{"url_path":"/sec/road/10-q/2026/cover-page","section_key":"cover-page","section_title":"Cover Page","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-08","source_url":"https://www.sec.gov/Archives/edgar/data/1718227/0001628280-26-032643-index.html","accession_number":"0001628280-26-032643","cik":"0001718227","ticker":"ROAD","issuer_name":"Construction Partners, Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1718227/0001628280-26-032643-index.html","primary_entity_key":"0001718227","primary_entity_name":"Construction Partners, Inc."},"word_count":1388,"has_tables":true,"body_markdown":"road-20260331\nfalse2026Q20001718227CHX--09-306xbrli:sharesiso4217:USDiso4217:USDxbrli:sharesxbrli:pureroad:plantroad:voting_rightroad:installment00017182272025-10-012026-03-310001718227us-gaap:CommonClassAMember2026-05-070001718227us-gaap:CommonClassBMember2026-05-070001718227road:NasdaqTexasLLCMember2025-10-012026-03-3100017182272026-03-3100017182272025-09-300001718227us-gaap:CommonClassAMember2025-09-300001718227us-gaap:CommonClassAMember2026-03-310001718227us-gaap:CommonClassBMember2025-09-300001718227us-gaap:CommonClassBMember2026-03-3100017182272026-01-012026-03-3100017182272025-01-012025-03-3100017182272024-10-012025-03-310001718227us-gaap:CommonClassAMemberus-gaap:CommonStockMember2025-09-300001718227us-gaap:CommonClassBMemberus-gaap:CommonStockMember2025-09-300001718227us-gaap:AdditionalPaidInCapitalMember2025-09-300001718227us-gaap:CommonClassAMemberus-gaap:TreasuryStockCommonMember2025-09-300001718227us-gaap:CommonClassBMemberus-gaap:TreasuryStockCommonMember2025-09-300001718227us-gaap:RetainedEarningsMember2025-09-300001718227us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-09-300001718227us-gaap:RetainedEarningsMember2025-10-012025-12-3100017182272025-10-012025-12-310001718227us-gaap:AdditionalPaidInCapitalMember2025-10-012025-12-310001718227us-gaap:CommonClassAMemberus-gaap:CommonStockMember2025-10-012025-12-310001718227us-gaap:CommonClassBMemberus-gaap:CommonStockMember2025-10-012025-12-310001718227us-gaap:CommonClassAMemberus-gaap:TreasuryStockCommonMember2025-10-012025-12-310001718227us-gaap:CommonClassBMemberus-gaap:TreasuryStockCommonMember2025-10-012025-12-310001718227us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-10-012025-12-310001718227us-gaap:CommonClassAMemberus-gaap:CommonStockMember2025-12-310001718227us-gaap:CommonClassBMemberus-gaap:CommonStockMember2025-12-310001718227us-gaap:AdditionalPaidInCapitalMember2025-12-310001718227us-gaap:CommonClassAMemberus-gaap:TreasuryStockCommonMember2025-12-310001718227us-gaap:CommonClassBMemberus-gaap:TreasuryStockCommonMember2025-12-310001718227us-gaap:RetainedEarningsMember2025-12-310001718227us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-12-3100017182272025-12-310001718227us-gaap:RetainedEarningsMember2026-01-012026-03-310001718227us-gaap:AdditionalPaidInCapitalMember2026-01-012026-03-310001718227us-gaap:CommonClassAMemberus-gaap:CommonStockMember2026-01-012026-03-310001718227us-gaap:CommonClassAMemberus-gaap:TreasuryStockCommonMember2026-01-012026-03-310001718227us-gaap:AccumulatedOtherComprehensiveIncomeMember2026-01-012026-03-310001718227us-gaap:CommonClassAMemberus-gaap:CommonStockMember2026-03-310001718227us-gaap:CommonClassBMemberus-gaap:CommonStockMember2026-03-310001718227us-gaap:AdditionalPaidInCapitalMember2026-03-310001718227us-gaap:CommonClassAMemberus-gaap:TreasuryStockCommonMember2026-03-310001718227us-gaap:CommonClassBMemberus-gaap:TreasuryStockCommonMember2026-03-310001718227us-gaap:RetainedEarningsMember2026-03-310001718227us-gaap:AccumulatedOtherComprehensiveIncomeMember2026-03-310001718227us-gaap:CommonClassAMemberus-gaap:CommonStockMember2024-09-300001718227us-gaap:CommonClassBMemberus-gaap:CommonStockMember2024-09-300001718227us-gaap:AdditionalPaidInCapitalMember2024-09-300001718227us-gaap:CommonClassAMemberus-gaap:TreasuryStockCommonMember2024-09-300001718227us-gaap:CommonClassBMemberus-gaap:TreasuryStockCommonMember2024-09-300001718227us-gaap:RetainedEarningsMember2024-09-300001718227us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-09-3000017182272024-09-300001718227us-gaap:RetainedEarningsMember2024-10-012024-12-3100017182272024-10-012024-12-310001718227us-gaap:AdditionalPaidInCapitalMember2024-10-012024-12-310001718227us-gaap:CommonClassAMemberus-gaap:CommonStockMember2024-10-012024-12-310001718227us-gaap:CommonClassBMemberus-gaap:CommonStockMember2024-10-012024-12-310001718227us-gaap:CommonClassAMemberus-gaap:TreasuryStockCommonMember2024-10-012024-12-310001718227us-gaap:CommonClassBMemberus-gaap:TreasuryStockCommonMember2024-10-012024-12-310001718227us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-10-012024-12-310001718227us-gaap:CommonClassAMemberus-gaap:CommonStockMember2024-12-310001718227us-gaap:CommonClassBMemberus-gaap:CommonStockMember2024-12-310001718227us-gaap:AdditionalPaidInCapitalMember2024-12-310001718227us-gaap:CommonClassAMemberus-gaap:TreasuryStockCommonMember2024-12-310001718227us-gaap:CommonClassBMemberus-gaap:TreasuryStockCommonMember2024-12-310001718227us-gaap:RetainedEarningsMember2024-12-310001718227us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-12-3100017182272024-12-310001718227us-gaap:RetainedEarningsMember2025-01-012025-03-310001718227us-gaap:AdditionalPaidInCapitalMember2025-01-012025-03-310001718227us-gaap:CommonClassAMemberus-gaap:CommonStockMember2025-01-012025-03-310001718227us-gaap:CommonClassBMemberus-gaap:CommonStockMember2025-01-012025-03-310001718227us-gaap:CommonClassAMemberus-gaap:TreasuryStockCommonMember2025-01-012025-03-310001718227us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-01-012025-03-310001718227us-gaap:CommonClassAMemberus-gaap:CommonStockMember2025-03-310001718227us-gaap:CommonClassBMemberus-gaap:CommonStockMember2025-03-310001718227us-gaap:AdditionalPaidInCapitalMember2025-03-310001718227us-gaap:CommonClassAMemberus-gaap:TreasuryStockCommonMember2025-03-310001718227us-gaap:CommonClassBMemberus-gaap:TreasuryStockCommonMember2025-03-310001718227us-gaap:RetainedEarningsMember2025-03-310001718227us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-03-3100017182272025-03-310001718227road:DepartmentOfTransportationMemberus-gaap:CustomerConcentrationRiskMemberus-gaap:SalesRevenueNetMember2026-01-012026-03-310001718227road:DepartmentOfTransportationMemberus-gaap:CustomerConcentrationRiskMemberus-gaap:SalesRevenueNetMember2025-01-012025-03-310001718227road:DepartmentOfTransportationMemberus-gaap:CustomerConcentrationRiskMemberus-gaap:SalesRevenueNetMember2025-10-012026-03-310001718227road:DepartmentOfTransportationMemberus-gaap:CustomerConcentrationRiskMemberus-gaap:SalesRevenueNetMember2024-10-012025-03-310001718227road:FloridaDepartmentOfTransportationMemberus-gaap:CustomerConcentrationRiskMemberus-gaap:SalesRevenueNetMember2026-01-012026-03-310001718227road:FloridaDepartmentOfTransportationMemberus-gaap:CustomerConcentrationRiskMemberus-gaap:SalesRevenueNetMember2025-01-012025-03-310001718227road:FloridaDepartmentOfTransportationMemberus-gaap:CustomerConcentrationRiskMemberus-gaap:SalesRevenueNetMember2025-10-012026-03-310001718227us-gaap:CustomerConcentrationRiskMemberus-gaap:SalesRevenueNetMemberroad:PrivateMember2026-01-012026-03-310001718227us-gaap:CustomerConcentrationRiskMemberus-gaap:SalesRevenueNetMemberroad:PrivateMember2025-01-012025-03-310001718227us-gaap:CustomerConcentrationRiskMemberus-gaap:SalesRevenueNetMemberroad:PrivateMember2025-10-012026-03-310001718227us-gaap:CustomerConcentrationRiskMemberus-gaap:SalesRevenueNetMemberroad:PrivateMember2024-10-012025-03-310001718227us-gaap:CustomerConcentrationRiskMemberus-gaap:SalesRevenueNetMemberroad:PublicMember2026-01-012026-03-310001718227us-gaap:CustomerConcentrationRiskMemberus-gaap:SalesRevenueNetMemberroad:PublicMember2025-01-012025-03-310001718227us-gaap:CustomerConcentrationRiskMemberus-gaap:SalesRevenueNetMemberroad:PublicMember2025-10-012026-03-310001718227us-gaap:CustomerConcentrationRiskMemberus-gaap:SalesRevenueNetMemberroad:PublicMember2024-10-012025-03-310001718227road:VulcanMaterialsCompanyMember2025-10-032025-10-030001718227road:VulcanMaterialsCompanyMember2025-10-030001718227road:PSPavingLLCMember2025-10-202025-10-200001718227road:PSPavingLLCMember2025-10-200001718227road:GMJPavingCompanyLLCMember2026-01-302026-01-300001718227road:TotalAcquisitionsMember2026-03-310001718227road:VulcanMaterialsCompanyMember2026-03-310001718227road:PSPavingLLCMember2026-03-310001718227road:GMJPavingCompanyLLCMember2026-03-310001718227road:VulcanMaterialsCompanyMember2025-10-012026-03-310001718227road:PSPavingLLCMember2025-10-012026-03-310001718227