Construction Partners, Inc. (ROAD)
NASDAQIndustrialsEngineering & ConstructionSnapshot 2026-09-04
$104.68+1.95%
Close 2026-09-04 · 1-day change
NASDAQIndustrialsEngineering & ConstructionSnapshot 2026-09-04
QuarterlyIQ Insights · ROAD
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance recently climbed back into the top half of its industry — confirming the recovery.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | 5.8% |
| Our one-year growth estimate | diamond | 16.3% |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the same direction.
Price observations: 365 days
Most sensitive to the broad stock market.
Based on historical daily prices through 2026-09-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
A larger daily loss that occurred about once in every 20 trading days.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Growth built into the price is above our model estimate.
The price assumes 10.5 percentage points less one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-09-04 · Compared with 32 industry peers · Company calendar date is not available
ROAD — legal / regulatory event — Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standar…
Dated 2026-08-10
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On August 10, 2026, Construction Partners, Inc. (the “Company”) notified The Nasdaq Stock Market LLC (“Nasdaq”) that due to the death of Michael H. McKay, an independent director of the Company and member of the Audit Committee (the “Audit Committee”) of the Company’s Board of Directors (the “Board”), the Audit Committee has been reduced to two independent directors, and the Company is not com…
Why it matters: The loss of a key board member may affect governance and strategic direction. Investors will want to see how the company addresses this gap.
Worry ifThe company appoints a new independent director to the board within three months.
Less concerning ifThe board remains at two independent directors for more than three months.
Why it matters: Operating income results will show how well the company manages costs. This is key for future profitability.
Worry ifOperating income improves year over year by more than 5%.
Less concerning ifOperating income declines year over year or stays flat.
Why it matters: The loss of a board member may impact governance and compliance with Nasdaq rules.
Worry ifThe company meets Nasdaq's listing rules after changing the board.
Less concerning ifMore notices from Nasdaq about compliance problems.
Why it matters: New acquisitions could improve CPI's skills and market presence. This will help growth.
Supportive ifAnother acquisition might be announced. This could help expand services or reach new areas.
Worry ifNo new acquisitions may be announced next quarter. This could mean a slowdown in growth.
We watch for confirming and disproving signals on each item. Resolutions are found automatically where possible and checked by hand for unclear cases. Last 90 days shown.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$211 on $10,000 · ±2.1% | How much price usually moves either way. |
| Bad day | $481 loss on $10,000 · 4.8% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $3,344 loss on $10,000 · 33.4% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.
Why it matters: Losing a key Board member may change how the company is run.
Worry ifThe Audit Committee adds a third independent director in three months.
Less concerning ifNo new independent director is added in three months. This raises governance concerns.
Why it matters: A buyback program can boost share value and show confidence in the business. It signals management's commitment to returning cash to shareholders.
Supportive ifThe company announced a share buyback program. It includes a specific dollar amount.
Worry ifNo announcement of a buyback program by the next earnings date.
Why it matters: Operating income trends show how well the company controls costs and makes money. A steady or rising income means better financial health.
Supportive ifQ2 operating income reported at or above $37.38M.
Worry ifOperating income falls below $37.38M.
Why it matters: A drop in cash from operations can signal cash flow problems. This could affect future investments.
Worry ifCash from operations was below $65.21M.
Less concerning ifCash from operations goes up or stays above $65.21M.
Why it matters: Improving cash flow shows the company is generating more cash from its core operations. This is crucial for funding growth and paying debts.
Supportive ifCash from operations reported at or above $65.21M.
Worry ifCash from operations falls below $65.21M.
Why it matters: Keeping or improving margins shows good cost management and profit.
Supportive ifAdjusted EBITDA margin exceeds 15.36% in the next quarter.
Worry ifAdjusted EBITDA margin falls below 15.36% in the next quarter.
Why it matters: A stable or growing backlog shows strong future projects and demand.
Supportive ifBacklog remains above $3.36 billion in the next quarter.
Worry ifBacklog drops below $3.36 billion in the next quarter.
Why it matters: If operating income stays the same or gets better, it shows management can manage costs. This is key for investor trust.
Supportive ifOperating income for Q2 shows no decline or an increase compared to Q1.
Worry ifOperating income continues to decline from $37.38M in Q2.
Why it matters: Strong cash flow helps keep operations running and supports financial health.
Supportive ifCash flow from operations exceeds $90 million in Q4 FY26.
Worry ifCash flow from operations falls below $80 million in Q4 FY26.
Why it matters: If the integration works, it will help them in the market. It will also make their operations better in Oklahoma.
Supportive ifEllsworth shows more project wins or revenue growth within six months after the deal.
Worry ifEllsworth fails to meet revenue goals or has operational problems within six months.
Why it matters: If successful, integration will help CPI grow in Oklahoma. It will also support data center projects.
Supportive ifThe Ellsworth division may report good performance and project wins next quarter.
Worry ifThe Ellsworth division may face challenges or delays in projects next quarter.
Why it matters: Going above this level would show strong demand and good growth strategies.
Supportive ifCPI reports Q3 revenue growth of more than 25% compared to Q3 FY25.
Worry ifQ3 revenue growth falls below 25% year over year.
Why it matters: Better cash flow shows stronger financial health and helps support growth plans.
Supportive ifCPI reports cash flow from operations increase by at least 10% compared to Q2 FY26.
Worry ifCash flow from operations decreases or remains flat compared to Q2 FY26.
Why it matters: Changes in the Board may impact governance and direction after the recent loss.
Watch forCPI announces the appointment of a new independent director to the Board.
Also watch forCPI fails to appoint a new independent director within the next quarter.