Every material Form 8-K Construction Partners filed with the SEC in 2025, 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 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.
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Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Construction Partners filing is on SEC EDGAR ↗. 8-K briefs of other companies →