road:GMJPavingCompanyLLCMember2025-10-012026-03-310001718227road:TotalAcquisitionsMember2025-10-012026-03-3100017182272026-04-012026-03-3100017182272026-10-012026-03-310001718227us-gaap:EquipmentMember2026-03-310001718227us-gaap:EquipmentMember2025-09-300001718227us-gaap:ManufacturingFacilityMember2026-03-310001718227us-gaap:ManufacturingFacilityMember2025-09-300001718227road:MineralReservesMember2026-03-310001718227road:MineralReservesMember2025-09-300001718227us-gaap:LandAndLandImprovementsMember2026-03-310001718227us-gaap:LandAndLandImprovementsMember2025-09-300001718227us-gaap:BuildingMember2026-03-310001718227us-gaap:BuildingMember2025-09-300001718227us-gaap:FurnitureAndFixturesMember2026-03-310001718227us-gaap:FurnitureAndFixturesMember2025-09-300001718227us-gaap:LeaseholdImprovementsMember2026-03-310001718227us-gaap:LeaseholdImprovementsMember2025-09-300001718227us-gaap:SecuredDebtMemberroad:TermLoanAMemberus-gaap:LineOfCreditMember2026-03-310001718227us-gaap:SecuredDebtMemberroad:TermLoanAMemberus-gaap:LineOfCreditMember2025-09-300001718227us-gaap:SecuredDebtMemberroad:TermLoanBMemberus-gaap:LineOfCreditMember2026-03-310001718227us-gaap:SecuredDebtMemberroad:TermLoanBMemberus-gaap:LineOfCreditMember2025-09-300001718227us-gaap:RevolvingCreditFacilityMemberus-gaap:LineOfCreditMember2026-03-310001718227us-gaap:RevolvingCreditFacilityMemberus-gaap:LineOfCreditMember2025-09-300001718227us-gaap:SecuredDebtMemberroad:TermLoanAMemberus-gaap:LineOfCreditMember2022-06-300001718227us-gaap:RevolvingCreditFacilityMemberus-gaap:LineOfCreditMember2022-06-300001718227us-gaap:SecuredDebtMemberroad:TermLoan11QuartersMemberus-gaap:LineOfCreditMember2026-03-310001718227us-gaap:SecuredDebtMemberroad:TermLoanARevolverCreditAgreementMembersrt:MinimumMemberus-gaap:LineOfCreditMember2026-03-310001718227us-gaap:SecuredDebtMemberroad:TermLoanARevolverCreditAgreementMemberroad:DebtCovenantTermPeriod1Membersrt:MaximumMemberus-gaap:LineOfCreditMember2026-03-310001718227us-gaap:SecuredDebtMemberroad:TermLoanARevolverCreditAgreementMemberroad:DebtCovenantTermPeriod2Membersrt:MaximumMemberus-gaap:LineOfCreditMember2026-03-310001718227us-gaap:SecuredDebtMemberroad:TermLoanARevolverCreditAgreementMemberroad:DebtCovenantTermPeriod3Membersrt:MaximumMemberus-gaap:LineOfCreditMember2026-03-310001718227us-gaap:SecuredDebtMemberroad:TermLoanARevolverCreditAgreementMemberroad:DebtCovenantTermPeriod4Membersrt:MaximumMemberus-gaap:LineOfCreditMember2026-03-310001718227us-gaap:SecuredDebtMemberroad:TermLoanBCreditAgreementMemberus-gaap:LineOfCreditMember2024-11-010001718227us-gaap:SecuredDebtMemberroad:TermLoanBCreditAgreementMemberus-gaap:LineOfCreditMember2024-11-012024-11-010001718227us-gaap:SecuredDebtMemberus-gaap:FederalFundsEffectiveSwapRateMemberroad:TermLoanBCreditAgreementMemberus-gaap:LineOfCreditMember2024-11-012024-11-010001718227us-gaap:SecuredDebtMemberroad:TermSOFRMemberroad:TermLoanBCreditAgreementMemberroad:VariableRateComponentOneMemberus-gaap:LineOfCreditMember2024-11-012024-11-010001718227us-gaap:SecuredDebtMemberus-gaap:BaseRateMemberroad:TermLoanBCreditAgreementMemberroad:VariableRateComponentOneMemberus-gaap:LineOfCreditMember2024-11-012024-11-010001718227us-gaap:SecuredDebtMemberroad:TermSOFRMemberroad:TermLoanBCreditAgreementMemberroad:VariableRateComponentTwoMemberus-gaap:LineOfCreditMember2024-11-012024-11-010001718227us-gaap:SecuredDebtMemberus-gaap:BaseRateMemberroad:TermLoanBCreditAgreementMemberroad:VariableRateComponentTwoMemberus-gaap:LineOfCreditMember2024-11-012024-11-010001718227us-gaap:CommonClassBMember2025-10-012026-03-310001718227us-gaap:CommonClassAMember2025-10-012026-03-310001718227road:LoneStarAcquisitionMemberus-gaap:CommonClassAMember2025-10-012026-03-310001718227us-gaap:RestrictedStockMemberus-gaap:CommonClassAMemberroad:EquityIncentivePlanMember2025-10-012026-03-310001718227road:A2024StockRepurchaseProgramMember2025-10-012026-03-310001718227us-gaap:RestrictedStockMemberus-gaap:CommonClassBMemberroad:EquityIncentivePlanMember2025-10-012026-03-310001718227us-gaap:RestrictedStockMemberus-gaap:CommonClassAMemberroad:EquityIncentivePlanMemberus-gaap:ShareBasedPaymentArrangementNonemployeeMember2025-10-012026-03-310001718227us-gaap:RestrictedStockMemberus-gaap:CommonClassBMemberroad:EquityIncentivePlanMemberus-gaap:ShareBasedPaymentArrangementNonemployeeMember2025-10-012026-03-310001718227us-gaap:PerformanceSharesMemberus-gaap:CommonClassAMember2025-10-012026-03-310001718227road:ConsiderationNoteReceivableMemberus-gaap:RelatedPartyMember2017-12-310001718227road:ConsiderationNoteReceivableMemberus-gaap:RelatedPartyMember2026-03-310001718227road:AccountsPayableNoteReceivableMemberus-gaap:RelatedPartyMember2017-12-310001718227road:AccountsPayableNoteReceivableMemberus-gaap:RelatedPartyMember2026-03-310001718227road:SunTxCapitalPartnersMemberus-gaap:RelatedPartyMember2025-10-012026-03-310001718227road:PurchaserOfSubsidiaryMemberus-gaap:RelatedPartyMember2026-01-012026-03-310001718227road:PurchaserOfSubsidiaryMemberus-gaap:RelatedPartyMember2025-01-012025-03-310001718227road:PurchaserOfSubsidiaryMemberus-gaap:RelatedPartyMember2025-10-012026-03-310001718227road:PurchaserOfSubsidiaryMemberus-gaap:RelatedPartyMember2024-10-012025-03-310001718227road:PurchaserOfSubsidiaryMemberus-gaap:RelatedPartyMember2026-03-310001718227road:PurchaserOfSubsidiaryMemberus-gaap:RelatedPartyMember2025-09-300001718227road:DisposedEntityMemberus-gaap:RelatedPartyMember2026-01-012026-03-310001718227road:DisposedEntityMemberus-gaap:RelatedPartyMember2025-01-012025-03-310001718227road:DisposedEntityMemberus-gaap:RelatedPartyMember2025-10-012026-03-310001718227road:DisposedEntityMemberus-gaap:RelatedPartyMember2024-10-012025-03-310001718227road:DisposedEntityMemberus-gaap:RelatedPartyMember2026-03-310001718227road:DisposedEntityMemberus-gaap:RelatedPartyMember2025-09-300001718227road:SubcontractingServicesMemberus-gaap:RelatedPartyMember2026-01-012026-03-310001718227road:SubcontractingServicesMemberus-gaap:RelatedPartyMember2025-01-012025-03-310001718227road:SubcontractingServicesMemberus-gaap:RelatedPartyMember2025-10-012026-03-310001718227road:SubcontractingServicesMemberus-gaap:RelatedPartyMember2024-10-012025-03-310001718227road:SubcontractingServicesMemberus-gaap:RelatedPartyMember2026-03-310001718227road:SubcontractingServicesMemberus-gaap:RelatedPartyMember2025-09-300001718227road:IslandPondCorporateServicesLLCMemberus-gaap:RelatedPartyMember2026-01-012026-03-310001718227road:IslandPondCorporateServicesLLCMemberus-gaap:RelatedPartyMember2025-01-012025-03-310001718227road:IslandPondCorporateServicesLLCMemberus-gaap:RelatedPartyMember2025-10-012026-03-310001718227road:IslandPondCorporateServicesLLCMemberus-gaap:RelatedPartyMember2024-10-012025-03-310001718227road:IslandPondCorporateServicesLLCMemberus-gaap:RelatedPartyMember2026-03-310001718227road:IslandPondCorporateServicesLLCMemberus-gaap:RelatedPartyMember2025-09-300001718227road:SunTxManagementServicesAgreementMemberus-gaap:RelatedPartyMember2026-01-012026-03-310001718227road:SunTxManagementServicesAgreementMemberus-gaap:RelatedPartyMember2025-01-012025-03-310001718227road:SunTxManagementServicesAgreementMemberus-gaap:RelatedPartyMember2025-10-012026-03-310001718227road:SunTxManagementServicesAgreementMemberus-gaap:RelatedPartyMember2024-10-012025-03-310001718227road:SunTxManagementServicesAgreementMemberus-gaap:RelatedPartyMember2026-03-310001718227road:SunTxManagementServicesAgreementMemberus-gaap:RelatedPartyMember2025-09-300001718227road:EquityIncentivePlanMember2018-09-300001718227road:EquityIncentivePlanMember2024-03-012024-03-310001718227road:EquityIncentivePlanMember2026-03-310001718227road:RestrictedStockPlanMember2024-03-310001718227road:RestrictedStockPlanMember2026-03-310001718227road:RestrictedStockAndPerformanceSharesMember2026-01-012026-03-310001718227road:RestrictedStockAndPerformanceSharesMember2025-01-012025-03-310001718227us-gaap:RestrictedStockUnitsRSUMember2026-01-012026-03-310001718227us-gaap:RestrictedStockUnitsRSUMember2025-01-012025-03-310001718227us-gaap:EmployeeStockMember2026-01-012026-03-310001718227us-gaap:EmployeeStockMember2025-01-012025-03-310001718227road:RestrictedStockAndPerformanceSharesMember2025-10-012026-03-310001718227road:RestrictedStockAndPerformanceSharesMember2024-10-012025-03-310001718227us-gaap:RestrictedStockUnitsRSUMember2025-10-012026-03-310001718227us-gaap:RestrictedStockUnitsRSUMember2024-10-012025-03-310001718227us-gaap:EmployeeStockMember2025-10-012026-03-310001718227us-gaap:EmployeeStockMember2024-10-012025-03-310001718227us-gaap:RestrictedStockMember2025-09-300001718227us-gaap:RestrictedStockMember