Construction Partners, Inc. (ROAD) · Nov 5, 2026 · Earnings

Construction Partners earnings miss EBITDA as fuel and weather bite

Miss — FY26 Adjusted EBITDA $520–524M vs prior guide $559–569M

Construction Partners’ earnings show record growth, but fiscal 2026 EBITDA missed prior guidance as weather and diesel costs pressured margins.

Construction Partners is an acquisitive, vertically integrated Sun Belt road-infrastructure platform, expanding through local operating companies, asphalt plants and greenfield locations. Before this release, the business had a record $3.36 billion backlog and a raised fiscal 2026 EBITDA target of $559–569 million, with management emphasizing organic growth plus acquisitions as the core model.

The growth engine worked, but profitability did not meet the prior bar. Preliminary fiscal 2026 revenue of $3.66–3.68 billion landed inside the company’s August guidance of $3.64–3.68 billion, but Adjusted EBITDA came in at $520–524 million versus the prior $559–569 million target. That is a meaningful shortfall, not just a timing difference, and the company attributes the damage primarily to unusually wet July weather and a rapid diesel-cost spike. 〔0〕

Metric	FY26 preliminary	FY26 prior guide	FY27 outlook
Revenue (Reconciliation of Non-GAAP Financial Measures)	$3.660–3.680B	$3.640–3.680B	$4.175–4.275B
Adjusted EBITDA (Reconciliation of Non-GAAP Financial Measures)	$520–524M	$559–569M	$585–620M
Adjusted EBITDA margin (Reconciliation of Non-GAAP Financial Measures)	14.21–14.24%	15.36–15.46%	14.0–14.5%
Net income (Reconciliation of Non-GAAP Financial Measures)	$141.5–142.5M	$165–168M	$170.9–180.8M

The fiscal 2027 outlook preserves the expansion story, but not an immediate margin breakthrough. The midpoint implies roughly 15% revenue and EBITDA growth, including 6%–8% organic revenue growth. However, the projected 14.0%–14.5% EBITDA margin is broadly flat against the weak fiscal 2026 exit and well below the prior fiscal 2026 target. Management is effectively asking investors to wait for the second half of fiscal 2027, when acquired lower-margin backlog rolls off and fuel-cost pass-through catches up. 〔1〕

Acquisitions continue to add reach, but also raise the execution burden. The company completed seven acquisitions and four greenfield locations during fiscal 2026, then added Piedmont Paving in Georgia and said it had already completed three fiscal 2027 acquisitions. Piedmont adds a Newnan asphalt plant, more than 110 employees and exposure to the Atlanta-area I-85 corridor, reinforcing the platform’s geographic density but also increasing the amount of integration and backlog conversion required to restore margins. 〔2〕

The central change is a shift from clean execution to growth under margin pressure. Fiscal 2026 still delivered approximately 30% revenue growth, 40% net-income growth and 23% Adjusted EBITDA growth, so the underlying expansion remains substantial. But versus the standing expectation, the release shows that weather, diesel inflation and acquired-project mix consumed more profitability than management had previously allowed for. 〔3〕

Bottom line: ROAD is still expanding rapidly, but this filing weakens the near-term execution story because fiscal 2026 EBITDA and net income missed the company’s own targets. The 2027 outlook keeps growth intact, yet margin recovery is deferred rather than demonstrated now.

What to watch next

Fiscal 2026 earnings call, November 19, 2026

Original filing on SEC EDGAR

More Construction Partners, Inc. news

Live · an AI on the whole US market

Breaking down Wall Street's information edge.

A buy-side analyst on every ticker.

It reads every public company's filing the second it drops — decoded into plain English, before it's a headline. The edge every investor deserves, not just the desks.

Trade the facts, not the FOMO.

Every event

8-Ks decoded the moment they file

Every number

Fundamentals, valuation, quality

What's next

Earnings calendar + the analyst view

scroll ↓

From filing to your screen in seconds

AllSight is the fastest.

DETECT

The moment it files

Every public company, around the clock. The AI never blinks and never takes lunch — nothing to set up.

filed 9:41:03 · decoded 9:41:19

DECODE

Plain English — never a call.

The event, the numbers, how it sits vs. expectations — in seconds. The AI decodes it; you pull the trigger.

DELIVER

On your screen, before the bell

Overnight and premarket, it's already read everything. You walk into every session with the setup — not scrambling to find it.

Understand it like a Wall Street analyst. Explained like a friend.

the raw filing — read the original on SEC.gov↗

decoded▸

AllSight · BlackBerry Q2 FY27

Revenue $163.3M vs ~$144M expected; adjusted basic EPS $0.07 vs ~$0.04 consensus — a real upside surprise.Income statement
QNX revenue +27% to $80.3M; segment EBITDA $29.0M from $20.5M. “Record performance… core automotive.”Segment — QNX
Licensing jumped to $22.1M from $6.6M — it amplified the beat, but it's less recurring than QNX, so the quality sits in QNX.Segment — Licensing
FY27 guide lifted to $616–636M rev / $141–158M EBITDA, above the prior $594–621M / $119–139M framework.Guidance
QNX growth, margins, cash and a raised outlook all beat. But licensing amplified it and Secure Comms is flat — net retention 91% from 93%.Segment — Secure Comms

Know a company all the way down.

Not just one filing. AllSight profiles every public company end to end — the numbers, the quality, the insiders, the smart money, the Street. One page, nothing missed.

