $59.6 million versus $44.0 million.
Diluted EPS was $1.06 versus $0.79; adjusted diluted EPS was $1.08 versus $0.81.
Adjusted EBITDA was $163.0 million, up 23.8%, while the adjusted EBITDA margin was 16.3% versus 16.9%.
Fiscal 2026 guidance raised: revenue of $3.640 billion to $3.680 billion and net income of $165.0 million to $168.0 million.
Construction Partners amended its Term Loan B credit agreement on June 18, 2026, refinancing existing term loans and adding $300.0 million in incremental term loans. The aggregate term loan principal rose from $839.4 million to $1,139.4 million, with maturity set for November 1, 2031.
Aggregate term loan principal increased from $839.4 million to $1,139.4 million
Incremental term loans of $300.0 million, plus refinancing of all outstanding term loans to reduce interest rate margins
Pricing steps down 0.25% per annum if consolidated first lien net leverage is below 2.95-to-1.00, tested first on September 30, 2026
Share repurchases under a new basket capped at $50.0 million per fiscal year, subject to conditions
Construction Partners amended its credit agreement on June 3, 2026, increasing its revolving credit facility from $500.0 million to $700.0 million. The amendment also adjusts financial covenants, raises the material acquisition threshold to $100.0 million, and allows up to $50.0 million per fiscal year in stock repurchases under a share repurchase plan. The filing does not report any change in the company's earnings or drawn borrowings.
Revolving credit facility increased from $500.0 million to $700.0 million under the Sixth Amendment dated June 3, 2026
Maximum consolidated net leverage ratio set at 4.75-to-1.00 for quarters ending June 30, 2026 through September 30, 2026, stepping down to 4.00-to-1.00 from June 30, 2028
Minimum consolidated interest coverage ratio adjusted to 2.75-to-1.00
Stock repurchases permitted up to $50.0 million per fiscal year under a new basket, subject to conditions
Construction Partners reported fiscal second-quarter 2026 results for the period ended March 31, 2026, with revenue of $769.2 million, up 34.5% from a year earlier, and diluted EPS of $0.16 versus $0.08. The company raised its fiscal 2026 outlook, now projecting revenue of $3.590 billion to $3.650 billion and net income of $159.0 million to $162.0 million. Both headline measures improved and guidance was raised, though the company's adjusted figures are non-GAAP measures.
Revenue was $769.2 million versus $571.7 million a year earlier; gross profit was $98.9 million versus $71.4 million.
Net income was $9.2 million, or $0.16 diluted EPS, versus $4.2 million, or $0.08; Adjusted EBITDA was $93.3 million, up 34.6%.
Project backlog reached a record $3.14 billion at March 31, 2026, up from $2.84 billion at March 31, 2025.
FY2026 outlook raised: Adjusted EBITDA of $552.0 million to $564.0 million, including the expected contribution of the Four Star Paving acquisition.
Construction Partners reported fiscal first-quarter 2026 revenue of $809.5 million, up 44.1% from a year earlier, and net income of $17.2 million, compared with a net loss of $3.1 million in the prior-year quarter. The company also raised its fiscal 2026 outlook for revenue, net income, Adjusted net income and Adjusted EBITDA, citing better-than-expected first-quarter results and the recently closed Houston acquisition.
Revenue was $809.5 million, up from $561.6 million; gross profit was $121.5 million versus $76.6 million
Net income was $17.2 million, or $0.31 diluted EPS, versus a net loss of $3.1 million, or $0.06 per diluted share, a year earlier
Adjusted EBITDA was $112.2 million, up 63.1%; Adjusted EBITDA margin was 13.9% versus 12.3%
Fiscal 2026 revenue outlook is $3.48 billion to $3.56 billion; project backlog was a record $3.09 billion at December 31, 2025
Construction Partners reported results for the fiscal year ended September 30, 2025, with revenue up 54% to $2.812 billion and net income up 48% to $101.8 million. Adjusted EBITDA rose 92% to $423.7 million, and the company reiterated its fiscal 2026 outlook, which calls for revenue of $3.400 billion to $3.500 billion and net income of $150.0 million to $155.0 million. Management attributed the growth to five acquisitions in fiscal 2025 and 8.4% organic growth, while interest expense, net rose to $90.4 million from $19.1 million.
