Construction Partners, Inc. SEC Filings

Hoffman Gregory A reported acquisition or exercise transactions in this Form 4 filing.

Construction Partners, Inc. reported that its SVP and Chief Financial Officer, Gregory A. Hoffman, received a grant of 50,000 restricted shares of Class B common stock on August 6, 2026. These Class B shares, each convertible into one Class A share and carrying 10 votes per share, vest as a single tranche on September 30, 2030, subject to his continued service. After this award, he directly holds 70,621 Class B shares and 40,217 Class A shares, including 7,043 time-vested restricted Class A shares scheduled to vest between 2026 and 2029.

Brooks Judson Ryan reported acquisition or exercise transactions in this Form 4 filing.

Construction Partners, Inc. reported that SVP and General Counsel Brooks Judson Ryan received a grant of 40,000 restricted shares of Class B common stock on August 6, 2026. These shares vest as a single tranche on September 30, 2030, subject to continued service, and are convertible into an equal number of Class A shares; each Class B share carries 10 votes versus one vote for Class A. Following this grant, Ryan directly holds 52,458 Class B shares and 25,575 Class A shares, including 3,632 time-vested restricted Class A shares, plus 1,388 cash-settled RSUs tied to Class A.

Baugnon Robert G reported acquisition or exercise transactions in this Form 4 filing.

Construction Partners, Inc. reported that Senior VP, Personnel and Admin, Robert G. Baugnon received a grant of 40,000 restricted shares of Class B common stock on August 6, 2026. These shares carry time-based vesting and are scheduled to vest in a single tranche on September 30, 2030, subject to his continued service. Each Class B share is convertible into one share of Class A common stock and carries 10 votes per share. Following this grant, he directly holds 40,000 restricted Class B shares and 24,655 Class A shares, including 4,839 restricted Class A shares that vest between 2026 and 2029.

Smith Fred Julius III reported acquisition or exercise transactions in this Form 4 filing.

Construction Partners, Inc. reported that President and CEO Fred Julius Smith III received a grant of 50,000 restricted shares of Class B common stock on August 6, 2026. These shares vest as a single tranche on September 30, 2030, subject to continued service, bringing his directly held Class B position to 427,155 shares. He also reports indirect holdings of Class B through two LLCs and both restricted and indirect holdings of Class A common stock.

Construction Partners, Inc. reported that, following the July 22, 2026 death of independent director and Audit Committee member Michael H. McKay, its Audit Committee now has two independent directors and no longer meets Nasdaq Listing Rule 5605(c)(2)(A), which requires three. The company plans to rely on the cure period under Nasdaq Listing Rule 5605(c)(4)(B), generally lasting until the earlier of its next annual stockholders’ meeting or July 22, 2027, while it seeks a new qualified independent director.

The company also issued 619,000 restricted shares of Class B common stock on August 6, 2026 under its 2024 Restricted Stock Plan to certain employees, in an unregistered transaction relying on Section 4(a)(2) of the Securities Act and/or Regulation D. These shares vest in a single tranche on September 30, 2030, subject to continued service. A press release honors Mr. McKay’s long tenure and contributions to the company’s governance and strategy.

Construction Partners, Inc., a Sunbelt-focused roadway and infrastructure contractor, reported strong results for the three and nine months ended June 30, 2026. Revenue rose to $999.4M for the quarter and $2.58B year-to-date, with net income of $59.6M and $85.9M, respectively. Diluted EPS was $1.06 for the quarter and $1.53 year-to-date, and operating cash flow reached $240.9M.

The company completed four asphalt and paving acquisitions totaling $349.2M, adding plants and crews in Texas, Florida and Tennessee; these contributed $249.7M of revenue and $15.2M of net income year-to-date and created $196.5M of goodwill. Long-term debt stands at $1.80B, primarily Term Loan A and Term Loan B borrowings, with a consolidated net leverage ratio of 3.17x versus a maximum covenant of 4.75x. Unsatisfied performance obligations total about $2.7B, with roughly $0.9B expected to convert to revenue during the remainder of fiscal 2026 and $1.8B thereafter.

Construction Partners, Inc. reported strong fiscal third-quarter 2026 results, with revenue of $999.4 million, up 28.2% from $779.3 million a year earlier. Gross profit rose to $168.4 million, while net income increased to $59.6 million and diluted EPS reached $1.06.

Non-GAAP metrics also improved, as Adjusted net income rose to $60.6 million and Adjusted EBITDA grew 23.8% to $163.0 million, representing a 16.3% margin. Project backlog reached a record $3.36 billion at June 30, 2026, supported by public-infrastructure and commercial demand across Sunbelt markets.

The company expanded its Oklahoma footprint through the Ellsworth Construction acquisition and raised fiscal 2026 guidance to revenue of $3.64–$3.68 billion, net income of $165.0–$168.0 million and Adjusted EBITDA of $559.0–$569.0 million, with an expected Adjusted EBITDA margin of 15.36%–15.46%.

BlackRock, Inc. reports beneficial ownership of 7,100,031 shares of Construction Partners, Inc. Class A stock on an amended Schedule 13G, representing 14.8% of the class. BlackRock has sole voting power over 7,017,366 shares and sole dispositive power over 7,100,031 shares, with no shared voting or dispositive power reported.

The filing notes that this ownership reflects securities held by certain BlackRock business units and excludes others whose holdings are disaggregated under SEC guidance. It also states that iShares Core S&P Small-Cap ETF has an interest in Construction Partners’ common stock that exceeds five percent of the total outstanding common stock.

Construction Partners, Inc. completed the acquisition of Ellsworth Construction, LLC, an asphalt manufacturing and construction business based in Tulsa, Oklahoma. Ellsworth operates a hot-mix asphalt plant in Broken Arrow and a permitted asphalt plant site in Greater Oklahoma City, serving public and private infrastructure projects in both metropolitan areas, including multiple data center projects.

The acquired operations will continue as a branded division of Construction Partners’ Oklahoma platform company, Overland Corporation, expanding the company’s presence in the Tulsa and Oklahoma City markets. Ellsworth’s leader, Nathan Ellsworth, will continue to run the business, and management highlights alignment on safety, quality, customer service and employee focus as supportive of integration.