Free tools Windows power users keep installed
One-click scans. No signup required.
Construction Partners’ latest reported quarter showed strong growth, a larger backlog and higher fiscal 2026 guidance—but those results do not establish whether ROAD shares are cheap or expensive. The company’s August 7, 2026 release covers the quarter ended June 30; it provides no current share price or fair-value estimate. Investors can assess the business fundamentals, but a claim that the stock has pulled back or now trades below fair value requires separate, dated market data and a transparent valuation method.
What Construction Partners does—and why the business model matters
Construction Partners, Inc. (Nasdaq: ROAD) is a vertically integrated civil infrastructure contractor focused on asphalt and roadway construction and maintenance in local Sunbelt markets. It operates hot-mix asphalt plants, aggregate facilities and liquid asphalt terminals, and serves public and private customers across Alabama, Florida, Georgia, North Carolina, Oklahoma, South Carolina, Tennessee and Texas. Publicly funded roadway, highway, airport runway and bridge projects make up most of its business; private work includes paving and sitework for commercial and residential development. The company’s investor-relations site describes its operations and announcements.
Owning materials and production facilities may give a contractor more control over supply and project execution, but that structure alone does not prove a margin advantage. Results can still be affected by weather, input costs, project schedules, bidding, labor availability and public funding.
What the latest results show
For the fiscal third quarter ended June 30, 2026, Construction Partners reported revenue of $999.4 million, up 28.2% from $779.3 million a year earlier. Net income was $59.6 million, compared with $44.0 million; adjusted net income was $60.6 million, compared with $45.2 million. Adjusted EBITDA rose 23.8% to $163.0 million from $131.7 million. The figures and the company’s non-GAAP reconciliations appear in its August 7, 2026 earnings release filed as SEC Exhibit 99.1.
Windows Errors? Fix Them Before They Spread
Repair common Windows errors and clear accumulated junk for a smoother, more stable PC - no reinstall needed.Free scan · no reinstallOutdated Drivers Are Slowing You Down
One free scan finds every outdated or missing driver and matches the right update for your exact hardware.Free scan · exact hardware match#1 Best Overall
- Valued Carpenter Pencil Set: You will get 2 pcs solid carpenter pencils with 26 piece 2.8 mm refills, 1 replaceable sharpener, 1 plastic storage box.The complete carpenter pencils combination allows you to finish your work faster and more easily
- Deep Hole Marker Pencil: The deep-hole construction pencils adopts 45mm elongated tip design, which is more convenient to mark in the small hole or in other tight areas that other carpenter markers cannot reach
- Carpenter Pencils with Sharpener: The sharpener is screwed into the top of the work pencil, which won't get lost either. Built-in pencil sharpener that keep the lead with pointed and smooth to Improves line of sight in fine work
- Stronger Solid Lead: This work pencil is matched with a 2.8 mm thick lead , which is much thicker and stronger during the drawing process of construction work, it will not break or damage easily
- Marks on Various Surfaces: 3 colors solid construction pencil can marks on various surfaces,such as metal, plastic, wood, paper etc. Ideals for woodworkers, contractors, craftsmen, builders, merchants and masons
Management said growth came despite energy-cost inflation and extremely wet weather in May across many of its markets, and characterized demand for public infrastructure and commercial construction as healthy. Those are management’s explanations and assessment, not independent confirmation of future demand or profitability.
Backlog is a demand indicator, not booked profit
Reported project backlog was $3.36 billion as of June 30, 2026, versus $2.94 billion a year earlier and $3.14 billion at March 31, 2026. That increase supports the view that the company has substantial work in its pipeline. It does not mean the full amount will be recognized as revenue in a particular period or produce a specified profit: schedules, project execution, costs and contract changes affect conversion.