Fiscal 2025 revenue was $2.812 billion, up from $1.824 billion in fiscal 2024; net income was $101.8 million, up from $68.9 million.
Fourth-quarter revenue was $899.8 million, up from $538.2 million a year earlier; fourth-quarter net income was $56.6 million, up from $29.3 million.
Adjusted EBITDA was $423.7 million, up 92%, and Adjusted EBITDA Margin was 15.1%, up from 12.1%.
Fiscal 2026 outlook was reiterated: revenue of $3.400 billion to $3.500 billion and net income of $150.0 million to $155.0 million.
Construction Partners approved an amended form of performance stock unit award agreement on November 4, 2025, giving its compensation committee sole discretion to settle LTIP-B awards in cash rather than shares. Certain unvested awards, including those held by named executive officers, were also amended to add this provision.
Compensation Committee approved the amended award form on November 4, 2025.
Committee has sole discretion to pay cash equal to the value of underlying Class A common shares when LTIP-B awards vest.
Certain unvested awards held by named executive officers were also amended to include the cash settlement provision.
Full terms are in Exhibit 10.1, the Form of Amended Performance Share Award (LTIP-B) Agreement.
Construction Partners preliminarily reported fiscal 2025 revenue of $2.800 billion to $2.820 billion, up from $1.824 billion in fiscal 2024, with net income of $101.0 million to $101.8 million versus $68.9 million a year earlier. It also issued a fiscal 2026 outlook calling for revenue of $3.400 billion to $3.500 billion and Adjusted EBITDA of $520.0 million to $540.0 million, and it said the preliminary figures are unaudited and may change at year-end.
Fiscal 2025 Adjusted EBITDA expected at $421.0 million to $425.0 million, versus $220.6 million in fiscal 2024; Adjusted EBITDA margin 15.0% to 15.1%, versus 12.1%
Fiscal 2026 outlook: net income of $150.0 million to $155.0 million and Adjusted EBITDA margin of 15.3% to 15.4%
Project backlog approximately $3.0 billion at September 30, 2025, versus $1.96 billion a year earlier
Analyst Day webcast set for October 22, 2025, at approximately 10:00 a.m. Eastern Time
Construction Partners reported fiscal third-quarter results for the period ended June 30, 2025, with revenue of $779.3 million, up 51% from $517.8 million, and net income of $44.0 million, or $0.79 per diluted share, versus $30.9 million, or $0.59, a year earlier. The company said about 46% of the revenue growth came from recent acquisitions and about 5% from organic growth, and it kept its fiscal 2025 outlook unchanged, citing weather delays and the expected contribution of the Durwood Greene acquisition.
Revenue of $779.3 million versus $517.8 million a year earlier; the filing attributes about 46% of growth to recent acquisitions and about 5% to organic growth.
Net income of $44.0 million, or $0.79 per diluted share, versus $30.9 million, or $0.59, in the prior-year quarter.
Adjusted EBITDA of $131.7 million, up 80%, with an Adjusted EBITDA margin of 16.9% versus 14.1%.
Fiscal 2025 outlook maintained, including revenue of $2.77 billion to $2.83 billion and net income of $106.0 million to $117.0 million; project backlog was $2.94 billion at June 30, 2025.
Construction Partners entered into a Fifth Amendment to its credit agreement effective June 30, 2025. The revolving credit facility rose from $400.0 million to $500.0 million, the term loan A rose from $400.0 million to $600.0 million, and maturity was extended to June 28, 2030. The company's borrowings under the revolver were fully repaid, leaving $600.0 million outstanding under the term loan as of the effective date.
