DOTHAN, Ala., Oct. 21, 2025 /PRNewswire/ -- 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 2025 and introduced fiscal year 2026 outlook ranges that will be discussed during tomorrow's Analyst Day event in Raleigh, North Carolina.
Fred J. (Jule) Smith, III, the Company's President and Chief Executive Officer, said, "Today we are announcing our preliminary fiscal 2025 financial results, reflecting strong fourth quarter operational performance across our footprint that led to record year-end results for revenue and profitability. Fiscal 2025 has been a dynamic year of growth for our company as we entered two new states while making five strategic acquisitions and growing organic revenue by 8.4 percent compared to our last fiscal year. Moving into fiscal 2026, we see strong indicators in the Sunbelt for continued economic growth, favorable demographic trends, well-funded transportation programs, and additional opportunities for acquisitive and organic growth. We look forward to reviewing our strategic initiatives, growth priorities and business outlook tomorrow with those participating in our Analyst Day event either in person or through the webcast link on our website."
Preliminary Fiscal 2025 Financial Results
Revenue in fiscal 2025 is expected to be in the range of $2.800 billion to $2.820 billion, compared to $1.824 billion in fiscal 2024.
Net income in fiscal 2025 is expected to be in the range of $101.0 million to $101.8 million, compared to $68.9 million in fiscal 2024.
Adjusted Net Income(1) in fiscal 2025 is expected to be in the range of $120.0 million to $122.0 million.
Adjusted EBITDA(1) in fiscal 2025 is expected to be in the range of $421.0 million to $425.0 million, compared to $220.6 million in fiscal 2024.
Adjusted EBITDA Margin(1) in fiscal 2025 is expected to be in the range of 15.0% to 15.1%, compared to 12.1% in fiscal 2024.
Project backlog is expected to be approximately $3.0 billion as of September 30, 2025, compared to $2.94 billion at June 30, 2025 and $1.96 billion at September 30, 2024.
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 its audit of the Company's financial statements for the fiscal year ended September 30, 2025. 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, 2025 are finalized.
Introducing Fiscal Year 2026 Outlook
The Company's outlook for fiscal year 2026 with regard to revenue, net income, Adjusted Net Income, Adjusted EBITDA and Adjusted EBITDA Margin is as follows:
Revenue in the range of $3.400 billion to $3.500 billion
Net income in the range of $150.0 million to $155.0 million
Adjusted Net Income(1) in the range $158.1 million to $164.2 million
Adjusted EBITDA(1) in the range of $520.0 million to $540.0 million
Adjusted EBITDA Margin(1) in the range of 15.3% to 15.4%
Smith commented, "As our family of companies continues executing on our strategic growth plan, both organically and through acquisitions, we remain focused on expanding margins by enhancing operational performance and strategic bidding in our markets, increasing vertical integration opportunities of construction materials and services, and scaling corporate costs across the organization. We believe our business will continue to benefit from opportunities presented by transportation funding programs and healthy commercial markets in the Sunbelt. Our fiscal 2026 outlook represents another strong year of expected growth, and we are bullish about the future of CPI as we continue to build value for all of our stakeholders."
(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.
Analyst Day Webcast Information
The Company's Analyst Day event will be made available online tomorrow, October 22, 2025, at approximately 10:00 a.m. Eastern Time via a live audio webcast with accompanying slides. Interested parties who would like to participate virtually are invited to join the Construction Partners Analyst Day 2025 webcast by visiting the "Events & Presentations" section of the Company's Investors website at https://ir.constructionpartners.net/. A replay of the webcast and the accompanying presentation will be made available on the Investors website following the conclusion of the live event.
About Construction Partners, Inc.
Construction Partners, Inc. is a vertically integrated civil infrastructure company operating in local markets throughout the Sunbelt in Alabama, Florida, Georgia, North Carolina, Oklahoma, South Carolina, Tennessee and Texas. Supported by its hot-mix asphalt plants, aggregate facilities and liquid asphalt terminals, the Company focuses on the construction, repair and maintenance of surface infrastructure. Publicly funded projects make up the majority of its business and include local and state roadways, interstate highways, airport runways and bridges. The company also performs private sector projects that include paving and sitework for office and industrial parks, shopping centers, local businesses and residential developments. To learn more, visit www.constructionpartners.net.
Cautionary Note Regarding Forward-Looking Statements
Certain statements contained herein that are not statements of historical or current fact constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and 21E of the Securities Exchange Act of 1934. These statements may be identified by the use of words such as "seek" "continue," "estimate," "predict," "potential," "targeting," "could," "might," "may," "will," "expect," "should," "anticipate," "intend," "project," "outlook," "believe," "plan" and similar expressions or their negative. These forward-looking statements include, among others, statements regarding the Company's expected revenue, net income, Adjusted Net Income, Adjusted EBITDA, and Adjusted EBITDA Margin for the fiscal year ended September 30, 2025, the Company's fiscal year 2026 outlook and the Company's business strategy. These and other forward-looking statements are based on management's current views and assumptions and involve risks and uncertainties that could significantly affect expected results. Important factors could cause actual results to differ materially from those expressed in the forward-looking statements, including, among others: the preliminary financial information remaining subject to changes and finalization based upon management's ongoing review of results for the fiscal ...