Rank #2
- Ergonomically Designed: Work in tight areas with a compact design that gets into tough spots
- Compact and Lightweight: Both tools are designed to fit into difficult to reach spaces. The 1/4" impact driver has a length of 5.55 in. and weighs just 2.8 lbs, while the 1/2" drill/driver measures only 7.5 in. and weighs 3.6 lbs
- Both the DEWALT impact driver and electric drill driver feature integrated LED work lights with a convenient 20-second delay, ensuring enhanced visibility in dimly lit or challenging work areas
- One-Handed Loading - Keep one hand free with a 1/4 in. hex chuck that accepts 1 in. bit tips
- Power drill cordless with 1/2" single sleeve ratcheting chuck provides tight bit gripping strength, making bit changes faster and more secure
How to read the fiscal 2026 guidance
On August 7, management raised its outlook for the fiscal year ending September 30, 2026. These ranges are forecasts, not completed-year results.
| Measure | Fiscal 2026 outlook | How to interpret it |
|---|---|---|
| Revenue | $3.640 billion–$3.680 billion | Management projection for the full fiscal year |
| Net income | $165.0 million–$168.0 million | GAAP measure |
| Adjusted net income | $177.6 million–$181.4 million | Non-GAAP measure; see company reconciliation |
| Adjusted EBITDA | $559.0 million–$569.0 million | Non-GAAP measure; see company reconciliation |
| Adjusted EBITDA margin | 15.36%–15.46% | Non-GAAP measure; similarly named measures may not be comparable across companies |
The company’s release provides reconciliations for adjusted net income, Adjusted EBITDA and Adjusted EBITDA margin. Because these are non-GAAP measures, comparisons with other contractors require consistent definitions rather than assuming similarly named figures are directly interchangeable.
Rank #3
- 【Great Compatibility】This Katerk 1/4 inch hex shank bit holder is specifically designed for 1/4 inch hex shank drill bits. It's compatible with most 1/4 fast hex handles, hex sockets, various electric screwdrivers, and handheld screwdrivers. The bit holder makes it a valuable addition for any handyman.
- 【Secure and Safe】Built with a secure backup nut design, each drill bit holder securely locks onto your bits, ensuring they stay firmly in place. Additionally, our bit holder incorporates a high-quality steel ball rolling design that holds up to several kilograms of weight, ensuring your various drill bits don't fall off.
- 【Easy One-Handed Operation】The bit holder for impact driver allows you to change bits single-handedly, simplifying your workflow. Its multi-color design further allows for quick identification of the drill bit you need.
- 【Compact and Convenient】Thanks to its compact size, this 1/4 inch bit holder is easy to carry around. The bit holder allows for easy attachment to various tools, making this a convenient addition to your construction accessories. The Katerk bit holder is cast from high-quality alloy material, promising a long product lifespan. Despite its rugged strength, the bit holder remains lightweight, making it portable.
- 【Cool Christmas Gift For Men Stocking Stuffers】 This screwdriver bit holder, driver bit holder, impact bit holder, can be given as a gift to your loved one, especially for anyone involved in construction or electrical work. It's a must-have for stocking stuffers for men and women, tools gifts for dad, tech gadgets for men, gifts for dad, gifts for him, gifts for husband, gifts for boyfriend, cool gadgets for men, and cool gifts for dad.
Acquisitions add opportunity and execution risk
The Q3 release said Construction Partners acquired Ellsworth Construction earlier in July, expanding its Oklahoma presence around Tulsa and Oklahoma City and adding data-center construction capabilities. Management attributed part of its raised full-year outlook to Ellsworth’s expected contribution. The investor-relations page also displayed Florida acquisition completion on September 21, 2026, and Oklahoma acquisition completion on August 31, 2026. The reviewed announcements do not establish transaction financial terms, so they do not support a purchase-multiple estimate or a quantified contribution from those later transactions.
Acquisitions can expand geographic reach and capabilities, but investors also need to assess integration, purchase economics and whether expected benefits materialize. The Q3 release specifically lists integration and realization of expected benefits among its risks.
