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) acquired A.L. Grading Contractors (ALGC) for a total consideration of $245.5 million, expanding Cardinal into Georgia and adding unaudited ALGC revenue of $160 million with a 26.3% Adjusted EBITDA margin (TTM to Sept 30, 2025).
Cardinal provided preliminary 2025 results (revenue ~$452.3M–$459.7M; Adj. EBITDA margin ~17.8%–18.0%) and 2026 guidance (revenue $664.9M–$678.3M; Adj. EBITDA margin at least 20%). Pro forma net tangible leverage is ~1.27x.
Cardinal Infrastructure Group (NASDAQ: CDNL) priced its initial public offering of 11,500,000 Class A shares at $21.00 per share for gross proceeds of approximately $241,500,000, before underwriting discounts, commissions and offering expenses.
The company granted underwriters a 30-day option to purchase up to an additional 1,725,000 shares (15%). Shares are expected to begin trading on the Nasdaq Global Select Market on December 10, 2025 under the ticker CDNL, with the offering expected to close on December 11, 2025, subject to customary closing conditions.