2024-09-300001718227us-gaap:RestrictedStockMember2025-10-012026-03-310001718227us-gaap:RestrictedStockMember2024-10-012025-03-310001718227us-gaap:RestrictedStockMember2026-03-310001718227us-gaap:RestrictedStockMember2025-03-310001718227road:Vesting2026Member2026-03-310001718227road:Vesting2027Member2026-03-310001718227road:Vesting2028Member2026-03-310001718227road:Vesting2029Member2026-03-310001718227road:Vesting2030Member2026-03-310001718227srt:MinimumMemberus-gaap:PerformanceSharesMember2025-10-012026-03-310001718227srt:MaximumMemberus-gaap:PerformanceSharesMember2025-10-012026-03-310001718227us-gaap:PerformanceSharesMember2026-03-310001718227road:EquityIncentivePlanMemberus-gaap:PerformanceSharesMember2026-01-012026-03-310001718227road:EquityIncentivePlanMemberus-gaap:PerformanceSharesMember2025-01-012025-03-310001718227road:EquityIncentivePlanMemberus-gaap:PerformanceSharesMember2025-10-012026-03-310001718227road:EquityIncentivePlanMemberus-gaap:PerformanceSharesMember2024-10-012025-03-310001718227us-gaap:PerformanceSharesMemberus-gaap:CommonClassAMember2026-03-310001718227us-gaap:PerformanceSharesMemberus-gaap:CommonClassAMemberroad:EquityIncentivePlanMember2026-03-310001718227us-gaap:PerformanceSharesMember2025-10-012026-03-310001718227us-gaap:RestrictedStockUnitsRSUMemberus-gaap:CommonClassAMemberroad:EquityIncentivePlanMember2026-01-012026-03-310001718227us-gaap:RestrictedStockUnitsRSUMemberus-gaap:CommonClassAMemberroad:EquityIncentivePlanMember2025-01-012025-03-310001718227us-gaap:RestrictedStockUnitsRSUMemberus-gaap:CommonClassAMemberroad:EquityIncentivePlanMember2025-10-012026-03-310001718227us-gaap:RestrictedStockUnitsRSUMemberus-gaap:CommonClassAMemberroad:EquityIncentivePlanMember2024-10-012025-03-310001718227us-gaap:RestrictedStockUnitsRSUMember2026-03-310001718227us-gaap:RestrictedStockUnitsRSUMember2025-03-310001718227us-gaap:RestrictedStockUnitsRSUMemberus-gaap:CommonClassAMemberroad:EquityIncentivePlanMember2026-03-310001718227us-gaap:RestrictedStockUnitsRSUMemberus-gaap:CommonClassAMember2026-03-310001718227us-gaap:EmployeeStockMember2021-05-310001718227us-gaap:EmployeeStockMember2023-07-012026-03-310001718227us-gaap:InterestExpenseMember2026-01-012026-03-310001718227us-gaap:InterestExpenseMember2025-01-012025-03-310001718227us-gaap:InterestExpenseMember2025-10-012026-03-310001718227us-gaap:InterestExpenseMember2024-10-012025-03-310001718227us-gaap:InterestRateSwapMemberus-gaap:OtherAssetsMember2026-03-310001718227us-gaap:InterestRateSwapMemberus-gaap:OtherAssetsMember2025-09-300001718227us-gaap:CashFlowHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2025-10-012026-03-310001718227us-gaap:CashFlowHedgingMemberus-gaap:DesignatedAsHedgingInstrumentMember2024-10-012025-09-300001718227us-gaap:FairValueInputsLevel2Member2026-03-310001718227us-gaap:FairValueInputsLevel2Member2025-09-300001718227us-gaap:USGovernmentAgenciesDebtSecuritiesMemberus-gaap:FairValueInputsLevel2Member2026-03-310001718227us-gaap:USGovernmentAgenciesDebtSecuritiesMemberus-gaap:FairValueInputsLevel2Member2025-09-300001718227us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueInputsLevel2Member2026-03-310001718227us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueInputsLevel2Member2025-09-300001718227us-gaap:MunicipalBondsMemberus-gaap:FairValueInputsLevel2Member2026-03-310001718227us-gaap:MunicipalBondsMemberus-gaap:FairValueInputsLevel2Member2025-09-300001718227us-gaap:OtherDebtSecuritiesMemberus-gaap:FairValueInputsLevel2Member2026-03-310001718227us-gaap:OtherDebtSecuritiesMemberus-gaap:FairValueInputsLevel2Member2025-09-300001718227us-gaap:RevolvingCreditFacilityMember2026-03-310001718227us-gaap:LineOfCreditMember2026-03-310001718227road:PublicUtilitiesInventoryFuelAndNaturalGasMember2026-03-310001718227us-gaap:USGovernmentDebtSecuritiesMember2026-03-310001718227us-gaap:CorporateDebtSecuritiesMember2026-03-310001718227us-gaap:MunicipalBondsMember2026-03-310001718227us-gaap:USGovernmentAgenciesDebtSecuritiesMember2026-03-310001718227us-gaap:USGovernmentDebtSecuritiesMember2025-09-300001718227us-gaap:CorporateDebtSecuritiesMember2025-09-300001718227us-gaap:MunicipalBondsMember2025-09-300001718227us-gaap:OtherDebtSecuritiesMember2025-09-300001718227us-gaap:InterestRateSwapMember2022-07-010001718227us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