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Cardinal Infrastructure Group Inc. Announces First Quarter 2026 Results and Raises 2026 Outlook
Cardinal Infrastructure Group Inc. (NASDAQ: CDNL) ("Cardinal" or the "Company"), today announced first quarter 2026 financial results and raised guidance for the full year 2026.
About this update from Cardinal Infrastructure Group Inc.
[{"type":"text","content":"RALEIGH, N.C., May 12, 2026 /PRNewswire/ -- Cardinal Infrastructure Group Inc. (NASDAQ: CDNL) ("Cardinal" or the "Company"), today announced first quarter 2026 financial results and raised guidance for the full year 2026.","length":246,"tagName":"p"},{"type":"image","alt":"Cardinal Infrastructure Group (PRNewsfoto/Cardinal Infrastructure Group Inc.)","displaySize":"","headline":null,"caption":"Cardinal Infrastructure Group (PRNewsfoto/Cardinal Infrastructure Group Inc.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":224,"url":"https://media.zenfs.com/en/prnewswire.com/520f17546fbd5c4cf8164f52c2b2e3df"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/uTnev7lWR9jICOQCPQKCJw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTM5NQ--/https://media.zenfs.com/en/prnewswire.com/520f17546fbd5c4cf8164f52c2b2e3df","width":400,"height":224},"resize_sm":{"url":"https://s.yimg.com/ny/api/res/1.2/5wB1136hb1JT8aq_B9sB1Q--/YXBwaWQ9aGlnaGxhbmRlcjt3PTY0MDtoPTM1OA--/https://media.zenfs.com/en/prnewswire.com/520f17546fbd5c4cf8164f52c2b2e3df","width":400,"height":224}},"href":"https://mma.prnewswire.com/media/2842252/Cardinal_Infrastructure_Group_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"First Quarter Highlights*: ","length":31,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Revenue of $167.5 million; up 105% in total or 64% organically year-over-year","length":77,"tagName":"p"}]},{"val":[{"type":"text","content":"Net income of $11.5 million; up 73% from first quarter 2025","length":59,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted EBITDA of $26.8 million, up 84% year-over-year","length":55,"tagName":"p"}]},{"val":[{"type":"text","content":"Backlog as of March 31, 2026 was $854 million, up 60% from the prior year","length":73,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":264,"olType":false},{"type":"text","content":"*See "Non-GAAP Financial Measures" below for a discussion of our use of Non-GAAP financial measures in this release and reconciliations to the most directly comparable GAAP financial measures.","length":202,"tagName":"p"},{"type":"text","content":""Cardinal delivered an exceptional first quarter," said Jeremy Spivey, Chairman and Chief Executive Officer. "Revenue grew...