Cardinal Infrastructure Group (NASDAQ:CDNL) Announces Quarterly Earnings Results, Misses Expectations By $0.22 EPS

Cardinal Infrastructure Group (NASDAQ:CDNL) issued its quarterly earnings results on Tuesday. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.22), FiscalAI reports. The company had revenue of $226.93 million for the quarter.

Here are the key takeaways from Cardinal Infrastructure Group’s conference call:

• Revenue guidance was raised to $880 million–$900 million for 2026, implying approximately 95% year-over-year growth at the midpoint, supported by record $866 million backlog and broad demand across commercial, industrial, and residential markets.
• Cardinal announced its acquisition of Allied Paving for approximately 5.5 times EBITDA; the Atlanta-area paving business adds $108 million of annual revenue at a 20.3% adjusted EBITDA margin and strengthens the company’s vertically integrated capabilities.
• Second-quarter adjusted EBITDA margin fell to 12.4% from 18.6% a year earlier, pressured by subcontractor and rental costs, crew underutilization from project delays and changing end-market mix, severe Georgia weather, and higher public-company overhead.
• Full-year adjusted EBITDA margin guidance was reduced to 16%–18%, although management expects second-half improvement from higher-margin Georgia work, project starts in Charlotte, integration synergies, and recovery of some one-time costs; its longer-term low-20% margin target remains unchanged.
• The company ended the quarter with $339 million of cash, $195 million of term debt, and no revolver borrowings, leaving substantial capacity for organic investments and additional acquisitions while it expands its Southeast platform.

Cardinal Infrastructure Group Stock Performance

Shares of CDNL stock traded up $0.23 during trading hours on Thursday, reaching $36.20. 153,694 shares of the company’s stock were exchanged, compared to its average volume of 508,257. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.73 and a quick ratio of 1.73. Cardinal Infrastructure Group has a 1 year low of $21.98 and a 1 year high of $96.40. The company has a market cap of $1.55 billion and a P/E ratio of 155.48. The company’s 50 day moving average is $69.60 and its two-hundred day moving average is $50.22.

Wall Street Analysts Forecast Growth

CDNL has been the subject of a number of research reports. Zacks Research cut shares of Cardinal Infrastructure Group from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. Weiss Ratings raised Cardinal Infrastructure Group from a “sell (e)” rating to a “sell (e+)” rating in a report on Monday, June 1st. Oppenheimer dropped their price target on Cardinal Infrastructure Group from $80.00 to $70.00 and set an “outperform” rating on the stock in a research report on Wednesday. Finally, Stifel Nicolaus decreased their price objective on Cardinal Infrastructure Group from $63.00 to $52.00 and set a “buy” rating for the company in a research report on Wednesday. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $52.33.

Insider Buying and Selling

In other Cardinal Infrastructure Group news, COO Benjamin Wood bought 20,000 shares of Cardinal Infrastructure Group stock in a transaction on Wednesday, May 27th. The stock was bought at an average price of $51.30 per share, with a total value of $1,026,000.00. Following the completion of the acquisition, the chief operating officer owned 20,000 shares in the company, valued at $1,026,000. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 61.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Cardinal Infrastructure Group during the 4th quarter valued at approximately $31,082,000. Ophir Asset Management Pty Ltd purchased a new position in Cardinal Infrastructure Group in the 4th quarter valued at approximately $23,865,000. Wasatch Advisors LP purchased a new position in Cardinal Infrastructure Group in the 4th quarter valued at approximately $16,539,000. Adage Capital Partners GP L.L.C. acquired a new position in Cardinal Infrastructure Group during the fourth quarter worth $14,992,000. Finally, TimesSquare Capital Management LLC purchased a new stake in Cardinal Infrastructure Group during the fourth quarter worth $14,612,000.

About Cardinal Infrastructure Group

We provide a comprehensive suite of infrastructure services to the residential, commercial, industrial, municipal, and state infrastructure markets. Our operations leverage a large highly skilled workforce and a fleet of specialized equipment to deliver wet utility installations (water, sewer, and stormwater systems), as well as grading, site clearing, erosion control, drilling and blasting, paving, and other related site services. We are becoming the platform of choice for a diverse array of infrastructure construction projects in our target geographies that require high-level technical expertise and sophistication.