2026-03-310001718227us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2025-09-300001718227us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2025-09-300001718227us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2026-03-310001718227us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2024-09-300001718227us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2025-03-310001718227us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:AccumulatedOtherComprehensiveIncomeMember2026-01-012026-03-310001718227us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:AccumulatedOtherComprehensiveIncomeMember2025-01-012025-03-310001718227us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:AccumulatedOtherComprehensiveIncomeMember2025-10-012026-03-310001718227us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:AccumulatedOtherComprehensiveIncomeMember2024-10-012025-03-310001718227road:FourStarPavingLLCMemberus-gaap:SubsequentEventMember2026-04-012026-04-01\n\n[Table of Contents](#i88f30b5d295c4abdb4e0da0395b27e13_7)\n\nUNITED STATES\n\nSECURITIES AND EXCHANGE COMMISSION\n\nWASHINGTON, DC 20549\n\nFORM 10-Q\n\n(Mark One)\n\n☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\nFor the quarterly period ended March 31, 2026\n\nOR\n\n☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\nFor the transition period from                      to                     \n\nCommission File Number: 001-38479\n\nConstruction Partners, Inc.\n\n(Exact Name of Registrant as Specified in its Charter)\n\nDelaware26-0758017\n\n(State or other jurisdiction of\nincorporation or organization)(I.R.S. Employer\nIdentification No.)\n\n290 Healthwest Drive, Suite 2\n\nDothan, Alabama\n36303\n\n(Address of principal executive offices)(Zip Code)\n\nRegistrant’s telephone number, including area code: (334) 673-9763\n\nSecurities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:\n\nTitle of each classTrading Symbol(s)Name of each exchange on which registered\n\nClass A common stock, par value $0.001 per shareROADThe Nasdaq Stock Market LLC\n\n(Nasdaq Global Select Market)\n\nNasdaq Texas, LLC\n\nIndicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  ☒    No   ☐\n\nIndicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).    Yes  ☒    No  ☐\n\nIndicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.\n\nLarge Accelerated Filer☒Accelerated Filer☐\n\nNon-accelerated Filer☐Smaller Reporting Company☐\n\nEmerging Growth Company☐  \n\nIf an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐\n\nIndicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).  Yes ☐    No  ☒\n\nAs of May 7, 2026, the registrant had 47,985,624 shares of Class A common stock, $0.001 par value, and 8,549,118 shares of Class B common stock, $0.001 par value, outstanding.\n\nCAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS\n\nCertain statements contained in this Quarterly Report on Form 10-Q constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), including, among other things, statements related to future events, business strategy, future performance, future operations, backlog, financial position, plans to repurchase shares of Class A common stock, estimated revenues and losses, the impact of acquisitions, projected costs, prospects, plans and objectives of management. All statements other than statements of historical fact may be forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “seek,” “anticipate,” “plan,” “continue,” “estimate,” “expect,” “may,” “will,” “project,” “predict,” “potential,” “targeting,” “intend,” “could,” “might,” “should,” “believe,” “outlook” and variations of such words or their negative and similar expressions. Forward-looking statements should not be read as a guarantee of future performance or results, and may not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on management’s belief, based on currently available information, as to the outcome and timing of future events. These statements involve estimates, assumptions, known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those expressed in such forward-looking statements. When evaluating forward-looking statements, you should consider the risk factors and other cautionary statements described in this Quarterly Report on Form 10-Q and under the heading “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended September 30, 2025 (the “2025 Form 10-K”). We believe the expectations reflected in the forward-looking statements contained in this report are reasonable, but no assurance can be given that these expectations will prove to be correct. Forward-looking statements should not be unduly relied upon.