Welcome to our dedicated page for Cardinal Infra news (Ticker: CDNL), a resource for investors and traders seeking the latest updates and insights on Cardinal Infra stock.
Cardinal Infrastructure Group Inc. provides civil infrastructure and site-development services for residential, commercial, industrial, municipal and state infrastructure markets in the Southeastern United States. The company self-performs wet utility installation, grading, site clearing, erosion control, drilling and blasting, paving, stormwater work and related site services through specialized crews, fleets and operating subsidiaries.
Cardinal news commonly covers financial results and guidance, project awards, acquisition-led expansion, leadership appointments and public-company milestones following its Nasdaq listing under CDNL. Updates also describe contract activity across Sunbelt markets, including larger civil scopes for data center and other commercial infrastructure projects.
Cardinal Infrastructure Group (Nasdaq: CDNL) closed its upsized underwritten public offering of 4,000,000 Class A shares at $73.00 per share.
According to Cardinal, underwriters fully exercised their option for 600,000 additional shares, bringing total gross proceeds to about $336 million before discounts and expenses.
Cardinal Infrastructure Group (Nasdaq: CDNL) priced an upsized underwritten public offering of 4,000,000 Class A shares at $73.00 per share, for expected gross proceeds of about $292 million before expenses. Underwriters have a 30-day option for 600,000 additional shares, with closing expected June 26, 2026.
Cardinal Infrastructure Group (Nasdaq: CDNL) announced a proposed underwritten public offering of 3,750,000 shares of Class A common stock, all sold by the company.
The company plans to grant underwriters a 30-day option for up to 562,500 additional shares. A Form S-1 registration statement has been filed but is not yet effective.
Cardinal Infrastructure Group (Nasdaq: CDNL) announced the acquisition of Piedmont Pipe Construction, a wet utilities provider founded in 1999 and operating across North and South Carolina.
The deal expands Cardinal's wet utility capabilities in the high-growth Charlotte market, where Piedmont will operate under the Cardinal Civil Contracting brand.
Cardinal Infrastructure Group (Nasdaq: CDNL) announced two key leadership moves: promoting Marisa Hodes to Vice President of the Carolinas and formally appointing Chace Adams as Safety Director.
Hodes has overseen over $550 million in site development work, while Adams now leads a safety team of more than 10 professionals across the Southeast.
Cardinal Infrastructure Group (Nasdaq: CDNL) announced management participation in the Stifel Cross Sector Conference and the William Blair Growth Stock Conference on June 2-3, 2026.
Executives will meet institutional investors and host a webcasted presentation, with live access and 30-day replays via the investor relations website.
Cardinal Infrastructure Group (NASDAQ: CDNL) reported strong Q1 2026 results and raised full-year guidance.
Revenue was $167.5 million, up 105% (64% organic); net income rose 73% to $11.5 million. Backlog reached $854 million, up 60%. Cardinal now guides 2026 revenue to $675–$685 million with adjusted EBITDA margin of 20%+.
Cardinal Infrastructure Group (Nasdaq: CDNL) will release its first-quarter 2026 financial results before market open on Tuesday, May 12, 2026 and will hold a conference call the same day at 10:30 AM ET.
Webcast information, a presentation, the press release and supporting financial materials will be available on the company website prior to the call, and a replay will be posted shortly after the presentation.
Cardinal Infrastructure Group (NASDAQ: CDNL) was awarded a $24 million contract to deliver full-site civil infrastructure services for the first phase of a multi-phase data center campus.
Work is scheduled to begin in Q2 2026 with projected substantial completion in 2027. Cardinal will self-perform the complete civil scope, including utilities, earthwork, erosion control, storm drainage, stormwater management, and site paving. This is Cardinal's first mission-critical data center contract and represents end-market diversification.
Cardinal Infrastructure Group (NASDAQ: CDNL) named Erik West as President of the Carolinas effective March 20, 2026. West, with over 30 years in construction and ten years at Cardinal, will oversee operations across North and South Carolina and lead regional growth and client service.
He previously served as Chief Operating Officer of Cardinal Civil Contracting and led integration of acquisitions in Greensboro and Charlotte.