Construction Partners Inc. (ROAD) stock is soaring 9.10% in pre-market trading on Thursday following the release of its fiscal 2025 third quarter results. Despite slightly missing analyst expectations, the company reported significant year-over-year growth and maintained a positive outlook, which has excited investors.

The construction firm's Q3 revenue surged 51% year-over-year to $779.28 million, although it fell short of the $783.60 million consensus estimate. Adjusted earnings per share came in at $0.81, just below the expected $0.82. However, the company's adjusted EBITDA saw an impressive 80% increase, reflecting strong operational performance. CEO Fred J. Smith attributed the revenue growth largely to acquisitions, which contributed $235.7 million in the quarter.

Investors are particularly encouraged by Construction Partners' maintained full-year 2025 guidance, with revenue expected between $2.77 billion and $2.83 billion, and adjusted EBITDA projected at $410 million to $430 million. The company also reported a record project backlog of $2.94 billion, indicating robust future demand. Additionally, the acquisition of Durwood Greene has expanded the company's presence in the Texas market, potentially opening up new growth opportunities. Despite challenges from record rainfall in the Southeast causing project delays, the overall positive results and outlook appear to be driving the stock's significant pre-market rally.