\n\nImportant factors that could cause actual results or events to differ materially from those expressed in forward-looking statements include, but are not limited to:\n\n•declines in public infrastructure construction and reductions in government funding, including the funding by transportation authorities and other state and local agencies;\n\n•risks related to our operating strategy;\n\n•competition for projects in our local markets;\n\n•risks associated with our capital-intensive business;\n\n•government inquiries, requirements and initiatives, including those related to funding for public infrastructure construction, land use, environmental, health and safety matters, and government contracting requirements and other laws and regulations;\n\n•unfavorable economic conditions and restrictive financing markets;\n\n•our ability to successfully identify, manage and integrate acquisitions;\n\n•our ability to obtain sufficient bonding capacity to undertake certain projects;\n\n•our ability to accurately estimate the overall risks, requirements or costs when we bid on or negotiate contracts that are ultimately awarded to us;\n\n•the cancellation of a significant number of contracts or our disqualification from bidding for new contracts;\n\n•risks related to adverse weather conditions;\n\n•climate change and related laws and regulations;\n\n•our substantial indebtedness, costs associated therewith and the restrictions imposed on us by the terms thereof;\n\n•our ability to manage our supply chain in a manner that ensures that we are able to obtain adequate raw materials, equipment and essential supplies;\n\n•failure to implement growth strategies in a timely manner;\n\n•our ability to retain key personnel and maintain satisfactory labor relations, and to manage or mitigate any labor shortages, turnover and labor cost increases;\n\n•volatility in global energy markets due to ongoing geopolitical conflicts;\n\n•the impact of inflation on costs of labor, raw materials and other items that are critical to our business, including fuel, concrete and steel;\n\n•unfavorable developments affecting the banking and financial services industry;\n\n•property damage and other claims and insurance coverage issues;\n\n•the outcome of litigation or disputes, including employment-related, workers’ compensation and breach of contract claims;\n\n•risks related to our information technology systems and infrastructure, including cybersecurity incidents;\n\n•our ability to maintain effective internal control over financial reporting; and\n\n•other events outside of our control.\n\nThese factors are not necessarily all of the important factors that could cause actual results or events to differ materially from those expressed in the forward-looking statements. Other unknown or unpredictable factors could also cause actual results or events to differ materially from those expressed in the forward-looking statements. Our future results will depend upon various other risks and uncertainties, including those described in this Quarterly Report on Form 10-Q and in our 2025 Form 10-K. All forward-looking statements attributable to us are qualified in their entirety by this cautionary statement. Forward-looking statements speak only as of the date hereof. We undertake no obligation to update or revise any forward-looking statements after the date on which any such statement is made, whether as a result of new information, future events or otherwise, except as required by law.