Construction Partners' stock surged 8.26% in pre-market trading on Friday after the company reported better-than-expected fiscal second-quarter results and raised its full-year outlook.

The infrastructure construction company reported Q2 revenue of $769.2 million, significantly exceeding the IBES estimate of $677.6 million and representing a 34.5% year-over-year increase. Net income more than doubled to $9.2 million, while diluted EPS rose to $0.16. The company also reported a record project backlog of $3.14 billion as of March 31, 2026.

Management raised its FY2026 outlook, forecasting revenue of $3.59-3.65 billion and net income of $159-162 million. The company noted that energy cost volatility had limited impact due to the pass-through nature of its project contracts, contributing to the strong financial performance.