Cardinal Infrastructure Q1 2026 Revenue Surge and Backlog Growth
Sector: Manufacturing (Industrial) • Location: Raleigh, North Carolina, South Carolina, United States
Source: GRAFA
Cardinal Infrastructure Group reported a 105% surge in first-quarter revenue to $167.5 million, driven by 64% organic growth and acquisitions. The company's net income rose 73% to $11.5 million, and adjusted EBITDA climbed 84% to $26.8 million. The backlog increased 60% to $854 million, with a diversified pipeline including manufacturing, industrial, and data center projects. The company raised it
- Status
- Prospective
- Sector
- Manufacturing (Industrial), Data Center
- Location
- Raleigh, North Carolina, South Carolina, United States of America
- Updated
- 22 Jul 2026
- Source
- GRAFA
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Status
Original status | active |
Taiyo status | Prospective |
Taiyo last update | 2026-07-22 |
Contact
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Description
Description | Cardinal Infrastructure Group reported a 105% surge in first-quarter revenue to $167.5 million, driven by 64% organic growth and acquisitions. The company's net income rose 73% to $11.5 million, and adjusted EBITDA climbed 84% to $26.8 million. The backlog increased 60% to $854 million, with a diversified pipeline including manufacturing, industrial, and data center projects. The company raised its 2026 revenue guidance to $675-$685 million and reaffirmed an adjusted EBITDA margin target of 20% or higher. It completed a $250 million refinancing of its credit facilities. |
Original sector | Industrials |
Budget |
Location
Country | United States of America (USA) |
State | North Carolina, South Carolina |
City | Raleigh |
Source
Source | GRAFA |
URL |
More Details
Record type | Project |
Sector | Manufacturing (Industrial), Data Center |
Article published date | 2026-05-14 |
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