\n\n[Table of Contents](#i88f30b5d295c4abdb4e0da0395b27e13_7)\n\nTABLE OF CONTENTS\n\n[PART I.](#i88f30b5d295c4abdb4e0da0395b27e13_10)\n\n[FINANCIAL INFORMATION](#i88f30b5d295c4abdb4e0da0395b27e13_10)\n\n[2](#i88f30b5d295c4abdb4e0da0395b27e13_10)\n\n[Item 1.](#i88f30b5d295c4abdb4e0da0395b27e13_13)\n\n[Financial Statements](#i88f30b5d295c4abdb4e0da0395b27e13_13)\n\n[2](#i88f30b5d295c4abdb4e0da0395b27e13_13)\n\n[Consolidated Balance Sheets at](#i88f30b5d295c4abdb4e0da0395b27e13_16)[March 31, 2026](#i88f30b5d295c4abdb4e0da0395b27e13_16)[and September 30, 20](#i88f30b5d295c4abdb4e0da0395b27e13_16)[25](#i88f30b5d295c4abdb4e0da0395b27e13_16)\n\n[2](#i88f30b5d295c4abdb4e0da0395b27e13_16)\n\n[Consolidated Statements of Comprehensive Income for the](#i88f30b5d295c4abdb4e0da0395b27e13_19)[T](#i88f30b5d295c4abdb4e0da0395b27e13_19)[hree and](#i88f30b5d295c4abdb4e0da0395b27e13_19)[S](#i88f30b5d295c4abdb4e0da0395b27e13_19)[ix](#i88f30b5d295c4abdb4e0da0395b27e13_19)[M](#i88f30b5d295c4abdb4e0da0395b27e13_19)[onths](#i88f30b5d295c4abdb4e0da0395b27e13_19)[E](#i88f30b5d295c4abdb4e0da0395b27e13_19)[nded](#i88f30b5d295c4abdb4e0da0395b27e13_19)[March 31, 2026](#i88f30b5d295c4abdb4e0da0395b27e13_19)[and 20](#i88f30b5d295c4abdb4e0da0395b27e13_19)[25](#i88f30b5d295c4abdb4e0da0395b27e13_19)\n\n[3](#i88f30b5d295c4abdb4e0da0395b27e13_19)\n\n[Consolidated Statements of Stockholders' Equity for the](#i88f30b5d295c4abdb4e0da0395b27e13_22)[T](#i88f30b5d295c4abdb4e0da0395b27e13_22)[hree and](#i88f30b5d295c4abdb4e0da0395b27e13_22)[S](#i88f30b5d295c4abdb4e0da0395b27e13_22)[ix](#i88f30b5d295c4abdb4e0da0395b27e13_22)[M](#i88f30b5d295c4abdb4e0da0395b27e13_22)[onths](#i88f30b5d295c4abdb4e0da0395b27e13_22)[E](#i88f30b5d295c4abdb4e0da0395b27e13_22)[nded](#i88f30b5d295c4abdb4e0da0395b27e13_22)[March 31, 2026](#i88f30b5d295c4abdb4e0da0395b27e13_22)[and 20](#i88f30b5d295c4abdb4e0da0395b27e13_22)[25](#i88f30b5d295c4abdb4e0da0395b27e13_22)\n\n[4](#i88f30b5d295c4abdb4e0da0395b27e13_22)\n\n[Consolidated Statements of Cash Flows for the](#i88f30b5d295c4abdb4e0da0395b27e13_25)[S](#i88f30b5d295c4abdb4e0da0395b27e13_25)[ix](#i88f30b5d295c4abdb4e0da0395b27e13_25)[M](#i88f30b5d295c4abdb4e0da0395b27e13_25)[onths](#i88f30b5d295c4abdb4e0da0395b27e13_25)[E](#i88f30b5d295c4abdb4e0da0395b27e13_25)[nded](#i88f30b5d295c4abdb4e0da0395b27e13_25)[March 31, 2026](#i88f30b5d295c4abdb4e0da0395b27e13_25)[and 20](#i88f30b5d295c4abdb4e0da0395b27e13_25)[25](#i88f30b5d295c4abdb4e0da0395b27e13_25)\n\n[6](#i88f30b5d295c4abdb4e0da0395b27e13_25)\n\n[Notes to Consolidated Financial Statements](#i88f30b5d295c4abdb4e0da0395b27e13_28)\n\n[7](#i88f30b5d295c4abdb4e0da0395b27e13_28)\n\n[Item 2.](#i88f30b5d295c4abdb4e0da0395b27e13_94)\n\n[Management's Discussion and Analysis of Financial Condition and Results of Operations](#i88f30b5d295c4abdb4e0da0395b27e13_94)\n\n[29](#i88f30b5d295c4abdb4e0da0395b27e13_94)\n\n[Item 3.](#i88f30b5d295c4abdb4e0da0395b27e13_97)\n\n[Quantitative and Qualitative Disclosures About Market Risk](#i88f30b5d295c4abdb4e0da0395b27e13_97)\n\n[39](#i88f30b5d295c4abdb4e0da0395b27e13_97)\n\n[Item 4.](#i88f30b5d295c4abdb4e0da0395b27e13_100)\n\n[Controls and Procedures](#i88f30b5d295c4abdb4e0da0395b27e13_100)\n\n[39](#i88f30b5d295c4abdb4e0da0395b27e13_100)\n\n[PART II.](#i88f30b5d295c4abdb4e0da0395b27e13_103)\n\n[OTHER INFORMATION](#i88f30b5d295c4abdb4e0da0395b27e13_103)\n\n[40](#i88f30b5d295c4abdb4e0da0395b27e13_103)\n\n[Item 1.](#i88f30b5d295c4abdb4e0da0395b27e13_106)\n\n[Legal Proceedings](#i88f30b5d295c4abdb4e0da0395b27e13_106)\n\n[40](#i88f30b5d295c4abdb4e0da0395b27e13_106)\n\n[Item 1A.](#i88f30b5d295c4abdb4e0da0395b27e13_109)\n\n[Risk Factors](#i88f30b5d295c4abdb4e0da0395b27e13_109)\n\n[40](#i88f30b5d295c4abdb4e0da0395b27e13_109)\n\n[Item 2.](#i88f30b5d295c4abdb4e0da0395b27e13_112)\n\n[Unregistered Sales of Equity Securities and Use of Proceeds](#i88f30b5d295c4abdb4e0da0395b27e13_112)\n\n[40](#i88f30b5d295c4abdb4e0da0395b27e13_112)\n\n[Item 3.](#i88f30b5d295c4abdb4e0da0395b27e13_115)\n\n[Defaults Upon Senior Securities](#i88f30b5d295c4abdb4e0da0395b27e13_115)\n\n[41](#i88f30b5d295c4abdb4e0da0395b27e13_115)\n\n[Item 4.](#i88f30b5d295c4abdb4e0da0395b27e13_118)\n\n[Mine Safety Disclosures](#i88f30b5d295c4abdb4e0da0395b27e13_118)\n\n[41](#i88f30b5d295c4abdb4e0da0395b27e13_118)\n\n[Item 5.](#i88f30b5d295c4abdb4e0da0395b27e13_121)\n\n[Other Information](#i88f30b5d295c4abdb4e0da0395b27e13_121)\n\n[41](#i88f30b5d295c4abdb4e0da0395b27e13_121)\n\n[Item 6.](#i88f30b5d295c4abdb4e0da0395b27e13_124)\n\n[Exhibits](#i88f30b5d295c4abdb4e0da0395b27e13_124)\n\n[41](#i88f30b5d295c4abdb4e0da0395b27e13_124)\n\n[SIGNATURES](#i88f30b5d295c4abdb4e0da0395b27e13_127)\n\n[42](#i88f30b5d295c4abdb4e0da0395b27e13_127)\n\n[Table of Contents](#i88f30b5d295c4abdb4e0da0395b27e13_7)\n\nPART I - FINANCIAL INFORMATION"}