Cardinal Infrastructure Q2 FY26 net income rises 18% to $11.1 million; revenue more than doubles to $226.9 million

Reuters2026/08/11 10:50

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Cardinal Infrastructure Group posted Q2 2026 revenue of USD 226.9 million, more than doubled year over year, with net income of USD 11.1 million.
Adjusted EBITDA rose 43% to USD 28.1 million, while adjusted EBITDA margin narrowed to 12.4% from 18.6% a year earlier.
Backlog climbed 35% from a year earlier to USD 866 million as of June 30.
Cardinal agreed to buy Atlanta-based Allied Paving for about USD 120 million, including roughly USD 62 million cash and USD 58 million in Class A stock.
Raised 2026 revenue outlook to USD 880 million-USD 900 million, projecting an adjusted EBITDA margin of 16%-18%.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cardinal Infrastructure Group Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202608110650PR_NEWS_USPR_____CL22943) on August 11, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

Cardinal Infrastructure Q2 FY26 net income rises 18% to $11.1 million; revenue more than doubles to $226.9 million

You may also like

Crypto prices