The nation’s leading civil and infrastructure contractors continued to post strong results through the quarter ended June 30, 2026, supported by healthy public infrastructure spending, expanding private-sector demand, and continued investment across data centers, semiconductor facilities, power, transportation, and other mission-critical end markets.
Revenue and adjusted EBITDA increased across Construction Partners, Granite, and Sterling Infrastructure, while backlog and awarded project levels remained at or near record highs. Management teams also raised full-year guidance, reflecting continued confidence in project pipelines and multi-year demand visibility.
Sterling Infrastructure (NASDAQ: STRL)
Sterling delivered another record quarter, with continued strength in its E-Infrastructure platform and contributions from recent acquisitions.
For the quarter ended June 30, 2026, revenue increased 90% year over year to $1.17 billion, including approximately 50% organic growth. Adjusted EBITDA increased 104% to $256.7 million, while backlog increased 116% to $4.33 billion. Combined backlog, which includes unsigned awards, reached $5.62 billion, up 150% year over year.
E-Infrastructure Solutions continued to drive the company’s growth, with segment revenue increasing 192% year over year. Mission-critical projects, including data centers, manufacturing, and semiconductor facilities, represented 92% of E-Infrastructure backlog at quarter end. Sterling also continued reallocating resources from transportation work toward higher-margin E-Infrastructure opportunities.
Following the quarter, Sterling raised its full-year 2026 outlook to revenue of $4.00 billion to $4.15 billion and adjusted EBITDA of $891 million to $916 million, citing continued backlog expansion, future phase opportunities, and contributions from recent acquisitions.
Construction Partners, Inc. (NASDAQ: ROAD)
Construction Partners continued to deliver strong growth across its vertically integrated Sunbelt roadway platform despite wet weather and energy cost inflation during the quarter.
For its fiscal third quarter ended June 30, 2026, revenue increased 28% year over year, while adjusted EBITDA increased 24% to $163.0 million. Backlog reached a record $3.36 billion, up from $2.94 billion in the prior-year period and $3.14 billion at the end of the previous quarter.
The company also continued expanding its geographic footprint and capabilities through acquisition. Construction Partners recently acquired Ellsworth Construction, strengthening its presence in the Tulsa and Oklahoma City markets while adding further exposure to data center construction. Management noted that Ellsworth’s capabilities complement the company’s existing data center activity in North Texas.
Following the quarter, Construction Partners raised its fiscal 2026 guidance to revenue of $3.64 billion to $3.68 billion and adjusted EBITDA of $559 million to $569 million, supported by strong operating performance, healthy public and private construction demand, and expected contributions from Ellsworth.
Granite Construction (NYSE: GVA)
Granite also reported continued top-line growth during the second quarter, supported by healthy project activity and contributions from recent acquisitions.
Revenue increased 29% year over year to approximately $1.5 billion, while adjusted EBITDA increased 22% to $186 million. Committed and Awarded Projects, or CAP, increased sequentially by $250 million to $7.4 billion, approximately $1.4 billion above the prior-year level.
Granite’s results benefited from higher CAP entering the quarter and contributions from Warren Paving, Papich Construction, and Kenny Seng Construction. Management also highlighted continued strength across both public and private infrastructure markets despite weather-related headwinds in the Southeast.
The company raised its annual revenue guidance range by $100 million and indicated that it expects elevated organic growth to continue through the second half of 2026 and into 2027, supported by opportunities across public and private infrastructure markets.
Looking Ahead
The operating environment for civil and infrastructure contractors remains favorable entering the second half of 2026. Public transportation and infrastructure funding continues to provide a durable base of activity, while private investment tied to data centers, semiconductors, power generation, advanced manufacturing, and other mission-critical projects is creating additional avenues for growth.
The quarter also reinforces a broader shift across the sector. Leading contractors are increasingly expanding beyond traditional transportation and civil construction into higher-growth infrastructure categories, while using acquisitions, geographic expansion, and specialized capabilities to deepen market positions.
With backlog and awarded project levels remaining strong and all three companies raising full-year guidance, visibility into future activity remains healthy. Contractors with scale, specialized capabilities, strong regional positions, and exposure to both public infrastructure and mission-critical private investment appear well positioned as the market progresses through the remainder of 2026.