Rank #4
- Long Nib and Deep Hole Marker: Our mechanical carpenter pencil with 45mm nib is designed for easy marking of deep holes or narrow areas. These construction pencils are the great choice for woodworking tools, construction tools, carpenter tools, contractor tools, wood carpentry tools and architect tools
- Extra Refills in 2 Colors for Versatile Marking: The construction mechanical pencil comes with 12 extra 2.8mm refills, including 6 red and 6 black refills. The black refill is suitable for light surfaces, while the red wax is perfect for dark surfaces. Our carpenter mechanical pencil makes sure that you'll have an ample supply for extended use
- Built-in Sharpener: Our construction pencil comes with a built-in sharpener to ensure the mechanical pencil tip is always sharp and ready for use. Never buy an extra pencil sharpener again. A great tool for any woodworker pencil, contractor pencils. The refill can easily be extended or retracted with a simple click of the pencils mechanical, allowing you to work more efficiently and accurately
- Portable Clip Design: Our deep hole construction pencil features a portable clip design, easy to carry and attach to your pocket or tool box, so that you can keep the carpenter pencils mechanical close at hand, making it a convenient tool to have on the go. Great gifts choice for carpenters
- Stronger Pencil Lead: The black refills are made of lead, sturdy and smooth. The red refills are made of wax, clear and light. These marking pencils are much thicker and stronger than normal pencils during the marking process of construction work, suitable for various surfaces, such as glasses, metal, boards, floors, walls, furniture, etc. The written marks can be easily wiped with a wet paper towel when needed
What a fair-value analysis would still need
Operating growth and a larger backlog describe the business; they do not determine the value of its shares. The evidence cited here does not establish the size or timing of a ROAD share-price pullback, a current trading multiple or an intrinsic-value estimate. No price target or pullback percentage can responsibly be inferred from the operating release alone.
A defensible valuation would pair a dated share price and diluted share count with enterprise value, including a consistent treatment of cash and debt. It would then compare ROAD with genuinely comparable contractors using matching dates and accounting definitions, or use a cash-flow valuation with explicit assumptions. Key inputs include:
What’s actually slowing this PC down?
Pick the symptom - the matching free tool is one click away.
Best Value
- Milwaukee Ink all Fine Point Marker, Black, 4 Per Pack
- 4 per pack Features Clog Resistant Marker Tip Writes through Dusty, Wet and Oily Surfaces Durable Marker Tip for Writing on Concrete, OSB and Rough Surfaces
- Clog resistant tip writes on dusty, wet and oily surfaces and is optimized for rough surfaces such as OSB, cinderblock and concrete
- Hard hat clip- attaches for easy access
- Quick dry time with reduced smearing and marking
- How much growth is organic versus acquisition-driven.
- GAAP profitability alongside adjusted measures, and how EBITDA converts to cash.
- Backlog size and the timing, cost and profitability of its conversion.
- Net debt, interest expense and financing constraints.
- Acquisition integration and purchase economics.
- Sensitivity to margins, project timing, public funding, weather, labor, bidding and input costs.
Without current market data and those assumptions, calling ROAD undervalued or overvalued would go beyond what the available figures establish.
Risks that can complicate the growth case
Interest expense was $30.3 million in Q3 FY2026, up from $25.2 million in Q3 FY2025. For the nine months ended June 30, it was $83.3 million versus $65.0 million in the prior-year period. The company’s fiscal 2026 outlook reconciliation includes annual net interest expense of $112.5 million–$113.5 million. Rising interest expense matters when evaluating how operating earnings translate into results for shareholders.
The earnings release also identifies risks including lower public infrastructure construction or government funding, local competition, capital intensity, permitting and environmental matters, bonding capacity, inaccurate bids or cost estimates, contract cancellations, adverse weather, substantial indebtedness and covenant restrictions, supply relationships, labor retention, litigation and insurance, and information technology or internal-control matters. These risks sit alongside the company’s reported growth, not outside it.
Is ROAD stock a buy after a pullback?
The reported results provide a constructive operating backdrop: revenue and earnings increased year over year, backlog grew, and management raised its fiscal-year outlook. But the cited materials do not verify a pullback or show whether the share price adequately reflects those fundamentals. The buy question therefore remains open until a dated price, valuation framework and assumptions about earnings, debt, cash generation and acquisition execution are brought together.
Quick Recap
Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
