$38.040
-3.036 (-7.98%)At close
CDNL News
CDNL Events
Cardinal Infrastructure Shares Drop 27.5% to $43.48
Cardinal Infrastructure is down -27.5%, or -$16.52 to $43.48.
Sees FY26 Adjusted EBITDA Margin of 16%-18%
Sees FY26 adjusted EBITDA margin of 16%-18%
Cardinal Reports Q2 Revenue of $226.9M, a Record High
Reports Q2 revenue $226.9M vs $106.1M last year. "This was one of the strongest growth quarters in Cardinal's history," said Jeremy Spivey, Chairman and Chief Executive Officer. "We delivered record revenue, our backlog climbed to an all-time high, and today we announced Allied Paving, our ninth acquisition since 2021, following Piedmont Pipe in Charlotte in May. Keeping pace with this level of customer demand, and investing to capture the opportunity it represents, cost more than we expected this quarter, resulting in margins below plan."
Cardinal Infrastructure Shares Drop 22.9% to $46.26
Cardinal Infrastructure is down -22.9%, or -$13.74 to $46.26.
Cardinal Infrastructure Completes First Asphalt Processing Plant
Cardinal Infrastructure Group announced the completion of construction on its first asphalt processing plant near Raleigh, a milestone in the Company's strategy to own all aspects of civil infrastructure delivery across its growing footprint. The plant is capable of producing 400 tons of hot mix asphalt per hour and gives Cardinal direct control over mix design, production scheduling and material quality. The plant further enhances Cardinal's ability to deliver on tight project timelines by reducing dependence on third-party suppliers.
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