Construction Partners, Inc. SEC Filings

Construction Partners, Inc. amended its Term Loan B Credit Agreement, refinancing existing term loans and adding $300.0 million of incremental term loans. This raised total term loan principal from $839.4 million to $1,139.4 million, with all TLB term loans maturing on November 1, 2031.

The amendment modestly reduces interest margins when the consolidated first lien net leverage ratio is below 2.95-to-1.00, adds 0.25%-per-quarter amortization, and introduces six-month, 1.00% repricing protection. It also loosens certain leverage-based covenants, permits up to $50.0 million per year of share repurchases, and increases flexibility in capital structure management and cash netting.

Construction Partners, Inc. amended its Term Loan A / Revolver Credit Agreement to increase its revolving credit facility from $500.0 million to $700.0 million. The amendment also resets financial covenants, including a minimum consolidated interest coverage ratio of 2.75-to-1.00 and a step-down schedule for the maximum consolidated net leverage ratio through future fiscal quarters.

The revised agreement adds flexibility, such as permitting certain subsidiaries to be treated as Immaterial Subsidiaries, raising the material acquisition threshold to $100.0 million, and creating a restricted payment basket for stock repurchases of up to $50.0 million per fiscal year. It also enhances capital structure tools, including expanded Qualifying Cash netting, a longer reinvestment period for asset sale proceeds, Limited Condition Transaction provisions for acquisitions, and resetting the accordion to the greater of $400.0 million and Consolidated Adjusted EBITDA.

Construction Partners, Inc. reported strong growth for the quarter ended March 31, 2026, with revenues rising to $769.2 million from $571.7 million a year earlier and net income increasing to $9.2 million from $4.2 million.

For the six-month period, revenue reached $1.58 billion versus $1.13 billion, while net income improved to $26.4 million from $1.2 million, lifting diluted EPS to $0.47. Operating cash flow strengthened to $147.8 million, supporting heavy investment in property and acquisitions.

The company completed three acquisitions totaling about $289.0 million, adding asphalt plants and crews in Texas and Florida and recording provisional goodwill of $154.7 million. Total debt increased to $1.76 billion, with a reported net leverage ratio of 3.23-to-1.00, within covenant limits, and remaining performance obligations of approximately $2.6 billion.

Construction Partners, Inc. reported strong fiscal 2026 second quarter results and raised its full-year outlook. Revenue for the quarter reached $769.2 million, up 34.5% from $571.7 million a year earlier, while gross profit increased to $98.9 million from $71.4 million.

Net income doubled to $9.2 million, with diluted EPS rising to $0.16 from $0.08. Adjusted net income was $10.4 million and Adjusted EBITDA was $93.3 million, up 34.6% from $69.3 million. Project backlog reached a record $3.14 billion as of March 31, 2026.

For fiscal 2026, the company now expects revenue between $3.59 billion and $3.65 billion, net income of $159.0–$162.0 million, Adjusted net income of $170.4–$174.2 million, and Adjusted EBITDA of $552.0–$564.0 million, implying an Adjusted EBITDA margin of about 15.4%.

Construction Partners Inc: FMR LLC filed Schedule 13G/A (Amendment No. 3) reporting beneficial ownership of 7,118,569.23 shares of Class A common stock, representing 14.8% of the class. The cover shows sole dispositive power of 7,118,569.23 and sole voting power of 7,030,762.00. The filing notes that one or more other persons may have rights to dividends or sale proceeds but no other single person holds more than 5%.

Construction Partners, Inc. Senior VP of Personnel and Administration Robert G. Baugnon acquired 55 shares of Class A common stock on April 2, 2026 at $92.27 per share through the company’s Employee Stock Purchase Plan. After this transaction, he directly holds 24,602 shares.

This total includes 4,839 restricted shares with time-based vesting: 2,149 shares on September 30, 2026, 1,476 shares on September 30, 2027, 857 shares on September 30, 2028 and 357 shares on September 30, 2029, over which he has sole voting power.

Construction Partners, Inc. has completed the acquisition of Four Star Paving, LLC, a commercial paving contractor operating across the Nashville, Tennessee metro area. Four Star, which has provided asphalt paving and related services for more than 20 years, serves municipal, industrial and commercial customers in middle Tennessee.

The acquired business is being added to Construction Partners’ Tennessee platform company, Pavement Restorations, Inc. Management states that the transaction strengthens vertical integration, expands capabilities and scale in the region, and converts a long-standing FOB asphalt customer of the company’s three Nashville-area plants into an in-house construction operation.

Construction Partners, Inc. reported results from its annual stockholder meeting and a new trading venue for its stock. Holders representing 129,770,507 votes, or 97.2% of total voting power as of January 23, 2026, were present or represented by proxy.

Stockholders reelected Craig Jennings and Mark R. Matteson as Class II directors, each to serve until the 2029 annual meeting, and ratified RSM US LLP as independent registered public accounting firm for the fiscal year ending September 30, 2026.

The company also announced a dual listing of its Class A common stock on Nasdaq Texas, LLC, while maintaining its primary listing on The Nasdaq Global Select Market. Trading on Nasdaq Texas will begin March 30, 2026, under the ticker symbol “ROAD.”