AI-extracted from the 10-Q filed 2026-08-07 — Q3 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Revenue rose 28.2% YoY to $999.4M in Q3 FY2026, powered by $151.0M from recent acquisitions and 8.9% organic growth, while net income climbed 35.2% to $59.6M.
Biggest Revenue Drivers
Public infrastructure65.1% of revenuesvs 64.9% in prior-year quarter
Projects performed for federal, state and municipal customers, funded largely by transportation authority budgets.
Private infrastructure34.9% of revenuesvs 35.1% in prior-year quarter
Site work and HMA paving for commercial and residential developers.
Biggest Revenue Drivers
Total revenue: $999.4M+28.2% YoY
Public infrastructure65.1% of revenuesvs 64.9% in prior-year quarter
Projects performed for federal, state and municipal customers, funded largely by transportation authority budgets.
Within Public infrastructure
Departments of Transportation44.7% of revenuesdown from 46.1% YoY
Projects performed for various state DOTs, the largest customer category within public work.
Florida Department of Transportation10.5% of revenues
Single largest customer exceeding 10% of consolidated revenues this quarter.
Private infrastructure34.9% of revenuesvs 35.1% in prior-year quarter
Site work and HMA paving for commercial and residential developers.
Largest Expense Items
Cost of revenues$831.0M+28.4% YoY
Direct and indirect contract costs including labor, materials, equipment and subcontractors, tracking the revenue increase.
General and administrative expenses$63.1M+23.8% YoY
Increase primarily attributable to G&A costs of businesses acquired during or after the prior-year quarter.
Interest expense, net$30.3M+20.0% YoY
Additional borrowings under credit facilities and fees tied to amendments of the Term Loan A/Revolver and Term Loan B agreements.
Margins: Gross margin was roughly flat at 16.8% of revenue versus 16.9% a year ago, while operating margin improved to 10.9% from 10.6% as revenue growth and higher gains on equipment sales outpaced increased G&A and interest expense.
Watch Items from the Filing
Various state departments of transportation accounted for 44.7% of Q3 revenue (down from 46.1% YoY), with Florida DOT alone representing 10.5%, highlighting customer/government-funding concentration.
$1.8 billion of variable-rate debt outstanding; a hypothetical 1% rate increase would raise annual interest expense by $18.0 million, and consolidated net leverage rose to 3.17x from 3.10x.
EPA and Alabama regulators filed suit seeking court approval of a Clean Water Act consent decree requiring subsidiary Wiregrass to pay a $450,000 penalty and remediate two Alabama quarry sites, largely insurance-covered.
New risk factor disclosure warns that Iran-related conflict and potential Strait of Hormuz disruptions could raise costs and limit availability of liquid asphalt cement and diesel fuel, key production inputs.
Company closed four acquisitions during the quarter (VMC assets, P&S Paving, GMJ Paving, Four Star Paving) plus Ellsworth Construction post-quarter, continuing an aggressive debt-funded roll-up strategy.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Fleming Ned N. IVSenior VP - Strategy & Bus DevShares withheld for tax or exercise price · Oct 2, 2026
Smith Fred Julius IIIPresident and CEOShares withheld for tax or exercise price · Oct 2, 2026
Brooks Judson RyanSVP and General CounselShares withheld for tax or exercise price · Oct 2, 2026
Shaffer Stefan LDirectorOther acquisition or disposition · Dec 24, 2025
McKay Michael HDirectorGift · Dec 16, 2025
Congress trading in ROAD
3 transactions in ROAD reported by 1 member of Congress under the STOCK Act, most recent trade Aug 8, 2023. Reported transactions, not recommendations.
About Construction Partners, Inc. (ROAD): stock profile, AI score and financials
Construction Partners, Inc. (ROAD) stock profile, AI quality score, and SEC EDGAR financial data, a Industrials sector company. 13F Pro's AI-powered ranking engine scores ROAD at 67.0/100 on a composite quality score built from its SEC filings, placing it at rank #380 of 2,925 stocks — the top 25% of the AI-ranked universe. ROAD scores in the top quartile across revenue growth (92.0), earnings quality (79.0). Shareholder dilution risk is elevated at 48.3/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q3 2026), Construction Partners, Inc. reports quarterly revenue of $999.4M, net income of $59.6M, an operating margin of 10.9%. Top institutional holders of ROAD by reported 13-F value include FMR, BlackRock, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. ROAD trades on the Nasdaq exchange and files with the SEC under CIK 1718227. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate ROAD daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Construction Partners, Inc. directly from SEC EDGAR.