Price & every insider trade, plotted
A quality score ranked against every peer
40+ valuation & profitability multiples
Where each one sits in its 5-year range
Whole-market insider flow, in real time
Which superinvestors are holding it
Analyst consensus & price target

Live · — filings read this week

AllSight gives you an edge others can't.

One scan before the open, one after the close — every filing on every ticker, already decoded. You walk into every session fully prepared.

Not investment advice · a neutral translation you can check against the original SEC filing

allsight.ai

Events/ANDE/8-K · Earnings

8-K · Item 2.02 · Earnings

The Andersons — a record Renewables quarter that beat profit expectations

Filed Aug 3, 2026ANDE · NASDAQ

AllSight readBeatPriced in▲ 1.8% since filed · reaction agrees

adj. EPS $2.15 vs ~$1.48 consensus

This filing tests whether The Andersons' sharp profit increase reflects broad operating improvement or a one-off renewable-fuels boost. It also separates strong adjusted earnings and cash generation from the quarter's legal and impairment charges.

The quarter was substantially stronger than both last year and the published earnings expectation. Adjusted EPS reached $2.15, versus $0.24 a year earlier and above the published consensus of about $1.48; reported EPS was $1.65. Adjusted EBITDA more than doubled to $140 million, while sales slipped modestly — the improvement came from margins and operating performance rather than higher revenue. Financial Highlights · Statements of Operations

Q2 ($M, exc. per-share)	Q2 2026	Q2 2025	YoY
Sales & merchandising revenue	3,097.7	3,135.9	−1%
Net income (attributable)	56.6	7.9	+48.7
Diluted EPS	1.65	0.23	+1.42
Adjusted EPS	2.15	0.24	+1.91
Adjusted EBITDA	140.3	65.2	+75.1
Agribusiness adj. pretax	20.3	16.8	+3.5
Renewables adj. pretax	88.4	9.6	+78.8
Cash from operations	487.9	299.3	+188.6
Cash from ops (pre-WC)	112.9	42.9	+70.1

Renewables drove nearly all of the upside — the operating backdrop was strong, but the result also benefited materially from tax credits. Renewables' adjusted pretax income rose to $88 million on record production, stronger ethanol margins and merchandising gains. It also received $24 million of 45Z producer tax credits, so this was not solely a repeatable plant-margin improvement; the company did cite healthy export and domestic ethanol demand as supportive. Renewables — Record Q2 · Segment Data

Agribusiness improved, but it was a supporting contributor rather than the main earnings engine. Adjusted pretax income increased to $20 million as fertilizer margins improved and merchandising benefited from commodity-price volatility, despite lower fertilizer volumes. Agribusiness — Improved Q2 · Segment Data

Cash generation improved and funding capacity is comfortable, while reported earnings still absorbed meaningful non-core costs. Operating cash flow was $488 million ($113 million before working-capital changes); capital spending was $76 million. Adjusted EPS excludes $0.50 of legal-settlement, impairment and transaction items, so the $2.15 adjusted result runs ahead of the $1.65 reported. Leverage stays below the <2.5× debt-to-EBITDA target; no new quantified full-year outlook was given. Cash & Liquidity · Adjusted Net Income

Community sentiment · 612 votes

58% bullish

Bull 58%Neu 27%Bear 15%

AllSight

AllSight Pro

A buy-side analyst on every ticker — reading the whole market the second it moves.

It reads every public company's filing the instant it drops and hands you what it means — in plain English, before it's a headline.

The read itself

Not another feed. A buy-side analyst that never sleeps, on everything.

Whole-market breadthevery public company

Not the 20 names CNBC repeats. Every ticker that files — thousands of companies, one AI reading all of them.

Filed-to-decoded in secondsspeed

Filed 9:41:03, decoded 9:41:19. You've got the catalyst while the tape is still moving and the crowd's still on the headline.

Past the headlinedepth

What actually happened, the numbers that matter, how it sits vs what the Street expected, and what it sets up next.

Source-grounded & neutralrigor

Every read traces to the words in the actual filing — click to see them. A translation you can check, never a buy/sell call.

Zero effort to youconvenience

Plain English, one glance. Follow your stocks and the moment any of them files, it's in your pocket — no watching, no digging.

All of it, livePro

Free reads every session once it closes. Pro reads it the moment it files: the whole market, all day, every day.

And then — go deeper

From "what happened" to "is it worth it."

Cheap or dear?Where it trades vs its own valuation history.

The quality score, in fullAll five dimensions, ranked against its sector.

Structure & multi-year trendsRevenue, margins, cash — the hard numbers, decoded.

Insider activityWho inside the company is buying and selling.

Analyst price targetsWhere Wall Street says every name is headed.

The whole company, one pagePrice, ownership, the full read — on any ticker.

Hire your personal buy-side analyst.

Trade one usual slippage for a whole market's rhythm.

Free

forever

Every closed session, on the whole market. The live session and the deep company read stay Pro.

Monthly

$29/mo

billed monthly

Everything, live — every session the moment it files, plus the full company read. Flexible, month to month.

Best value · save 40%

Annual

$17.40/mo

$209 billed yearly

about one slippage a month

Same full access — the whole market live and every company — at the lowest price. 40% off the monthly.

Billed today. Powered by Stripe · AllSight never sees your card.

Construction Partners earnings miss EBITDA as fuel and weather bite

What to watch next

More Construction Partners, Inc. news

Breaking down Wall Street's information edge.