AGM/EGMApr 26, 2026, 05:31 AM
CDNL Sets Annual Meeting; Reports 2025 Revenue +45%, Acquires ALGC
AI Summary
Cardinal Infrastructure Group Inc. (CDNL) announced its first Annual Meeting of Stockholders as a public company, to be held virtually on June 5, 2026. The company reported a transformative 2025, with revenue up 45% to $456.0 million and net income up 10% to $31.1 million. CDNL also highlighted the completion of its IPO in December 2025, raising $241.5 million, and the strategic acquisition of A.L. Grading Contractors, LLC in February 2026, expanding its geographic footprint in the Southeast. Stockholders will vote on the election of six directors and the ratification of Grant Thornton LLP as the independent auditor.
Key Highlights
- First Annual Meeting of Stockholders scheduled for June 5, 2026, virtual-only.
- Completed IPO in December 2025, raising $241.5 million in gross proceeds.
- Acquired A.L. Grading Contractors, LLC in February 2026, expanding footprint.
- 2025 revenue reached $456.0 million, a 45% increase from 2024.
- 2025 net income was $31.1 million, a 10% increase from 2024.
- Backlog as of December 31, 2025, was $682 million, up 33% YoY.
- Stockholders to vote on election of six directors and auditor ratification.
- Board recommends "FOR" all director nominees and auditor ratification.
Price Impact
More from CDNL