Revolving credit facility increased from $400.0 million to $500.0 million; no amounts outstanding as of June 30, 2025
Term loan A increased from $400.0 million to $600.0 million, with $600.0 million outstanding
Maturity extended to June 28, 2030; new incremental facilities of up to the greater of $400.0 million or trailing four-quarter Consolidated Adjusted EBITDA
Leverage covenant set at 4.50 to 1.00 through December 31, 2025, stepping down to 3.75 to 1.00 from September 30, 2027
Construction Partners reported fiscal second-quarter revenue of $571.7 million, up 54% from a year earlier, and net income of $4.2 million, or $0.08 per diluted share, compared with a net loss of $1.1 million in the same quarter last year. The company raised its fiscal 2025 outlook, citing the expected contribution of the recently acquired PRI and its second-quarter results. The filing also reports a May 8 executive reorganization that changed some officer titles, with Gregory A. Hoffman taking on the principal accounting officer role in addition to his CFO duties.
Q2 revenue was $571.7 million, up from $371.4 million; acquisitions completed since March 31, 2024 contributed $173.1 million of the $200.3 million increase.
Net income was $4.2 million, or $0.08 per diluted share, versus a net loss of $1.1 million a year earlier.
Fiscal 2025 revenue outlook was raised to $2.77 billion to $2.83 billion; net income outlook was raised to $106.0 million to $117.0 million.
Gregory A. Hoffman became principal accounting officer in addition to CFO; Fred J. (Jule) Smith, III remains President and CEO, and the filing states no compensation changes.
Construction Partners reported fiscal first-quarter results for the period ended December 31, 2024. Revenue rose 41.6% to $561.6 million, but the company posted a net loss of $3.1 million, or $0.06 per diluted share, after $19.6 million of acquisition-related expenses, compared with net income of $9.8 million, or $0.19 per share, a year earlier. The company said it is raising its fiscal 2025 outlook.
Revenue was $561.6 million, up from $396.5 million; about 11.2 percent of the growth was organic and about 30.4 percent came from recent acquisitions.
Net loss was $3.1 million, or $0.06 per diluted share, versus net income of $9.8 million, or $0.19 per diluted share, a year earlier.
Adjusted net income, a non-GAAP measure, was $13.3 million, or $0.25 per diluted share.
Fiscal 2025 revenue outlook is $2.66 billion to $2.74 billion; Adjusted EBITDA outlook is $375.0 million to $400.0 million.
Construction Partners reported fiscal 2024 results for the year ended September 30, 2024, with full-year revenue up 17%, net income up 41% and Adjusted EBITDA up 28% from fiscal 2023. Fourth-quarter net income fell 5.2% even as quarterly revenue rose 13%, and the company said fiscal 2025 outlook is unchanged from what it previously announced, with the Lone Star Paving acquisition expected to contribute eleven months of results.
Fiscal 2024 revenue was $1.82 billion, up 17% from $1.56 billion; net income was $68.9 million, up 41%.
Fourth-quarter revenue was $538.2 million, up 13%, while fourth-quarter net income was $29.3 million, down 5.2%.
Project backlog was a record $1.96 billion at September 30, 2024, compared with $1.60 billion a year earlier.
Fiscal 2025 outlook: revenue of $2.48 billion to $2.58 billion and net income of $97 million to $113 million, as previously announced.
Construction Partners completed its acquisition of Asphalt Inc., LLC d/b/a Lone Star Paving and entered into an $850.0 million senior secured term loan to help fund it. The company also raised its fiscal 2025 guidance for revenue, net income, Adjusted EBITDA and Adjusted EBITDA Margin, citing a expected contribution from Lone Star. The filing does not give the prior guidance figures, so the size of the increase cannot be measured from this document.
Acquisition of Lone Star Paving closed; the press release is dated November 4, 2024, and the term loan is effective November 1, 2024.
$850.0 million senior secured first lien term loan, fully drawn, matures November 1, 2031, bears interest at Term SOFR plus 2.50%.
Raised fiscal 2025 outlook: revenue $2.48 billion to $2.58 billion; net income $97 million to $113 million; Adjusted EBITDA $347 million to $377 million.
On October 30, 2024, the existing credit agreement was amended, setting a maximum consolidated net leverage ratio of 4.50 to 1.00 for quarters through September 30, 2025.
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