| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 167.51 | 104.8% |
| Total Income | 167.51 | 104.8% |
| Expenditure | 152.73 | 106.7% |
| PBT | 12.53 | 88.7% |
| Net Profit | 3.42 | 37.6% |
| OPM | 8.82% | 0.85pp |
| NPM | 2.04% | 4.65pp |
| EPS | 0.23 |
Cardinal Infrastructure Group Reports Q1 2026 Revenue Up 105%, Raises Outlook
12 May 2026 · 12 May, 4:01 pm
Summary
Cardinal Infrastructure Group Inc. announced first quarter 2026 financial results, reporting revenue of $167.5 million, a 105% increase compared to the first quarter of 2025. Net income increased 73% to $11.5 million. The company's backlog reached $854 million, a 60% increase from the prior year. Due to the strong start to the year, Cardinal is raising its full-year revenue guidance to a range of $675 million to $685 million and expects an adjusted EBITDA margin of 20%+
Key Highlights
- 1
Cardinal Infrastructure Group reported first quarter revenue of $167.5 million, up 105% year-over-year, including 64% organic growth.
- 2
Net income for the first quarter increased by 73% to $11.5 million compared to $6.6 million in the first quarter of 2025.
- 3
Adjusted EBITDA for the first quarter was $26.8 million, an increase of 84% year-over-year.
- 4
The company's total backlog as of March 31, 2026, was $854 million, a 60% increase from $532 million as of March 31, 2025.
- 5
Cardinal is raising its full-year revenue guidance to a range of $675 million to $685 million.
- 6
The company expects an adjusted EBITDA margin of 20%+ for the full year 2026.
Management Comments
Jeremy Spivey
"Cardinal delivered an exceptional first quarter. Revenue grew significantly year over year, backlog reached an all-time high and ALGC has made strong contributions from day one. With results ahead of our expectations on a strong start to the year and the solid visibility we have into the year ahead, we are raising our full-year revenue guidance." "Our vertical integration model is winning work that broadens our end market mix in a real way, including the data center project we announced, and a series of manufacturing and industrial awards added to backlog this quarter. The bidding environment across our markets remains robust and our M&A pipeline is the most active it has ever been. The runway in front of Cardinal is significant, and we are focused on executing for our customers and our shareholders."
Informational and educational content only. Not investment advice.