Welcome to our dedicated page for Cardinal Infra news (Ticker: CDNL), a resource for investors and traders seeking the latest updates and insights on Cardinal Infra stock.
Cardinal Infrastructure Group Inc. (NASDAQ: CDNL) is a Raleigh, North Carolina-based provider of turnkey infrastructure services across the Southern and Southeastern United States. The company describes itself as one of the fastest-growing, full-service infrastructure services platforms in its region, supporting residential, commercial, industrial, municipal, and state projects.
This news page aggregates coverage related to Cardinal Infrastructure Group’s corporate developments, capital markets activity, and operational updates. Recent disclosures include the pricing and completion of its initial public offering of Class A common stock on the Nasdaq Global Select Market, as well as follow-on details filed in Form 8-K reports. Investors and observers can use this page to follow how the company communicates material events after its transition to public company status.
News items for Cardinal Infrastructure Group may feature information drawn from SEC filings, such as material agreements entered into in connection with the IPO, changes to its charter and bylaws, and details of acquisitions like the purchase of substantially all of the assets of Red Clay Industries, Inc. Updates may also highlight how the company expands its capabilities in areas such as wet utility installations, paving, and site preparation services.
By reviewing the news feed for CDNL, readers can track announcements about financing transactions, acquisitions, and other significant events that the company reports through press releases and regulatory filings. This page offers a centralized view of Cardinal Infrastructure Group-related headlines for those monitoring developments in the infrastructure services space.
Cardinal Infrastructure Group (NASDAQ: CDNL) was awarded a $24 million contract to deliver full-site civil infrastructure services for the first phase of a multi-phase data center campus.
Work is scheduled to begin in Q2 2026 with projected substantial completion in 2027. Cardinal will self-perform the complete civil scope, including utilities, earthwork, erosion control, storm drainage, stormwater management, and site paving. This is Cardinal's first mission-critical data center contract and represents end-market diversification.
Cardinal Infrastructure Group (NASDAQ: CDNL) named Erik West as President of the Carolinas effective March 20, 2026. West, with over 30 years in construction and ten years at Cardinal, will oversee operations across North and South Carolina and lead regional growth and client service.
He previously served as Chief Operating Officer of Cardinal Civil Contracting and led integration of acquisitions in Greensboro and Charlotte.
Cardinal Infrastructure Group (NASDAQ: CDNL) will be added to the Russell 2000 and Russell 3000 indexes effective March 23, 2026 as part of FTSE Russell's Q1 IPO additions. Inclusion should increase Cardinal's visibility among institutional investors and index-tracking funds.
Cardinal said the listing expands its reach to a broader investor base as it executes its growth strategy; FTSE Russell updates for IPO additions occur quarterly.
Cardinal Infrastructure Group (NASDAQ: CDNL) reported full year 2025 results and affirmed 2026 guidance. Revenue was $456.0 million, up 45% year-over-year; net income was $31.1 million; Adjusted EBITDA was $81.5 million, up 44%. Backlog grew to $682 million (+33%).
The company raised $139.8 million in its IPO, ended 2025 with $97.1 million cash, completed the acquisition of A.L. Grading Contractors on Feb 18, 2026, and affirmed 2026 revenue guidance of $665M–$678M with a 20%+ Adjusted EBITDA margin.
Cardinal Infrastructure Group (Nasdaq: CDNL) will report full-year 2025 financial results before market open on Thursday, March 19, 2026. A conference call will follow at 10:30am ET the same day. Webcast, presentation, press release, and supporting financial materials will be available on the company website prior to the call, and a replay will be posted after the presentation.
Cardinal Infrastructure Group (NASDAQ: CDNL) announced three senior hires on February 26, 2026: Jason Banks as Director of Information Technology, Emily Lear as Director of Investor Relations, and Liz Hester as Director of Marketing and Public Relations.
These appointments aim to strengthen technology, investor communications and brand strategy as the company scales as a public company.
Cardinal Infrastructure Group (NASDAQ: CDNL) acquired A.L. Grading Contractors (ALGC) for a total consideration of $245.5 million, expanding Cardinal into Georgia and adding unaudited ALGC revenue of $160 million with a 26.3% Adjusted EBITDA margin (TTM to Sept 30, 2025).
Cardinal provided preliminary 2025 results (revenue ~$452.3M–$459.7M; Adj. EBITDA margin ~17.8%–18.0%) and 2026 guidance (revenue $664.9M–$678.3M; Adj. EBITDA margin at least 20%). Pro forma net tangible leverage is ~1.27x.
Cardinal Infrastructure Group (NASDAQ: CDNL) priced its initial public offering of 11,500,000 Class A shares at $21.00 per share for gross proceeds of approximately $241,500,000, before underwriting discounts, commissions and offering expenses.
The company granted underwriters a 30-day option to purchase up to an additional 1,725,000 shares (15%). Shares are expected to begin trading on the Nasdaq Global Select Market on December 10, 2025 under the ticker CDNL, with the offering expected to close on December 11, 2025, subject to customary closing conditions.