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Construction Firm Boosts Outlook, Sees Strong Pricing Gains
9 Aug
Summary
- 30% EBITDA growth expected for the year
- Aggregates pricing up 10% year-to-date
- Capacity available to increase wind tower production
As of August 9th, 2025, the construction firm has increased its confidence in the full-year outlook, maintaining the midpoint of its guidance while tightening the range. The company now expects 30% EBITDA growth for the year, with 12% organic growth.
The first half of the year was impacted by weather in the construction segment, but the utility structures and barge businesses outperformed to compensate. Looking ahead, the firm anticipates high single-digit organic growth in construction for the second half, supported by strong July performance.
The aggregates segment has been a standout, with average selling prices (ASPs) growing 10% year-to-date, exceeding expectations. This reflects successful mid-year pricing initiatives and favorable trends in the New York and New Jersey metropolitan area. The recent Stavola acquisition has also been accretive, and the company expects strong pricing momentum to continue.
In the wind tower business, the firm has four plants capable of producing wind towers, with one transitioning to transmission towers due to high demand. The remaining three plants are operating at around 60% capacity, with the New Mexico facility slightly higher. The company has the ability to increase production if needed, and with policy clarity, customer excitement for wind projects remains high.
