Cardinal Infrastructure Q1 Revenue +105%, Guidance Raised

Cardinal Infrastructure reported Q1 adjusted EPS of $0.23, beating estimates by $0.09 and driving a 3.2% pre‑market share rise.
Revenue surged 105% YoY to $167.5 million, fueled by 64% organic growth and the acquisition of A.L. Grading Contractors.
Full‑year 2026 revenue outlook was lifted to $675‑$685 million, with a midpoint of $680 million topping the $672 million consensus.
Net income rose 73% to $11.5 million and adjusted EBITDA jumped 84% to $26.8 million, though EBITDA margin fell to 16%.