Construction Partners’ ROAD 2030 Plan Gains Speed as Revenue, EBITDA and Backlog Hit New Highs
Construction Partners’ ROAD 2030 Plan Gains Speed as Revenue, EBITDA and Backlog Hit New Highs
Construction Partners, Inc. (NASDAQ: ROAD) appears to be moving faster toward its long-term ROAD 2030 goals after reporting a strong fiscal second quarter for 2026. The company posted sharp year-over-year growth in revenue and adjusted EBITDA, while its project backlog climbed to a record level.
The road construction and infrastructure company reported fiscal second-quarter revenue of $769.2 million, up 34.5% from $571.7 million in the same period a year earlier. Adjusted EBITDA rose 34.6% to $93.3 million, showing that growth is not only coming from higher sales but also from stronger execution. Construction Partners’ investor relations release confirmed these results.
Record Backlog Supports Growth Outlook
One of the clearest signs of momentum is the company’s backlog. Construction Partners ended the quarter with a record backlog of $3.14 billion. This backlog is important because it gives investors a clearer view of future revenue. Reports on the company’s earnings call noted that around 80% to 85% of expected contract revenue over the next 12 months is already covered by backlog.
This strong backlog reflects steady demand for roadbuilding, paving, infrastructure repair and related construction services across the company’s Sunbelt markets. Public infrastructure spending remains a major driver, while private commercial projects also continue to support demand.
Why ROAD 2030 Looks More Achievable
The company’s ROAD 2030 plan aims to significantly expand the business by the end of fiscal 2030. Management has targeted more than $6 billion in annual revenue, more than $1 billion in annual adjusted EBITDA and an adjusted EBITDA margin of about 17%.
Recent results suggest Construction Partners may be advancing toward those targets faster than many expected. Revenue growth of about 35%, adjusted EBITDA growth of about 35% and a record backlog all point to strong operating momentum. The company also raised its fiscal 2026 outlook, with expected revenue of $3.59 billion to $3.65 billion and adjusted EBITDA of $552 million to $564 million.
Acquisitions and Sunbelt Demand Remain Key Drivers
Construction Partners has built its strategy around expanding in high-growth Sunbelt markets. Population growth, business relocation, highway upgrades and state-level infrastructure funding are helping support demand for road and paving work.
The company also continues to use acquisitions to strengthen its platform. In April, Construction Partners completed the acquisition of Four Star Paving, expanding its position in middle Tennessee. That deal added more local capability and supported the company’s vertically integrated model.
Investor Takeaway
Construction Partners’ latest quarter shows a company with strong demand, improving profitability and clearer visibility into future work. The ROAD 2030 plan still depends on steady execution, disciplined acquisitions, labor availability, project pricing and stable infrastructure demand. However, the latest figures suggest the company is making meaningful progress ahead of schedule.
For investors watching the infrastructure and construction sector, ROAD remains a stock worth monitoring closely. Its record backlog, raised guidance and strong growth profile show that the company’s long-term strategy is gaining traction. Still, valuation, debt levels and broader market conditions should be considered before making any investment decision.
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