Construction Partners, Inc. Class A (ROAD)

In October 2025, Construction Partners completed acquisitions in Florida and Texas, adding eight hot-mix asphalt plants. The company also announced preliminary fiscal 2025 results and its fiscal 2026 outlook. In November 2025, Fiscal 2025 results were announced, reporting a 54% increase in revenue and a 48% rise in net income. The company concluded fiscal year 2025 with a record project backlog of $3.0 billion, though Q4 2025 EPS missed estimates. In January 2026, the company announced its schedule for the Fiscal 2026 First Quarter Earnings Release. The stock price increased by 28.43% from January 7, 2025, to January 6, 2026. The company amended its credit agreement in June 2025, increasing its total facility size to $1.1 billion.

The demand for Construction Partners, Inc.'s products and services is subject to seasonality, with the primary construction season running from April to October. The company's focus on the Sunbelt region mitigates some seasonal impacts. Publicly funded projects provide a stable demand curve, helping to balance seasonal fluctuations, though adverse weather can still cause project delays.

Construction Partners, Inc. (ROAD) specializes in roadway construction and maintenance within the Industrials sector. The company is vertically integrated, controlling operations from raw materials to project completion. Its services include hot mix asphalt (HMA) production, paving, site development, aggregate mining, and liquid asphalt cement distribution, serving both public and private infrastructure projects.

Construction Partners, Inc. primarily operates in local markets throughout the Sunbelt region of the United States, including Alabama, Florida, Georgia, North Carolina, Oklahoma, South Carolina, Tennessee, and Texas.

Construction Partners, Inc. has maintained a positive brand reputation, driven by strong financial and operational performance. Fiscal year 2025 saw a 54% increase in revenue and a 48% rise in net income, fueled by strategic acquisitions. Analyst consensus for ROAD stock is generally positive, with ratings often indicating "Buy" or "Strong Buy." A short attack by Spruce Point Capital in early 2025 led to a stock price drop, but the company's fundamentals remained strong.

Construction Partners, Inc. has significant institutional ownership, including Vanguard Group Inc, Fmr Llc, and BlackRock, Inc. Key individual shareholders include Craig Jennings, Mark R. Matteson, and Ned N. Fleming III, with Craig Jennings being the largest individual shareholder, owning 34.79% of the company.